...Top Three Reasons Not to Get an MBA There is no question that everyone in today’s market was affected by the recession. According to Kimberly Amadeo, “An economic recession is when growth slows, usually due to a fall-off in consumer demand. As sales drop off, businesses stop expanding. As unemployment rises, and consumer purchases fall off even more, housing prices usually decline” (Amadeo n.d, What is Economic Recession? Para. 1). Many Americans have elected to go back to school and further their education toward an MBA to be more competitive in the job market. However, there are reasons pursuing an MBA or any grad degree may not be the best option. Such objections include cost of tuition, time spent away from work and family, and the job availability after graduation. Cost of Tuition The stress of paying the house, car, and credit cards can be overwhelming. Also individuals need to think about the cost of pursuing a higher education. “Although the cost of an MBA degree can very, the average tuition for a two-year MBA program exceeds $60,000” (Schwietzer, 2011. How Much Does It Cost to Earn an MBA? Para. 2). Many individuals will have to get a loan and pay interest for a considerable time. Also the cost of tuition continues to rise. “ Though MBA programs have multi-million dollar operating budgets, schools say tuition revenues cover less than half of their annual expenses, making cost-hiking a necessary evil. Each year, B-school tuition...
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...MBA Rational MGT/521 10/06/2012 Richard Bowman Abstract In this paper the subject to address are the objections to obtain an MBA and argue the points with reason to obtain an MBA. The three main objections to entering an MBA program are: 1) Cost 2) Time and effort required 3) Job availability in the current economic slowdown. Each argument against obtaining an MBA is countered with evidence that supports reasoning to obtain an MBA at almost any time, personal situation or career position. MBA Rational While an MBA might improve your quantitative, presentation, and communication skills, it might even get you thinking about ethics and strategy. However, one to two years of case studies aren’t going to turn you into a leader if you weren’t born one. There’s no learning charisma, persuasiveness, elegance, or gut instinct. This is why an MBA is no guarantee of advancement or even a job. Many MBAs find that they are not advancing and that, even in some circumstances, that they cannot find a job at all. This can be a very unfortunate situation, and yet it is important to acknowledge as a possibility for anyone going into an MBA program. This is particularly true in a down economy. Quitting your job to get an MBA, therefore, has risks that are important to acknowledge. Throughout my career, I've been in mainly in the financial services. My Bachelor's is in Business Management. I enjoy the creativity and personal interaction that the industry offers; however...
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...Top Three Reasons Not to Get an MBA Shaun Hamilton MGT/521 March 30, 2012 Gary Maxa Top Three Reasons Not to Get an MBA There is no question that everyone in today’s market was affected by the recession. According to Kimberly Amadeo, “An economic recession is when growth slows, usually due to a fall-off in consumer demand. As sales drop off, businesses stop expanding. As unemployment rises, and consumer purchases fall off even more, housing prices usually decline” (Amadeo n.d, What is Economic Recession? Para. 1). Many Americans have elected to go back to school and further their education toward an MBA to be more competitive in the job market. However, there are reasons pursuing an MBA or any grad degree may not be the best option. Such objections include cost of tuition, time spent away from work and family, and the job availability after graduation. Cost of Tuition The stress of paying the house, car, and credit cards can be overwhelming. Also individuals need to think about the cost of pursuing a higher education. “Although the cost of an MBA degree can very, the average tuition for a two-year MBA program exceeds $60,000” (Schwietzer, 2011. How Much Does It Cost to Earn an MBA? Para. 2). Many individuals will have to get a loan and pay interest for a considerable time. Also the cost of tuition continues to rise. “ Though MBA programs have multi-million dollar operating budgets, schools say tuition revenues...
