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I have already looked into the joint M.S./M.B.A. programs at a few schools. While I do think that that could be a wonderful solution, I do have a few worries, most notibly that I'm not sure you can complete one of these on a part-time basis. I really think I'd like to work on whatever graduate degree or degrees I earn part-time, with the financial aide of an employer helping to pay the bills.
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<p>Ok, well, I should then point out that there are still companies out there that will sponsor its employees to go to a school full-time. Yeah, that's right, FULL-TIME. For example, Intel is sponsoring 4 students in the MIT LFM class of this year, a huge number when you consider that that class consisted of only 48 students. The advantages of being sponsored are very clear - you get paid almost all of your salary (I believe Intel is paying 80% of its salary) while going to school full-time, Intel also covers all living costs+expenses. The most egregiously ridiculous thing that I heard is that those students are still accumulating vacation time, stock options vesting, and seniority while going to LFM, because they are still, technically speaking, Intel employees. I remember one of them telling me how, during her 2-month MIT winter break, she was accumulating Intel vacation days during that break. </p>
<p>Intel is not the only one that sponsors LFM students. Dell, Boeing, Hewlett-Packard, Ford, etc. have also sponsored students. Nor is LFM the only program to which sponsored students go. I know sponsored students that have gone to HBS, Stanford, Wharton, etc. So not only are these students getting their MBA's for free, in many cases, they're earning a salary while doing it. Not a bad financial deal. </p>
<p>Now of course, that's what's good about being sponsored. What's bad about is clear - in the case of the Intel LFM sponsorships, you have to sign an agreement to work at Intel for at least 4 years after you graduate from LFM, or else you have to pay Intel back. Not only that, but I know that it is also true that you don't get a substantial salary raise when you return to Intel (in fact, you may not get a raise at all), because Intel knows that you have to go back, so there's no reason for Intel to offer you more money. Contrast that with a regular (non-sponsored) MBA student that Intel is trying to recruit - Intel knows that this student can go work for somebody else and so Intel has to offer a competitive package. I'm sure the same thing is true of the sponsorships of other companies - you have to agree to be 'locked-in' to the company for a set amount of time.</p>
<p>It is that 'locked-in' nature of the sponsorship that repels people the most about the sponsorship. The fact is, a lot of MBA students at elite B-schools see the MBA (and rightly so) as a means of getting into high-flying fields like investment banking or management consulting. You can't just wake up tomorrow and simply 'decide' that you want to work in MC or IB. If you want to work in those fields, there are really only a couple of opportunities for you to get in - basically, either right after undergrad, or right after getting your MBA. If you don't get in at those times, you'll probably never get in. For this reason, plenty of people that I know that are getting their MBA's that aren't even really interested in MC or IB will interview for those jobs anyway, because they know that if they pass up the opportunity now, they will probably never have that opportunity again. So being sponsored basically means that one of the biggest reasons for getting an MBA in the first place has been extirpated. If you take the Intel sponsorship, then after going back and working for 4 years, you can't then just go to work for Goldman Sachs.</p>
<p>Hence, I know some people who were offered the Intel sponsorship, and refused to take it, because they valued their freedom. The takehome point is that if you take the sponsorship, you have to be sure you want to go back to your sponsoring company. If you don't, you're probably better off not taking the sponsorship. </p>
<p>I'm sure you will have to deal with the same issues if you are a part-time sponsored student. The UPenn EMTM program is not exactly cheap, so if you ask your employer to pay for it, you are probably going to have to sign a sponsorship contract, which will lock you in. Make sure that you can tolerate that. One of the saddest things I have seen are the faces of the sponsored students who see all the career opportunities available to their classmates but not them. Some times they regret their choice so much that they've requested their sponsorship to end. </p>
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My initial feeling is that once you get that M.B.A. and move into management, no employer is going to be very willing or open to helping pay for more technical knowledge. Does anybody have any opinions/suggestions on this?
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<p>I think what is far more accurate is that once you get an MBA, and especially once you get an MBA-type job, you will not want to get more technical knowledge. Hence, it's not the employer who won't pay for the MS, it's that you yourself will not want to get the MS. You will probably find the management/MBA track to be far more interesting and more lucrative than the technical track. You'll therefore probably be pushing your employer to send you to more executive-management training courses than to more technical courses. </p>
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Do you feel that going a less-common direction like this could be a disadvantage rather than earning a more-traditional M.B.A. and/or M.S.? Of course, the program you mentioned IS from Penn, so I'm sure it's graduates do quite well heh. But in general, do you think that doing something like this that may not be quite as "common" as a more traditional degree like the two I mentioned is a positive, a negative, or a wash - in so long as you've found a strong program with solid technical and business aspects?
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<p>MBA's are a funny beast because they rely so much on branding. Basically, if you have one of those 'alternate' master's degrees in management instead of an MBA, then you are going to find yourself at a great disadvantage in trying to get those traditional MBA-type jobs like consulting or banking, and you may also find yourself at a disadvantage in getting general management-type jobs. The reason I say that a lot of industries understand what an MBA is, but not too many understand what those alternate-master's degrees are. </p>
<p>Case in point - MITSloan used to never hand out MBA degrees. Instead, the degrees they awarded were the SM (Master's of Science) in Management Science. About 15 years ago, Sloan changed its policy to give its student an option of getting either an MBA or the traditional Sloan SM. Since that year, about 90% of its students have opted for the MBA. The reason was branding - a lot of companies simply didn't understand what an SM in Management Science was, but they did understand what an MBA was. The same sort of thing happened at the Yale School of Management, that used to offer a MPPM (Master's in Public and Private Management) degree, but recently rebranded it to the MBA. Consider the following quote:</p>
<p>"...many Yale students began to feel that nobody really understood what an MPPM was. As such, last year students were allowed to have their MPPM degree labeled as an MPPM or as an MBA. As of the fall 2000, the MPPM is now officially an MBA. Yale did not substantially change the curriculum content. It just changed the name. This demonstrates that at American Universities students can sometimes make a big difference, and it also underscores how important the MBA degree really is."</p>
<p><a href="http://www.intstudy.com/articles/mba4.htm%5B/url%5D">http://www.intstudy.com/articles/mba4.htm</a> </p>
<p>The point is, like it or not, an MBA is a well-understood degree, whereas the alternative management master's degrees are not. </p>
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Are the same opportunities generally availaible to someone with an M.Eng, or are some opportunities lost (or at least comprimised) by not pursuing both?
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<p>Again, I would have to argue that some opportunities are lost, especially the 'premier' MBA career choices like banking or consulting. Just speaking of the Penn EMTM program, I would argue that it is probably easier for a Wharton MBA student to get hired at Goldman Sachs than it is for a Penn EMTM student. </p>
<p>Now don't get me wrong. I'm not trying to steer you one way or another. If you have no interest in getting into consulting or banking, then it probably doesn't matter whether you get an MBA or some other management degree. If you like your employer and you can see yourself working for them for a long time, then getting a degree that allows you to advance in that company may be the best way to go, and the Penn EMTM may well be the best way for you to do that. I'm just throwing out ideas here.</p>