I live in Texas. I have a good chance of getting into Texas A&M University or The University of Texas, however they require 2 years post-graduate work experience. The benefit would be the alumni network and the prestige.
I can get into Texas State University (where I am doing my undergraduate) and get as good of an education as Top 50 schools. The alumni network is arguably just as good, I would have my MBA sooner, and it is affordable.
Depends on why you need a MBA for. If it is for a promotion at work, then probably not. If it is to change jobs, then yes.
Then again it’s probably best to wait until you get 2 years of post-graduate work experience first nonetheless.
There is a reason that the good MBA programs want you to have worked first. You will get much, much, much more out of the program. When I did my MBA it was the last year they took people straight from undergrad. About half the class came straight through and about half had worked 2-4 years. The difference was huge and visible in the classroom, was huge and visible when we were getting jobs at the end, and when I talk to some of my former classmates who had come straight through but have now worked for a bit most of them will say that they wished they had done it later- because they would have gotten more out of it. Some of them are going back and doing exec MBA type courses.
But, as Catria says: it depends why you want it. You hear it more often about law school, but it applies to business school as well: it is an investment of your time and your money. If you don’t have a good, clear, reason for making that investment, don’t. Having an MBA just to have one, from a third or fourth tier school, will only help you so much- and in some fields it won’t help you at all.
It also depends on whether you ever plan to leave Texas. If you plan on staying put it will matter less.
And of course, as we all know, there are lots of extremely successful business people who have never studied business at any level. It’s neither a passport or a guarantee.
As mentioned above, it really depends on a variety of factors: regional wants, career aspirations, fields (e.g.finance, IT, HR, Mgmt, Supply Chain, Logistics…etc), and what scores, grades and experience do you bring to the table?
Now, if you are talking H Bschool, Wharton or Stanford, well, I would say, your application has to be fairly pristine. Very high GPA, top gmat scores, and some appreciable work experience.
Thanks for your replies.
I plan to get my MBA because I want to go into the business side of aeronautics, and having an MBA will help me advance to where I want to be in my career long-term.
I have another question: Do universities come to you if you score a very GMAT like law schools recruit? I’d like to know because I know I have to be selective with which schools I apply to since I only have so many letters of recommendation.
Take the GMAT first, and then you can make a qualified decision on what schools you fit from a GPA/score vantage.
Look at wallstreetoasis , it’s a forum geared towards people working in finance
If a Top-50 school comes to me that’s out-of-state (anywhere outside of Texas), is it worth going to due to the debt?
I would suggest working for a few years and then determining if you want to ( or even need) to go to B School.
i second the recommendation to work for a few years and get some experience and then decide if you want an MBA–at that point you should know how an MBA fits in with your career goals. Also, after you take the GMAT, you will have a better sense of what programs are open to you. The way to have the most choices of
B-schools is to get work experience (at least 2-3 years), score well on the GMAT, and have a strong (high GPA) undergraduate record.
Yes if you do well on the GMAT or the GRE universities will contact you if you gave them permission. You should do fine if you did well on the SAT or ACT.
By the way, how do you have a good chance of getting into UT or TAMU if you haven’t even taken the GRE or GMAT nor worked?