I plan on doing this after i get my undergrad in eco., and is work experience always required, like would i be exempt from work experience if i have a higher GPA?
2006-09-18 11:31:38 · 5 answers · asked by sportsfan24 1 in Education & Reference ➔ Higher Education (University +)
The demand is good, but $100K+ could only be expected if you get the MBA at one of a few top schools and/or have a lot of prior work experience which you can bring with you. Highly competitive schools, for the most part, require work experience (the exception being the University of Chicago, which has a small, but highly quantitative program for those just out of college programs). Other schools will let you in without work experience, although most discourage it, despite GPA (what we are looking at is ability to look at the processes studied from the perspective of someone who has done the work. Even the brightest students ask stupid questions if they don't understand the business environment). Keep in mind, though, that if you get an MBA right out of undergrad, you can expect an entry-level job right out of the MBA program, and the salaries may be $30-40K, just as they are for the undergrads. In the long run, with both the MBA and experience, you can expect to have opportunities to bypass those with just a bachelor's degree, so the limits are higher and your lifetime earnings might be higher.
2006-09-18 11:39:57 · answer #1 · answered by neniaf 7 · 0⤊ 0⤋
The USNews survery reports starting salaries of over $100K only for Ivies and their counterparts. This is somewhat inflated though if you haven't worked before because most of those people have come back to school after work and bring more to the table for future employers. I think the figure is around 60-70% of MBA students have full-time work experience.
2006-09-18 18:34:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
TRUST ME - stay away.
The universities market MBAs all the time because their tuition is high, but the amrket is flooded with MBAs. In my last job MBAs were doing telemarketing - no joke.
Spend your time gaining job experience which is what employers want
2006-09-18 18:39:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It all depends on what you do with the degree.
I'd recommend using the MBA knowledge to start your own business.
2006-09-22 17:48:02 · answer #4 · answered by nolyad69 6 · 0⤊ 0⤋
hahahahahahahahahaha
Demand is good. Pay is good (hopefully it will repay the loan for the education) $100+ - if you are in the top of the top only
2006-09-18 18:34:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