Does Anyone Here Have an MBA?

28 replies
Hey everyone,

I was just curious, does anyone here have an MBA (or currently in an MBA program like I am)?

If so, how are you applying what you learned (or are learning) in your MBA program to IM?

Thanks!

Justin
#mba
  • Profile picture of the author persistence
    I dont have an MBA but a basic degree. Does it help? I think the most important is to apply the knowledge you get and maybe set up a niche market regarding the knowledge that you studied for
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  • Profile picture of the author ryanman
    It would not really help with anything online as far as I can say. The only MBA one should look for is a MEGA BANK ACCOUNT(MBA).
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  • Profile picture of the author MaskedMarketer
    Yup. Got a good deal on my MBA, less than $20

    Amazon.com: The Complete MBA for Dummies:...Amazon.com: The Complete MBA for Dummies:...
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    • Profile picture of the author RockstarBen
      Hi MaskedMarketer and Warriors!
      I just joined the forum and am excited about this amazing exchange of info.

      I do have an MBA and it has been very helpful in my entrepreneurial endeavors. When I was still in college (almost 10 years ago), I had my first internet related business and it grew more rapidly than I would have imagined. I graduated with little need for a job, but after a year I made a decision to do things easy and that led me to give up the school of hard knocks and get an MBA.

      I was one of a handful of students in my University, here in Austin, to take part in the entrepreneurship focus. I recall my business school peers constantly giving me that look - "you must be nuts" when they discovered I had no intention of joining the workforce with my credentials. I would sarcastically tell people that "I am actually here to learn, no really!"

      Anyway, I run an ad agency and mostly help other businesses prosper from IM. My MBA has served me very well. The fundamentals of good business practice and immersion really gave me a leg up in knowledge. Knowledge that I would have admitedly aquired on my own, but that would have taken a lifetime of learning vs 1 year in an accelerated program. Also, having the letters next to my name, at least in the offline world, add credibility in engaging potential clients and closing deals...

      I am excited to find such a great community like this and look forward to sharing what I know and learning more from all of you. It is now time for me to get more IM assets for myself.
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      • Profile picture of the author JCWHong
        Yeah, at business school, I don't think I have heard of one person discuss trying to make money through internet marketing. There are some entrepreneurs, but most people are just heading back into the corporate world (with, of course, with higher incomes).

        I don't see myself being an employee at a big corporation anymore (been there done that), so I wanted to see if anyone else with an MBA had also disregarded the typical corporate post-MBA path to pursue IM or other non-traditional MBA fields.
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        Justin


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      • Profile picture of the author Scott Million
        Originally Posted by SheriffBen View Post

        Hi MaskedMarketer and Warriors!
        I just joined the forum and am excited about this amazing exchange of info.

        I do have an MBA and it has been very helpful in my entrepreneurial endeavors. When I was still in college (almost 10 years ago), I had my first internet related business and it grew more rapidly than I would have imagined. I graduated with little need for a job, but after a year I made a decision to do things easy and that led me to give up the school of hard knocks and get an MBA.

        I was one of a handful of students in my University, here in Austin, to take part in the entrepreneurship focus. I recall my business school peers constantly giving me that look - "you must be nuts" when they discovered I had no intention of joining the workforce with my credentials. I would sarcastically tell people that "I am actually here to learn, no really!"

        Anyway, I run an ad agency and mostly help other businesses prosper from IM. My MBA has served me very well. The fundamentals of good business practice and immersion really gave me a leg up in knowledge. Knowledge that I would have admitedly aquired on my own, but that would have taken a lifetime of learning vs 1 year in an accelerated program. Also, having the letters next to my name, at least in the offline world, add credibility in engaging potential clients and closing deals...

        I am excited to find such a great community like this and look forward to sharing what I know and learning more from all of you. It is now time for me to get more IM assets for myself.
        Austin, huh? You should connect with my dad Million Design Group - website design, SEO and internet marketing services

        He does web services and design in Austin.

        Anyway, I'm sure an MBA helps, but I got my undergrad in Marketing Management from the Whitman School of Management at Syracuse University and I learned more in one month on the Warrior Forum than I did from 4 years of intense education.

