MBA: is it worth getting one?

[badkuk]

i saw an episode of Silicon Valley recently, where the bida hired a business management guy to put up his company; it made me realize that i'm kinda on the same boat -- i've been in IT all my life, but i see myself putting up a business should the day come that this company gets tired of me...and apart from putting up a sari sari store, i'm basically clueless ^_^

Question lang po sa mga dumaan ng MBA course: do you feel it was worth it? Me nagsasabi na common sense lang naman daw ang tinuturo dun...but something that costs that much can't just all be just practical knowledge, can it?

Saang university me magandang MBA program these days?

Advisable po bang mag online course na lang?

[CVT]

i saw an episode of Silicon Valley recently, where the bida hired a business management guy to put up his company; it made me realize that i'm kinda on the same boat -- i've been in IT all my life, but i see myself putting up a business should the day come that this company gets tired of me...and apart from putting up a sari sari store, i'm basically clueless ^_^

Question lang po sa mga dumaan ng MBA course: do you feel it was worth it? Me nagsasabi na common sense lang naman daw ang tinuturo dun...but something that costs that much can't just all be just practical knowledge, can it?

Saang university me magandang MBA program these days?

Advisable po bang mag online course na lang?

A couple of my HS classmates who graduated from MBA started their (now) thriving businesses from/as their Strategic Management study....

For me, it is a big help and tool, as I continue to efficiently use it in the corporate world. The insight, structure and discipline it promotes are well-embraced in the business world.

Most of the people I talk to and interact in the US and EU are Engineering PhDs, and it is a constant challenge for me and my managers to keep up to our discussions on technology issues. My university studies pretty much cover me here.

On the other side, we need to have discussions too, on the business side, with Sales, Marketing and Finance,- and this is where my MBA studies help me a lot, as I understand and discuss relevant financial and market issues with them.


"The measure of a man is what he does with power" LJIOHF!

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[shadow]

IMO, you don't need it if you're eventually going into business. What you need is experience and connection plus of course capital.

I feel MBA are only important for corporate world.

Yun kinapatid ko nag MBA sa AIM before punta punta pa Japan for thesis yata or Europe yata.

Eh di ganun din Ang bagsak sa family business pa rin nila.

[CVT]

IMO, you don't need it if you're eventually going into business. What you need is experience and connection plus of course capital.

I feel MBA are only important for corporate world.

Yun kinapatid ko nag MBA sa AIM before punta punta pa Japan for thesis yata or Europe yata.

Eh di ganun din Ang bagsak sa family business pa rin nila.

In the local scenario,- I agree that experience-capital-connection are the most important things, if you are going into business.


"The measure of a man is what he does with power" LJIOHF!

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[1D4LV]

imho... having an MBA and apply the concepts would be good, otherwise, it would be a useless title. i've known people who have MBAs na hindi marunong magpatakbo ng negosyo, or hindi alam ang concepts ng negosyo..... so everything boils in the book.

Examples:

a. bilas ko... lahat ata ng pwedeng pagaralan, pinagaralan na nun... nagtayo ng school, nag mba, nag child psychology.... after two years, sarado na... again attempted to open a manpower agency... pero after 4 months, sinara na. what's wrong? the mindset and the lack of marketing skills.

b. negosyanteng kilalang kilala ko... graduate of a school in the US, pati MBA sa US.... nakaka limang negosyo na, lahat bumagsak.

compared with:

a. a president of an IT consulting firm.... graduate ng JRU, walang MBA..... thriving yung business nila.
b. a president of a large insurance company ... graduate ng UE, walang MBA... again, profitable yung business nila.

an MBA would give you an extra knowledge, but it does not define your success.

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imho... having an MBA and apply the concepts would be good, otherwise, it would be a useless title. i've known people who have MBAs na hindi marunong magpatakbo ng negosyo, or hindi alam ang concepts ng negosyo..... so everything boils in the book.

Examples:

a. bilas ko... lahat ata ng pwedeng pagaralan, pinagaralan na nun... nagtayo ng school, nag mba, nag child psychology.... after two years, sarado na... again attempted to open a manpower agency... pero after 4 months, sinara na. what's wrong? the mindset and the lack of marketing skills.

b. negosyanteng kilalang kilala ko... graduate of a school in the US, pati MBA sa US.... nakaka limang negosyo na, lahat bumagsak.

compared with:

a. a president of an IT consulting firm.... graduate ng JRU, walang MBA..... thriving yung business nila.
b. a president of a large insurance company ... graduate ng UE, walang MBA... again, profitable yung business nila.

an MBA would give you an extra knowledge, but it does not define your success.
ako, i do not have an MBA, but two undergrad technical degrees and IT certifications.
i am at the helm of a company today, and it has been profitable for the last three years already. guts, skills and experience lang.

