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  1. #1
    Registered User bananastand11's Avatar
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    Masters in Business Admin worth it?

    Never studied before - about to turn 33 and work full-time.

    The MBA will take me 2 years to complete part-time study.

    I have held what I consider to have been decent paying jobs for someone who never went to uni. $76k + superannuation (Aus brah) in Sydney but just recently took a lower paying job of $70,500 + 15.4% superannuation.

    However I've come to realise that isn't good money whatsoever in the grand scheme of things.

    My query revolves around whether an MBA actually stands out on a resume in addition to solid experience and work history - or whether hiring managers are going to say "well this guy has the MBA, but he hasn't been an actual manager before so, on to the next candidate"

    I don't want to waste 2 years studying in addition to the $50k or so in course fees I will have to pay back to the government.

    Any advice or input from brahs who've done the MBA, know anyone who has, or are in a position to comment with their own work perspective when it comes to one would be greatly appreciated!
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  2. #2
    Registered User cazzo1's Avatar
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    Id just buy a rental property instead. School is a scam
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    Registered User bananastand11's Avatar
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    Originally Posted by cazzo1 View Post
    Id just buy a rental property instead. School is a scam
    I've always been of the theory experience -> education when it comes to finding a new job.

    Unfortunately I don't have the money to buy a property... which coincidentally has lead down this path because it seems with society today I need that degree to have a chance of earning a much higher salary in order to be able to one day afford a property.
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    test the limits RobParks2M's Avatar
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    Originally Posted by bananastand11 View Post
    I've always been of the theory experience -> education when it comes to finding a new job.

    Unfortunately I don't have the money to buy a property... which coincidentally has lead down this path because it seems with society today I need that degree to have a chance of earning a much higher salary in order to be able to one day afford a property.

    ...but you have the money for a degree??
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  5. #5
    Registered User bananastand11's Avatar
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    Originally Posted by RobParks2M View Post
    ...but you have the money for a degree??
    No.

    In Australia the government pays for it outright.

    Once you begin making above a salary threshold, it begins to be taken out of your repayments through tax.

    No one in Australia except the uber-rich pay for their education outright.
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  6. #6
    Banned Rajc's Avatar
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    that's not really a worthwhile degree OP - the trends are clear: cyber security, IT in general and green energies.. go into one of those fields
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    Registered User bananastand11's Avatar
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    Originally Posted by Rajc View Post
    that's not really a worthwhile degree OP - the trends are clear: cyber security, IT in general and green energies.. go into one of those fields
    I'm unfortunately not technically savvy enough to pursue cyber security or an IT related degree. I've looked into cyber security in the past (work at a Defence contractor and there are plenty of those jobs across the company, so I looked into it and had a colleague try and walk me through Linux and whatnot... unfortunately it's not for me)

    Whereas I was doing literally everything the Operations Manager was doing bar some financial work - in my Project Coordinator role - and to me the $120-150K salary that the Operations Manager was on would be more than enough for me. That's kind of the career path I feel I'm headed towards.

    With that information do you still think it would be a useless degree?

    An appeal of it also is that it is only 2 years part-time to complete.
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    Registered User paulinkansas's Avatar
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    Originally Posted by cazzo1 View Post
    Id just buy a rental property instead. School is a scam
    That's what I did, and I'm 2 classes short from getting my MBA. What did I learn in school that I apply now? If you can buy a rental property and 6 months of gross rent covers the purchase price, it's a good deal. It may take 7-10 months to get 6 months of rent.

    Disclaimer - properties are dirt cheap in my town because of a high rate of bank foreclosures. Thank you Amazon for taking 1600 jobs away from this county of 30,000 people.
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    Originally Posted by bananastand11 View Post
    I'm unfortunately not technically savvy enough to pursue cyber security or an IT related degree. I've looked into cyber security in the past (work at a Defence contractor and there are plenty of those jobs across the company, so I looked into it and had a colleague try and walk me through Linux and whatnot... unfortunately it's not for me)

    Whereas I was doing literally everything the Operations Manager was doing bar some financial work - in my Project Coordinator role - and to me the $120-150K salary that the Operations Manager was on would be more than enough for me. That's kind of the career path I feel I'm headed towards.

