September 17, 2009, 5:00 am

MBA Definition

by: The Financial Blogger    Category: MBA
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finishing line

finishing line

One day, you wake up with an idea; you are going to grab your backpack, your best pair of shoes and you’re going to leave the house for a 2 year walkabout. You are not exactly sure where you are going but you have a map. You do not really know what you need to put in the backpack but hope to figure it out along the way. You had briefly discussed the project with your spouse but nobody really knows what will happen during those tortuturous months ahead. It seems very promising and full of challenges, so why not get an MBA?

MBA definition:

MBA are three letters that your manager hopes to achieve. Master of Business Administration. It does sound nice, doesn’t it? This is the kind of title you want beside your name on a business card. Or at least, some people do. Unfortunately, I have another way of seeing things. According to me, it is just three letters and another piece of paper to put on my wall. It wasn’t easy; don’t get me wrong, I earned those three letters through hard work and many a sacrifice. But in the end, has it really made me a better manager (to be?) or a superb employee? I am not quite sure about that.

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So why did you do an MBA?

I have always believed in plan B. When things go wrong, you need to move to plan B easily and keep on truckin’. You can’t afford to simply wait, depressed and balling your eyes out if you lose your job. It is my responsibility as a husband and father to help ensure my family has all the necessities. This is why I have felt the need for a plan B.

I had decided to do an MBA before I became a financial planner (doing my CFP exams was actually my plan B back then ;-) ). At that time, I was the senior on my team in our department at the bank and was promised a great career there. The management team saw, in me, their next manager. Since I didn’t want to miss my chance, I decided to register in the MBA program. It was to further my interest in joining the management ranks (I really felt this way back then) and the bank was willing to pay my tuition in the meantime. This was a win-win situation.

In the middle of the MBA, I decided to change career paths and become a financial planner. Nonetheless, I had decided to finish the MBA since I rarely quit projects once having started them! In addition to that, the famous 3 letters were to give me additional credibility in front of clients. They were more inclined to listen to my advice knowing I was getting an MBA in financial services (I guess this is due to my relatively young age. As who was I to tell them what to do with their money ;-) ).

This week, our team finally submitted our the latest version of the final paper. This is actually the 3rd time and I expect to not invest another single minute on this paper. Hopefully, the 3rd attempt will be the one! So, now that I have completed the program, here is my own definition of the MBA program:

Achieving an MBA is rewarding as people usually give it great credibility.

It is also working on your stuff on a Friday night or Saturday morning while your kids are playing with your spouse. It is entire spending weekends in class or taking vacation days to study.

Having an MBA assures you of a certain employability if anything goes wrong at your current job.

It is also rushing like a fool in a gold mine to succeed at work while trying to get good marks at the same time.

Getting an MBA helps develop a huge network with the “right” people.

It is also being disappointed in humanity when some of your class mates cannot ever arrive to class on time or make presentations without obvious typographical errors. Not everyone in the class deserves the recognition that comes with the MBA but all of them will get it anyways.

Completing an MBA ensures you learn from your classmates and gives you the opportunity to build true friendships.

It is also a pain to manage people, supposedly on your team, that you don’t get along with and try to survive deadlines with these people when they don’t really care about the effort required.

Finally, finishing an MBA takes only a few seconds as time zooms by at the speed of light.

But every single moment seems to last an eternity at the same time!

In the end, I would say that the most important thing is to make sure your spouse and children understand. Getting an MBA is a full body experience and can take over your life and their lives too! It is a great experience but like any step in life where you learn something, it is not easy.

I have received several individual questions about the MBA program so far. I am always glad to answer your questions :-D Just drop me an email at thefinancialblogger at gmail dot com.

***final edit***

I GOT AN “A” IN MY LAST PAPER AND I AM OFFICIALLY DONE AS OF THIS MORNING…YEAH BABY!!!!!!

image source : Kevan

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[...] Financial Blogger discusses the pros and cons of effort an MBA, which he scholarly along the [...]

