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@Edmonton

5)YOUR INVESTMENT OF TIME AND MONEY

beautiful-life(就快解放了)
本文发表在 rolia.net 枫下论坛So far, you have determined one or more
interesting industries or job functions,
and you have gathered information from
individuals in those fields. This information
has shown you the merits of an
MBA degree.

The next step is to evaluate the financial
implications of your potential MBA
investment. Graduate school is likely to
be the most substantial investment you
will ever make in yourself. Given that
70% of MBAs borrow funds to pay for
their education, ask yourself if you are
willing to make a similar commitment.
Before proceeding further, you must
weigh the costs and benefits of pursuing
an MBA.


COSTS:
• Look at the total tuition cost required
to complete the degree. This cost may
be offset by any scholarships you may
receive based on your relative competitiveness.
Note: If you are planning to
pursue your degree anywhere other than
in your country of citizenship, your
associated costs will be higher. Keep in
mind, if scholarships are not available
to you, your ability to borrow might
be severely limited both in your home
country and in the country where you
wish to study.
• Weigh lost income against improved
job flexibility and the ability to return
to the job market at a higher salary.
• If considering a part-time program,
weigh the value of remaining employed
and spreading out tuition payments
against the prospects of staying at a
pre-MBA salary longer. Also consider
whether tuition reimbursement (if
offered by your employer) is worth the
obligation and reduced career mobility.
• Anticipate loan interest and principal
repayment schedules.
• If applicable, factor in relocation
expenses and the differential in living
expenses once you are in school.
• Do not forget MBA school search and
job search costs, including application
fees and corporate networking visits.



BENEFITS:
• The education opens doors to a range
of employment opportunities across
industries.
• The degree provides a foundation for
upward career mobility and expanded
management responsibility.
• An MBA program teaches you how to
increase your marketability.更多精彩文章及讨论，请光临枫下论坛 rolia.net
(#683161@0)
Last Updated: 2002-8-9
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Replies, comments and Discussions:

  • 工作学习 / 求学深造 / 正在搜索MBA的信息, 贴一个关于如何选择MBA的文章: 1)JUST WANTING AN MBA IS NOT ENOUGH -beautiful-life(塞翁失马); 2002-8-2 {2092} (#669854@0)
    本文发表在 rolia.net 枫下论坛The strongest candidates competing
    to gain admission to graduate business
    schools are focused on their careers;
    they are clear about what is needed to get
    there and what it takes to be successful.

    Can you compete favorably?
    The only way to answer this question
    is to go through a self-assessment process
    that will help you identify your personal
    and career goals—prior to looking at
    business schools (b-schools).

    The MBA is a professional degree
    designed for people who need formalized
    training across the business disciplines, to
    capitalize on one or more specific areas
    of business. The MBA program length is
    too short to provide you with sufficient
    time to discover an affinity for a particular
    business profession
    while in school. Therefore,
    b-school admissions counselors
    expect to see
    evidence of your professional
    interests to ensure
    that you will take full
    advantage of the MBA.

    Following are a few sure signs that you
    are not ready for b-school:
    •When asked about post-MBA career
    aspirations, you give vague responses
    such as: “I want to manage people,”
    or “I want to be in management.”
    • You do not have a clear idea what to do
    with, much less without, an MBA.
    • You seek to avoid the job market by
    buying additional time in school, in an
    attempt to determine what to do.

    Exhibiting undirected thinking or
    behavior might prevent you from gaining
    admission to an MBA program. More
    importantly, you will limit your return on
    investment if you blindly choose a school
    or are ill-prepared to take advantage of its
    educational opportunities. The MBA is
    very different from other graduate degrees,
    in which academic promise is considered
    paramount in the admissions process. At
    a minimum, b-school admissions officers
    consider career history and aspirations,
    evidence of leadership potential, and academic
    achievement. Therefore, the typical
    MBA candidate has several years of fulltime,
    post-undergraduate work experience
    in some responsible capacity.
    who present themselves and
    their credentials well.更多精彩文章及讨论，请光临枫下论坛 rolia.net
    • 2) EXAMINE YOUR GOALS: DO A SELF-ASSESSMENT -beautiful-life(塞翁失马); 2002-8-2 {1217} (#669859@0)
      本文发表在 rolia.net 枫下论坛A good self-assessment process will help
      you establish specific career and educational
      goals that utilize your strengths
      and address weaknesses. Lacking specific
      goals, you will be searching for a school
      without direction. How will you eliminate
      options, much less make a choice you will
      be happy with in the end? How will you
      determine whether the MBA experience
      was a good value? Whenever you are
      considering major changes in your life,
      self-assessment can help you clarify your
      goals and make wise decisions.

      Develop clear answers to the following
      questions:
      • Why do you want or need an MBA?
      • Do you have evidence from people in
      your chosen field that the MBA is a
      logical next step for you?
      • Do you have natural aptitudes that
      others notice? Do those skills lend
      • Do you feel strongly about some function
      and/or industry within business?
      • Do you need any additional resources
      (training, financial, personal, or professional)
      to achieve your long-term plans?
      • Are you ready to be a student again? Do
      you have the discipline and drive?
      • How will you fund your MBA education?
      • If you do not pursue an MBA, what are
      your options?更多精彩文章及讨论，请光临枫下论坛 rolia.net
    • 3)Rewards and Risks of MBA ( S E L F - A S S E S S M E N T and D I R E C T I O N) -beautiful-life(就快解放了); 2002-8-9 {2141} (#683108@0)
      本文发表在 rolia.net 枫下论坛REWARDS OF GOOD PLANNING,
      S E L F - A S S E S S M E N T A N D D I R E C T I O N :

      • Identifying b-schools that correspond to your
      interests and aptitudes especially in curriculum,
      placement, and reputation.
      • Establishing a clear direction on which courses to
      take, which faculty relationships to cultivate, which
      companies or industries to research and track, and
      where you need to network. Moreover, because you
      can identify the critical elective courses early, you can
      acquire the appropriate knowledge to showcase technical
      skills required for specific job interviews.
      • Developing rewarding relationships with classmates
      who share your interests.
      • Achieving a significant return on your investment of
      time and money in an MBA education.



