distance learning МВА

snetesin · Post by **snetesin** » 12 Jan 2001 23:20

The answer is: most probably it is not worth it.

Not-so-good schools offered distance MBA for a long time. Value of such degree was almost zero. You will definitely learn something but in all probability it will not increase your earning potential.

Some big-name business schools started offering on-line MBA degrees (Stanford, Duke, Columbia etc) recently. However, it is still not clear what is the value of such degree. There are no proper statistics regarding salary increase etc.

I would say that distance MBA will never have high value. 50% of the value of MBA degree is in learning from other students (work in teams, class discussions etc) and only 50% is in learning from the instructor. A major skill of a manager is in his ability to speak, present, which is hard to improve with distance learning.

MBA degree is supposed to result in a good job. This job comes in most cases either through Career Services Office that invites companies on-campus or through alumni. In either case, distance MBA does not offer any help. Make your conclusions.

Last remark: all business schools publish data about post-MBA salaries. I have never seen distance MBA program to do that [img:f5791b8053]http://www.privet.com/ubb/smile.gif[/img:f5791b8053]

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Sergei

Parabellum · Post by **Parabellum** » 13 Jan 2001 00:20

2 SNETESIN:
OK,
How about background adjustment? Not that I bear in mind a well-paid job I could get with MBA degree- I rather look for a catch up. To make it clear: in my job(project management) MBA degree or alike is preferable. Lack of business degree is bearable now, however, in order to avoid getting stuck in the middle of career, I have to seek chances to increase advancement probability. Returning back to school for a full-time study won't work in my case as it would drew me upon the graduation to the point I have seemingly passed.
I'm not looking for Princeton or Harvard-even applying there requires thorough preparation and certain funds availability. I'm considering between part-time study in one of nearest business schools (greater Boston area) and online tuition and I need sound criterions to make my judgement right.

Thanks.

[This message has been edited by Parabellum (edited 12-01-2001).]

Parabellum · Post by **Parabellum** » 13 Jan 2001 09:16

Кто что хорошего может сказать о сабж? Понимаю, что это достаточно сомнительная замена очного обучения, но нет возможности бросать работу и идти грыщть гранит науки.

Какие из аккредитованных на серьезном уровне (ACCSSB), а не шаражкиных контор предлагают подобные программы? А то в И-нете при поиске глаза разбегаются.

Буду рад любым советам

Svetat · Post by **Svetat** » 13 Jan 2001 14:47

У нас знакомый учится на MBA заочно.
Я не знаю всех подробностей, знаю что ему зачли его диплом и учиться ему 2 года, и что он идет узконаправлено. MBA+Medicine.
Преиодически он уезжает на 2 недели сдать курсовые и сессию.
Может вам подойдет такой вариант?

[This message has been edited by Svetat (edited 13-01-2001).]

Svetat · Post by **Svetat** » 14 Jan 2001 00:30

2 snetesin

Ну не могут люди оставить семью без денег, одни они работают. Поэтому и идут на заочное образование.

snetesin · Post by **snetesin** » 14 Jan 2001 09:53

Well, if your goal is to get some understanding of business then distance MBA might be the way to go. I am skeptical though.

And I don't get you statement "Returning back to school for a full-time study won't work in my case as it would drew me upon the graduation to the point I have seemingly passed. " Are you that high in your career that $150,000 salary after a good full-time MBA program is a point that you have already passed?

Some schools have accelerated MBA for people with significant experience and education - you can be done in 10 months.

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Sergei

andys · Post by **andys** » 15 Jan 2001 01:33

А как это дорого кстати?

Parabellum · Post by **Parabellum** » 15 Jan 2001 03:11

<BLOCKQUOTE>quote:<HR>Originally posted by snetesin:
[i:efc661cfde]Well, if your goal is to get some understanding of business then distance MBA might be the way to go. I am skeptical though.

And I don't get you statement "Returning back to school for a full-time study won't work in my case as it would drew me upon the graduation to the point I have seemingly passed. " Are you that high in your career that $150,000 salary after a good full-time MBA program is a point that you have already passed?

Some schools have accelerated MBA for people with significant experience and education - you can be done in 10 months.

[/i:efc661cfde]<HR></BLOCKQUOTE>

Come on, I've just read Princeton review- $150,000 for start is way too exaggerated figure, even for Harvard, Tuck, etc. Of course this could be the case, but not as a rule.

snetesin · Post by **snetesin** » 15 Jan 2001 03:22

Your starting salary mostly depends on how much experience you had before the MBA. Look at www.businessweek.com. Average post-MBA salary for Harvard: $160K, Tuck: $149.5K.

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Sergei

Banned_for_ad · Post by **Banned_for_ad** » 16 Jan 2001 00:13

Parabellum, does your company pay for classes(if not 100%, maybe 70% or 80%)? If they do, you could go to school part-time(evenings) and still work. I have to agree with snetesin that this would be better then distance MBA.

Banned_for_ad · Post by **Banned_for_ad** » 16 Jan 2001 00:16

<BLOCKQUOTE>quote:<HR>Originally posted by andys:
[i:4ea5e5432d]А как это дорого кстати?[/i:4ea5e5432d]<HR></BLOCKQUOTE>

They only have tuition figures for 1999: http://www.usnews.com/usnews/edu/beyond/gradrank/mba/gdmbat1.htm

For other schools, you could find it on their websites.

Parabellum · Post by **Parabellum** » 16 Jan 2001 16:21

<BLOCKQUOTE>quote:<HR>Originally posted by Vintik:
[i:fa0c809a21]Parabellum, does your company pay for classes(if not 100%, maybe 70% or 80%)? If they do, you could go to school part-time(evenings) and still work. I have to agree with snetesin that this would be better then distance MBA.[/i:fa0c809a21]<HR></BLOCKQUOTE>

It does, but in a way of reimbursement: 50% upon sucessful completion, 50% in the end of the year. Thus I a looking for the golden section between price and quality of education.

Parabellum · Post by **Parabellum** » 18 Jan 2001 17:14

OK, MBA guru's,
I need your advice. Public University vs. private- are public ones are [i:c212753b2c]always that bad?[/i:c212753b2c] Have anyone ever heard of UMass?

Thanks in advance

xstudent · Post by **xstudent** » 19 Jan 2001 03:42

<BLOCKQUOTE>quote:<HR>Originally posted by snetesin:
[i:5e6f672e29]Your starting salary mostly depends on how much experience you had before the MBA. Look at www.businessweek.com. Average post-MBA salary for Harvard: $160K, Tuck: $149.5K.

[/i:5e6f672e29]<HR></BLOCKQUOTE>

Average salary is actually much smaller - $85-95K for consulting/banking. Industry even less. What gets the number to $150K is a sign-on bonus of 25-30K + guaranteed year-end bonus which ranges depending on industry but can be substantial + relocation expences of about 10K. In addition there are other types of deals like forgivable loans to pay tuition debt, etc.

I think experience before MBA is largely irrelevant at least in top schools (maybe because everyone has 3-7 years of it). Everyone gets the about the same compensation package unless you get a job with a small company/startup where compensation can range more. There are of course exceptions but mostly that's the deal.

Cheers.

BTW, UMass (Amherst?) seems to be ok