Is the MBA worth it? (2022)

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  • เผยแพร่เมื่อ 26 พ.ย. 2024

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  • @RyanCrandall
    @RyanCrandall  4 หลายเดือนก่อน

    Free Resume Resources: forms.gle/xS7KhU7UFFuE5YR8A

  • @TrapKingz.
    @TrapKingz. 3 ปีที่แล้ว +58

    Biggest key to success in school is to hang out around people who have the same mind set as you. This helped me tremendously in finding work and learning things in general!

    • @RyanCrandall
      @RyanCrandall  3 ปีที่แล้ว +2

      Exactly right!

    • @JackDaniels-ee1fo
      @JackDaniels-ee1fo 2 ปีที่แล้ว

      @@RyanCrandall Hey! Would you mind sharing what your job was while you were attending school, which then led to a promotion? Having that insight would really help have an idea of what the MBA is useful to

  • @JackDaniels-ee1fo
    @JackDaniels-ee1fo 2 ปีที่แล้ว +24

    I’m split between pursuing Law School or the MBA. I’m leaning towards the MBA because it’s much less demanding in terms of requirements, it’s far more affordable, and it’s attainable in half the time. Plus, there is no after-test like the bar to prepare for, and it’s applicable to anywhere in the US, whereas as an attorney you are restricted to the states in which you’ve passed the bar.
    The main question is this though: What kind of jobs is the MBA applicable to that you couldn’t get or would be much harder to get into with just a bachelor’s? The MBA sounds great as an opportunity to advance to another level and to network, but it also feels too broad to really be worth anything. I think the following joke could probably get the point across of what my concern is:
    “That’s great that you know how to handle PowerPoint, but we really need a brain surgeon”

    • @davidschlesinger8244
      @davidschlesinger8244 5 หลายเดือนก่อน +1

      I am in this same predicament, let me know what you decided!

    • @JackDaniels-ee1fo
      @JackDaniels-ee1fo 5 หลายเดือนก่อน

      @@davidschlesinger8244 I went for accounting and I’m now working at a Big 4 lol. It was the better decision for me 👍

  • @OGaurabless
    @OGaurabless 3 ปีที่แล้ว +15

    Thanks for the tips Ryan, I'm planning on doing a part-time MBA while working full time since work wants to pay for it. The programs I'm applying to aren't really prestigious but they are big state schools with over 100k (one with over 200k) alumni networks which is one big reason and another reason is to pivot internally with my company to a higher salary position.

    • @RyanCrandall
      @RyanCrandall  3 ปีที่แล้ว

      That's awesome! You got this!

  • @paulg6058
    @paulg6058 3 ปีที่แล้ว +154

    "hope everyones doing a great day"

  • @spooky_lights
    @spooky_lights 2 ปีที่แล้ว +6

    Thank you for this video! I just got my bachelors a year ago and after a year working, I really am considering getting an MBA. I want to get some more experience and really make my goals public so I can get some support. I feel like I have natural leadership qualities, but I want to learn more about how to apply that to a business field. Loved your insight on networking and the pros and cons of in-person business school vs online. Again great video!
    Cheers!

  • @jeremymoore145
    @jeremymoore145 6 หลายเดือนก่อน +1

    I hope it’s worth it. I’m going for my MBA this fall. I will be running a laboratory at a major metropolitan hospital. I’m already full time at my lab. I’m a little nervous but I know that I will be successful. I’m investing in myself.

  • @lillianli4674
    @lillianli4674 3 ปีที่แล้ว +7

    This video gives really practical suggestions about how to nail in your MBA! I can resonate a lot especially for networking part, and actively try different extracurricular activities, from my past master experience.

  • @acuna000
    @acuna000 2 หลายเดือนก่อน

    Pretty dope man. After 10 yrs in active duty mil I am searching for the best graduate MBA program in the Boston area that provides hybrid. This is super helpful to hear about your experience and advice prior to starting.

