...candidate for their position. The question, then, is how does one stand out and be recognized by a potential employer rather than simply getting lost in the mix? Many people turn to furthering their education by obtaining a Master of Business Administration (MBA) to give them an advantage over their peers. Although a person is furthering their education and refining their skills, the decision of obtaining an MBA is met with opposing views. One of the most debated aspects of an MBA program is its ability to set a person up for financial success. Many wonder if the benefits of the degree are worth investing in if it may limit options and create debt. In an article from CBS Money Watch, author Trunk (2011) comments that the amount of time one invests in getting an MBA could be applied to on-the-job experience instead. The author argues that experience will equip them as equally as investing that time in education only without having student loans. On-the-job experience is important, but continuing education and refining communication skills will help to broaden a student’s ability to apply oneself in the work place. Moreover, there is generally a financial earnings increase associated with successful graduates of MBA programs. In data collected from Occupational Outlook Quarterly in 2003, the median weekly earnings of a person with a master’s degree were approximately $422 higher than those without a degree (Lacey & Crosby, 2004-2005). That is $22,900 more...
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...Decision in getting an MBA Decision to get an MBA At a young age, my initial dream profession is through the imagination in becoming a successful teacher, and later changes my mind in visualizing, pursuing my education Health Care Management and finally ended the ultimate decision on pursuing on MBA. The decision-making development headed for accomplishing my MBA entails heavily preceding the optimistic side; in comparison to the opposing objection. It has been three long years ever since I graduated and achieved my bachelor’s degree in Workforce Education and Development. The raising objection is in conjunction with the various contemplations came to mind, afore the explanations the motivation why my decision concluded to concentrate an MBA program. In today’s economy, the competition is rather difficult without a graduate degree, struggling together, is the United States Navy. The Navy mandated several policies toward downsizing certain ratings for personnel staffing, luckily enough, my rating is not on the planned policy. The continuation advantage in the development of my professional and personal growth in pursuing MBA is fundamentally marketable as an active duty military and enhance potentially in civilian life. Taking into consideration the majority of years’ experience, as military active duty Logistics Specialist, MBA program willpower me an opportunity to strengthen my global business background, expanding my networking...
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...Decision to Pursue an MBA Dexter G. Ronquillo MGT/521 18 July 2010 Kate Stowe At present, I am the Detachment Leading Petty Officer in my division. My job involves a lot of planning and deals mostly with administrative side of the house. My division is the one in charge of supporting various squadrons with high priority missions in various locations. As the Detachment LPO, it is my duty to make sure that the equipments we are sending out in different sites will perform according to what they are designed for and will last throughout the entire deployment. In view of the fact that there are only few personnel who can go and perform maintenance on the equipments, plus, there is only limited parts and supplies that goes with it, I have to make sure that all necessary maintenance, scheduled or unscheduled, are conducted prior to shipping the gears. That involves the planning that I mentioned earlier, which is new to me because this is my first time to have such type of responsibility for I am working on a different level in my previous command. I also have to deal with my chain of command more often at this moment because I report to them directly. We always have meetings and conferences. The higher ups are always discussing wide scope of projects, budgets, and a lot of administrative matters. Most of the time, I cannot understand the way their communication goes because of lack of business or administrational background. With this abrupt change...
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...7/29/2014 The MBA Decision - 1. How does Ben’s age affect his decision to get an MBA? A.) Age is a very important factor when deciding to go back to school. It certainly was when I decided to go back for my MBA at Gannon. I was 34 years only when I started this program and will be 36 when I hopefully finish. Ben is 28 years old currently and he has about 38 years more years to work as the problem states. Even if we take in to account the cost of the education and the time he still bound to make more money from the degree. If he continues to wait he will forfeit those years where he can get a higher salary. Therefore the total lifetime salary amount is lowered. Another fact that comes with age is the older one is the harder it is to learn and keep things in your head. I can personally attest to the fact that my memory and capacity to learn was much better in my teens and twenty’s than it is currently. The longer Ben waits then it can be harder for him to get back into the groove of school as well. Age also affects one’s ability to get a job. Even the age discrimination is illegal, it cannot be easily proven. Most companies will prefer younger and more dynamic individuals for hire in hopes that they can groom them for long term positions within the company. 2. What other, perhaps non-quantifiable, factors affect Ben’s decision to get an MBA? A.) This is such an important question as with everything life nothing is strictly black and white. Just like...