        Well...not that intense .

        I just can't imagine what more an MBA would do for me...unless I work for someone else?

        The ONLY reason I'd get my MBA is for the networking opportunities...Either way I'd rather spend that money on tools for my business
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  • Profile picture of the author Ron Douglas
    Originally Posted by JCWHong View Post

    Hey everyone,

    I was just curious, does anyone here have an MBA (or currently in an MBA program like I am)?

    If so, how are you applying what you learned (or are learning) in your MBA program to IM?

    Thanks!

    Justin
    Yes, I got my MBA back in 2001. It has helped me a lot with managing my business. It has also helped me become adept at managing my time, money and resources. I think it gave me a solid foundation and was a really good experience, especially since JP Morgan paid for the tuition when I used to work there.

    Don't underestimate how important management skills are to running a business.
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  • Profile picture of the author 20colors09
    I have a MBA degree with me. I did MBA in Marketing and did it from India as I am an Indian. It has definitely helped me in my career of IM.
    i would advice everyone here to do MBA for success in your career path.
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    • Profile picture of the author Peter Burke
      Hi Justin

      I have an MBA(fin) (that is an MBA in Finance).

      I found it very useful in the corporate world especially getting up the career ladder (until I was 'estimated to be too expensive 2 years ago)

      So I dropped out of the career 'minefield' to do my own thing and 'stumbled upon' I.M.

      I decided to go full time in I.M. and learn as much as I could in this field and am only just starting to make money - I supplement my income with consultancy work which allows me to pay most of the bills and focus on this. That is a major benefit of having the MBA - you get paid well for the consulting work you do!

      The MBA has been totally 'useless' as far as the 'type' of knowledge required for I.M. but totally invaluable in being able to understand what is important to learn and what is not. It has also been invaluable in understanding that there isn't one solution but many.

      It also helps 'sharpen' the mind. I have found I pick up and can disseminate complicated concepts much faster.

      Stick with it Justin - having an MBA is better than not having one - it's something you earn that can't be taken away from you!!


      Regards


      Peter
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      • Profile picture of the author dmderoeck
        Yes, I earned my MBA in 2003'

        Has it helped in IM? Yes and no. I personally do not believe you can point to one thing over the life of your higher educational endeavors to become an expert in one area, especially something as broad as an MBA. It's more of an intangible. It's the culmination of time spent studying and applying business practices in the "real world" where the benefits are truly realized.

        I would agree with this synopsis...
        "The MBA has been totally 'useless' as far as the 'type' of knowledge required for I.M. but totally invaluable in being able to understand what is important to learn and what is not. It has also been invaluable in understanding that there isn't one solution but many."

        That said though, I would always recommend to somebody that higher education as a means of self improvement and enriching your career is a good thing, something "they can never take away from you." And, I'm glad I have it.
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  • Profile picture of the author DavidMMoore
    Hi all,

    I am currently working on my MBA in Finance and Entreprenuership. While some of the classes are directly applicable to my business (Micro-Business Consulting), I'm finding that the most benefit comes from the large amount of research that I have to do and the tools that I use to do it. IMHO any education is good.

    Best of Luck in '09
    David M.
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    • Profile picture of the author carmene
      I have an MBA and I went to an entrepreneurial friendly college but there was no focus on entrepreneurship as I imagined.

      All in all my MBA is a part of me and I can honestly say it has helped me with the accounting in my businesses most of all. The other courses were too corporate focused to help me in my own business, but do I regret it? Heck No.

      I know that I can get a job at the drop of a hat with the MBA and my technical skills and I feel pretty certain that the MBA is what's opening the doors.

      If I were to do it again, I would skip the MBA and learn IM very early on.
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  • Profile picture of the author Kurt Henninger
    Haven't completed my MBA, but about 1/2 way through. I've worked as an operations and financial manager at a large Fortune 100 firm though, which was far more beneficial.

    My MBA courses helped my ZERO with IM...it was all just theory and not applicable to direct response marketing like the internet.