  • @perseverance86
    @perseverance86 3 ปีที่แล้ว +7

    What are your feelings about STEM to MBA? University of Alabama has a program where you can get your Engineering degree and MBA in 5 years.

    • @pranavpillai7778
      @pranavpillai7778 2 ปีที่แล้ว +4

      I think that STEM to MBA is usually unnecessary because people with degrees in tech, engineering, and math get good jobs with good pay easily. Science not so much. I think that it can be a good options if you want to switch careers. All depends on your goals. A degree is a piece of paper with an ultimate destinantion.

  • @aklepatzky
    @aklepatzky 3 ปีที่แล้ว +5

    Good video! Im starting my MBA in 2 weeks!

    • @RyanCrandall
      @RyanCrandall  3 ปีที่แล้ว +2

      That's awesome! Enjoy!

  • @nainaingleshwar6775
    @nainaingleshwar6775 2 ปีที่แล้ว +1

    This is so useful, and immensely helpful! Thank you for sharing the information. I always felt networking was underrated but it helped me get so many jobs in undergrad school. It's not what you know but who you know sometimes.

  • @dentakleen5204
    @dentakleen5204 2 ปีที่แล้ว +2

    The biggest mistake people make when doing an MBA is they do it to run a company. Most MBA programs are meant to get you a higher paying position than what you came in with. They are not meant to instantly get you a top paying position. I ended up getting a position that paid 50% more than what I previously was making but Im not an executive nor did I expect to be one. But most people in those programs expect the 100 to 200k salary shortly after completing the program (realistically, it would take at least 8 years after graduation to make that kind of money-in some cases 15 to 20 years).

    • @28goldenboy
      @28goldenboy ปีที่แล้ว

      What role did you get that wasn't executive with an MBA but still gave you a 50% salary increase? Was it manager at least? Or were you in investment banking?

  • @nog117
    @nog117 3 ปีที่แล้ว +7

    I have the same story as your into. I was on campus for two weeks withdrew immediately because I found an online option that was 60% less while curriculum and ranking for the online program was slightly better still both great schools. First two weeks networking was okay but I found myself networking better online through linkedin reaching out to alumni. Also networking is everywhere. As an online student you can study on campus if you have a nearby business school. Lastly, opportunity cost. Online route you can work and live anywhere increasing your income for 12-24 months increasing your quality of life and networking while working is also a huge opportunity and to me I perform better studying online without outside distractions and professors spending half the class talking about their dog and forgetting what chapter we are on but providing that standardized test.

    • @RyanCrandall
      @RyanCrandall  3 ปีที่แล้ว

      That's awesome, great find and great realization

    • @skateata1
      @skateata1 2 ปีที่แล้ว

      Can I ask which school? I plan to do mine online but I have nor started yet.

  • @shawn-dsz
    @shawn-dsz ปีที่แล้ว +5

    Starts at 8:00

  • @halietran73
    @halietran73 3 ปีที่แล้ว +1

    Thank you man. Appreciate your insight.

  • @ethanrausenberger2160
    @ethanrausenberger2160 3 ปีที่แล้ว

    This is what I needed to hear.

  • @beexy-c4z
    @beexy-c4z ปีที่แล้ว

    Thanks for making this video man. I think I'm pretty set on getting my MBA, but I have a huge caveat that I want to get your opinion on. I'm one of the people who can't really justify getting an MBA.
    I plan on moving states after I finish up college. I'm going in-state to save money, but my states finance sector is nonexistent so I gotta move. I don't want to doxx myself but it's basically a bottom 5 state by every measurement, so even ignoring work opportunities, I still want to leave. What this means is that while my college is #1 for the state I'm in, it's not relevant nationwide. And where ever I move to, I won't have any connections or networks.
    What is your advice on getting around this big weakness, if you have any? I could move states and get my MBA there, but I'd REALLY like to avoid out-of-state tuition. I'm a penny pincher like that. I want to get my MBA just to get that edge up on the competition and to be honest, just because I love the field of study so much. Thank you for getting around to this if you do.