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...MBA Career Abstract The purpose of this paper is to construct and support an argument on decision I made to pursue an MBA degree to further my career as a senior manager within the Automotive industry. The argument will be based on a “What’s My Jungian 16-Type Personality?” test and a general benefits analysis of postgraduate and specifically speaking MBA programs. The paper will evaluate on my personal score from the test. ENTP result describes individuals who are typically enthusiastic innovators, seeing new possibilities, different theories, and new ways of doing things. Further in the paper we will look at the benefits of undertaking MBA program including: better career prospects, opportunity to gain not only theoretical knowledge, but also listen to experience class mates. The paper will conclude with my personal expression regarding this topic. MBA degree to further your career Further education, which does not have to be limited to MBA program, is a major factor determining career opportunities and development. In the new fast paced world experience starts to play secondary role and personal abilities and education comes to the front (Barger, 1995). May we insist on the enormous importance of permanent knowledge acquisition for career development. Our career will hardly progress if we do not differentiate from our colleagues in terms of what specific knowledge we have and they do not. We may all be great managers, for instance, but if we also took MBA,...
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...6/27/2014 Decision Science Assignment – 1 to 3 Kyaw Thike Tun ID No. - 213 Yangon Institute of Economics | Department of Management Studies | Online MBA Programme | 1. Describe the decision-making process and discuss the manager’s role in making decisions. Given example of a decision that can be quantified and one that is primarily a qualitative decision. Decision making process involves five steps: 1. Define the problem. 2. Identify the alternative 3. Determine the criteria 4. Evaluate the alternative 5. Choose an alternative Decision-making is important skill for business and life. Decision-making is especially important for management and leadership. There are processes and techniques to improve decision-making and the quality of decisions. Decision-making is more natural to certain personalities, so the managers should focus more on improving the quality of their decisions. Managers that are less natural decision-makers are often able to make quality assessments, but then need to be more decisive in acting upon the assessments made. Good decision-making requires a mixture of skills: creative development and identification of options, clarity of judgment, firmness of decision, and effective implementation. Here are some useful methods for effective decision-making: First a simple step-by-step process for effective decision-making. Today’s managers confront difficult decisions daily and must consider an increasingly wide range...
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...The MBA Decision Case Study Analysis 1 Philip Bard Potomac College – BUS503: Managerial Finance June 9, 2013 Rob Shah Abstract The purpose of this paper is to summarize the Case Study The MBA Decision. This case discusses the educational options for 28-year-old, Ben Bates. The purpose of this paper is to analyze Ben’s school options and make the decision that is going to be the most fiscally responsible in the long run. This decision will be achieved by answering the 6 questions at the end of the case study. The MBA Decision Case Study Analysis 1 This Case Study discussed the decision of which MBA program potential student, Ben Bates, should attend. Ben is satisfied with his current job, but wants to achieve his goal of becoming an investment banker. He feels that an MBA degree would allow him to achieve this goal, and has narrowed his school choices down to two options. Many factors are being considered by Ben, such as his current salary, tax rates, program prices, supply costs, health care costs, and future salaries as well as signing bonuses. In this case, Ben is 28 years of age and graduated from college when he was 22. He also currently has enough money in his bank account to pay for either of the MBA programs that he is exploring. “… and expects to work for 40 more years. His current job includes a fully paid health insurance plan…” (Ross, Westerfield, and Jaffe, 2013 p. 134). One can expect Ben’s MBA program to take 1-2 years, which would cause his to be...
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...Ann Perkins, The consumer market is really a complex area. I was surprised to learn that the tradesmen segment for Black and Decker is solely lacking. Whatever steps the company will take to offset the consumer market, it should be effective and done with careful consideration. It is almost impossible for me to imagine just the organization can continually sell tradesmen products. The competition appears to be gaining in the marketplace. I see less of Black and Decker products in the store than in recent years. Do you believe that the company is thinking about discontinuation of consumer products because of the fierce competition? According to Kohler and Keller (2012), understanding customer needs in new ways is the life blood of most manufacturing organizations. Since businesses use teams of people and analytical tools when procuring items for business applications, would to say that most business acquisitions take longer (Perkins, 2014)? In the case of acquisition of farm equipment would this be the case? Black and Decker manufactures a large number of heavy duty products made just for farming. Dump carts, spreaders, blade aerators, tine dethatchers, tow rollers, cultivators, tillers and soil sharks are products which are costly. Is it possible that a farmer would pay cash for any of these products? According to Echambadi (2014), it is not wise to strategy for an organization to attempt to satisfy every segment of the marketplace. Do you believe that Black and...
