Full Careers
Will it be a good option if i quit my job and enrol for an MBA?
If you could help me, please let me know if it is really a good option to quit my present job (a middle level job) and enrol for an MBA. Please do let me know if SP Jain Center of Management, Singapore is good one. I am deeply thinking about this but quite confused. Though the cost involved is huge, i am able to somehow manage that. But, i dont know if i can break my career for pursuing MBA. I have more than 8 years experience in IT services. Anyone, please advice. Many thanks.
Public Comments
- If I were you, I would have stayed at the job and enrolled in a program at an online college. This way you get to keep your job and earn a degree at the same time!
- First issue is that you should post this question on a Singapore-specific forum, not Yahoo Answers. Second, an MBA is now the "debased coin of the realm". Its not as useful as it once was, and several experts say the only worthwhile full-time MBA is from one of the top 25 or 50 schools worldwide. In short, they say don't bother - unless you are Harvard material... A part-time MBA makes more financial sense, but it probably will not give a quick boost to your career.
- You can still pursue an MBA degree without quitting your job as long as you know how to manage your time. In my case, I took my Master's degree after office hours. But if you can afford the school fee and there is nothing to be at stake, then it is better to be a full time student so that you will be more focused on your lesson --- It is best to serve only ONE master!
- There are a couple of situations where quitting and going for a full time MBA can be worth it, economically and career-wise. 1) If the MBA school is one of the top MBA schools in the world, or in your country. 2) If you want to move out of IT services, and do something quite different once you get your MBA. If the MBA is a very, very strong program - at the level of Harvard, MIT, Stanford, etc., (in Singapore, I'd recommend INSEAD) then it can be worth it to quit and go full time to the MBA program. You could well make far more money, and with an elite employer, once you graduate. But if the MBA program is simply fine, but not one of the top 25 in the world, then I wouldn't quit work. I'd go part-time. The opportunity costs wouldn't be worth it. If the program is quite strong (but maybe not top 5 in your country - maybe it's top 8-10, and well known), and you really want to change fields, then you can quit and do full time MBA. This will free you up to do co-ops, internships and etc. in your new field, and make it more likely that you'll get a job in that new field when you graduate. So if you want out of IT services, then this could be an option. But if you want to stay in IT services or something closely related, then this wouldn't be a good choice. Keep the job and go part-time. And if your school is ranked anywhere below the top schools in Singapore, it's unlikely that going full time would be worth it. Only go full time if the school is extremely strong and has a very good rep in your country. I'll link you to a rankings list of the top MBA programs in the world. A couple are in Singapore. No matter what, try to get into the best ranked, best reputed MBA program that you can. Employers are swayed by the school's name.
- No do not quit your job for any reason
