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The cost of an MBA

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Super Contributor

The cost of an MBA

I was looking at the prices of MBA's and was quite taken aback by the cost of these degrees. Most Range between R140k - R172k+$5500 for the compulsory global elective. I was really wondering if you take this say: R210k (after tax funds) (for a school worth while) and work out the opportunity cost, and then calculate how many years it would actually take to turn a after tax profit on your investment.
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Super Contributor

Re:The cost of an MBA

I remember a FinWeek survey of last year, most agreed it paid off over time .. most also commented it cost them their relationship .. choices ..
Simon
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Super Contributor

Re:Re:The cost of an MBA

Well, yes, there is that cost off course. Less time spend with your family will take it's toll. I guess that also needs to be paid back over time.
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Re:The cost of an MBA

@simon.. doesn't always cost you a relationship. In fact i'm busy with mine. Its been more of a fertility degree. So far at least five of my fellow students have had kids, and this is the first year.
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Frequent Contributor

Re:The cost of an MBA

I know of 4 guys who done it,3 got divorced !! Other one`s wife started cheating on him cos of lack of attention !!! Women !! They just dont get it !!
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Re:Re:Re:The cost of an MBA

@kwagga.. be carful which university you choose and be damned sure you want to go through this course. Its not so much that the course is difficult; its just so much data to get through.. it isn't difficult its a mountain and you don't have a life. But in
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Re:Re:Re:The cost of an MBA

@kwagga.. be carful which university you choose and be damned sure you want to go through this course. Its not so much that the course is difficult; its just so much data to get through.. it isn't difficult its a mountain and you don't have a life. But in
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Super Contributor

Re:Re:The cost of an MBA

Sure,but are they the fathers?
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N/A

Re:The cost of an MBA

did mine in 2002. One piece of advice I can give, choose the city you want to live in beforehand and then study there. And try to get some career direction before you do the course. It is a great way to steer your career, but the degree itself is not going to help you much unless you are pushing for management consulting - in which case you will need to be in the top 10% of your class. If you are looking for a change, figure out to what beforehand. Once you know what, you can channel your energy and focus in the course towards pursuing that dream
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Super Contributor

Re:Re:Re:The cost of an MBA

Lol!!!
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Super Contributor

Re:The cost of an MBA

M.B.A - Master of Bugger-all. Still believe being a specialist like a C.A. is better. Rather know a lot about a little than a little about a lot.
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Frequent Contributor

Re:Re:Re:The cost of an MBA

Lmao !!!
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Contributor

Re:The cost of an MBA

Well put penny pincher, I am a C.A. and will never look back, years of hard work and its defenitely worth it!
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Super Contributor

Re:The cost of an MBA

Yes...you better of employing people with MBA to work for you...that's what Buffet said to a group of prospective MBA students....he wanted them to work for him and make money for him. Hey, Skaap, you stil looking for a job....email me at MBAscouts at rams.co za.
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Super Contributor

Re:Re:The cost of an MBA

CA (SA) - specialists ,finance field. Ultimately CFO. CA (SA) MBA - CFO and ultimately CEO of a Business UNit. My opinion CEO outrank CFO anytime.
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Contributor

Re:The cost of an MBA

Thanks Preston - I can list 100's of CEO's of blue chip co's with CA's only. MBA's is only worth something if done at a reputable institution, unfortunately you buy an MBA - the more expensive the more it stands for.
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Super Contributor

Re:Re:The cost of an MBA

reputable institution - agreed, but that is why CA(SA) backs up that qualification.
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Re:The cost of an MBA

The Dalai Lama said humans are the strangest things. We ruin our health trying to make money, then spend all that money trying to get our health back. Be sure you're making money for a REASON. It is a means of exchange for goods, nothing more. If you really want those goods then go for it. Me, - I don't have much money, but I have sailed around the world and now live a simple life in the country. I feel desperately sorry for the city guys who don't know any better than to chase the mob up the corporate ladder. These guys visit me on the farm and they know nothing of the wondrous complexities of life and the enormous opportunities for fulfillment on this earth when you forsake that mindless quest for money and prestige. Don't get caught up unless you're sure you really want to. When you're old and frail , but rich, it's too late to try to start enjoying life. This is not a practise run, you only get one lap. (apologies SPB.!)
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Super Contributor

Re:The cost of an MBA

Good points,farmer brown.No one on their death bed ever says:"I wish I had spent more time at work"!
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Super Contributor

Re:Re:The cost of an MBA

Both have value, and smart people have chosen both degrees happily. For an MBA you specialise for your thesis and the rest is excellent for understanding the value of other aspects of the org. Why is the HR manager doing X, or the marketing director doing Y? Can you speak their language? If you talk to a partner company with different priorities, do you understand their strategy outside of the books?
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