I am going again for my MBA! This week marks the top of the primary week at Georgia Tech’s Sheller School of Enterprise MBA Orientation, and up to now it has been superb. Once I introduced on Instagram that I used to be returning for my MBA, I used to be met with private tales from individuals who had simply completed or have been nonetheless in class and some who had some questions on what an MBA was. I assumed I would do a put up answering all of the questions on it, why, how a lot and what it means to get an MBA on this put up!
Very first thing, I need to share that I did not all the time intend to return to high school. I actually left faculty saying I used to be going to climb the company ladder, change into a VP of an organization in my mid-40s and that may be it. I am good, competent and good at numbers, why ought to I spend 100 thousand {dollars} to return to high school once I can now experience a horse and change into a VP? PS I’ve already had this dialog with my profession advisor, so that they know all about my path to enterprise college.
That being stated, I have been on this MBA journey for some time and I nearly gave up as a result of we have been gaining a lot traction for the model that stopping now can be detrimental to progress. However then I noticed, my private progress is as necessary as the expansion of my model and I do know that an MBA will assist me get my subsequent progress. Now some reader questions on MBA!
What’s an MBA?
An MBA is a Masters of Enterprise Administration. You’ll have heard folks seek advice from it as B-school, enterprise college, however it’s by no means referred to easily as “Masters”. An MBA is a set of courses that a company places collectively to assist polish a person’s enterprise abilities to allow them to advance and change into sturdy managers, leaders, or assist equip them to begin and run a enterprise. There are typically three classes: full-time, night and govt. A full-time MBA (my MBA program) lasts 2 years, whereas a night (or part-time) often lasts 3-4 years (you do it whereas working full-time), and an govt MBA is 1 yr.
How a lot is an MBA?
MBA prices fluctuate from college to high school. Usually, your full-time public MBA goes to be round $30K a yr (together with housing, meals, and charges). Personal establishments are rather more costly, charging anyplace close to $200K for all the program (suppose Harvard, Yale, and many others.).
Why would you pay for an MBA, when you possibly can’t be taught every part on-line without spending a dime lately?
Listed here are one of the best questions and the toughest to reply – sure and no. Studying from a e-book (or on this case, on-line) and studying in actual life are two fully completely different strategies of retaining info. Whereas this works for some (suppose your Bezos, your job, and your Gates), it is not essentially a protected place to be taught and apply complicated enterprise situations with out placing your online business in danger. In an MBA, you get beneficial alternatives to community, polish your interviewing and pitching abilities in real-time, be taught enterprise ideas and apply them to real-world conditions. MBAs additionally assist these in search of a reputable strategy to change profession paths (equivalent to finance to advertising and marketing) or increase their information of a specific profession path and step right into a extra superior position once they return to the workforce. In the end, the choice to return to high school is yours, however it should by no means harm you to decide on additional schooling whereas in search of new alternatives in life.
What is the level of getting an MBA if you have already got your dream job?
It is true! I completely love being the editor and inventive director of Darling Down South and it has been my dream to be an EIC of {a magazine} since I used to be a teen. Though that is my dream job, I’ve different avenues of enterprise that I need to discover and pursue in order that I can deliver you prime quality content material, new merchandise and new providers sooner or later. I need to increase your person expertise and I do know that my expertise with MBA will assist make that occur.
What is going on to occur to Darling Down South? You are not leaving, are you?!
No, relaxation assured, this platform just isn’t going anyplace however we’re bringing some assist. I’ve a few contributors who’re going to jot down some content material for you guys and I will pop in about 4 instances a month to say good day. You’ll be able to nonetheless discover snapshots of our dwelling life on Instagram and you can even communicate with our e-newsletter!
I am pondering of doing an MBA however afraid to inform my boss/give up, what have you ever accomplished?
Effectively, I used to be my very own boss for the final yr so it was straightforward to let him find out about life adjustments. However my MBA journey started once I was working full-time and navigating that dialog with my boss was straightforward but additionally tough. There was a motive he needed to return for my full-time MBA however I knew that if I instructed him I needed a full-time MBA, I’d danger shedding my profession development alternatives. I gambled and instructed him anyway, he was extraordinarily supportive and consistently checked in on my work and college progress. He additionally wrote my suggestion for tech which I actually appreciated. I’ll say, not all bosses are receptive to listening to that you simply need to give up to return to high school. Asking your present employer generally is a big danger as a result of it may be an issue in the case of a bonus/promotion/what have you ever, so if you happen to really feel prefer it, remember to ask your colleagues confidentially and for a suggestion. Or you possibly can all the time speak to HR!
Can anybody go for MBA, I’ve no enterprise background?
Completely! It’s open and out there to anybody who has accomplished a bachelor’s diploma. Every college has its personal necessities that revolve round undergraduate GPA, GMAT/GRE scores, and work historical past. I’d counsel you contact the admissions program and if you recognize somebody personally who went to the MBA program you need to go to, contact them for an introduction to the admissions council. Keep in mind, you’re a potential buyer, whereas sure you might be doing this to make you are feeling higher, they’ve many slots they should fill annually and are attempting to impress you too!
I do not like taking exams, do I actually must take the commencement examination to get into the MBA program?
In all probability, sure. There are some packages that let you waive the check with govt sponsorship or work historical past, however these are uncommon. There are a number of packages that do not require you to take the check in any respect, however I am not acquainted with any of them. I extremely advocate taking the GRE if you have not been in class for some time. I discovered this check a lot simpler than GMAT as a result of GMAT has loads of subjective questions in quantitative and verbal sections and I do not do properly with such questions. The GRE consisted of an on-screen calculator and verbal math that simulated a sophisticated studying stage.
What are you planning on doing after doing MBA?
In the end, I need to be the CMO or CEO of an rising meals or beverage model, whether or not I construct it myself or be part of after faculty. I do not plan on shifting from Atlanta, however I feel serving to drive market orientation for a way of life meals/drink model can be probably the most fulfilling job.
You guys had some nice questions, so thanks a lot for asking! I hope this helps you perceive what an MBA is all about! Whether or not you are simply beginning out, undecided if you wish to begin, or simply curious, I hope you’ve got discovered one thing right here! PS Go jacket!