  • @thecaroconcept
    @thecaroconcept 2 ปีที่แล้ว +1

    Thank you for sharing!

  • @naomialexander6020
    @naomialexander6020 ปีที่แล้ว +1

    Thank you!!

  • @rachelshimizu
    @rachelshimizu ปีที่แล้ว

    Thanks for sharing your insights on pursuing an MBA and tips on how to maximize it. I'm in my mid 30's and dabbling between pursuing an MBA or a MS and found this helpful. I'm looking to study in Europe or Australia, mostly for the life experience and immersing myself in a different culture/paradigm, but also in hopes of securing a job afterwards to live abroad for a few years. I believe AACSB is regarded as the top MBA accreditation in the US. The MBA programs that I was interested in abroad are IACBE, not AACSB. I was wondering how much weight the type of accreditation has post grad/job search, and if hiring managers actually care about it? Though my goal is to work abroad, I'd like the MBA to still hold value if I were to look for work in the US. Would love to hear your thoughts on this. Thanks in advance!

  • @peacearobieke
    @peacearobieke 7 หลายเดือนก่อน +1

    Great vid!

  • @saudarshi6916
    @saudarshi6916 3 ปีที่แล้ว +1

    Thanks for this great informative video

  • @samihdaifallah516
    @samihdaifallah516 2 ปีที่แล้ว +2

    I have a bachelor degree in Chinese and I do speak Arabic I don’t know what I want to do in my life but I am doing online MBA from the university of people but I don’t know what job I will get and I am also thinking about joining the Navy

    • @RyanCrandall
      @RyanCrandall  2 ปีที่แล้ว

      That sounds like a lot of great ambitions, you need to ask yourself what really excited you

    • @maryamishaq5807
      @maryamishaq5807 2 ปีที่แล้ว

      Samee

    • @maryamishaq5807
      @maryamishaq5807 2 ปีที่แล้ว

      Are u doing MBA in marketing?

  • @anjanahettihewa3625
    @anjanahettihewa3625 3 ปีที่แล้ว +1

    Thanx.. This was helpful.

  • @Shaktobengalee
    @Shaktobengalee 3 ปีที่แล้ว +1

    Awesome insights.

  • @zoezanyoh_
    @zoezanyoh_ 2 ปีที่แล้ว

    Oh this was great & super informative

  • @skateata1
    @skateata1 2 ปีที่แล้ว +1

    It sounds like the education is worth it for networking but the degree isn't worth it for money.

    • @RyanCrandall
      @RyanCrandall  2 ปีที่แล้ว +1

      Hi Kelsey, Yeah the money can be a little extensive, the network is key ("your network is your net worth"), shop around for different programs and see which ones have the highest success rate of job placement, internships, and people leaving the program :)

    • @unityaboriginelove6595
      @unityaboriginelove6595 ปีที่แล้ว +1

      @@RyanCrandall - my employment paid for my MBA, so it was worth it for me.

  • @alexam6150
    @alexam6150 3 ปีที่แล้ว

    Awesome info!!! Thank you!!

  • @jaimesmith1086
    @jaimesmith1086 2 ปีที่แล้ว +2

    Thanks Ryan for creating this video.
    I am wondering If I can get your thoughts on this:
    - I have been working for over 10 years and have been feeling stuck in my career.
    - During coffee chats, I was suggested to consider MBA or MS Computer Science (I don't have an undergrad in CS but saw there are some bridging programs out there for those who don't).
    Wondering what do you think about MBA vs MS Computer Science?
    - I think MS if usually for those who usually have around 2 years of work experience but may not be appropriate for those with more work experience.
    - I think with MS CS one tends to become a software developer writing code. Pays well but just writing code.
    - With MBA people usually tend to go into 3 buckets (consulting, IB/financial services & tech). My perception is that the work life balance of consulting/financial services isn't great and also getting there in mid 30s is tough but tech (product management seems to be the most popular role in tech post MBA, though the current tech economy isn't great with layoffs) seems more open with better work life balance.
    Would love to get your thoughts.

