01 Feb 08 Debate commentry: MBA from US Now or Later?
Recently we had a debate on ScoreChase regarding whether it is a good idea to have the debate now or later. To check the debate, please click here: Debate – US MBA better now or later? . The original question has several parts/concerns to it:
- US is in credit crisis, possibility of recession – is it better to join an MBA program knowing that you may not get a better job later
- When ROI is uncertain, why do MBA, while you can gain valuable work experience
- Is it advisable to leave your jobs, especially in a possible economy slump which can have global impacts
- For international students who apply for MBA, it is already very difficult to get a good/high-paying job because a lot of employers dont want to process H1, bring economic slump iand the cost involved in completing an MBA in the mix, the move to pursue an MBA may backfire.
A lot of members responded with their views and most had a positive point of view on the concerns above. The debate is open so please feel free to contribute your opinion. This article serves as the commentary to the views that have been expressed so far from different members of ScoreChase GMAT and MBA community:
- MBA as a degree has long term skill set, problems in short term may be overlooked
- How much these questions concern you depends on your goals. For a person in entrepreneurship, networking may be the most important part of MBA and not the job after that. Networking is a huge aspect of MBA which can not really be quantified and hence is often ignored, but it should be considered.
- ROI needs to defined before we speak about it. Even when economy is good, ROI can not be defined over just a couple of years.
- Starting salaries don't really define the benefits you receive from your MBA education.
- Think of longer term – your specialization, which industry you want to remain rest of your life
- The best way to go through recession is to invest and build on skills that will help you soon after. Imagine just after recession when you will have better skill set then others
- In recent times recessions have had very short life spans (2-3 years). This means that although you may enter the MBA during recession once you get out, you may be pretty much out of the trough.
- Although recession is made out to be a certainty, no one is sure whether its just a temporary slump or not. Given the huge economy US is, you can rest assured that it will be out of recession soon.
Complete thoughts and arguments can be read at the original debate (Debate – US MBA better now or later?) itself. If you have an opinion, please feel free to join in!
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Tags: , credit-crisis, mba, recession, scholarship
