MBA: Is It Right For You?
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- เผยแพร่เมื่อ 1 ต.ค. 2024
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Watch this video very carefully before you make such an important decision to enroll in an MBA program.
Let me start with the punchline;
MBA… definitely, absolutely, without a doubt, 100% boosts your career. Whoever doubts this, is either incredibly incompetent or has a different agenda.
So your starting point shouldn’t be whether its valuable. Because it is. But your starting point should be whether its valuable enough that justifies your actual money and time investment, and the opportunity cost you create by not working for 2 years.
So, let’s find out if an MBA degree is right for you.
The way I see it, you gain 2 types of returns by having an MBA degree;
First one is that you learn. You obtain sort of a cohesive understanding of how business works. You learn everything from marketing to business strategy to corporate strategy to accounting.
And the second benefit is that You get an increased salary from your current employer. Or get a new job with a higher salary in a new organization.
So, let’s talk about them one by one. And see if they are really as beneficial as you may think.
By the way, I do have an MBA degree. In fact, it’s from one of the top 10 business schools in Europe, It’s Cass Business School of City University London. I graduated in I think 2012. I was 29 years old at the time.
My experience is a great case study for you because you’ll hear about not only the short term benefits but also long term benefits of the program. So, please pay attention.
Let’s first start with the Education.
Now, in an MBA degree you definitely learn a few things that you didn’t know before. But I certainly doubt you’ll learn enough to justify the investment. You will not learn anything that you can’t learn from books.
Do you want to learn strategy? Good go read Michael Porter’s books, wanna learn Marketing good go find experts in the field and read their books. Your professors will teach the same stuff just more filtered, condensed, and presented with slides and case studies. So, the value isn’t really in the knowledge.
MBA is too general for it. It may give you that cohesive business understanding but not specific enough so that you can develop strategies to win. MBA is like a milewide but inch deep. You’ll know about segmentation, positioning, fine.. but that’s just too high level. That’s not what is needed for majority of corporate professionals to win. Or for entrepreneurs. For example, you learn general marketing, like; positioning, segmentation in MBA, but in real world, what you need to know is the conversions, funnels, how to create funnels, marketing for specific platforms, digital A/B testing, SEO, PPC, you know... The knowledge you learn at MBA is really applicable to CMOs or CEOs of Fortune 100 companies. It’s not detailed enough.
And the other issue is the fact that the world of business is changing fster than their ability to update their curriculum. So, they are always lagging behind.
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✅You can connect with me on LinkedIn; www.linkedin.com/in/denizsasal/
Not just MBA, most course have become more of less irrelevant today. There is hardly anything that cannot be learnt from internet these days. People go for such cool courses just bcoz there is certain brand value attached to it.
It's a filter for employers. When you say you've done MBA from a top college, employer assumes that you have a certain amount of talent within you that he need not spend time on checking while interviewing you. That's how it benefits.
rajeevrp well most jobs related to the degree require you to have the degree yes you may be able to learn it online but they don't care about that they want you to have the degree
@@Dbf1339 which is fked up. I will NEVER care about people's degrees when I do my business.
You will earn more with an MBA even if it's not from a top college. A specialization helps more, e.g. IT, Finance, Strategy, Healthcare
Median MBA at a b-school is going to be six figures with a few years experience.
rajeevrp agreed and well said
Nah, even b-school MBA grads earn in the six figure range.
The 2 views expressed in this video highlight the whole crux of MBAism. (1) MBA is not really needed for getting know-how: books and evening courses can do this. (2) MBA from 'top' institution puts a premium on the salaries of those having it. This hypocrisy is not unique to management jobs. Self-taught software engineers also feel the need to have some formal academic qualification to get senior positions in major companies like Microsoft, Google, Amazon, etc.
I'd really like if you elaborated more on your first 4 months at PWC Consulting where you found out how little you really knew about real teamwork consulting - and especially how you coped and eventually thrived in this real intense working environment.