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...Writing an Argument The purpose of this assignment is to raise and counter objectives regarding the decision to get an MBA. The impact of education on earning potential and job security will be examined. The paper will also discuss how raising and countering objections has helped inform my own decision to get an MBA and the reasons I have decided to go back to school. Objectives will be raised for reasons not to pursue a graduate degree and referenced information will be sited to support the content of the paper. Raising Objections to Pursue MBA As children we were taught the value of education and the importance of obtaining a college degree to be successful. At such a young age it may have been difficult to fully grasp how the proper education could shape ones future but with age comes wisdom and understanding. Many people go to college and obtain associate and bachelor degrees but a master’s degree can definitely make you stand out amongst a group of qualified applicants. “In this job market, anything that differentiates you is helpful” (Stires, 2010, pg. 3). Pursuing a Master’s degree takes dedication and tenacity and these efforts are recognized by potential employers. There is a clear relationship between earnings and education. A graduate degree provides individuals with the opportunity for more earning potential and an increased knowledge base. Lott (2010) stated: ...
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...counter objectives regarding the decision to obtain a Masters of Business Administration (MBA). The impact of education on earning potential, job security, and becoming an entrepreneur will be examined. This paper will also discuss how raising and countering objections has been an aid in my own decision to get an MBA and how I embraced my decision to go back to school. Objections will be raised for reasons not to pursue a graduate degree and referenced information will be sited to support the raising and countering of the content. Why an MBA Raising Objections Business schools have long sold the promise that, like an F1 driver zipping into the pits for fresh tires, it just takes a short hiatus on an MBA program and you will come roaring back into the career race primed to win. After all, it signals to companies that you were good enough to be accepted by a decent business school (so must be good enough for them); it plugs you into a network of fellow MBAs; and, to a much lesser extent, there's the actual classroom education. Why not just pay the bill, sign here and reap the rewards? The problem is that these days it doesn't work like that. Rather, more and more students are finding the promise of business schools to be hollow. The return on investment on an MBA has gone the way of Greek public debt. If you have a decent job in your mid- to late- 20s, unless you have the backing of a corporate sponsor, leaving it to get an MBA is a higher risk than ever. If you are getting...
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...There are numerous reasons for why someone would decide to go back to school and attend a Master of Business Administration (MBA) program. On the opposing side there are a few doubts and worries that one will like to argue within this paper. The MBA is a curriculum that will add considerably towards the expansion of anyone’s management and executive abilities as a future administrator. Advancing communicational and written abilities is a significant raising opposition that has convinced many individuals into receiving a MBA. Receiving a master’s degree will be one move concerning a raise which will add toward many individual’s monetary stability and occupational goal path. Many people know that this program is intended to enhance not only their professional life, but their personal life as well. In addition, a MBA will be advantageous for many people by increasing their association of business experts, which is fundamental in substituting knowledge for today’s company job market (Schweitzer, 2011). By having a broad company system an individual will be able to work on developing his or her business manners. In today’s country, it is becoming much more complicated to place oneself in an improved career heading without having some type of graduate degree. Rivalry among job hunters has become even harder when the large businesses are terminating thousands of workers. Companies are looking for more experienced and knowledgeable workers that could substitute for numerous laid off...
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...What is an MBA? An MBA is the Master of Business Administration degree granted by colleges and universities. Receiving an MBA is a good way to get ahead in your career. Earning a Master of Business Administration degree leads to promotions, job offers from competing firms and salary increases. Nowadays, companies can afford to be more selective in whom they hire so it's important for candidates to have every advantage they can when seeking employment or promotions, which leads to more people obtaining an MBA to give them an advantage in competitive job markets. There are several pros and cons that should be weighed when deciding whether or not to pursue an MBA degree. While there are some arguments against obtaining an MBA they are minimal- the amount of work, cost, time and commitment are a few objections. On the other hand, favored arguments of getting an MBA are limitless. Everyone's aspirations, career dreams and goals vary but can all come true by getting an MBA. Schweitzer (2012), stated, "Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real world business situations. The MBA degree is thought to be one of the most prestigious and sought after degrees in the world" (MBA-Understanding the MBA Degree, para.1). Although every person's situation is different, there are some arguments in favor of a Master's of Business Administration Degree...
