Accelerated Management Program
I am a high school senior and am enrolled to begin college in the fall semester and I am very interested in a career in finance.
My college has quite a good business school, I'm not quite sure if it is target or non-target, but it is ranked somewhere around 30th in the country.
Now here is the big issue, this business school offers an Accelerated Management Program, which allows me to get my MBA in 5 years, which sounds great to me, but I am now worried about the position that I will be in when I graduate with an MBA and absolutely no work experience.
Has anybody heard of similar programs or have any sort of idea what effect this will have on future companies hiring me?
Real talk: they want to charge you for five years of school. Don't get the MBA if you have the option.
So you're saying that the MBA would be worthless? It is only one extra year of school though is why I am looking at it.
There are two huge costs associated with this program:
1) An unnecessary fifth year of college (which costs both tuition and opportunity cost of not working), and 2) A wasted MBA opportunity, since most good schools will not let you apply if you already have one.
If you decide you want your MBA, work for a few years after college then go through the usual process.
If you're looking for an extra year to give you some perceived edge over your undergraduate companions go with a masters degree like an MSF or Masters in Economics.
But if you don't need it why get it?
Yeah, I do see what you guys are saying. I guess that the program is just very enticing, it looks like you can gain heaps out of just one more year of school.
Why does it look like that? What do you think you'll gain?
Well, now that i think about it, it sounds stupid, but I was somehow thinking that it would mean that I would be able to skip a lot of the lower entry level work somehow. Yeah, it sounds really stupid when I look at it now.
I feel you are associating all of the benefits that an MBA provides to the letters themselves. That by just checking the box that you have an "MBA" and by getting it as soon as possible will suddenly launch your career to the point a normal MBA graduate will be at.
But that simply is not true, There's no short cut that by passes 3-5 years of relevant work experience and a top MBA program.
By getting your MBA in 1 year after undergrad with 0 years of experience you will be closing more doors than you will be opening. But more importantly you will be closing the "best" doors while opening some "mediocre" ones at best.
Yeah, I think you pretty much just summed it all up there. That was pretty much what I had in mind, though I definitely had my doubts or I wouldn't have written this post. I was also thinking that I may be able to work for a year or so in between undergraduate and graduate school, but that seems pretty pointless too as I would be competing against people with a lot more work experience.
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