I unreservedly agree with you and I also would really appreciate if @Deniz Sasal would elaborate on his initial phase of experience at PwC Consulting in which he experienced adversity that resulted in certain failures.
Very brave video. Thanks a lot. Whenever I see boys/ girls feel superior because of the degree they hold, I feel funny. Most of them do higher studies just to make more money. If they will know how much a small business owner makes, there mind will blow off. I strongly believe, being a businessman is an attitude one posses. He just get sharper with an MBA. At the same time, many new people get exposure to a new way of thinking and realize they are good in it, and they really become successful.
I love the honesty in this video, brand is everything! I've found that if you don't have the network to help you get into a "branded company" then you'll definitely need to have a strategy for branding yourself, through the school/company of your choosing. Deniz, I wish you were able to teach this to High School Seniors/Junior...
I definitely need a Mba that too from top 25 mba schools in the world. My salary is peanuts but my organization is world renowned.
I love this guy!
he's damn inspiring and communicates really well.
I agree with everything you said...as an MBA student, I learned more in this program than my whole undergrad! I also made a video on why should people get an MBA, it is worth every penny and every minute.
if you have 10+ experience and you learn your MBA on youtube you dont need to spend 3 years wasted in university
MBA has great writing and research skills for consulting. I work in real estate appraising and I cover all value aspects in my narrative reports.
Hey guys, in this video you'll find out if you need an MBA degree to progress in your career. I'll also point out a major mistake most people make when choosing a business school. Hope you enjoy!
Great advice/video...I work at a Fortune 500 company in NYC and you see the program name brand aspect play out consistently
I have the same concerns on when/whether i apply for a MBA. And this video give me some inspirations. Very useful.
Hey Deniz, what would be the reaction of an interviewer when you are applying for joining MBA program and he asks you why MBA? I love each of your answers for clear, practical and honest thoughts. I also want to do an MBA majorly for Brand name and amazing networking opportunity. But I am always advised by others to provide suger-coated answers like how I got attracted towards MBA from some event at college or in previous jobs and how I want to learn the MBA subjects to know more. I personally feel that if any MBA college professors want such answer then he is stupid because all subject knowledge is available in online courses. But still in reality many interviewers expect answers just like this and mentors tell me to give them what they want to hear. So what do you think is real thinking of these interviewers? Your personal experience may help.
It is not relevant nor is most degrees. Realistically after a few months you tend to forget everything you learnt..it hasn't helped me advance my carrier one bit.
@K W the way I see its only an entrance criteria to most jobs. In terms of advancing ones carrier I gisss it also depends on how experienced they are prior to doing an MBA..
Would you mind if I share your video on my LinkedIn account?
Employer incline towards the brand, bitter but true. I believe to go for MBA if it's from Ivy league university else consider other professional certification programs to have a career boast. Good to hear about your MBA story :)
A lot of management positions in this area I've seen some good pay as well but what exactly would I do in these management positions? HR management, Finance management, general manager,
Really understand what you said , going through something similar. Just wanted to know if you could help me get on the right road to my career
My MBA was very easy (It took five months) and cheap (It cost $4,000). It's also an MBA in IT management, so I got one in a useful field. My only problem is getting started. With an MBA in IT I need to have some level of technical knowledge to find employment, so now I'm filling in knowledge gaps to get one of those six figure positions. Very happy I got it though, it's an immediate boost to my resume and I'm getting job offers for $70k starting out.
You actually made me understand why people go for MBA. Thanks a lot !
Thank you for sharing this video,I think this video answers lots of my doubts regards to MBA.
Wow you are absolutely right!!! Brand name does have some value .
Many thanks for sharing this. It helped me a lot. :)
In Jamaica the value is the MBA once it’s from a university outside the country. So I guess the point of making sure it’s top 100 would not apply.
So true.
