Quote:
Originally Posted by Unregistered
The key Qn for prospective mba students is how much of the pay rise above is directly due to the mba, & how much of this is due to normal career progression (ie 1 or 2 promotions in 6y) + normal pay increase (ie finance professionals in many had foreign banks saw a significant increase in base pay as political pressure on bonuses ratcheted up in 2009 - 10).
Reality is that most employers in singapore do not pay meaningfully extra if their existing employees get an mba. Indeed for many companies, unless they r sponsoring u 4 an emba, do not view an employee doing a 3 yr part time MBA (and leaving office early many a day) in a positive light.
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Acquiring a mba does not automatically increase your pay if your job-scope does not expand, or your job responsibilities do not increase. I got a masters in financial engineering in local uni, the hard skills acquired in the course gave me a opportunity to go quantitative role, and now in a regional head role in risk in foreign bank.
4k - Pre-Masters
6k - Upon graduation
20k - 6 years post-Masters
Initial investments of $15k (tuition fees at that time) + 2 years of diligent study = future higher cashflows in career is certainly worth it