Is obtaining an MBA through a 5 year accelerated program and then going into the workforce a better option compared to just getting a bachelor's in 4 years then working?
I am trying to decide between getting my MBA in 5 years in an accelerated program or waiting until my company or myself can pay for online courses for an MBA while I am working a year or two after obtaining my bachelor's degree. I am interested in hearing feedback from business professionals who may have done either route to explain why one is better than the other in today's society. #mba #business
Personally I completed my Undergraduate Degree (Electrical Engineering), started a job, and then began my MBA the first summer I was working. I was lucky in that the program I went to had a variety of students. There were some who had just finished their Undergraduate and went straight into Graduate school. Others had been out a few years and were going back. There were also a few that were 50+ years old and took 20+ years between degrees. This variety of experience was a great asset to my learning as we got varying perspectives.
The pros of going straight into Graduate school are that you can focus on the degree. Your study habits are already on point and you continue on. Job placement with the colleges is also helpful.
The pros of starting a career first is that your company may pay part of it (generally speaking about $5K a year seems to be standard). You also have work experience and/or scenarios to pull from while studying.
Either direction is a good fit for most people. Good luck on whichever path you take!
Yes, get the 5 year degree. An MBA translates to 10% more money annually and serves as a notable differentiator on a resume. Given two similar candidates, the one with the MBA will most likely get the job.
Many people leave university with the intention of returning later but then never do. Honestly, an MBA would be more insightful with 10 years of work experience but it's really hard to find a way to integrate school with work. Better to get the MBA now before you life gets more confusing.
I would do the 5 year program. It will save you time and money. Life happens and it will be harder to stop your life and go back later. Try to find out if you can get the undergrad degree conferred while you are finishing up your final year in the program. You may want to have it in hand just in case.