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...My decision to pursue an MBA degree to further my career - Week-2 MGT / 521 September 7, 2010 My decision to pursue an MBA degree to further my career - Week-2 The slow down of the US economy has caused companies to start to down sizing, reducing their workforce by layoffs or closing down completely. The Information Technology is being hit twice as hard by not only the reduction of local positions due to the economy slow down but in addition, the lower cost of outsourcing (Computerworld Staff, Feb 22, 2010) . During a recent reduction in force evaluation by my current employer, I noticed that the employee’s education level was an assessed value, which added to the valuable points for retaining an employee. I decided that continuing my education would be a very important addition to resume, future reduction in force evaluations to maintain my current career or make me more valuable if I was out looking for a job. Originally, I was interested in starting a Master of Science in Management (MSM) (Thomas Edison State College, 2010) to further advancement in my current career in Information Technology (IT) and potentially get into a IT Management position the program is offered strictly on-line. I have also started noticing a pattern of companies “outsourcing” information technology jobs to other countries for cost savings to the US companies and noticed the continued strong increase of revenue for the Outsourced Cognizant Technology Solutions (Ribeiro, Augu) . I decided...
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...Consumer Decision Making According to (Consumer decision making process, 2010) Consumer decision making is the process of choosing between two or more alternatives; consumer decision making may be defined as a process of gathering and processing information, evaluating it and selecting the best possible option, goods, services, organizations, people, places, and ideas that will best addressing their current need. Sometimes consumers go through these stages of gathering and processing the information without even realizing that they are going through the processes. (Alet, 2001), states that Consumer behaviour and consumer decision-making have become prominent research topics in the various fields of consumer science in recent years. Consumer Decision Making pertains to making decisions regarding product and service offerings. There are different consumer decision making models such as Bettman's Information Processing Model of Consumer Choice, the Howard-Sheth model of buying behavior, Kotler model and the Nicosia model. The Engel, Kollat & Blackwell (later Miniard) consumer decision making model will be looked at for the purpose of this research. Engel, Kollat & Blackwell (later Miniard) consumer decision making model According to (Sahney, 2005), the Engel, Kollat and Blackwell Model, also referred to as the EKB model was proposed to organize and describe the growing body of knowledge/research concerning consumer behavior. A comprehensive model, it shows the various components...
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...Advantages and Disadvantages of Pursuing an MBA Advantages and Disadvantages of Pursing an MBA The decision to pursue a Master’s in Business Administration is a difficult, personal decision. In fact, I categorize it as a life changing decision. For instance, this decision is like most major decisions people make. Whether the decision is over buying a home, changing careers, starting a family or buying that dream car, it is usually laced with advantages and disadvantages, pros and cons, and benefits and consequences. Whether or not those advantages and disadvantages are tangible, quantifiable and measurable, most would agree that they exist and they sometimes have life changing affects. For example, some people think that it is a disadvantage to buy a home because it usually results in one securing a long-term loan whereby a monetary commitment is required from the borrower or homeowner. If this commitment is broken or one is unable to pay as agreed, the borrower or homeowner can lose valuable assets, seriously hinder their ability to borrow money in the future and be looked upon by the banking and financial community as a liability or risk. On the other hand, or some of the advantages of buying a home may result in credit worthiness, proves that you are trustworthy, disciplined and according to Weintrub (2010), “gives one a sense of pride in ownership, stability and security” (para. 2.). With the above mention in mind, I will explore my personal advantages and disadvantages...