    • @RyanCrandall
      @RyanCrandall  2 ปีที่แล้ว

      Hey Jaime, this is a great topic, can you send me an email at ryan@summitssolutions.com, let's jump on a call together and I can give you some ideas :)

    • @jaimesmith1086
      @jaimesmith1086 2 ปีที่แล้ว +1

      @@RyanCrandall Thanks Ryan, just sent the email.

  • @SuraDoes
    @SuraDoes 2 ปีที่แล้ว +5

    I want an MBA so I can prepare to start my own business after gaining some real world experience.

    • @ImJiom
      @ImJiom 2 ปีที่แล้ว +6

      or you could just save the money and apply it to starting your business right away

    • @onlyfoolriding8223
      @onlyfoolriding8223 2 ปีที่แล้ว +1

      Waste of time. You do not learn how to run a business from an MBA. You learn how to run a business by running a business. You won't magically start a successful business because you have an MBA. You are deluding yourself.

    • @unityaboriginelove6595
      @unityaboriginelove6595 ปีที่แล้ว

      @@onlyfoolriding8223 - I would add that having an MBA does validate your credibility for running a business even though it's not 'needed'.

  • @moodboosters1019
    @moodboosters1019 3 ปีที่แล้ว

    Such amazing tips

  • @TechViking
    @TechViking 3 ปีที่แล้ว

    Good information man!

  • @wassupr.7930
    @wassupr.7930 3 ปีที่แล้ว +1

    Thank you so much

  • @waveexplorer0508
    @waveexplorer0508 3 ปีที่แล้ว

    Very informative thank you

  • @XTen1000DaysX
    @XTen1000DaysX 2 ปีที่แล้ว +3

    Great video and good advice, I have a few questions tho. I'm 28 going to college for the first time (I'm almost done with year 1) I have a 3.8gpa.
    If you don't get a STEM degree it seems like you won't get a job easily. Tons of people make low low 30-50k jobs with a MBA or business degree. Maybe irs over abundant and rendered useless now?
    Second, I want to work on wallstreet as a analyst or trader. What can I do to pursue that? Is finance or MBA or economics reasonable? Can I give to a ivy league school?

    • @JackDaniels-ee1fo
      @JackDaniels-ee1fo 2 ปีที่แล้ว +2

      Hi Josh, in my personal experience and observation, it would seem like the only business degree that is actually in high demand within the job market would be accounting.
      To work as an analyst or trader is seemingly extremely hard to get into without someone in your network to pull you in. Especially for Wall Street. Also, you might need to take the series 7 exam.
      I love economics, but it’s useless for finding a job unless you go all the way to PhD and become a professor. It just helps improve your perspective and understanding of how the world works, but it doesn’t give you any particular skill. The MBA also seems to suffer from this. My advice regardless of what you decide, if you would like to stick with looking for an employment opportunity in business, would be to pursue a job in a new venture. I heard they tend to be more flexible with their standards, and you can use the experience to try to eventually jump into a better firm, or choose to stay and grow with the new venture. I would also recommend looking for a place to volunteer in teaching about whatever major or career you want to get into, in order to develop some experience for your resume. Good luck!

  • @da4441
    @da4441 2 ปีที่แล้ว

    "...a lot much more better."

  • @FadliBKL
    @FadliBKL 3 ปีที่แล้ว

    Thanks for sharing 👌🏻👌🏻👍🏼

  • @krishnasamandhayala2584
    @krishnasamandhayala2584 ปีที่แล้ว

    What are your thoughts about MBA program at UCLA Anderson?