Agreed
8:55 sad but true
Hi , I have been watching you for last week. On this video of MBA, I have seen myself in the same situation. Doing job in local company and due to shrinkage , I had left . After that I have been searching for good company. But previous employer name somehow is creating a hurdle. Before watching your videos , what I have decided , I would do MBA from one of top 5 college and take a loan from NBFC. I am lost now in my career, as I think. I am currently doing a local job just to avoid being unemployed. This is the lose lose situation for me as again I am doing the same thing . And why I am saying to u ,don’t know. Well I will see your more program and then decide what should I do
Thanks Deniz 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.
Hi Jaime, I think the wave MBA was riding on the past 20 years is almost over. It'll very unlikely provide the benefits once it did years ago (comparing the benefits to the time and money investments required). There were many contributors to its sudden downfall including the rise of online MBA programs from top-tier business schools. I have a feeling that the next "thing" is the Executive Education programs from these top-tier business schools. For example, my wife is getting a 3 month program from Oxford. Not only she's learning serious skills but also putting a brand name like Oxford in her CV for a relatively affordable cost (time and money). It really is a perfect solution for many professionals in their mid 30s or older. Plus, you can actually choose the subject that interests you for your own career development as opposed to an MBA where everything you learn is highly shallow and generic topics. Cheers.
@@DenizSasal Thank you
Thanks for sharing. Look! I have an MA in Educational Planning, Economics and International Development from the University College London, UK and am currently doing an MBA at a tuition-free online institution in the US (University of the People). I feel that am learning almost everything an MBA from a top school has: Organisational Theory, Managerial Accounting, Financial Management, Human Resources, etc. Do you think I can land a good Job after this program?
Hello Simao Luis, please tell us if you have landed a good job already after that MBA. That would be interesting.
I was planning to take an MBA. After watching this video, it looks like I don't need it unless my employer is going to pay for my tuition. I am currently working in an F200 company after undergrad, the work experience can provide me greater value than the MBA unless it's top 25 in the US. This video is very helpful. Thank you! Brand name does mean everything.
Reality is, you can learn everything yourself by reading books, online articles etc. However, most top jobs require you to have an MBA, because an MBA serves as a filter for employers (MBA signals talent, discipline and so forth). Unless you are the next Mark Zuckerberg, an MBA is a great investment
You don't really have to be a genius to earn an MBA but it shows you have an understanding of business and finance on the corporate level, so arguably that is why it's valued.
Hi sir, it was an amazing video but I need few suggestions for my career . I am currently having 2 yrs of experience in Capgemini as a System Engineer . Now wanted enhance my career so shall I go for a regular MBA or a corporate MBA. Also if I want to switch to a new company in a different skill is it gonna benefit my career?
If I wanted to specialize in HR though I have a Bachelor's pharmacy degree & will take HR diploma too, so is it worth it to take MBA to specialize in HR and have better job opportunities in HR??
Thank you. I was talking to a Phd the other day about doing my MBA through a 'brand name' school. He explained it pretty much like you did. It never occured to me before that discussion and you confirmed it with this video. I was going to do my MBA through a less prestigious school because they cost less. I have now changed my mind and will apply at the best.
Hi I completed hotel management so which mba will be benefit for me should I do mba from abroad or india
Do you have any suggestions for someone who already have a master degree in healthcare and currently a program manager (small company upState NY) but feels like needs some management experience and education to obtain bigger projects/jobs ? Do you think MBA will be beneficial to someone in healthcare ?
Thanks
I looked at jobs related to an MBA degree and then searched those jobs in my area they expected you to have an MBA or other top level college degrees related to business and they also wanted experience which actually seemed like the harder part because they all wanted experience
Yes I agree
MBAs actually count as experience in the workplace. Or at least this is the case in Canada.
@@lediamonddozen No. They don't.
do you think northern Arizona university is a good school for business if your just trying to get your foot in the door
I still dont understand why no body teach us those things since a young age?!?! I mean if the ultimate goal was to increase profit and productivity isn't it better prepare every kid in middle and high school or even undergraduate school to be a strong professional worker?! Why does governments not invest on such valuable assets? This must be intentional. You can say it is a conspiracy but am really freaking pissed! Millions of people dream into getting to the best universities and the only thing they can get is a brand name? Why even judge a person based on the university he graduated from? Wouldnt be more fair to prepare every single kid from any school better than lying to them about getting to university then finding a stable job so easily??
you are right brother, it is an intentional thing.