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...proper decision making is very important. The decision making should be about the courses, one wants to pursue for his successful career. In current scenario, there are myriad of avenues for an individual to choose as better career option. Most of these avenues ensure good career expansion in the future, but few among them do not. It all depends on the scope of the course, we are choosing to pursue. Every course regardless of its field has some or the other future prospects, but the extent and time may differ. After completion of my graduation from an average college, I was in a state of dilemma to go which way, which course can ensure me a good career growth? I started searching out for different courses that can go for higher studies. After a lot of research and consultation, I zeroed on Masters in Business Administration. MBA is a program, which draws students from different academic backgrounds and gives exposure to them regarding different facets of business such as marketing, finance, operations and human resources. MBA makes a candidate ready to face all the challenges of business. I think MBA is a degree, which can assure good career growth even to a simple graduate (Master of Business Administration- MBA) MBA is a degree or program, where you not only learn from the faculty, but also from your colleagues, who come from diverse academic background. It makes an individual aware of all the fields that are needed in a business process. A person holding an MBA degree...
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...Why Pursue an MBA? MGT/521 Why Pursue an MBA? Deciding to pursue an MBA degree can be a daunting decision, especially after recently completing an undergraduate degree. Many positives and negatives to consider before making such a life altering decision. This essay will examine several casual circumstances on both sides and answer the question, “Why Pursue an MBA?” Reasons for pursuing an MBA are: 1. Pursuing an MBA is a long-term goal. 2. Pursuing an MBA can assist in a needed career change. 3. An MBA can lead to more money in the job market. Reasons against pursuing an MBA are: 1. The time, cost, and commitment requirements involved. 2. No guarantees that earning an MBA will lead to advancement on the job. 3. A perception exists that there are to many MBAs in the job market. Reasons for Pursuing an MBA Deciding to pursue an MBA has been a long-term goal for some time. Most long-term goals are often never realized. As a result of the 9/11 tragedy the government decided to assist veterans who wanted to continue his or her education. This assistance and the downturn of the economy placed this long-term goal squarely in the forefront. This scenario fell into place, as career change thoughts were starting to surface. Pursuing an MBA can assist in a needed career change. In 2008 the United States economy and the housing market begin to severely decline. This was just four years after embarking on a rewarding and lucrative...
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...Decision to Obtain an MBA MGT/521 October 12, 2012 Abstract According to CBS Money Watch (2007) as it pertains to an MBA Degree, “ When it comes to the practical value of the degree, the once-lonely voices of dissent have, in recent years, grown into a chorus of criticism. Among their accusations: The degree is over-hyped, MBA curricula are out of touch with real-world demands, and many programs have a culture that turns a blind eye to cheating. If the business world starts paying attention to these naysayers, that $100,000 tuition or the decision to pay big bucks to hire an MBA may start looking like less of a sound investment.” Decision to Obtain an MBA The decision for an individual to obtain his/her MBA can be both personal and professional. There are many negative connotations regarding the pursuit of an MBA. There are questions regarding whether or not it increases the pay range of an individual with an MBA vs. those individuals without an MBA. According to Brewer and Brewer (2012) “In a study involving MBA students, Simmering and Wilcox (1995) identified five factors that largely influence the decision to pursue the MBA graduate degree. These factors center around the personal prestige associated with the MBA, career exploration opportunities, goals for developing and improving interpersonal skills, entrepreneurial aspirations, and increasing career mobility.” The “[Graduate Management Admission Council] GMAC...
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...Running head: INFORMATION AND DECISIONS SUPPORT 1 Information and Decision Support for the Strutledge Institute Author Note This paper was prepared for Operations Management…. Running head: INFORMATION AND DECISIONS SUPPORT Recommendation 2 The Strutledge Institute needs to identify if the idea of adding a MBA program complies with the institute’s objectives and mission. Neither the core competencies of the institute nor the MBA program attributes are well defined at this point. If the MBA program can fulfill the expectations of expanding the student base, creating valuable ties with businesses and secure the survival of the institute, depends on a program that appeals to students as well as fulfills the requirements and needs of businesses (Russell, 2014). The recommended steps are to identify the core competencies of the institute and create a better definition of the MBA programs attributes. Additional considerations are the financial resources, the chances of success and the positive differentiators between the Strutledge Institute and competing colleges in that area. Course of Action Identify core competencies of the institute and what customer base it wants to serve with the new MBA program. A sample survey of potential students is highly recommended to identify the order qualifiers and the important qualities that students consider before joining an MBA program. Without this information, a new MBA program will most likely fail (Russell, 2014). In order to identify...
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