    With that information do you still think it would be a useless degree?

    An appeal of it also is that it is only 2 years part-time to complete.

    If you're already in working in Projects why don't you just do a Prince2 or something similar and get into Project Manager roles?
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    Registered User bigdownunder's Avatar
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    You don't need an MBA to be a project manager.
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  11. #11
    Registered User dontstopbelief's Avatar
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    The only way an MBA in Australia is worthwhile is:

    1. Top tier uni program, I.e. UNSW or Melb Uni.
    2. You are already at a director level at say a big4 consulting firm or bank and are looking to push into a Partner position where an MBA could give you a notable edge.
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  12. #12
    Trancebrah _zman's Avatar
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    Originally Posted by bananastand11 View Post
    Never studied before - about to turn 33 and work full-time.

    The MBA will take me 2 years to complete part-time study.

    I have held what I consider to have been decent paying jobs for someone who never went to uni. $76k + superannuation (Aus brah) in Sydney but just recently took a lower paying job of $70,500 + 15.4% superannuation.

    However I've come to realise that isn't good money whatsoever in the grand scheme of things.

    My query revolves around whether an MBA actually stands out on a resume in addition to solid experience and work history - or whether hiring managers are going to say "well this guy has the MBA, but he hasn't been an actual manager before so, on to the next candidate"

    I don't want to waste 2 years studying in addition to the $50k or so in course fees I will have to pay back to the government.

    Any advice or input from brahs who've done the MBA, know anyone who has, or are in a position to comment with their own work perspective when it comes to one would be greatly appreciated!
    In my research, what I do is look for jobs that I want, I find the job listings and all their requirements and typically what they look for. Most jobs I want say they prefer an MBA, but will accept experience in lieu of the degree. So I would start there and see if it's actually a requirement or preferred method for selecting candidates. You could even reach out to the recruiters and hiring managers and pick their brains before spending all that time and personal mental toll of going through that process.

    If my goal is leadership, senior leadership positions, this is a route I'm going to have to take, and in my field (analyst), you're pretty much guaranteed about 25% or more in pay. So it makes sense for me to do, if I choose to stay in the corporate environment. With that will come less work life balance, more pay, more stress, and more responsibility, but more job security, more job flexibility, and the ability to move overseas or across the country much easier. So yes, if your education is free, more than likely it makes a lot of sense to do depending on your goals.
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  13. #13
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    MBA makes sense if your company is paying for it, and it's really just to tick a box for bragging rights. It makes your resume look better when applying for jobs, and its pretty easy coursework for 1.5-2 years. The material is pretty interesting, too. I enjoy reading as a hobby, and getting my MBA is like being paid to read and study topics that interest me (business, economics, finance).

    I wouldn't pay out of pocket for it, though
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  14. #14
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    Meh, I have one. Could see why some say it's not worth it. But one thing is for sure, do not go into debt for one. That would be really really dumb.
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    Only do it if it's a requirement for the job you want and it's from a top school, otherwise, don't bother.
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    I'n Australian in the US. MBA is worthless degree now, If you want to go back do something more technical, what is your current job to give me an idea.

    MBA is only good with the people in it. My mate did one at UWA (University of Western Australia) for you American plebs, He works in US and has excellent job at a Oil and Gas company, but he said the people were mainly teachers, Perth muppets basically. An MBA used to be good at Ivy League spots in US, but all they teach there now is social impact and race theory, so it's worthless and people are not that stupid to spend 200k on that sh*t so the talent these schools can command has dryed up. I have an ex roommate who is doing a Harvard MBA....not at all smart.
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    Originally Posted by GeezersPalace View Post
    I'n Australian in the US. MBA is worthless degree now, If you want to go back do something more technical, what is your current job to give me an idea.