I stay in Michigan . I do have a while before I graduate with my MBA but I just wanna make sure I am going in the right direction with my future goals. I wish I knew how to research my name brand companies in my State. Any suggestions?
Yeah you need experience its important for consulting.
Hahaha... Deniz I like very much the part you said you spent almost all your money on cars and parties.. I am relieved coz I like party so much and I also want to be a successful professional like you. Guez I can still make it. I'm 28.
Sir I completely my MBA but I couldn't get a any job 😥 plz help after which job is better to get a job
Where did you do it?
you could join his program bro, LIG. you could discuss with him there. if you could afford your MBA i'm sure you could afford his program.
I really relate to your story. I was working for a big corporation and then I decided to start my own company which failed. I'm 26 and can't leverage my experience to land a new job. I'm considering getting into a top MBA but I think that adcoms don't value entrepreneurs. I would like to get into consulting. Any suggestions?
You may want to watch my career design video. It'll help you get a better understanding of how to approach a career change. Cheers!
Sir I need ur advice.
I have mass media bachelor degree and mba from Mumbai university ,India.
I have 3 years of experience in retail management.
Currently m in USA but have a career gap of 2yrs Cox of my 1st baby.
Now i want to get a degree here asap.
Looking ur suggestion whether i should do course in marketing or do full time mba.
Please do guide me.
.
hello
I alwyas watched your videos and its really informative.
I am an MBA and looking for the job
I have a query regarding to develop my personality and boost my self confrdence. Can you just help me that how I can boost my self confrdence and develop my personality?
I have a knowledge that how to answers in the interview and which direction I have to follow to make my career but still I alwyas fill that there is fear inside me and I want to beat it. Can you just tell me that how can I do it?
Hearing from you
Thank You
I need a help that currently I live in India and born and brought up here, recently I graduated from a college with B. TECH degree in Computer science and due to recent job cuts and other issues, for a long time ago during my college I decided to go in finance industry (Investment industry). I am preparing for CFA level 1.I want to join investment banking industry and want to work abroad. Currently I am an intern as junior research analyst in a portfolio management company. What do you suggest me to go for finance MBA or CFA? As I want to work abroad and in investment industry
If I were you, I'd reach CFA level 3 first and gauge the interest from the investment banks. If it doesn't trigger their interest then only consider an MBA.
Deniz Sasal thank you. I am preparing for CFA level 1
Cfa clear upto level 3
Finally, somebody stepped up and said it. Thank you!
An MBA is a qualification increase. That's it. It's the fact that the student is willing to put themselves through the time and financial commitment. And an MBA won't make someone talented. The degree has to match their career goals, capabilities, practical experience, and drive.
I am wondering, if there is a guy on the team who has, say, a PhD in some scientific subject not related to the topic at hand, but from a top-notch uni, would that be a plus, and big plus, or it won't matter at all?
The value isn't really in the knowledge part... this we know---But we NEED THE PAPER to first of all get your foot in the door
Brother is mba hard as I'm not Soo good in mathematics I'm a arts student so will it be hard for me
The math involved in business is algebra and statistics. It’s important because you would need to calculate your finances or at the very least make sure the people who are going to take care of that won’t be screwing you over lol
Deniz - if you see this, please fix the Click Bank payment. I tried to purchase your program but Click Bank simply won't let me. Very frustrating!
Anyways thanks for these free videos, very helpful.
Hi CH, can you please shoot an email to Jeanette at info@thecareermastery.com? I am not sure what the issue is but I am sure she'll solve it at the speed of light.
Thanks Deniz and in fact I have been in touch with her and she's very helpful. Unfortunately, I think there is no solution to this problem yet as far as I know, hope this helps.
