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Is an MBA worth pursuing immediately after undergrad?

#finance #double-major

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Subject: Career question for you

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Rebecca’s Answer

In MBA curriculum, it involves a lot of discussion and case study on the real life scenarios. With working experience, that can help you to understand the theory and rationale behind the discussion and case studies. The can help you benefit most from the course.

I would recommend you enter the Business School after having a few years working experience.
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Justin’s Answer

Hi Hannah,


While many college graduates pursue a masters degree immediately, it generally is worth waiting to pursue a Masters in Business Administration. Working for two or more years before starting an MBA program can help you decide which area of business you would like to focus the rest of your career. Further, most employers who grads from MBA programs want to see prior work experience. Thus waiting to go for an MBA can help you better target future job opportunities and make it easier to build a satisfying career.

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Billy’s Answer

The answer depends on several factors. First, what is the return cost going to be? Will the position you have in the future provide additional compensation or make an MBA a requirement? Having an MBA doesn't necessarily make a person the best candidate for a position. Experience in the field of study, determination and education are all something to consider before pursuing an MBA right after your undergrad. My thought would be to enter your field of study, gain some experience and if there would be a return of the investment of pursuing your MBA then go for it. Otherwise, you have a piece of paper that some may or not pay off in the long run.

Billy recommends the following next steps:

Which job field are you interested in?
What are the position requirements?
What is the ROI of an MBA?
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Don’s Answer

If you know the school you'd like to attend ask them. I am sure it depends on the field. Mostly likely, schools will prefer two years of real world experience. This will help in your application too as you will be able to talk about real life experiences supporting your candidacy. Most importantly, you will mature and be a better candidate. I was a less than focused undergrad. Two years later and two professional years under my belt, I was focused and motivated. And for sure, you will have a better idea on your interests and career path.
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Steve’s Answer

A lot depends on your individual situation. There's a strong case to be made for having at least 2-3 years of full-time career employment under your belt before starting an MBA program, because most of them have an experiential focus that really builds on the real life situations. Another reason: Many larger employers have educational assistance programs and you might be able to get them to pay for some or all of your MBA expenses.

Of course, you may have personal reasons why diving right in after your undergrad degree makes sense. Perhaps you have a scholarship that you need to leverage, or other financial considerations. Or your undergrad program offers some type of link or joint experience with their MBA program.

Your best bet is to talk with academic counselors at some of the MBA schools you are considering, explain your situation and goals, and see what they recommend.

Good luck!

Steve recommends the following next steps:

Research MBA schools that you are interested in.
Contact academic couselors there and talk to them about your situation to see what they recommend.
Consider if waiting until you are employed and then going back to school is something you would be motivated to do.
Look at your financial situation and weigh the benefits of going now vs. later.
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