    MBA is only good with the people in it. My mate did one at UWA (University of Western Australia) for you American plebs, He works in US and has excellent job at a Oil and Gas company, but he said the people were mainly teachers, Perth muppets basically. An MBA used to be good at Ivy League spots in US, but all they teach there now is social impact and race theory, so it's worthless and people are not that stupid to spend 200k on that sh*t so the talent these schools can command has dryed up. I have an ex roommate who is doing a Harvard MBA....not at all smart.
    My local University leans conservative and is a business oriented school. Don't get an MBA from just any school. Obv do your research.
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  18. #18
    Registered User bananastand11's Avatar
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    Thanks for all the replies in this thread boyos.

    A little more information:

    Course is through the University of Adelaide (UoA). Supposedly top 1% worldwide and ranked 106th in the world. They also claim they're a part of some organisation which means it's a worldwide recognised degree probably just garbage I'd imagine all would be recognised.

    My partner graduated from Baylor in Texas - which looks like an amazing college... yet they're ranked hundreds of spots below UoA. So don't know what to make of these rankings.

    Also adding on, I will be moving to the US in say 3 years to live with my partner in Texas - which is why the 2 year part time study for the MBA was so appealing. As it seemingly will fit perfectly in that planned timeline. Other undergraduate courses such as a Bachelors of Business or anything similar - would take 6 years part time.

    Ideally I would eventually like to work in the Defence field again in the US - but I wouldn't be able to do that straight away until I became a citizen. So in the interim would need to find another field, which I believe the MBA wouldn't hinder in that regard.

    After leaving the Army a decade ago I have held varying administrative based jobs all increasing in responsibility to the point I've been working closing with MDs on a daily basis.

    I see administrative jobs advertised at Colleges in Texas where I more than tick every box they're looking for in both responsibility history and requirements - all bar the university degree. These jobs mightn't sound that great to people on here - but some pay the same amount that I'm earning now - but in US dollars which in its own right is insanely good considering the cost of living from Sydney to Texas.

    I've also confirmed that my current employer will pay for 25% of the course fees.
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  19. #19
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    Ok i'm going to burst your bubble here, but heres the reality and i'm saying this as an Australian/American Dual.

    You WILL NOT work in defence in the United States. Yes when you get married to your wifey, you will be eligible to work for a military contractor etc, just like I am but just like me, you will never pass clearance. All these jobs require U.S clearance which we as people who grew up in Australia could never ever pass. I actually got some exposure to this a few years back when and old roomette in NYC was in the 2-3 year process and someone came over to our house to interview one person in the house. It's the real deal. As a pleb from Adelaide, you can't get it. My uncle is the only guy I know who consults for the U.S Military as an Australian, to give you an idea, if I tell you his name, you will know who he is.

    Where in Texas are you living? Texas isn't as cheap as you think it is. Yes the housing is cheap but the houses are for plebs and not last 10 years and are on next to no land making there long term viability poor. In fact if you buy a house in Texas in 2021, you are a ****ing retard no question. I just spend all of last year living there. Houston is resources like Perth, Dallas is Financial And Plastic Surgery, San Antonio is military jobs you will never qualify for and Austin is Tech and Social Justice. That's your options, Things aren't all rounded like Adelaide, cities in the U.S are very industry specific.

    No one is going to give a **** about your Australian experience, or frankly your Australian degree. Yes Adelaide is a good school and Baylor is **** school, but no one here is going to care. If you don't have a bachelors degree you will likely start at the bottom and have to work yourself up.

    This is America pal you need to have some technical and specialized skill or be a union pleb, or basically no one cares, you offer nothing of value. Can you code? etc? Your not in Australia where you get paid six figures to sit on a chair and do nothing.

