Quote:
Originally Posted by Unregistered
Do look beyond the Havard, Chicago & Insead. If you are company sponsored, by all means go ahead. If you are SELF sponsored, then perhaps the next tier MBA should be considered.
My reasoning: The litmus should be your ability to reap ROI and weigh the opportunity cost (Alternative).
The ultimate: if you are PROVEN to be good@work, be sponsored for Advanced Management Program (Wharton/Harvard) in your subsequent advancement.
I know of associates in different fields who had taken MBA (e.g.: from MBS) distance learning who are able to recuperate the amount spent within 1 year upon graduation.
Risks Management:
-Mitigate (You request for partial/full sponsorship from your firm. Beware of the bond)
-Accept (You pay the full course fees yourself)
-Avoid (You decided to 'wait and see'. Try to influence your friend with similar background and results to proceed ahead. i.e.: He becomes Advanced party. If he clears KPI, you proceed.)
-Transfer (Ask your spouse/GF to take the course and the loan herself)
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just a few comments.
a) for those who are doing well, doing a '2nd tier MBA' may make sense. It enhances what you are currently doing. Since the cost is low, frankly, the ROI is easy to achieve. For a 20k MBA, it takes less than 2k/month increment or 20k bonus to cover the cost of the MBA.
b) for those who are stuck or need to change career, I don't think a 2nd tier MBA helps. Most friends I know find no noticeable change in employers perception after they complete the program. Also, we are talking about singapore market, which is extremely small to begin with. If your plan is to stay in singapore, i wouldn't bother to spend too much money on top tier MBA program since opportunities are limited.
c) the AMP program from Harvard or Wharton, frankly, is has limited market value per se. It is a program to prepare top performers in an organisation for higher management roles as well as recognition for doing a good job. Most of the time, there is a bond associated with it. More of a feather in cap. It is not a career changer, like an MBA. Also, people who do AMP tends to be much older, late 30s, early 40s, and at that age, experience matters more than just the AMP credentials.