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Old 05-17-2011, 01:01 PM
shaselai shaselai is offline
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Originally Posted by Hector View Post
So you already have a masters. What was your major? How much are you making with this masters degree? Apart from the hope of getting higher salary with MBA, what are other reasons for getting MBA?

Its a bad idea to ask your parents to borrow money for your MBA.
well my major is Computer Science. I am making 70ish in upstate NY. I am a bit tired of the programming scene and want to switch to consulting/finance. I could also come back into management as well though... The master degree didnt make a jump in terms of salary for me (i did get bonus) because the company doesnt see degrees as "automatic salary booster". I started taking it 4 years ago because i was a bit young in WE for MBA and I figure it would help me professionally at that time and for MBA towards the future... I want a breath of fresh air and I think MBA will help me switch careers as well as increase pay. New grads are making more and more and younger folks are making more because of their original salary mark... Also I don't want to sit and code forever..
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Old 05-17-2011, 01:37 PM
Hector Hector is offline
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Originally Posted by shaselai View Post
well my major is Computer Science. I am making 70ish in upstate NY. I am a bit tired of the programming scene and want to switch to consulting/finance. I could also come back into management as well though... The master degree didnt make a jump in terms of salary for me (i did get bonus) because the company doesnt see degrees as "automatic salary booster". I started taking it 4 years ago because i was a bit young in WE for MBA and I figure it would help me professionally at that time and for MBA towards the future... I want a breath of fresh air and I think MBA will help me switch careers as well as increase pay. New grads are making more and more and younger folks are making more because of their original salary mark... Also I don't want to sit and code forever..
I think a developer can become manager and manager can switch careers. You are in IT and I saw people with music major managing IT groups. I think reverse is a possibility as well. I agree that doing MBA is a good way to change career specially finance is your interest, but what I am trying to say is that its not the GURANTEE that you will make 80k+ with your MBA. For example, I see people making 80k+ with MS in computer science with no experience and you mentioned that you are making 70ish. I wish you good luck in your future. Just just keep in mind that [if MBA, then salary > 80k] is not true all the time. Having MS and being interested in finance, you must be good at match. You should know that 70k now is a more than 80k after two years if one consider loss of saving during these two years in addition of incurred debt to get MBA.
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