Originally Posted by Captain A v2.0
I don't mean to be blunt or rude, but you're going to need a lot more experience than just that. It's often suggested that you need several years of actual business experience before you think about an MBA.
I agree with this. I have heard numerous business professionals say that many recent college grads are pricing themselves out of jobs. If you get an MBA right after your undergrad, you're going to expect an MBA level salary. But unless you get that MBA from HBS, Wharton, or Booth, most companies probably won't see you as being worth what that piece of paper generally commands. You however have invested a lot of time and money into that paper and feel that you are worth it. So you're at a crossroads...either you hold out until someone makes the mistake of paying you MBA level money, or you settle for somewhere in between undergrad and MBA money...either way, it's less than ideal.
Originally Posted by Mr.Familiar
I've been to the programs info session and spoken to the program directors and that is not always the case. They advertise the program throughout the campus for graduating seniors as well as I've seen statistics analyzing that something like 40-50% of MBA grad students are right out of their undergrad.
You're definitely not ready for business
school if you think this. You've obviously failed to realize that colleges are businesses
and would willingly take your money. In fact, some schools are so willing to take your money that they don't even have GMAT or comparable test requirements. Rather than looking at a stat that says 40-50% of MBA students entered straight from undergrad, why don't you look at the average starting salaries post-MBA of people with prior work experience and those entering directly from undergrad. Also look at how long each group on average took to find a job, and what percentage of each group still haven't found jobs 1 month out, 3 months out, 6 months out, etc. I bet you'll find the group with prior work experience does significantly better in all of those regards.
Originally Posted by mnp8nt
Many of the less 'prestigious' schools dont require work expierence.
True, but why wouldn't you want to try to go to a good/prestigious school? Being in the workforce now, I can tell you that I give absolutely 0 value to MBA's from **** schools. Some schools that offer MBA's shouldn't be allowed to call them MBA's. I think you'd be better off saving the tuition money and just working your way up in a company than getting an MBA from some of these schools...
These are my opinions based on my observations and experiences. I had briefly considered going straight for my MBA after I finished undergrad, but after further research decided that it would be much better to get 3-5 years of experience under my belt.
*the lowest average age on that list that I spotted in a quick scan was 25, and the average average age was probably 28. Most of the top-ranked schools looked to have average ages in the 27-29 range.
I think alot of times people rush to get graduate degrees, particularly MBA's, because they don't like the job offers they've gotten out of college (if any) or they just want to put off real life for awhile longer. If you haven't been able to find any job, and are able to get into a half-decent MBA school, then that may be a valid option.
Just 2 final questions for the OP: Is the MBA you're considering from the same school that you got your undergrad degree? What is your undergraduate degree?