Questions about the most sought after MBA

[Juntrix]

A friend from our circle is planning to get an MBA degree. While some of us in our group think that it's a good idea, a handful also says its just a waste of money. I'm stuck in the middle since I really don't know much about it and I don't have any plans on getting an MBA as of the moment. I have questions that maybe you guys can answer on behalf of my friends...

*What is an end goal of getting an MBA? Why is it becoming popular nowadays? To whom would you recommend an MBA degree?

*Should you be employed to be able to study MBA? What if you are self-employed for the past 2 years and you want to get into graduate school? How would you satisfy the "2 year experience" requirement?

*Why do they grant MBAs to anyone? I mean, shouldn't an MBA be granted to Business Administration/Commerce/Management graduates only? How would graduates of other degrees even understand advanced management concepts if they didn't study the basics during their undergraduate years?

*What do you really learn when you study towards an MBA? Is an MBA good only for employed individuals seeking promotion (as my anti-MBA friends would describe it)? Or is an MBA education handy to self-employed individuals as well?

*If you are a CPA, would you have an edge over others in taking up your MBA? Are you even suited for an MBA? Or other graduate degrees are better? (My friend is actually choosing if he would pursue Master of Science in Accountancy or MSA, or Master of Science in Computational Finance or MSCF. He says he's already tired of numbers. He want's to try an MBA this time but he's having doubts if he will do good since he is not a management graduate)

*How much would studying for an MBA cost? My friend is considering a school near Makati because he will be working while studying. I think it would either be DLSU or AdMU. Are these schools meticulous in accepting applicants? My friend didn't have spectacular grades during college because his professors can only give out stingy grades. But he did pass the CPA Board exams which might evidence his competence...

*Any other information that you can provide with regards to the topic which you think might be helpful will be very much appreciated.

I really hope you could shed some light to these questions. Thanks!

[3Y3-0p3N3R]

While some of us in our group think that it's a good idea, a handful also says its just a waste of money.

Do you mind giving us a bit of background on those handful you know who think it's a waste of money? I'd like to see where they're coming from.

*What is an end goal of getting an MBA? Why is it becoming popular nowadays? To whom would you recommend an MBA degree?

If you're planning to enhance a business, whether personal, or where you're holding a critical managerial position maybe, the MBA classes will be helpful (especially if your class is composed of various individuals belonging to different industries. Their experiences combined with yours will be a good source of fre
sh information).

If it's becoming popular nowadays, maybe it's because people are becoming more business-oriented. They are starting to see the overall contribution of businesses to the economy.

I probably would recommend MBA to someone who has at least 3 years experience working in a major industry or owns a major business that has a high potential of expanding in the market. Oh, of course, a business-related educational background would be necessary (BS-BA, BS-Commerce, BS-Econ, BS-Entrep, etc,)


What if you are self-employed for the past 2 years and you want to get into graduate school? How would you satisfy the "2 year experience" requirement?

If your self-employment involves business, I don't think it would be a problem... just make sure your undergrad course is related.. otherwise, you might spend more time taking prerequisite subjects rather than the major MBA subjects.


*Why do they grant MBAs to anyone? I mean, shouldn't an MBA be granted to Business Administration/Commerce/Management graduates only? How would graduates of other degrees even understand advanced management concepts if they didn't study the basics during their undergraduate years?

MBAs are not simply "granted" to anyone. I'm taking MSBA and it wasn't merely granted to me. I took 2 entrance exams, after which I was interviewed by the Graduate Program Coordinator (GPC). How would graduates of other degrees understand MBA? Simple. The GPC tells them to finish first the prerequisite subjects before they could take up the major ones.


*What do you really learn when you study towards an MBA? Is an MBA good only for employed individuals seeking promotion (as my anti-MBA friends would describe it)? Or is an MBA education handy to self-employed individuals as well?

You might want to check out your nearest institution that offers it. They usually have flyers where you can read the course description of subjects involved. Right now, one of my major subjects is QUALITY MANAGEMENT (ISO, etc.). If promotion is your goal, MBA may not ensure attainment of that unless your Performance Evaluation requires that you be hold such degree. MBA is handy to self-employed individuals as well... just remember the prerequisites.

*If you are a CPA, would you have an edge over others in taking up your MBA? Are you even suited for an MBA? Or other graduate degrees are better? (My friend is actually choosing if he would pursue Master of Science in Accountancy or MSA, or Master of Science in Computational Finance or MSCF. He says he's already tired of numbers. He want's to try an MBA this time but he's having doubts if he will do good since he is not a management graduate)

For me, a CPA could only have an edge over others if the position he/she holds in a company already belongs to the top management level, perhaps a CFO or VP for Finance & Admin. However, if your friend would take up MSAC, there will be a higher chance that he/she will have more edge over other CPAs / Accounting Grads than management graduate students who are taking up MBA.


*How much would studying for an MBA cost? My friend is considering a school near Makati because he will be working while studying. I think it would either be DLSU or AdMU. Are these schools meticulous in accepting applicants? My friend didn't have spectacular grades during college because his professors can only give out stingy grades. But he did pass the CPA Board exams which might evidence his competence...

P850.00 per unit + miscellaneous and others... my bill for 1st sem was around 9,000 for 6 units. Sorry, no info for DLSU etc

*Any other information that you can provide with regards to the topic which you think might be helpful will be very much appreciated.


Distinction between MBA and MSBA. The latter has thesis, all the other subjects are the same. If your inclination is to be absorbed by the academe, you're required to take MSBA, and eventually, be required to take Ph D.

Hope this helps. :)

[Juntrix]

is that the proce for ADMU MBA?