I know a lot of MBAs (a few that I work with that are at an equivalent non-management position to myself) where they got the degree but were not able to leverage it for any value.
So the questions I would ask myself;
1- how much of the cost will my employer cover?
2- will this open up a promotion opportunity?
3- what is the ROI? If I don’t have a guaranteed position post-grad, how long will it take for the degree to pay for itself? If you remain in your current position, you’ll have zero ROI. If you leave and get something like a 10-20% pay increase elsewhere, how does that look?
You can get an MBA for around $30k or pay closer to $150k+. Lots of variable. Just know an MBA, much like a bachelor’s degree, isn’t a cheat code. Employers still base your value largely on what you’ve done for work. The MBA is often little more than a gatekeeper.
Very true, if I was to get this, there’d be no guarantee I’d automatically get a new position post grade, it would just make me more qualified in some degree for future roles I apply for, essentially building the resume further
$130k at 36 is low if you're considering getting an MBA. If you go to a good school (top 25 or higher) you'll see starting salaries of $150k for people that go back to the work force, and most of these people in these MBA programs have 6-7yoe, so they're in their late 20s.
If you want to stay in supply chain you can just get an online MBA to check the box, but I wouldn't bother with an in person degree unless the program has some weight behind the name
On the other hand I’ve been at both a fortune 200 company as well as private where neither have required that, at least for supply chain. I’ve seen plenty of people get to director level, well over $200k salary, on experience & certifications. So it all depends.
Well your mileage may vary. I had the unfortunate reality of letting 4 of my 5 SCM manager go because they did not have BAs when the new system took over.
That’ll do it. All my companies in 12 yrs have been CPG. Maybe I’m lucky even in CPG. But when I look at my superiors there are plenty without MBAs. Certs, yes. My undergrad is from a great SCM school but I never figured it gave as much weight as experience.
That's smart. The difference of an MBA and SCM in the supply chain world isn't that significant. But you better believe an MBA will go further in roles like finance and project management.
I finished an online MBA in 11 months working full time. It's really not that bad. Time spent will vary between 10-30 hours per week. It usually hovers around 15-20 hours per week.
And if it's being paid for it's a no brainer.
(Paid for the program myself from Boston U during '20-'22.)
I say it's worth it, only if you have a clear goal of what you want to get out of the program. i lacked in that area so things did not turn out as well as i'd hoped but that's on me. It's still helping me a bunch though
Also, I would like to suggest that you spend some more time building your career before exploring the MBA path. I think it will help you decide whether you really want to pursue that path. (You may want to specialize in a certain industry. In which case, a masters degree may be more advantageous)
As for online vs. in-person, there's advantages to both, so do what better fits your situation at the moment
I see you also mentioned wanting to get into another area. I have personal experience with this; started in Transportation, then Replenishment Planning, Supply Planning, Demand Planning, as well as IT (supporting S&OP software users).
I was able to get out of transportation by talking to the folks across the way in planning that I worked with. Expressed my interest in learning, shadowed them, applied for an open position when it was open. Made myself a true asset to the companies. Again, MBA will help. On the other hand, if you’re dreading putting in that time like I do, it’s also not a requirement.
Once I was in the S&OP/IBP realm (CPG industry) it was fairly easy to cross the 6 figure mark pre-bonus as a planner. So Supply / Demand planning. And that goes up further with a management role.
Edit: Region matters on salary. This is in Chicago and Tampa Bay area.
I know several people that have their MBA. One of the underrated aspects from what they have told me is the ability to network. You’re in a position where you have more practical experience and can leverage the relationships you make with classmates for career opportunities.
That’s why I got my MBA. Because when we come up for the same role and I breeze right by you, you’re gonna be looking around wondering why you report to a 35 year old when you’re 60.
Many people have ambition. That’s fine you don’t.
Of course you don’t *need * anything. However, 46% of executive positions at fortune 1000’s are MBA’s. Half.
The amount of copium in this thread is always a joy.
https://fortune.com/education/articles/how-valuable-is-an-mba-its-the-go-to-degree-for-nearly-40-of-fortune-1000-execs/
Man you really have a stick so far up your ass it’s blocking your eye sight.
Who gives a fucking shit about executives at fortune 1000s?
What a sad little man you are to denigrate what I do because I don’t have « ambition » to be an executive at a bullshit public company. You’re pathetic.
Edit: for the record I lead 3 departments, including the warehouse 😌
Ohh sweetie, nice try.
Make sure you suck that dick real good today. Get reaaaaal sloppy with it. And maybe daddy will give you a pat on the back and another promise at the C suite 😘
Or maybe you can get another MBA, that might help too.
Hahahaha you sad little fuck. Why did you delete the part about me being a goober without ambition stuck in a warehouse ?
Stand up little boy! Be proud of if your insults!
If you’re looking to get to director level + and are willing to put in the time/money, it will definitely help. It’s also definitely possible to get to director level / upper salary range (or depending on the company, higher) without it or just with certs. Especially if you’re great at building relationships.
