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post #1 of 16 (permalink) Old 12-19-2004, 01:56 AM Thread Starter
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MBA or work?

Well, I am in my last year of university and I have some important choices to make.

Right now I am finishing a Bachelors in Arts & Business, Honours Economics, Finance and Human Resources Managements specializations from the University of Waterloo.

I have no prior work experience in this sector, just good grades in school, and I am wondering if I should go back to school....either do a Master's in Financial Economics from the University of Toronto, or the MBA of Investment Management from the John Molson School of Business. The latter MBA is just like doing the Chartered Financial Analyst (CFA) designation in class, they help you study and pass the three exams.

My other choice is to go find a job when I finish my bachelors and see what happens.

Two things tho:

1. MBA are expensive, but starting salaries are high
2. If I get a job right away, salaries are low, but I wouldnt have to pay for the MBA's.

If anybody is willing to share their experience or give helpful information I would appreciate it.

Cheers


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post #2 of 16 (permalink) Old 12-19-2004, 02:05 AM
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MBA or work?

check the requirement first for an MBA>. a lot of places requires a 2 years of working experience before they let you applied.. some is a recommended 2 years. I would recommended a 2 years working experience before getting the MBA.. just so that you are exposed to the real world.

my $0.02


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post #3 of 16 (permalink) Old 12-19-2004, 02:17 AM
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MBA or work?

workplace sucks right now. MBA keeps you from the real world. Anything that keeps you from the real world right now is good

but make sure you get an MBA from a place you'd be proud to say it about
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post #4 of 16 (permalink) Old 12-19-2004, 02:32 AM Thread Starter
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MBA or work?

Lucky for me, the two MBA programs dont require any work experience. And they actually include internships as part of your learning.

And I think that both places are pretty stable and noble establishements.

Also, another thing that I forgot to mention is that they accept a limited amount of people....about 20 to 30 depending.

I just dont know....I am filling a bit down. I bust my a$$ in school to get a good job. I applied for a few jobs and never got an answer. I speak four langues, I work very hard, I just dont know what to do. It is very frustating.


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post #5 of 16 (permalink) Old 12-19-2004, 02:58 AM
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MBA or work?

My cousin is in economics at waterloo......he mentioned something about only 5-10% of ppl actually getting into 4th years to finish their honours. Kinda surprising still there aren't any jobs out there. You didn't put any flowers on your resume, did you?

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post #6 of 16 (permalink) Old 12-19-2004, 03:02 AM Thread Starter
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MBA or work?

Well, you have to keep a 75% average to remain in honours. Some students cant do it, and then they go for the three year in Economics, and basically there is no difference between doing the three and the four year non honours...so this is what happens. From all my friends that started in year one, only I and only one of my buddies are still in Econ. At first everybody takes Economics during their first year...classes were like 350 students and now fourth year micro has about 65 students....ahahahahaahha....

No, I didnt put any flowers...but I did send a scented resume tho....


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post #7 of 16 (permalink) Old 12-19-2004, 04:18 PM
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MBA or work?

Get the MBA. Nothing hurts like applying for a job and hearing they gave it to somebody with far less experience but a higher degree. And it sounds like the MBA programs have internships to get experience, so to me, that's the way to go, especially if you can afford to keep going to school for another two years.
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post #8 of 16 (permalink) Old 12-21-2004, 08:46 AM
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MBA or work?

im only a senior in high school, but i say go for the MBA. im gonna major in international business and accounting and i know i wanna get an MBA, and to tell you the truth, if i were in your spot, id go for the MBA. anyways, it'll pay off in the long run.

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post #9 of 16 (permalink) Old 12-21-2004, 09:17 AM
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MBA or work?

Quote:
Originally Posted by "Sasho"
Well, you have to keep a 75% average to remain in honours. Some students cant do it, and then they go for the three year in Economics, and basically there is no difference between doing the three and the four year non honours...so this is what happens. From all my friends that started in year one, only I and only one of my buddies are still in Econ. At first everybody takes Economics during their first year...classes were like 350 students and now fourth year micro has about 65 students....ahahahahaahha....

No, I didnt put any flowers...but I did send a scented resume tho....
Depends on what you plan on doing. MBA's are never a bad thing really but I guess it depends on what you plan on doing with your business degree do you want to work corporate level jobs or run a small business or do absolutely nothing with business like work IT or something else? I would look where you see your career going in the next 5 years and if you seeing realistically leading to a place where that MBA is vital then sure as heck get the MBA if not you can always attain your MBA with some night courses while you are working a job.
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post #10 of 16 (permalink) Old 12-21-2004, 10:15 AM Thread Starter
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MBA or work?

Oh, by all means I plan to work in my domain....finance and investments that is.


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