      RISKS OF INADEQUAT E P L A N N I N G ,
      S E L F - A S S E S S M E N T A N D D I R E C T I O N :

      • Enrolling in one b-school only to realize that
      another school would have better suited your
      objectives both academically and professionally.
      (Note: Most b-schools do not readily accept transfer
      candidates, much less course work.)
      • Remaining undecided when you must choose your
      concentration of study and register for elective
      courses. (See Aligning MBA Functional Specialties
      with Career Paths, page 8.)
      • Deciding on your career goals too late—resulting in
      missed MBA job opportunities.
      • Failing to develop a network of professionals in your
      chosen field.
      •Wasting valuable time and money in the hopes of
      figuring out what you want to do.





      Yes, MBAs earn big money, but…

      MBAs are prepared to be
      accountable for employees,
      budgets, deadlines, and other
      major responsibilities. Are you?

      Higher incomes carry with them
      greater risks associated with
      increased responsibilities. MBAs
      know that their jobs are on the line.

      Employers expect MBAs to
      produce stellar work and maintain
      demanding hours.
      Most MBAs accept all of the above
      demands because they are truly
      interested in their fields. Pursue
      your business interests first, and
      the money should follow.更多精彩文章及讨论，请光临枫下论坛 rolia.net
    • 4)NETWORKING IN THE BUSINESS WORLD -beautiful-life(就快解放了); 2002-8-9 {1021} (#683141@0)
      Perhaps the best way you can prepare
      yourself for potential careers is to talk to
      people who are doing the type of work
      you might want to pursue. This process
      is called “informational interviewing.”

      The value of informational interviewing
      is that you are not under any pressure
      to sell yourself as you would be in a job
      interview. You are simply using the meeting
      as an opportunity to get advice and
      information on possible career paths.
      Professionals, who may be less willing to
      talk to you as a job applicant, will often
      take the time to share their experiences
      and offer advice as you move through the
      b-school process.

      As you near MBA graduation, individuals
      in your network should know you
      well and may assist in your job search.
      In the early stages of networking, you
      should cultivate at least one mentor.
      At this stage, it is not necessary for you
      to know the job you want with 100%
      certainty, but you must at least have some
      direction. If not, you are not ready for
      business school.
    • 5)YOUR INVESTMENT OF TIME AND MONEY -beautiful-life(就快解放了); 2002-8-9 {2183} (#683161@0)
      本文发表在 rolia.net 枫下论坛So far, you have determined one or more
      interesting industries or job functions,
      and you have gathered information from
      individuals in those fields. This information
      has shown you the merits of an
      MBA degree.

      The next step is to evaluate the financial
      implications of your potential MBA
      investment. Graduate school is likely to
      be the most substantial investment you
      will ever make in yourself. Given that
      70% of MBAs borrow funds to pay for
      their education, ask yourself if you are
      willing to make a similar commitment.
      Before proceeding further, you must
      weigh the costs and benefits of pursuing
      an MBA.


      COSTS:
      • Look at the total tuition cost required
      to complete the degree. This cost may
      be offset by any scholarships you may
      receive based on your relative competitiveness.
      Note: If you are planning to
      pursue your degree anywhere other than
      in your country of citizenship, your
      associated costs will be higher. Keep in
      mind, if scholarships are not available
      to you, your ability to borrow might
      be severely limited both in your home
      country and in the country where you
      wish to study.
      • Weigh lost income against improved
      job flexibility and the ability to return
      to the job market at a higher salary.
      • If considering a part-time program,
      weigh the value of remaining employed
      and spreading out tuition payments
      against the prospects of staying at a
      pre-MBA salary longer. Also consider
      whether tuition reimbursement (if
      offered by your employer) is worth the
      obligation and reduced career mobility.
      • Anticipate loan interest and principal
      repayment schedules.
      • If applicable, factor in relocation
      expenses and the differential in living
      expenses once you are in school.
      • Do not forget MBA school search and
      job search costs, including application
      fees and corporate networking visits.



      BENEFITS:
      • The education opens doors to a range
      of employment opportunities across
      industries.
      • The degree provides a foundation for
      upward career mobility and expanded
      management responsibility.
      • An MBA program teaches you how to
      increase your marketability.更多精彩文章及讨论，请光临枫下论坛 rolia.net
    • TIP: Use your network and informational interviews to determine: -beautiful-life(就快解放了); 2002-8-9 {646} (#683177@0)
      • if a certain career path still
      seems appealing to you after
      learning more about it;
      • if an MBA seems essential,
      or helpful, to individuals in
      that career path;
      • whether a particular type
      of prior work experience
      or MBA internship seems
      important;
      • what gaps exist in your
      background, experience, or
      training that could prevent
      you from achieving your goals;
      • if there are ways to enter
      your chosen field without
      an MBA;
      • what expectations and
      preferences employers in
      a particular industry may
      have; and
      • how to fine-tune your
      career plans and related
      school objectives.
      .

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