How much is an MBA worth? An update
February 18, 2008
Written by Joe D.
Posted in Education

One of the first articles on this site was my personal account on the MBA program that I’m currently in, and what I ultimately thought it was going to be worth. Lately there have been a lot of changes and things going on in my schedule and spare time, and the thought of not continuing my MBA program has started sink in. I know most people would say I’m crazy with all the time and money that I’ve already invested into it. But with all the things going on in my life, I’m starting to realize that something is probably going to have to give.

When I first started my MBA program, it was mainly as a way to jump start my career and move into more leadership roles to ultimately have more power in making decisions and to earn more money for myself and my family. From the time that I first enrolled over two years ago, a lot has changed in my career. Since then I have moved on to one of the best companies to work for in my city, and I am making a very good salary. My perspective now is a little different as I am not so focused on just getting a job, I’m looking at the next step in my progression being owning my business and doing more to free up the amount of time I have on a day to day basis.

Obviously my MBA program works well in that capacity as well, as I can concentrate less on the way it can help propel my career, and concentrate more on how it can help me to run my own business.  The problem is that there really aren’t enough hours in the day to accomplish it all.  I work at my day job (which provides the majority of our income) for most of the day, then I spend at least 4 hours a day working on my various business efforts (including this site), and then I’m supposed to go to class at least twice a week and do all the work associated with that.  Not to mention, I have a family that needs to spend time with me as well.  It’s easy to see how I’ve been going crazy lately.

Currently I’m right about at the half-way point for my MBA, so it’s hard for me to say just to push through until the end, since I still have quite a bit farther to go.  Right now I’m just taking one class, and it’s actually not very challenging since I know a lot about the topic already from my work experiences.  But when next semester comes, I’m going to have to make a tough decision.  If I don’t take any classes, then I officially “drop out” and would have to reapply in order to start up again.  Not to mention I would be paying on my student loans for a degree that I wouldn’t even have.

So what should I do? Continue on and let my business ventures take a backseat?  Or continue to work on my dreams, let school go, and take my student loans as an investment I made to better my career (which it already has).  It’s a tough decision, but regardless of what I decide for next semester the one thing that is not going to take a backseat is my family.

What do you all think?  Any advice would be great!


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