  • @greenthumbstrummer
    @greenthumbstrummer ปีที่แล้ว

    Will an MBA degree get me a date with anyone's mom?

  • @santoslimon306
    @santoslimon306 2 ปีที่แล้ว

    Do you have a video that discusses how to make a better resume?

  • @RobertJames-x6m
    @RobertJames-x6m 10 หลายเดือนก่อน

    Does it matter where you completed your MBA?

    • @RyanCrandall
      @RyanCrandall  10 หลายเดือนก่อน

      Overall Yes for the best opportunities

  • @v.revanth979
    @v.revanth979 2 ปีที่แล้ว +1

    Sir , Which is better .... Doing an MBA after degree or doing MBA after 2-3 years of job , will companies accept that !

    • @JackDaniels-ee1fo
      @JackDaniels-ee1fo 2 ปีที่แล้ว +3

      I think adding work experience to the degree is better than just having the degree

  • @hillaryclinton2415
    @hillaryclinton2415 2 ปีที่แล้ว +2

    As part of a group of engineers, the most fun we had in uni was turning to the final part of MBA books and solving every problem with no study whatsoever.

  • @TrapKingz.
    @TrapKingz. 3 ปีที่แล้ว

    Im working entry level right now in the Finance department for a utility company in a pretty important role and I absolutely love everything about the company but the utilities industry is not very attractive to me. I would really like to make the move eventually to an aerospace company or anything related to aviation. Every company needs financing some way or another so I don’t see a problem in making the move. Do you think it’s viable to make this move if Im still at entry-level? Or should I get an MBA that would highlight my possibilities of making this move?

    • @RyanCrandall
      @RyanCrandall  3 ปีที่แล้ว

      Yes, it's possible but you still need a solid plan of transition. Feel free to reach out to me via email and I can give more insight on this

    • @TrapKingz.
      @TrapKingz. 3 ปีที่แล้ว

      @@RyanCrandall you wanna do Linkedin ?

    • @RyanCrandall
      @RyanCrandall  3 ปีที่แล้ว

      ​@@TrapKingz. sure thing, my linkedin should be in the channel description

    • @skateata1
      @skateata1 2 ปีที่แล้ว

      I'm also planning to do MBA Finance online. I've worked in financial aid at a university for 3 years but I'm still terrified that I'll fail.

  • @user-xq5rp9fm1p
    @user-xq5rp9fm1p ปีที่แล้ว

    Where did this guy go to school?

    • @RyanCrandall
      @RyanCrandall  ปีที่แล้ว +1

      Haha, you can look me up on Linkedin if you want... it's in San Diego. :)

  • @geraldrandom5917
    @geraldrandom5917 ปีที่แล้ว

    Is it worth to do an mba after 35 ?

    • @RyanCrandall
      @RyanCrandall  ปีที่แล้ว +1

      Oh yes, some of the best people I met in the MBA program were over 35

    • @geraldrandom5917
      @geraldrandom5917 ปีที่แล้ว

      @@RyanCrandall thank you

  • @bonquiqui874
    @bonquiqui874 2 ปีที่แล้ว

    What mba program did you attend?

    • @RyanCrandall
      @RyanCrandall  2 ปีที่แล้ว +1

      Hi Aliyah, I did my MBA at SDSU with an emphasis in International Marketing

  • @candidyamskickback5514
    @candidyamskickback5514 2 ปีที่แล้ว

    Hey how do we contact you Ryan

    • @RyanCrandall
      @RyanCrandall  2 ปีที่แล้ว

      Sure thing, ryan@summitssolutions.com

  • @dharmendrasharma6530
    @dharmendrasharma6530 3 ปีที่แล้ว

    Hi

  • @dharmendrasharma6530
    @dharmendrasharma6530 3 ปีที่แล้ว

    Do you give good advice?

  • @yousefali4980
    @yousefali4980 3 ปีที่แล้ว

    You do old