Thursday, June 2, 2011

But don't take my word for it.... Getting an MBA

Okay, I'm totally dating myself here, but do you remember the show Reading Rainbow?  It was a PBS show that aired in the 80's and 90's that encouraged kids to read.  The last segment of the show always featured kids reviewing books they read cued in by the host saying "but you don't have to take my word for it". You can probably find old episodes of the show on You Tube but what's important here is that the show is directing viewers to independent opinions (okay, maybe not.  I doubt the producers would have included kids with negative reviews) and opinions other than those of the host.

So I have no idea how this popped into my head, but I figured why not do something similar on the blog?  Here I am nattering on about MBA this, student loans that, budget blah blah blah, but what do others have to say?  There are tons of people out there who are smarter, more experienced, and wiser than me.  Let's start with if it's worthwhile to get an MBA.  That's something that I have to assume in order to make this whole endeavor worthwhile and my blog pretty heavily reflects that.  But you don't have to take my word for it, there are plenty other PF bloggers out there with opinions on the subject.  Here are some others' takes:

First up, Studenomics has a post called Considering An MBA?– What You Need To Know

Is A Master’s Degree Really Worth It? is asked at The Wisdom Journal

Tough Money Love dishes out some tough love saying that Business School is a Waste of Time and Money

Is an MBA Worth It? is specifically addressed at Get Rich Slowly

Punch Debt in the Face talks more generally about why Grad school is overrated

Why (and How) Some People Succeed in Business Without Getting an MBA at Free Money Finance

Plan To Get An MBA Degree: Focus on Silicon Valley at The Digerati Life

Financial Samurai debates To MBA or Not To MBA

Is a Graduate Degree Worthwhile or Worthless? is thoroughly discussed at Consumerism Commentary

Penelope Trunk has also discussed if MBAs are becoming obsolete

So there you have it.  Ten alternative opinions about the value of an MBA.  Now you really don't have to take my word for it, you can easily form your own opinion in case you didn't already have one.

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  1. Been enjoying your posts, thanks for sharing. I plan to get my MBA eventually, but I think a lot of the value of the degree depends on what you want to do after.

    I was curious if you have a post-MBA industry or career in mind?

    Also, have you considered starting a nodebtMBA twitter account? It would make it a little easier to retweet some of your posts and there's a great finance community on there.

  2. Hey there,

    Found you from a comment on the blog.

    In addition to the opinions above, there's also a site at

    The idea behind the site is that you can educate yourself about business, WITHOUT going to business skill and saving hundreds of thousands of dollars.

    I'm not affiliated with the site, but I do like the idea behind it.

    Perhaps it's something you may be interested in.

  3. MoneyInYour20s - I don't have an industry or career in mind yet. It's a big reason I want to stay debt-free; I don't want student loan payments limiting my options.

    I actually started thinking about a twitter account when I noticed people coming in from there after you tweeted my article (thanks by the way). Not sure yet since I don't know what I'd put on it, but thinking about it.

    Darren - Great point with Personal MBA. They've got some great resources on their site and I think Kaufman definitely has a point that a motivated person seeking the content of an MBA can totally DIY.

    I'm trying to read my way through their book list (not making a lot of progress though) but still think that an MBA is relevant for me for the networking, in-person classes, and career implications.