This is a fantastic program.
We have completed four months and its coming together nicely. Its a team of 27 people who are going through the entire program together.
Statistics
Ethics
Acctg
Operations
Marketing
Entrepreneur
We're on break and getting ready for the next term. The class has an opportunity to work with REMAX International. Dave Liniger stopped by to tell us his amazing story and left behind his senior management to deliver the challenges that REMAX faces. REMAX is the only company to have continuous quarterly growth for the last 30 years!
I've got 5 copies of "Everybody Wins." Let me know if you would like to read one. It tells the REMAX story and highlights the business and management lessons learned.
To choose an MBA or NOT :
We have completed four months and its coming together nicely. Its a team of 27 people who are going through the entire program together.
Statistics
Ethics
Acctg
Operations
Marketing
Entrepreneur
We're on break and getting ready for the next term. The class has an opportunity to work with REMAX International. Dave Liniger stopped by to tell us his amazing story and left behind his senior management to deliver the challenges that REMAX faces. REMAX is the only company to have continuous quarterly growth for the last 30 years!
I've got 5 copies of "Everybody Wins." Let me know if you would like to read one. It tells the REMAX story and highlights the business and management lessons learned.
To choose an MBA or NOT :
- An MBA is excellent for a person who is looking to transition careers or broaden their technical knowledge or would like to increase their productivity.
- An MBA is not for a recent undergrad, a business student, or someone trying to make a quick dollar.
There are 3 camps of MBA candidates :
-those that were so hard-headed that they didn’t notice the transformation
-those that are totally enlightened
-those that slid through, got the diploma, but cheated the system through choosing a bad program and weren’t experienced enough to ingest a business program
You can already figure out which one you will be before you enroll.
Which MBA to choose :
You get what you pay for. But what do you want to pay for? A prestigious name, an excellent alumni network, or knowledge?
An MBA is a perfect tool for taking advantage of the entrepreneurial opportunities that will cross your path and for balancing out a technical background (computers, software, engineering, medicine, law). I assure you that every program has access to decent professors and the same case studies. Ratings are ridiculous, self-fullfilling prophecies and Kellogg is total hype.
Consider three possibilities of why you consider an MBA : personal goal (always wanted one), move up within your company/industry, transition/balance your technical expertise with the world of knowledge that you are missing.
Personal goal : Any in-class program will do. Choose the best one available locally or where you are willing to relocate. You are buying a better experience as you consider better programs simply due to the caliber of classmates that will become your future alumni network. Ideally, any of the professors will be prestigious from a past career or currently esteemed in their specialty; the course material, cases, books will be the same wherever. A more quality program will provide a greater percentage of quality, motivated classmates that will take the program further. You don’t want to be in a whiny, juvenile class where everyone begs the teacher to lower the bar and let class out early (because they are tired, busy, etc.).
Moving up within your company : Unless you are highly motivated to discover the things you don’t know, you might as well get an online degree. You are probably not interested in creating valuable networks or taking the information offered to deeper levels of understanding. You have your future career path secured; you don’t feel the stress of discovering all aspects of business, finance, marketing, human resources, strategic management, and technology, you will only focus on the 15% that seems to directly apply to what you’ve already experienced. This journey must be a spiritual journey for you in order to reap the benefits of most candidates. If you desire a challenge to improve yourself, go for a technical degree.
Transition / balance : An MBA is an ideal challenge for you. It will blow you away as you dig into the psychologies of angels, customers, and employees. Its about getting more out of life and business than you ever would have without. There is so much in life that seems like just noise to you, and you hardly notice it. P/E ratio, arbitrage, monetary policy, ethics, business law, BFOQs, 5 elements of strategy, Porter’s 5 forces model, expatriates, contribution margin, SOX, MNC, CPM, EV, Eurodollar, skimming, sight draft, Herb Kelleher, Jim Collins, Michael Porter, really understanding the levers that affect each item on the three standardized financial reports of an annual report. You really don’t understand the IRR of 25% required by a company to take on your great idea (that you’re sure is an easy $1M profit) and why VCs are looking for a 500-1000% return. You can look up these definitions, but an MBA is going to completely introduce you to these many new concepts multiplied by 100.