[chococarlo]

imho... having an MBA and apply the concepts would be good, otherwise, it would be a useless title. i've known people who have MBAs na hindi marunong magpatakbo ng negosyo, or hindi alam ang concepts ng negosyo..... so everything boils in the book.

Examples:

a. bilas ko... lahat ata ng pwedeng pagaralan, pinagaralan na nun... nagtayo ng school, nag mba, nag child psychology.... after two years, sarado na... again attempted to open a manpower agency... pero after 4 months, sinara na. what's wrong? the mindset and the lack of marketing skills.

b. negosyanteng kilalang kilala ko... graduate of a school in the US, pati MBA sa US.... nakaka limang negosyo na, lahat bumagsak.

compared with:

a. a president of an IT consulting firm.... graduate ng JRU, walang MBA..... thriving yung business nila.
b. a president of a large insurance company ... graduate ng UE, walang MBA... again, profitable yung business nila.

an MBA would give you an extra knowledge, but it does not define your success.
ako, i do not have an MBA, but two undergrad technical degrees and IT certifications.
i am at the helm of a company today, and it has been profitable for the last three years already. guts, skills and experience lang.

This is a very good point. Another perfect example is yung Perpetual dito sa Las Pinas. Yung current president ng school at medical facilities nila tapos ng MBA sa Harvard and Wharton pero walang pinagbago yung management styles. Hindi ma streamline yung business and napaka inefficient. Nanay ko pa gumagawa ng MBA assignments ng mga yun nung nag aaral pa

Yung asawa ko graduate sa probinsya at nung nag resign sa company last June 2015 naglakas ng loob magtayo ng sariling company. Ayun awa ng dyos nakaka tatlong sasakyan na and as of May 2015 6M revenue with 28% operating profit. Sa bahay lang nag office at isa lang ang tao. Kelangan lang malakas ang loob, may good marketing and communication skills and exceptional negotiation skills

Kung asa corporate world ka katulad ko, malamang kelangan mo MBA for job promotion. Pero in real life at kung magtatayo ka ng negosyo, kelangan mo as 1D4LV pointed out are guts, skills and experience. My wife always tells me that yayaman ka dahil sa negosyo hindi dahil mataas ang posisyon mo sa isang company. Due to her business success, I am inclined to believe her. Gusto ko na nga mag resign at maging ahente nya kaso di ko talaga linya magbenta

[zap.FREEDOM]

Primarily, isa rin to sa plano ko...to get an MBA kaso I still need to save funds for it pa...siguro isa sa mga dahilan is I just got inspired from some of my professors in college....yun nga ang na-mention nila "pwede ka magturo sa college, nagkakaroon ka ng presyo/edge sa corporate setting at for connection " ika nga nila. though yung ibang prof nga namin na may MBA e nang-galing sa corporate world then eventually nag-business na lang din, yung iba still connected pa corporate at parang hobby na lang ang patuturo every weekends, yung iba naman is walang business, gusto lang daw nila magturo talaga in a collegiate environment and to share knowledge/concepts to the youth.

[1D4LV]

IMO, you don't need it if you're eventually going into business. What you need is experience and connection plus of course capital.

I feel MBA are only important for corporate world.

Yun kinapatid ko nag MBA sa AIM before punta punta pa Japan for thesis yata or Europe yata.

Eh di ganun din Ang bagsak sa family business pa rin nila.

yung utol ko may MBA din sa AIM.
di nagtatagal sa trabaho.... mindset pa din eh.... ayaw atang magtrabaho.... pang display lang sa CV nya yung MBA nya.
MBA is also not that important in the corporate world, imho.... but is highly considered in huge multinational companies. however, important ang MBA kung mag teach ka sa college, for reasons that I am also curious of.

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IMO, you don't need it if you're eventually going into business. What you need is experience and connection plus of course capital.

I feel MBA are only important for corporate world.

Yun kinapatid ko nag MBA sa AIM before punta punta pa Japan for thesis yata or Europe yata.

Eh di ganun din Ang bagsak sa family business pa rin nila.

yung utol ko may MBA din sa AIM.
di nagtatagal sa trabaho.... mindset pa din eh.... ayaw atang magtrabaho.... pang display lang sa CV nya yung MBA nya.
MBA is also not that important in the corporate world, imho.... but is highly considered in huge multinational companies. however, important ang MBA kung mag teach ka sa college, for reasons that I am also curious of.

[1D4LV]

IMO, you don't need it if you're eventually going into business. What you need is experience and connection plus of course capital.

I feel MBA are only important for corporate world.

Yun kinapatid ko nag MBA sa AIM before punta punta pa Japan for thesis yata or Europe yata.

Eh di ganun din Ang bagsak sa family business pa rin nila.

there has to be other factors why a business fails... its not just because of the MBA, imho.
pero kung lahat ng hawakang negosyo ay bumabagsak, its not about the other factors, but the people/person handling the business.