    If I was you I would work out what you wanna do etc. 25% paid will come with stipulations from your employer and even then you will still be on the hook for 75k at least. Administrative jobs and colleges are for POC, as a white wealthy foreigner you are at the back of the queue.

    Give me some more information to work with here, or not what the **** do I know, I'm just one of the few Australians whos actually made it in this country after the other 90% go home back to high wages but pleb girls and pleb ciites.
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    Originally Posted by GeezersPalace View Post
    Ok i'm going to burst your bubble here, but heres the reality and i'm saying this as an Australian/American Dual.

    You WILL NOT work in defence in the United States. Yes when you get married to your wifey, you will be eligible to work for a military contractor etc, just like I am but just like me, you will never pass clearance. All these jobs require U.S clearance which we as people who grew up in Australia could never ever pass. I actually got some exposure to this a few years back when and old roomette in NYC was in the 2-3 year process and someone came over to our house to interview one person in the house. It's the real deal. As a pleb from Adelaide, you can't get it. My uncle is the only guy I know who consults for the U.S Military as an Australian, to give you an idea, if I tell you his name, you will know who he is.

    Where in Texas are you living? Texas isn't as cheap as you think it is. Yes the housing is cheap but the houses are for plebs and not last 10 years and are on next to no land making there long term viability poor. In fact if you buy a house in Texas in 2021, you are a ****ing retard no question. I just spend all of last year living there. Houston is resources like Perth, Dallas is Financial And Plastic Surgery, San Antonio is military jobs you will never qualify for and Austin is Tech and Social Justice. That's your options, Things aren't all rounded like Adelaide, cities in the U.S are very industry specific.

    No one is going to give a **** about your Australian experience, or frankly your Australian degree. Yes Adelaide is a good school and Baylor is **** school, but no one here is going to care. If you don't have a bachelors degree you will likely start at the bottom and have to work yourself up.

    This is America pal you need to have some technical and specialized skill or be a union pleb, or basically no one cares, you offer nothing of value. Can you code? etc? Your not in Australia where you get paid six figures to sit on a chair and do nothing.

    If I was you I would work out what you wanna do etc. 25% paid will come with stipulations from your employer and even then you will still be on the hook for 75k at least. Administrative jobs and colleges are for POC, as a white wealthy foreigner you are at the back of the queue.

    Give me some more information to work with here, or not what the **** do I know, I'm just one of the few Australians whos actually made it in this country after the other 90% go home back to high wages but pleb girls and pleb ciites.
    Thanks for the reply bruh. Not sure where the aggressive hostility comes from though.

    I am under the impression several years down the track after having the green card, when I would become a US Citizen, is when I would be able to apply for any work which requires a security clearance. As all job advertisements say 'Must be a US Citizen'.

    I don't want an actual military job - I've done the military life already. A Defence contractor again is all I'm going to be aiming towards.

    I've also had just a tad to do with the vetting agencies of all Five Eye countries having been the FSO for the Defence contractor here in Australia...

    You must be in a very pigeonholed part of Texas to think there's no land. My partner and I are already looking at buying 3-5 acre lots not even half an hour out of the major city she works on the outskirts of. Tossing up whether we go that route now, and build at some point. Or the cheaper option of buying in a new estate closer to the outskirts of the major city where she works, with the search criteria of 0.5 acre lots which would mean I will (once the covid nonsense is over) go over much more frequently in the interim since I wouldn't be paying for hotels every night of the trip.

    I'm confused regarding your Bachelors degree comment. Is a Masters not greater than a Bachelors?
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    I considered moving to Dallas myself. There's a ton of defense contractors in that town that I was looking at applying to. There are some jobs that require clearance, but I don't think all of them do. And I don't know if I trust what Geezer is saying, based off his post. Just do your research, find a recruiter at the employers you want to work for. See what they're looking for. Skip the BS.
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    Originally Posted by bananastand11 View Post
    Thanks for the reply bruh. Not sure where the aggressive hostility comes from though.