Online and part-time MBAs are available for those who are seeking internal advancement along an existing career path. They don't compare in the quality, synergy, collaboration, and immersion of a full-time program. The part-time programs are equivalent to receiving online corporate training or reading a book list and is selected for logical reasons outside of most people’s considerations. The part-time experience is not the intense, thought-provoking, corporate partnering, globalizing experience that is expected of today’s MBAs.
-those that were so hard-headed that they didn’t notice the transformation
-those that are totally enlightened
-those that slid through, got the diploma, but cheated the system through choosing a bad program and weren’t experienced enough to ingest a business program
You can already figure out which one you will be before you enroll.
Which MBA to choose :
You get what you pay for. But what do you want to pay for? A prestigious name, an excellent alumni network, or knowledge?
An MBA is a perfect tool for taking advantage of the entrepreneurial opportunities that will cross your path and for balancing out a technical background (computers, software, engineering, medicine, law). I assure you that every program has access to decent professors and the same case studies. Ratings are ridiculous, self-fullfilling prophecies and Kellogg is total hype.
Consider three possibilities of why you consider an MBA : personal goal (always wanted one), move up within your company/industry, transition/balance your technical expertise with the world of knowledge that you are missing.
Personal goal : Any in-class program will do. Choose the best one available locally or where you are willing to relocate. You are buying a better experience as you consider better programs simply due to the caliber of classmates that will become your future alumni network. Ideally, any of the professors will be prestigious from a past career or currently esteemed in their specialty; the course material, cases, books will be the same wherever. A more quality program will provide a greater percentage of quality, motivated classmates that will take the program further. You don’t want to be in a whiny, juvenile class where everyone begs the teacher to lower the bar and let class out early (because they are tired, busy, etc.).
Moving up within your company : Unless you are highly motivated to discover the things you don’t know, you might as well get an online degree. You are probably not interested in creating valuable networks or taking the information offered to deeper levels of understanding. You have your future career path secured; you don’t feel the stress of discovering all aspects of business, finance, marketing, human resources, strategic management, and technology, you will only focus on the 15% that seems to directly apply to what you’ve already experienced. This journey must be a spiritual journey for you in order to reap the benefits of most candidates. If you desire a challenge to improve yourself, go for a technical degree.
Transition / balance : An MBA is an ideal challenge for you. It will blow you away as you dig into the psychologies of angels, customers, and employees. Its about getting more out of life and business than you ever would have without. There is so much in life that seems like just noise to you, and you hardly notice it. P/E ratio, arbitrage, monetary policy, ethics, business law, BFOQs, 5 elements of strategy, Porter’s 5 forces model, expatriates, contribution margin, SOX, MNC, CPM, EV, Eurodollar, skimming, sight draft, Herb Kelleher, Jim Collins, Michael Porter, really understanding the levers that affect each item on the three standardized financial reports of an annual report. You really don’t understand the IRR of 25% required by a company to take on your great idea (that you’re sure is an easy $1M profit) and why VCs are looking for a 500-1000% return. You can look up these definitions, but an MBA is going to completely introduce you to these many new concepts multiplied by 100.
Online and part-time MBAs are available for those who are seeking internal advancement along an existing career path. They don't compare in the quality, synergy, collaboration, and immersion of a full-time program. The part-time programs are equivalent to receiving online corporate training or reading a book list and is selected for logical reasons outside of most people’s considerations. The part-time experience is not the intense, thought-provoking, corporate partnering, globalizing experience that is expected of today’s MBAs.
Bonus points if you can participate in a program with an int’l component. Go put your new business navigation skills to the test in Europe or China. Our Univ. of Colorado class went to EDHEC in Nice this year; it’s a mandatory component in realizing other business systems and cultures, because what industry isn’t global today?
Good luck!
[UPDATE 07-08-20] Forbes indicates that even the best schools take from 3.5 to 4.5 years to breakeven with your tuition investment. Forbes best business schools.
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