Wednesday, September 22, 2004
An M.B.A. on the Side
First, I went part-time for an MBA and feel as if I missed a lot - clubs, associations, networking, seminars, the whole sha-bang.
OTOH, I believe the PT route may be the only cost effective way to obtain an MBA. And my reasoning becomes self-perpetuating.
As education, and it's sister, professional accreditations, became the pathway towards higher salaries (via promotions or collective bargaining), more people found it necessary to obtain advanced education.
As more and more supply entered the market, the demand side was capable of setting its own terms. As a result, the cost-benefit analysis began to shift from a full-time, loan-laden degree to a part-time, employer-assisted degree where the student maintains there current financial situation.
As the demand side has more and more MBA candidates to chose from, the package offered becomes less and less valuable while the cost for the MBA full-time MBA student continues to increase. Thus making the PT MBA more attractive.
As the PT becomes more fiscally-beneficial, it attracts more and more students who can now afford it.
As more potential students desire the degree based on the quickly deteriorating logic of better salaries, more schools begin to offer the degree.
As more schools offer the degree because their costs are born by employers and smaller loans, more MBAs enter the marketplace.
As more MBAs enter the marketplace, the demand side gains more power to offer less.
First, I went part-time for an MBA and feel as if I missed a lot - clubs, associations, networking, seminars, the whole sha-bang.
OTOH, I believe the PT route may be the only cost effective way to obtain an MBA. And my reasoning becomes self-perpetuating.
As education, and it's sister, professional accreditations, became the pathway towards higher salaries (via promotions or collective bargaining), more people found it necessary to obtain advanced education.
As more and more supply entered the market, the demand side was capable of setting its own terms. As a result, the cost-benefit analysis began to shift from a full-time, loan-laden degree to a part-time, employer-assisted degree where the student maintains there current financial situation.
As the demand side has more and more MBA candidates to chose from, the package offered becomes less and less valuable while the cost for the MBA full-time MBA student continues to increase. Thus making the PT MBA more attractive.
As the PT becomes more fiscally-beneficial, it attracts more and more students who can now afford it.
As more potential students desire the degree based on the quickly deteriorating logic of better salaries, more schools begin to offer the degree.
As more schools offer the degree because their costs are born by employers and smaller loans, more MBAs enter the marketplace.
As more MBAs enter the marketplace, the demand side gains more power to offer less.
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