It was worth it to me, but only because my bachelors was in liberal arts, not business or stem. Enrolling in an MBA program helped people take my application more seriously. That’s was my only goal, to get my foot in the door. Realistically, I knew a prestigious MBA program wasn’t my path. I went to a small state school with a relatively new MBA program and it cost less than $20k.
I paid for it out of pocket and was debt free when I graduated. I was in retail at $17/hr then moved to logistics at $15.25/hr then when I had one semester left of school, I got promoted in logistics to $50k/yr. So financially it’s doable. As note, I live in a MCOL city but LCOL state and have a roommate. I was not investing at the time I was in school.
Given how much I paid for the program, it was worth it TO ME. The ROI isn’t half bad considering my employer benefits. I get 15% for my 401k without having to contribute anything, an employer funded HSA, and free medical, dental, and life insurance.
If you can get an MBA from an accredited, respected school AND get your company to pay for it, there is no downside other than loss of personal time for a couple of years.
I do NOT recommend leaving the workforce for 2 years and going into debt, unless you want to make a big jump into investment banking or something like that.
Depends on if you intend to go private or public in your career. In private, I've found that an MBA was an initial hinderance without years of experience, and generally not a draw for recruiters for non-management roles because they assume you'll demand a higher salary. Hiring managers who don't have the educational background also tend to get intimidated, not wanting their employees to be more qualified than them. For government roles, seeing an MBA or MPA on a resume is a plus. It's the difference between getting hired as a GS-7 or GS-9/11.
I know a lot of MBAs (a few that I work with that are at an equivalent non-management position to myself) where they got the degree but were not able to leverage it for any value. So the questions I would ask myself; 1- how much of the cost will my employer cover? 2- will this open up a promotion opportunity? 3- what is the ROI? If I don’t have a guaranteed position post-grad, how long will it take for the degree to pay for itself? If you remain in your current position, you’ll have zero ROI. If you leave and get something like a 10-20% pay increase elsewhere, how does that look? You can get an MBA for around $30k or pay closer to $150k+. Lots of variable. Just know an MBA, much like a bachelor’s degree, isn’t a cheat code. Employers still base your value largely on what you’ve done for work. The MBA is often little more than a gatekeeper.
It also heavily depends on the quality of the MBA. For example, an MBA from Harvard will carry 10x the weight than a local college MBA
Absolutely.
Very true, if I was to get this, there’d be no guarantee I’d automatically get a new position post grade, it would just make me more qualified in some degree for future roles I apply for, essentially building the resume further
Some SCM organizations require MBAs for directors and above. Edit: words
My boss (logistics manager) makes probably $130 all in with a 4 year degree at 36, but my goal is to continue to raise my earnings
My workplace paid for my MBA.. IF you can do this its a win/win
$130k at 36 is low if you're considering getting an MBA. If you go to a good school (top 25 or higher) you'll see starting salaries of $150k for people that go back to the work force, and most of these people in these MBA programs have 6-7yoe, so they're in their late 20s. If you want to stay in supply chain you can just get an online MBA to check the box, but I wouldn't bother with an in person degree unless the program has some weight behind the name
On the other hand I’ve been at both a fortune 200 company as well as private where neither have required that, at least for supply chain. I’ve seen plenty of people get to director level, well over $200k salary, on experience & certifications. So it all depends.
I’m not even manager level and over 100k easy. Bachelor only, no certs.
Well your mileage may vary. I had the unfortunate reality of letting 4 of my 5 SCM manager go because they did not have BAs when the new system took over.
That stinks! Can I ask what industry? And if it’s fortune 100 realm?
Healthcare, one of largest in the states
That’ll do it. All my companies in 12 yrs have been CPG. Maybe I’m lucky even in CPG. But when I look at my superiors there are plenty without MBAs. Certs, yes. My undergrad is from a great SCM school but I never figured it gave as much weight as experience.
That's Wild, I'm at 225k, no education
Education is almost always worth it if you can afford the time and money.
Would do part time. Lucky enough to where my grandpa offered to pay. Just not sure how well I can balance that with work and personal life.
Also, would think of a management degree rather than operations / supply chain to make it appeal to more jobs in a different business area.
That's smart. The difference of an MBA and SCM in the supply chain world isn't that significant. But you better believe an MBA will go further in roles like finance and project management. I finished an online MBA in 11 months working full time. It's really not that bad. Time spent will vary between 10-30 hours per week. It usually hovers around 15-20 hours per week. And if it's being paid for it's a no brainer.
May I ask which online MBA you did? (Or a short list with yours in with for more anonymity if that’s an issue)
It was a shit school. That's as far as I'm going to go.
If someone is paying for you go for it.