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...This paper presents discussion on the raising and countering objections of deciding whether to pursue a Master’s degree in Business Administration (MBA) or not pursue an MBA. The information presented in this paper indicates that the decision for getting an MBA is a big decision driven by the desire to make more money, progress more rapidly, working smarter, and becoming a better person. Getting an MBA is a good way to reconsider a professional path and make an employment transformation without penalty. There is also a particular amount of respect just by possessing an MBA. This paper presents some personal reasons that apply to the decision on why decide to go back to school to obtain an MBA and reasons not to. Writing an Argument My whole life I have heard it said that education is a key element is achieving individual development and life success. Getting an MBA is a big decision. The Master’s in Business Administration (MBA) is a widely accepted in business management around the world. While getting an MBA can be expensive, an MBA is a good way to reconsider a professional path and make an employment transformation without penalty. However, there are some people who say getting an MBA is not needed. They believe that people go to business schools for the the wrong reasons and that individuals can make employment transformations or move up in a career field without having to get an MBA. Big Decision Getting an MBA is a good way to reconsider a professional path and make an...
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...Syllabus School of Business MGT/521 Version 5 Management Course Description This course applies the tools available to University of Phoenix graduate students and the competencies of successful managers to understand the functions of business. Students develop an increased awareness of their own perceptions and values in order to manage and communicate with others more effectively. Other topics include MBA program goals, argument construction, decision making, collaboration, and academic research. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Hoch, S. J., Kunreuther, H. C., & Gunther, R. E. (Eds.). (2001). Wharton on making decisions. New York, NY: Wiley. Nickels, W. G., McHugh, J. M., & McHugh, S. M. (2010). Understanding business (9th ed.). New York, NY: McGraw-Hill/Irwin. Robbins, S. P. & Judge, T. A. (2011). Organizational behavior (14th ed.). Upper Saddle River, NJ: Pearson/Prentice...
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... |Management | | | | | Course Description This course applies the tools available to University of Phoenix graduate students and the competencies of successful managers to understand the functions of business. Students develop an increased awareness of their own perceptions and values in order to manage and communicate with others more effectively. Other topics include MBA program goals, argument construction, decision making, collaboration, and academic research. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the...
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...Hong, Kil Dong Applying for MBA Yale University 1.Please discuss the principle elements of your educational and work experience to date. Describe your specific career objectives as a professional manager(three to five pages, double-spaced) Since I had worked in the xxx product department of xxx, established by my deceased father, the yearly income was $xx million in 19xx and in the top 10 rank in Korea, my major problem was a lack of knowledge in Finance and Management. Upon graduation from undergraduate studies, I was employed in the Management Planning Team. Because I did not have the background in business administration from majoring in English Literature in undergraduate, I realized the difficulty in grasping the concept of general company matters, marketing analysis, and setting up the short and long-term marketing plan. When I participated in the future development of xxx and sales project for 10 months that began in February 19xx, I realized that I was incapable of successfully performing my duties as an Assistant Manager with 8 staff members for a project in which the company heavily depended upon. It was then that I had realized what special talent was needed to become a successful manager. For instance, while analyzing xxx, xxx’s technological advantage and marketing strategies, I realized the importance of learning Marketing Research and Strategy. I also realized the importance of Financial Management and Corporate Financial Policies when planning...
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...MBA –H4020 Human Resource Accounting HUMAN RESOURCE ACCOUNTING UNIT – I The Non accounting of human resources and the change occurring therein, of an organization may provide a poor picture of the profits and profitability of the organization. Likert Objectives of the Study: This unit aims to provide a basis for the conceptual framework of Human Resource Accounting. An attempt is made to highlight the following aspects. Development of the Concept of HRA An Historical Score Card Meaning and Definition of HRA Importance Objectives of Human Resource Accounting Limitations of Human Resource Accounting HRA for managers & HR Professionals Investment in Human Resources Quality of Work Force and Organizations’ Performance Efficient use of Human Resource Enumerating the Assets Calculating the Market Value of Assets Human Capital. 1 MBA –H4020 Human Resource Accounting INTRODUCTION To ensure growth and development of any orgnisation, the efficiency of people must be augmented in the right perspective. Without human resources, the other resources cannot be operationally effective. The original health of the organization is indicated by the human behaviour variables, like group loyalty, skill, motivation and capacity for effective interaction, communication and decision making. Men, materials, machines, money and methods are the resources required for an organization. These resources are broadly classified into two categories, viz., animate and inanimate (human and physical)...