MBA is a high priced joke unless it is from a highly ranked school. Even if you learn the same things, the degree from the lower ranked school won't be as respected from Fortune 500 companies. Most people that get the MBA care more about having letters after their name than what they learned. They always sign MBA after their name as if they are in the same league as an MD, JD, PhD. So pretentious. You don't see anyone signing MS or MA when they sign their signature
hii, I'm watching your videos for a long time and it is quite knowledgeable for me.I have a question from you, Are Bachelor in arts distance program students are eligible for regular professional MBA in any popular colleges and do they get jobs at these bases??
Hi Deniz, thanks for your video. Very insightful when considering pursuing an MBA. What’s your opinion about Online/Part-online MBA’s (Top schools only)? Thanks, Jordi
Not a fan of online schools. There'll be a time in the future when their brand name will be stronger and that brand name will mean something to employers but today is not that day.
hi Mr.Deniz.
i would like to ask that online MBA programs are good as well ?
i got one of the online MBA program in England with scholarship.
regards.
Hey there. I am afraid they are not. I wouldn't recommend it at all.
Which school in England?
Really understand what you said, going through something similar. Could you help me get on the right road to my career? Currently remaining with a year on this road.
Also to those who think a b-school MBA is not worth it- the accreditation matters. First off, the school is accredited by the regional accrediting body, making it valid in that regard. But then there are additional business school accreditation that colleges get to show to employers that the content is going to meet the strict standards. ACBSP and AACSB accrediting bodies review the curriculum to ensure it fits in with the standard of the other schools, so it really makes no difference. For example, both Harvard Business School and an instant access business school like WGU (Where I graduated) have AACSB accreditation. This means that the content is essentially identical, so that firewall is what ensures whatever school you go to will contain the general content needed to make a Harvard degree the same as a less reputable school. Not that those with high tier schools won't earn more, but that's often at the expense of moving away and going hundreds of thousands into debt, and at that point- does that income boost from a tier 1 school really matter?
thank you for sharing! I am currently looking into MBA education and this really helped!
Wrong wrong wrong... it can be obtain while working, secondly he suggests that you put the time in but not getting the formal education? Really
1. Yes, you can have an executive MBA while working. But it won't change the cost and time investment. It'll only eliminate the opportunity cost. 2. What do you mean with the formal education? I can't decipher your message.
Masters in science are better !
Hi Deniz, Many thanks for your great videos. I am definitely a big fan of yours. I am 40 years old and I have 14 years of experience in oil and gas industry. I am planning to do a weekend MBA in Imperial College London. My ultimate goal is to work as a consultant in a consulting management firm in energy filed. Do you think I am too old for that?
I think you'll have significantly higher chances to join a management consulting firm as a Subject Matter Expert than say as a Director or a Partner.
Same experiences here with an MBA and PhD from top tier universities.
Thank you, sir, for this video very beneficial video looking forward to always learn from your good self.
Hi Deniz ! would like to know how much distance MBA would help professionals. Will you recommend distance learning with any top 5 universities being a professional & running short of time to spend on regular course ?
Hi Kaushik, I don't think they are very attractive from an employer's perspective. I can be wrong though. Try to find some survey results where Hiring Managers rank their opinions on distance learning.
I m going to start to MBA soon. I had graham from electrical engineering and is till have doubts that how the MBA ll effect my career? Does it woth to spend the time and money ?
Thank you
Great content as always... Very valuable information. Thank you very much.
It was a great experience!
How do I get answers to my questions!
Very transparent and humble of you to create this video. Only true winners can do that.
Thank you for sharing
Can you do one on ACCA OR MSC Finance..Because this has been affecting me a bit
I have Bsc in CSSE , do i also need a MBA
I like the content of the video,
What about pattern to follow to increase my probabilities to land a job in PE firm
Hi, I am 36 years old I completed my Bachelor degree from Nursing science and I was working in the hospital in GN position for 6 year after that I changed my job to be secretary in the company till now for 3 years now I have plan to attend the MBA class in one of the famous university in my area!! I don’t know what is my strategy to get MBA degree, but I think it’s might make me get higher position and better knowledge to improve my performance 🤔 please advise if it’s really help. Thanks in advance and thanks for very valuable video
Hi Sir after long time i see you. How are you?
