I have heard it is good to work a few years before getting one’s MBA, but it seems challenging to go back to school after entering the workforce - especially if one has kids.
If you had just one bite out of the apple to pursue a CFA career, which path at Alabama would be more useful: the STEM MBA degree or the Masters in Finance?
I am curious to hear from any UA folks who have any insight on this.
Gracias!
You are very correct that it’s hard to go back to college after being away for awhile, especially if one has children A lot of younger people are delaying having children until their late 20s or early 30s so they both can build their careers, which may also require a lot of moving around in the early years of their professional careers.
One of the reasons why undergraduate business majors were not originally eligible to participate in the STEM MBA program was that many professors felt it would be a disservice the students to not have them get a certain amount of professional work experience before starting an MBA program as it might limit their career options and earning potential down the road. This is supposedly less true for MBAs who work in other areas of companies such as engineering.
MBA programs are very much concerned about their current students and alumni building successful professional networks such that common advice has often been to choose more prestigious MBA programs in order to get an even better professional network, even if it means getting $50-100k in debt. The argument goes that this debt is quickly paid off due to higher earnings.
An interesting question for your son to consider is the age old question of is it better as a recent graduate to take a higher paying job in an area with a much higher cost of living (the Bay Area and NYC being prime examples) or to take a lower paying job in an area with a lower cost of living?
@sea_tide thanks! Definitely good for thought…