- - - - - - - - - - - - - - - - - - - - - -

IMO, you don't need it if you're eventually going into business. What you need is experience and connection plus of course capital.

I feel MBA are only important for corporate world.

Yun kinapatid ko nag MBA sa AIM before punta punta pa Japan for thesis yata or Europe yata.

Eh di ganun din Ang bagsak sa family business pa rin nila.

there has to be other factors why a business fails... its not just because of the MBA, imho.
pero kung lahat ng hawakang negosyo ay bumabagsak, its not about the other factors, but the people/person handling the business.

[Altis6453]

Having worked for 3 large business conglomerates, I've observed that:

1. The OWNERS themselves do not have MBAs but have successfully built their businesses into a billion-peso enterprise.

2. The people they hire with MBAs are mostly those who they thrust into Finance or Business Development roles. Or, those who prepare reports for P&L and those who conceptualize what project to do next.

3. It's still those employees or their people who have the ability to think out-of-box who are put in higher positions and have greater responsibility and these guys, more often than not, do not possess an MBA.

[dreamur]

If you have minimal management subjects during undergrad studies, an MBA degree would help you understand the business lingo and create business models and analysis for decision making. Most of the business degrees (accountancy, management, commerce, etc.) have more comprehensive coverage on business topics than an MBA course.

[1D4LV]

If you have minimal management subjects during undergrad studies, an MBA degree would help you understand the business lingo and create business models and analysis for decision making. Most of the business degrees (accountancy, management, commerce, etc.) have more comprehensive coverage on business topics than an MBA course.

wala akong MBA and I have less than 3 units of business subjects when i was in college (ECE grad ako eh...)
i've learned accountancy first via basics, then I've taken additional courses on accounting and financial management.
management, hmmmm..... via experience, i guess? although I have read tons of management books.
business development, marketing and sales would be the hardest for me to understand and i am still learning the ropes via reading and self-study.

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If you have minimal management subjects during undergrad studies, an MBA degree would help you understand the business lingo and create business models and analysis for decision making. Most of the business degrees (accountancy, management, commerce, etc.) have more comprehensive coverage on business topics than an MBA course.

wala akong MBA and I have less than 3 units of business subjects when i was in college (ECE grad ako eh...)
i've learned accountancy first via basics, then I've taken additional courses on accounting and financial management.
management, hmmmm..... via experience, i guess? although I have read tons of management books.
business development, marketing and sales would be the hardest for me to understand and i am still learning the ropes via reading and self-study.

[StockEngine]

I have no mba but my boss does. It certainly is amazing to see his mgmt skills around other co-engineers. Boss certainly can take over the business from the Big Boss.

If you are eager to learn beyond your current capacity. I would suggest getting one.

My current company does look into employees educational background. Our competitors also look for such qualifications.

[Juan Martinez]

^you didn't let your studies get in the way with your education bro ☺

[StockEngine]

^you didn't let your studies get in the way with your education bro ☺

Thanks 👍

But there is still so much to learn...eager*ahem

[Juan Martinez]

i read an article in the Inquirer (May 27, 2015) about the top 10 highest paid CEOs in the US. when i come across this thread i took the extra mile and checked who among them have MBAs, here they are:

1. David Zaslav, Discovery Communications- Boston University, School of Law

2. Leslie Moonves, CBS- BS grad of Bucknell

3. Philippe Dauman, VIACOM- Undergrad at Yale
Law at Columbia

4. Robert Iger, Walt Disney- BS at Ithaca University

5. Marissa Mayer, Yahoo- undergrad: Stanford
MS: Stanford

6. Leonard Schleifer, Regeneron Pharma-
BS at Cornell
MD at University of Virginia

7. Marc Benioff, salesforce.com-
Business Administration at University of Southern California

8. Jeffrey Leiden, Vertex Pharma- BA, MD, PhD all at University of Chicago

9. Brian Roberts, COMCAST- BS at Wharton School of the University of Pennsylvania

10. Jeffrey Bewkes, Time Warner- Philosophy at Yale

none of them have MBAs. please correct me if I'm wrong. thank you.
By the way, what does it tell us?

[dreamur]

^That it is not WHAT you know but WHO you know! Lol bro!

[Juan Martinez]

^That it is not WHAT you know but WHO you know! Lol bro!

:D yan din bro!

[badkuk]

Truth is i'm looking into finance/investing, or maybe putting up a business. Putting up a business nowadays(and making a big profit) isn't as easy as it was before, so finance is looking pretty good...but unless i get an actual job in finance, i don't see it providing a steady stream of income.

Me kilala akong ilang matatanda who've saved up a pile of money, ngayon pa-invest invest na lang sa uitf, and they're getting by. i do have a pile of my own, but so far my forays have been less than satisfactory. Still earning my tuition i guess ^_^

[CLAVEL3699]

I already finished one Masters Degree pero need to take up MBA-Regis... Need sa work dami pang hindi alam.