    I am under the impression several years down the track after having the green card, when I would become a US Citizen, is when I would be able to apply for any work which requires a security clearance. As all job advertisements say 'Must be a US Citizen'.

    I don't want an actual military job - I've done the military life already. A Defence contractor again is all I'm going to be aiming towards.

    I've also had just a tad to do with the vetting agencies of all Five Eye countries having been the FSO for the Defence contractor here in Australia...

    You must be in a very pigeonholed part of Texas to think there's no land. My partner and I are already looking at buying 3-5 acre lots not even half an hour out of the major city she works on the outskirts of. Tossing up whether we go that route now, and build at some point. Or the cheaper option of buying in a new estate closer to the outskirts of the major city where she works, with the search criteria of 0.5 acre lots which would mean I will (once the covid nonsense is over) go over much more frequently in the interim since I wouldn't be paying for hotels every night of the trip.

    I'm confused regarding your Bachelors degree comment. Is a Masters not greater than a Bachelors?
    I'm not being aggressive I'm just direct.

    Correct in 7 years when the U.S Passport is completed you will technical be eligible for defense jobs. But all these jobs require clearance, which basically due to growing up in Australia you will not qualify for, so your not eligible, let's be real. As I said my uncle is the only person who I know who passed it as an Australian national, but obviously has skills that the U.S Government thought it were necessarily to spend maybe close to a million dollars in completing a clearance for him. Like i said. if I told you my uncles name you will know who he is like most Australians know who he is. Even at civilian defense level, They are gonna want to interview University professors, Football coaches a as child etc. they don't send out email questionnaires, they send a guy in a suit and ray bans to find out. Are they gonna send guys out to Australia just so you can work a middle management role at a civilian defense contractor?? of course not.

    Where in Texas are you planning live. I just spent last year living in Rice Military in Houston, which is a nice area, think of Balmain Eastern Subs in Sydney. Where do you want to live in Texas, You get what you pay for in America. You might find something cheap yes but you quality of life will be aligned with it. If Your planning on living Where i think you are which is on the outskirts of San Antonio and Austin, those places and houses are ghettos, You are literally dropping a class level moving from Sydney to there. You are well within your rights to live there, would i live there and give me kids no chance at success...absolutely not. There are reasons why people want to live near the city in the nice areas with nice schools. Price is also considerate to opportunities in the area.

    With regards to the MBA is greater but also it's not. I do know people who went down the pathway your going down and they were rejected from positions for not having an undergraduate degree, it depends, its not a cut and dry better degree being postgrad. MBA in the end is only useful if you intend to push into more corporate governance, I think you should do more research into this. Don't just go to school for the sake of going to school, What do you hope to achieve career wise from an MBA at Adelaide?
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    better than nothing?

    what are the other options?

    are u going to make use out of this diploma or gain more salary?
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    Lot's of people say MBA's are worthless but the data doesn't agree. Still one of the highest ROIs of any post graduate degrees.

    I have an MBA from a top school and I will say this though. Only a very small percentage of employers/recruiters/whatever will value an MBA. You need to find those people to get that ROI, but when you do find them they are willing to give you a lot more money. There are a couple industries like finance and consulting where an MBA is valued at all levels but most other industries only the executives and senior management will care you have an MBA.

    This is important because if you are interviewing for a more junior or intermediate role where a middle manager and hr are going to be the only people interviewing you then they likely won't put any value on an MBA.

    So make sure the rest of your profile is strong enough to get a more senior job (unless youre interested in consulting or finance or whatever).

    Also will say as a side note that the career manager is in very strong decline. There are less and less jobs out there for someone with an MBA and no real other skills. Most places will expect you to be a Subject Matter Expert in something as well as have an MBA. It wasn't clear if you actually have any skills.

    I have extensive technical skills and a bachelor and MSc besides my MBA so my experience might be different than yours.
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