    My experience in corporate america helped out FAR more. The bottom line is the bottom line ya know?
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  • Profile picture of the author Talltom1
    Just a couple of quick observations...
    I also have my MBA, in marketing. At the time I also took some of my 'electives' in graduate level software engineering courses. That was at least 16 years ago.

    Needless to say, on a day to day, practical level, everything I learned then is now obsolete. The software part of it....well that was when I would buy MS Office and have a package of (19) 3.5 inch floppies to install. Then MS announced they would be closing their floppy disk manufacturing facility and putting their product on a 'what?" A single silver disk?

    The marketing part - well, I had just replaced the XT on my desktop with a brand spankin' new AT unit. An Internet what??? Many of the rules of offline marketing stuff I've learned have been completely rewritten over the years with the dawn of the information age.

    HOWEVER, the MBA really does give me a highly skilled sense of HOW a business should operate, what motivates business buyers, and why. For the IM crowd that is not in a b-to-b niche, that'd be less important. But despite being in marketing my entire career, I have a solid grasp of accounting and finance issues with which to operate my business.

    Talltom
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  • Profile picture of the author madison_avenue
    I read this in Thomas Stanley's book: The Millionaire Mind. He shows that academic attainment is irrelevant as a defining characteristic of successful wealthy entrepreneurs:

    "University of Georgia and Harvard demographer Jon Robbin's research showed the average millionaire had a lowly 2.92 GPA, SAT scores between 1,100 and 1,190 and teachers who told them they were mediocre students but personable people. "Discipline 101 and Tenacity 102" made them rich."
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  • Profile picture of the author raynman
    I finished my MBA in May of 2002.

    One of the things that they stressed in the beginning of the program was how how to learn. Mainly how to look at problems and find the best answers using research and different problem solving techniques, making the the most of the resources at your disposal whether they be employees, outsourcing, software....anything. Every class that I had, whether Quantitative Business Analysis, Financial Management, Corporate Strategy and Planning, or whatever, approached each topic this way trying to find solutions to problems on our own.

    It isn't necessarily the information that we learned in classes or read in books...it was the way we perceived what was going on around us and how to deal with appropriately the problems/opportunities that came our way.

    Using teams was also huge for us. Building teams using core strengths of the members of your teams and letting them find ways that talents could be used effectively to reach a desired goal. We learned to let each member use their in their own way and trusting that they were able to pull their own weight and whatever approach they took to address a problem. This is going to be very helpful in future JVs that I hope to take on.

    Problem solving skills and research methods have been very key in my getting started. With article writing....I just approach it the way I did the hundreds of papers that I had to write and procrastinated on. I became able to write a 20-25 page paper in 48 hours or less. My papers were always good and received well by teachers. I do my best work under pressure and thrive on it.

    Truthfully, I have found that I use my education a whole lot more in IM and will be doing so in the future than I ever did in the "real world." It's a whole lot more interesting as well.

    The most important thing that I learned from achieving my MBA was confidence that I could succeed. Not bad for a high school drop out with a GED, huh? Don't tell me I can't make it.
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  • Profile picture of the author raynman
    Kind of in response to cousin Vinny up there but not a criticism...

    After I dropped out of high school I really didn't do anything for quite a few years. I got my GED when I was 21 so I could get a job. I went back to college when I was 26 because I was tired of driving a fork lift and I kept hearing all those voices from my past telling me that I wouldn't ever amount to anything. I went and found a college that was willing to take a risk on me and graduated. Just the fact that I was able to stay with it proved many people wrong, including myself. When I finished my bachelors at 30 years old I went straight into the MBA program that my school had going. I finished the program in 2 years.

    Could I have been successful without it? Who knows? It didn't look like I was going anywhere riding that fork lift. The guys getting the promotions were the ones who had those degrees. I wanted my piece of the action. I went to school to find out how to get promotions and grow in a company somewhere, climbing the corporate ladder like my dad did. What I found out was that I was better than that. I found out because of my "formal" education that there was a whole lot more to this world than I thought. I found out that it was much bigger than the worldview that I used to have and I found out that climbing the corporate ladder was far too confining and I have searched long and hard to find my way here.

