MBA Not So Good After All? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




MBA Not So Good After All?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 11-04-2008, 11:22 AM
Salary.sg
Guest
 
Posts: n/a
Default MBA Not So Good After All?

He completed an Executive MBA programme at one of the world's most prestigious business schools - University of Chicago GSB.

Though he did it part-time and in the Singapore campus (I gather), it should not be too much to ask for at least a reasonable return on his S$124k investment.

Yes, he spent S$124k (US$90k) on this EMBA programme.

He wanted a mid-career switch from a high-tech MNC firm to the seemingly more lucrative management consulting industry.

What did he get in return?

Well, he got his mid-career switch. But he had to take a 25% pay cut. And he got into a junior position.

The 38-year-old Mr Loh has to start from the bottom, after trading his high-tech career and spending a fortune.

So, take all the nice reports and rankings of MBA programmes with a pinch of salt. The figures for "return on investment" and "payback in N years" are perhaps just too forward looking.

Or maybe you should not take EMBA if you want to switch careers. 

Mr Loh's story is reported in the Straits Times yesterday (link).

http://www.salary.sg/2008/mba-not-so-good-after-all/

Reply With Quote
  #2 (permalink)  
Old 11-04-2008, 01:48 PM
komatineni---
Guest
 
Posts: n/a
Default 1360

IMHO, e it GSB,Chicago or Wharton or whatever. End of the day without a plan no school or degree can help. In fact going to Biz school should be evaluated based on ROI and if no ROI no point doing that.If a person can get double the pay just because he/she from GSB then we'll see much bigger q than cheap sales infront of GSB/Insead

Reply With Quote
  #3 (permalink)  
Old 11-04-2008, 02:01 PM
hanneng---
Guest
 
Posts: n/a
Default 1361

From what I see, Mr Loh is not making enough friends in his school. While going back to school to gain new knowledge, Mr Loh should making new friends and build new connections (guanxi) with his Executive-level classmate.

With this, he can get help from the connection, to pull string to push up his careers.

Reply With Quote
  #4 (permalink)  
Old 11-04-2008, 09:11 PM
wait and wait---
Guest
 
Posts: n/a
Default 1363

The tradition education system(pri=>sec=>tertiary) is already way old dated and should be overhauled. Today education means attending seminars, specific intensive short courses and training, specific certifications, boot camps and tons of book readings and research.

The person who insist on going thru the old way of educating oneself is doomed to be paid ordinarily. Remember, the professor who teaches you in university most probably isn't a millionaire.
Reply With Quote
  #5 (permalink)  
Old 12-04-2008, 01:11 AM
Zinkc---
Guest
 
Posts: n/a
Default 1366

Any MBA from any school is pretty much the equivalent of a glorified vocational diploma with the icing of prestige on the top. You don't go to Business School for the MBA, you go to make friends.
Reply With Quote
  #6 (permalink)  
Old 12-04-2008, 12:45 PM
Howcome---
Guest
 
Posts: n/a
Default 1373

I agree totally with hanneng. It's well-known that the whole point about MBA is the guanxi. Unfortunately, a lot of people especially in the tech industry thinks that MBA is about studying their behind off to absorb knowledge only. Geeking out only guarantees you poor ROI for MBA.
Reply With Quote

  #7 (permalink)  
Old 18-04-2008, 03:51 PM
WMF---
Guest
 
Posts: n/a
Default 1414

what a ridiculous subject. What exactly is the ROI of a MBA?

It is basically the knowledge, the diversity of working with multicultural team mates and many projects with tight deadlines.

In a way, i believe MBA is important for someone who has worked maybe 5-10 years and felt stagnant where he/she is.

Yes, the "guan xi" is important as most of the pple taking a MBA are either top executives or Future managers-to-be.Building up a good network from there, can expose you to many more opportunities than you thought there are.

However, thinking and EXPECTING incredible to happen after MBA is not that desirable as well. Most of the MBA graduates feel that they're different from everyone else.

Plesae.. You're still human.
Reply With Quote
  #8 (permalink)  
Old 20-04-2008, 10:27 PM
Jasmine---
Guest
 
Posts: n/a
Default 1444

basically, to get an MBA is to learn additional knowledge for you to have a chance to attain a top management position. Whether could you get a good position depend on how good you can apply your knowledge to work. You may start a low pay but if you have the potential, very soon , you will reach your mark.
Reply With Quote
  #9 (permalink)  
Old 21-04-2008, 04:02 PM
superman---
Guest
 
Posts: n/a
Default 1455

the mistakes that 'Mr Loh' made were:

1) he used an EMBA for a career switch. EMBA was never meant for a career switch. If Mr Loh wanted to change his career, he should have taken a full time MBA program when he was much younger.

2)he restricted his search to Singapore. Frankly, why bother to study in GSB (Chicago), if the plan is to work for a consulting firm in Singapore? If the person is not prepared to relocate or make sacrifices (being away from family etc), why study in schools like Chicago?
Reply With Quote
  #10 (permalink)  
Old 25-04-2008, 10:43 PM
Careerwork---
Guest
 
Posts: n/a
Default 1503

i knew of friends that got MBA but still work in government sector. Cannot understand as i think is a waste of money and time. The theories and knowledge learnt cannot be applied there ! They should study Master of Public Administration if want to stay forever in the Civil Service.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Be your own boss. How good is a retail business? quek Investments and Net Worth 31 18-05-2012 07:03 AM

» 30 Recent Threads
DBS Management Associate Program... ( 1 2 3... Last Page)
1,745 Replies, 268,019 Views
Lawyer Salary ( 1 2 3... Last Page)
7,514 Replies, 2,593,341 Views
Can share your your car...
1 Replies, 32 Views
Compare civil service salary ( 1 2 3... Last Page)
10,088 Replies, 5,573,843 Views
What's the graduate officer... ( 1 2 3... Last Page)
53 Replies, 12,564 Views
Anyone being hired during covid...
4 Replies, 176 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,906 Replies, 1,082,344 Views
How much do you earn and save? ( 1 2 3... Last Page)
95 Replies, 12,155 Views
Whats your net worth ( 1 2 3... Last Page)
2,728 Replies, 796,491 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,292 Replies, 1,903,185 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
156 Replies, 74,799 Views
need some info on CNB
0 Replies, 84 Views
Working in HDB ( 1 2 3... Last Page)
335 Replies, 262,985 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,183 Replies, 966,265 Views
Career as Teacher ( 1 2 3... Last Page)
2,653 Replies, 1,602,766 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,379 Replies, 563,773 Views
Android, iPhone and iPad Apps For...
1 Replies, 2,293 Views
High Finance Thread ( 1 2 3... Last Page)
88 Replies, 15,213 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,289 Replies, 905,752 Views
Interviews related ( 1 2)
10 Replies, 1,037 Views
Summer Internships 2020 ( 1 2 3... Last Page)
70 Replies, 7,949 Views
As a web designer, how much should... ( 1 2)
19 Replies, 9,678 Views
Please Share DBS Average Months... ( 1 2)
11 Replies, 2,638 Views
anyone working at NCS ? ( 1 2 3... Last Page)
386 Replies, 286,287 Views
ST Electronics ( 1 2 3... Last Page)
661 Replies, 209,825 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,785 Replies, 516,370 Views
Roles in accenture singapore ( 1 2 3... Last Page)
375 Replies, 249,991 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:33 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2