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...9-507-039 REV: DECEMBER 1, 2006 MODULE NOTE Personal Selling and Sales Management Salespeople represent a large part of labor in most economies. In its latest report,1 the U. S. Bureau of Labor Statistics estimates that nearly fourteen million people are employed in sales and salesrelated occupations and that these people earn over $450 billion in wages. Moreover, salespeople represent a major investment for many companies, accounting for as much as 40% of their costs. A company’s fortune often rises and falls on the productivity of its salespeople. The goal of this module is to develop a better understanding of what salespeople do, what motivates them to succeed, and how to effectively manage their efforts. The Salesperson - A Boundary-Spanning Role Salespeople work on the boundary between a company and its customers. To the company, the salesperson is the voice of the customer. To the customer, the salesperson is the physical embodiment of the company. This boundary-spanning role creates unique tension for salespeople because they are constantly forced to reconcile the competing interests of both the buying and the selling organizations. Figure A: The Salesperson’s Boundary-Spanning Role Company Salesperson Customer Source: Casewriter. 1 These data come from the May 2005 National Occupational Employment and Wage Estimates report, which was accessed online at http://www.bls.gov/oes/current/oes_nat.htm#b41-0000 on 1 December 2006. See occupation code...
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...Discussion Questions for Computime Do a 5 forces analysis of the industry in which Computime is competing (note: in order to do this, it is important to clearly define the industry.) Computime’s core business is in the EMS (Electronic Manufacturing Service) Control Business providing high quality end-to-end solution including product engineer and design, testing, supply chain management, contract manufacturing and logistics services. Computime provided high-tech OEM manufacturing solutions to high tech global manufacturers around the globe. The company was particularly adept in electronic controls, where it was the world leader. 1 Threat to New Entrant The requirements for the capital investment and knowledge are moderate for the control business. Therefore, the threat to new entrant is moderate, and we would rate the attractiveness of this force as “moderate.” 2 Rivalry of Competitors The company faced competition in their core electronic manufacturing services (EMS) business at both the regional and global levels. These competitors were larger with better financing capacity. The global competitors consisted of companies such as Solectron, Flextronics and Sanmina. Solectron is an international OEM provider with offices and factories in more than 20 countries including 3 manufacturing sites in China. Flextronics is a Singapore based EMS provider that had revenue of...
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...RAILTEL CORPORATION OF INDIA LIMITED (A Government of India Undertaking under Ministry of Railways) 10th Floor, Bank of Baroda Building, 16, Sansad Marg, New Delhi-110001 website: www.railtelindia.com Advertisement No. RCIL/2007/P&A/44/6 RECRUITMENTS AS DEPUTY MANAGER (TECH), MANAGER (MARKETING), DEPUTY MANAGER (P&A) & MANAGER (P&A) RAILTEL CORPORATION OF INDIA LIMITED, a premier Public Sector Undertaking under Ministry of Railways has been incorporated in September 2000. RailTel is a telecom infrastructure provider and has been set up primarily to modernize and augment the existing infrastructure for providing communication facilities for Railways and other commercial users. RailTel offers career opportunities to bright, young and dynamic professionals and invites applications from Indian citizens for recruitment in Technical, Marketing and Personnel & Administration departments . The details of the vacancy position are as given below in this vacancy notice. 1. IMPORATANT DATES:04-06-2012 (08:00 Hrs) 21-06-2012 (23:59 Hrs) 23-06-2012 25-06-2012 (23.59 Hrs.) Opening date for on-line registration of application Last date for completion of Step-I of on-line registration Last date for depositing examination fee at State Bank of India Last date for completion of Step-II of on-line registration and closing of registration 2. Post code Number of vacancies : Designations & Departments Total Number of vacancies 100 31 5 Level Break-up of total number of vacancies UR SC ST OBC* (Only...
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