I am fine Srinivasa. How have you been?
I am a B.TECH student and i want to join consulting firm like McKinsey . How to prepare for case study part . What are the good sources to prepare for these consulting jobs .Please refer some books and courses to get there .
Great video! Thanks!! I still have some questions where can I connect with you?
I want to do MBA. If I will have done the MBA from a very ordinary B School in India with a very good marks. Then rest of the time will I get any good possibilities regarding my carer? Is it mandatory that I must go for a reputed B School? Please give me my answer.
My MBA will be paid for, top 25 program, so I’ll just say that it’s going to be worth it :).
Hi, Deniz! Watching your promo. Suggested connection at LinkedIn too.
WOW, thanks a LOT for sharing your story with us - very valuable information!
As he said more the good components you more the brand what if someone doesn't have those components still he want to move ahead does MBA help him into that?not immediately I mean but eventually?
I want to do business should i do mba
Love the honesty, frankness and humility.
Great content. Thanks
Should a teacher study an MBA?
Smart Talk Sir. Keep coming like this.
@Deniz; I am into Telecom Project Management with 8 years of experience. Is MBA really required for someone aiming for Consulting roles. Could you also suggest other means to equip for such roles.
It really depends on the firm though. If you are shooting for top consulting firms, at this age, I'd say you may need one. The older you get, the more difficult it is to join a top consulting firm as an experienced hire. I am assuming you are in your early 30s. That's an engagement manager age. If you don't have a prior consulting experience, then the odds aren't really in your favor. Not impossible, just a bit more difficult.
Deniz Sasal Thanks for sharing your views. Yes you guessed right. I am 31 and a project manager. No offence I fail to understand the reason behind engagement manager role. When you say not impossible i would like to learn how can i reach there.
One of the best and perhaps the most honest (bitter truth) reviews of the MBA Degree.
This video is a piece of art.
You have the best video on YT regarding MBA advice, honestly.
Does executive MBA helpful?
I just finished my undergrad five months ago. I was an accounting major. I am studying for the CPA exam right now but after a ten-month stint in as a Public Accounting Auditor Internship. I decided I want to go back for an MBA. I want to become a community college business educator. A graduate degree is required. It's a Cal State University here in California, so it's not well known as other big universities, but it will do the job in regards to becoming a community college business educator.
I’m a senior and am going to college soon, is business a smart choice? Or is there a better one? Does an MBA actually do anything or no? Many more questions
Wonderful insight into MBA. The best thing is it gives very clear factors to come to a decisive point as to whether MBA is good for someone or not. Thanks for the video.
To be an entrepreneur you don't need an MBA. ...... To show a complete stranger you have some level of competency before they hire you...... You need an MBA.
Sir please tell me that how done MBA practice in middle school
What if I already have a masters degree in Information Studies and I want to go into MBA with the mindset to focus on for example the commercial side of information (bookstores, publishing, or knowledge management). Would that be stupid?
I don't think you need an MBA for that.
Even if I work in family business with absolutely no business background and I also have a side hobby that I want to startup -- therefore an MBA could target all of these needs in one go. And I also won't be paying that much for college?
What you learn at MBA is very high level. Branding, segmentation, basic corporate strategy etc won't help you much. You need on-the-ground skills, ie; ppc, cpm, ppe, funnels, conversions, etc. MBA can't teach you that.
It's business management, how will it not add to getting to know how to run a side business or give growth to my existing managerial position.
Of course, it will. But it's a matter of getting the best return for the time (or money invested). Best of luck.
Great video Sir.. Helps professionals make decisions..
Hi I am a cass business school student doing full time MBA. Great Video
What about BBA degree