MBA after all this time?
Here I am about 15 years after I graduated from the University of Illinois with a degree in Architecture. Since then, I've pursued my Architectural career, got licensed, and have been somewhat successful. I've had the opportunity to work on a large variety of projects throughout the US and Europe; however, I'm quickly reaching the point where there is only so much I can do. The next step is for more responsibility and management, but Architects don't learn that. Sure, we take a stupid "Professional Practice" course in college, but it doesn't reflect reality.
I've talked with several people and it's pretty much split 50/50 with half thinking that the MBA can be beneficial, and the other half thinking that it's a waste of time.
Pros: You don't repeat the mistakes that others in management positions make since you learn standard business practices while earning your MBA. You get to meet others outside your profession who not only can develop into lifelong friendships, but future clients as well. You gain perspective outside Architecture that you would never learn just working. Student loans are deferred until 6 months after you graduate. You are more marketable and can earn a higher salary if you have the MBA than if you don't.
Cons: Can take up a lot of time, especially since Architects don't have much of any. You might be required to learn nasty subjects such as accounting and business law which is totally unrelated to the neat pictures we like to look at. You end up with a large amount of debt, and it is not guaranteed that the firm you're with truly appreciates MBA degrees. Many Architects feel that you learn the business better by "learning the ropes" and doing it yourself rather than have formal training.
I have been contemplating getting an MBA degree for a few years now. I've gone to the MBA Forums which was overwhelming with all of the many colleges there from University of Chicago to University of Phoenix. I've gone to a few private information sessions that the individual college offer and I still end up with the same questions:
Are those ratings really a true indicator of how good that school is?
How much will this set me back financially?
Will I really get out of it what I put into it?
How much emphasis will my B. Arch degree have in getting admitted to MBA School? It has been 15 years, but my grades weren't the best.
How difficult is the GMAT? I'm not an accountant or marketing major, so how would I best prepare for it?
This will be the log of my journey not only to make the decision of getting an MBA, but what I will do afterward. Ultimately, I need to decide what the next steps in my life are.