    A "formal" isn't essential to make it for everyone. For me it was. Find your own path. Don't accept that any one way is better or more respectable than another and don't think that someone doing it another way is a chump. We're all in this together now. Use what we got and make it grow together.
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  • Profile picture of the author xenter
    has anyone done a cost analysis for an MBA program?

    My god...
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    • Profile picture of the author raynman
      Originally Posted by xenter View Post

      has anyone done a cost analysis for an MBA program?

      My god...
      yep....did one for having a child as well. both are worth it. (of course a child is far more valuable )
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      • Profile picture of the author Jeff Henshaw
        I was just curious, does anyone here have an MBA (or currently in an MBA program like I am)?
        Hi Justin,

        I obtained my MBA from the Cardiff Business School at the University of Wales, many years ago. I was not a young man when I began my studies and was thus well versed in the world of 'work' and of 'life experience'.

        Strange as it may seem to younger readers of this post, the more mature 'students' seemed to obtain better results in the individual 'challenges' than did the new under graduates.

        When it came to the team event projects however, the contributions of everyone, regardless of age or experience were invaluable.

        Many of the older people and more experienced people who were studying with me used to refer to the MBA (tongue in cheek) as a Master of Bugger All. The main reason being that most were already professionally qualified in a particular field (think niche - such as law or accounting) and that is where their income came from. An MBA is a more general degree (think perhaps IM!)

        While I did not agree with the above sentiment, an MBA is, after all, a qualification designed to cover many aspects of business, including strategic planning, business planning, marketing, operations management, project management, people skills, business statistics, financial management and a multitude of other important topics.

        No one can master all of these.

        Everyone that I ever spoke to on the course (it was of two years duration) said that it was the most intensive and difficult course that they had ever undertaken. I can't disagree with that.

        So to conclude my ramblings.

        The two most important things that I gained from my MBA, all those years ago were:

        - You gain enough knowledge to be an asset to your chosen business/corporation, but only by being able to recognise and identify areas where you need to call in (commission) a professional who specialises in the area(s) of the business that you have identified as needing attention. You don't attempt to take direct action yourself unless appropriately qualified and experienced.

        - Keep in touch with all of the contacts and friends that you have made during the course of your studies. All will have different skill levels, personalities, contacts and so on and will find careers throughout industry, business and commerce. Some may become invaluable to you (and you to them) as you develop your chosen career.

        This is just my personal experience Justin and I hope that you read it.

        Please don't forget though that although learning is important, taking action to earn from what you learn is equally important.

        Good luck with your studies and your chosen business/career.

        Regards,
        Jeff Henshaw.
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        • Profile picture of the author kumar
          I only have a GMAT (720). Planned on applying to Kellogg and Wharton, but later decided to stay in India..not that I would have got admission there anyway
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  • Profile picture of the author RockstarBen
    Hey Scott! Any relation to Matt from Arlington?

    An MBA is not necessary. I got one because I wanted to do it for myself. Like anything, what you do to improve your knowledge is not as important as how you use it...
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  • Profile picture of the author JCWHong
    Thank you, Jeff, for your words.

    And thank you for everyone else that has contributed to this thread. In my (approximately) year and a half, I've taken a bunch of classes (economics, accounting, strategy, operations, and so on), but I can't really exactly remember too much content from these classes. With IM, however, I can really see how business works. My point is that education can't really make up for real-world experience.

    I agree with those of you that said that the contacts that you make at and through school are invaluable.
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    Justin


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    • Profile picture of the author melvinm
      I have an MBA that too Marketing, it definitely changes your outlook towards business and life. I loved the course and the networking opportunity I had because of it. And it did help me get a great job, but if you really do the cost benefit analysis , I would rather invest in a business I am passionate about , there are things you learn in a class room and then are things which only experience can teach you- no one can teach you business acumen. Its good to have a balance but take it from me there is nothing more effective than passion and motivation.I have friends who have passed off with flying colors but just couldn't handle the pressures of real life and lost the plot. Aim high and most importantly go after it as if your life depended on it.
      Regards
      Melvin
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