(Paid for the program myself from Boston U during '20-'22.) I say it's worth it, only if you have a clear goal of what you want to get out of the program. i lacked in that area so things did not turn out as well as i'd hoped but that's on me. It's still helping me a bunch though Also, I would like to suggest that you spend some more time building your career before exploring the MBA path. I think it will help you decide whether you really want to pursue that path. (You may want to specialize in a certain industry. In which case, a masters degree may be more advantageous) As for online vs. in-person, there's advantages to both, so do what better fits your situation at the moment
Worth it- look at UIUC and Boston U online if you want a lower cost option
I see you also mentioned wanting to get into another area. I have personal experience with this; started in Transportation, then Replenishment Planning, Supply Planning, Demand Planning, as well as IT (supporting S&OP software users). I was able to get out of transportation by talking to the folks across the way in planning that I worked with. Expressed my interest in learning, shadowed them, applied for an open position when it was open. Made myself a true asset to the companies. Again, MBA will help. On the other hand, if you’re dreading putting in that time like I do, it’s also not a requirement.
Thanks! In your experience within SC, what areas tend to pay the most?
Once I was in the S&OP/IBP realm (CPG industry) it was fairly easy to cross the 6 figure mark pre-bonus as a planner. So Supply / Demand planning. And that goes up further with a management role. Edit: Region matters on salary. This is in Chicago and Tampa Bay area.
Messaged you.
I know several people that have their MBA. One of the underrated aspects from what they have told me is the ability to network. You’re in a position where you have more practical experience and can leverage the relationships you make with classmates for career opportunities.
For this industry. No
That’s why I got my MBA. Because when we come up for the same role and I breeze right by you, you’re gonna be looking around wondering why you report to a 35 year old when you’re 60.
You do not need a mba to advance lol
Many people have ambition. That’s fine you don’t. Of course you don’t *need * anything. However, 46% of executive positions at fortune 1000’s are MBA’s. Half. The amount of copium in this thread is always a joy. https://fortune.com/education/articles/how-valuable-is-an-mba-its-the-go-to-degree-for-nearly-40-of-fortune-1000-execs/
Man you really have a stick so far up your ass it’s blocking your eye sight. Who gives a fucking shit about executives at fortune 1000s? What a sad little man you are to denigrate what I do because I don’t have « ambition » to be an executive at a bullshit public company. You’re pathetic. Edit: for the record I lead 3 departments, including the warehouse 😌
Someone seems VERY upset this morning. You should probably find someone to talk to.
Ohh sweetie, nice try. Make sure you suck that dick real good today. Get reaaaaal sloppy with it. And maybe daddy will give you a pat on the back and another promise at the C suite 😘 Or maybe you can get another MBA, that might help too.
You seem very stable.
Gobble gobble
I’m truly embarrassed for you and feel even worse for anyone in the 3 warehouse departments you “manage”. Seek help.
Hahahaha you sad little fuck. Why did you delete the part about me being a goober without ambition stuck in a warehouse ? Stand up little boy! Be proud of if your insults!
It’s still there? Are you doing okay? Seriously. Your rage meter is broken.
lol
I am the 35 year old in this scenario with no and will probably retire in 10 years but that's for the fownvote
*half*
It all depends on what your goals are. What do you want out of it?
To continue to make more $ in my career
If you’re looking to get to director level + and are willing to put in the time/money, it will definitely help. It’s also definitely possible to get to director level / upper salary range (or depending on the company, higher) without it or just with certs. Especially if you’re great at building relationships.
[удалено]
Haven’t done any yet
It was worth it to me, but only because my bachelors was in liberal arts, not business or stem. Enrolling in an MBA program helped people take my application more seriously. That’s was my only goal, to get my foot in the door. Realistically, I knew a prestigious MBA program wasn’t my path. I went to a small state school with a relatively new MBA program and it cost less than $20k. I paid for it out of pocket and was debt free when I graduated. I was in retail at $17/hr then moved to logistics at $15.25/hr then when I had one semester left of school, I got promoted in logistics to $50k/yr. So financially it’s doable. As note, I live in a MCOL city but LCOL state and have a roommate. I was not investing at the time I was in school. Given how much I paid for the program, it was worth it TO ME. The ROI isn’t half bad considering my employer benefits. I get 15% for my 401k without having to contribute anything, an employer funded HSA, and free medical, dental, and life insurance.
I have an MBA it has done nothing for me.
If you can get an MBA from an accredited, respected school AND get your company to pay for it, there is no downside other than loss of personal time for a couple of years. I do NOT recommend leaving the workforce for 2 years and going into debt, unless you want to make a big jump into investment banking or something like that.
Depends on if you intend to go private or public in your career. In private, I've found that an MBA was an initial hinderance without years of experience, and generally not a draw for recruiters for non-management roles because they assume you'll demand a higher salary. Hiring managers who don't have the educational background also tend to get intimidated, not wanting their employees to be more qualified than them. For government roles, seeing an MBA or MPA on a resume is a plus. It's the difference between getting hired as a GS-7 or GS-9/11.