[...] Financial Blogger has an MBA definition. [...]

by: Helen Warwick | October 5th, 2009 (6:38 am)

A Master’s Degree: The Quintessential Career Booster

Opting to delay your entry into the workforce and enhancing your skills by pursuing a master’s is a sure-fire investment into your future

Landing your dream job after graduation sounds like a Hollywood fantasy movie plot. If it sounds too good to be true, it usually is. Waiting years before achieving a career milestone or taking a detour from your desired career track is the norm.
Take it from us at Hult, boosting your education to the master’s level makes you far more irresistible to potential employers. Not only does it demonstrate your intelligence, but it proves you have a strong understanding of your chosen field.

The crunch effect
The recession appears to have created a buzz about further postgraduate study. Indeed there has been a sharp increase in the number of applications for master’s degrees – people are trying to make the best of the economic crisis, and enhancing their employability for when the economy rebounds.

And the good news is, the job outlook for graduating master’s students is looking very positive. CollegeGrad.com, the number one entry-level job site in the US, reported that employment opportunities for those with a master’s degree were expected to soar by 22 per cent over a year. In addition 59 per cent of companies participating in one of its surveys were preparing to hire more master’s graduates in 2008 than 2007. Heidi Hanisko from CollegeGrad.com said: “Those with master’s degrees offer a level of education that can be the equivalent to as much as two or three years of experience in the field. Employers find that master’s candidates have a greater level of technical and field expertise that can bolster a company’s competitive stance in the industry.”

If you are thinking of taking advantage of the fantastic employment prospects for people with a master’s, Hult offers an excellent portfolio of Master’s programs, including the highly acclaimed Master of International Business, Master of International Relations and Master of Finance. Not only do they provide a thorough grounding in theoretical concepts, we are also pivotal in giving you real-world experience. A large segment of our faculty are active directors of corporations, consultants or managers, bringing their prized experiences and insights into the classroom. The strengths of the Hult programs have also been reflected in the global rankings, placing us at #31 in the World according to the Economist Intelligence Unit and #6 for International Mobility by the Financial Times.

Journey to the top
There is little point in beating around the bush – business today can be cutthroat and ruthless. We, at Hult, are only too aware of some of the challenges that face recent graduates. We have been educating business leaders since 1964 as the Arthur D. Little School of Management, and we evolve our courses to fit with global demands and circumstances.
Our Master of International Relations is a perfect example of this. The field of International Relations continues to develop rapidly in response to dramatic global changes. Students of this program will develop the skills to analyze these issues, and learn how to shape institutional responses to global change.

Furthermore, unlike many master’s courses, our Master of International Business has been carefully crafted to meet the requirements of recent graduates, without the need for extensive work experience. Following our top-ranked MBA curriculum, graduating from this course will open numerous doors at a variety of multinational companies.

Your career progression
Many students embark on a master’s in the hope they will take on a lucrative position following graduation – they are not wrong. According to QS, a leading network for people in higher education, evidence that students with master degrees earn more than those with undergraduate degrees is rife. The QS International Recruiter Survey 2007, an annual survey involving 498 international employers in North America and Asia, illustrates that the salary difference between an employee with an undergraduate degree and a postgraduate qualification can be as much as 71 per cent.

A school in the know
So why choose Hult International Business School to take your master’s? Despite being an American school, we have campuses in four business hubs – Boston, London, Dubai and Shanghai – giving you the chance to transfer between locations. This has lent to our student body being truly international. Students flock to Hult from North America, Asia, Europe, Latin America, Africa and the Middle East – from more than 60 nations to be precise. It really is the quintessential platform to profit from and learn cultural sensitivity, something which is becoming increasingly important in today’s business market.
We also pride ourselves on our global faculty with outstanding academic credentials combined with real-life experience, as well as our expert career services team. Not only that but a Hult degree opens graduate career opportunities in a wide range of companies, who in the past have included JP Morgan, McKinsey & Co, Johnson & Johnson, Master Card, PWC and Procter & Gamble.

We are determined to give you the precise and comprehensive foundation so desired in your career choice. Whichever course you opt for, you can be certain of one thing – completing a master’s degree at Hult International Business School will boost your career prospects and, without question, differentiate you from thousands of others in the race for a successful career.

http://www.hult.edu

Having an MBA doesn’t guarantee anything but it sure does look nice on the office wall! I got one myself from Berkeley.

Cheers

[...] I did my MBA back in 2008-09, things weren’t always rosy with my wife. We just had our second child and she [...]