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Discuss MBA's are they worth it ? at the Officers forum within the The Army Rumour Service website; After leaving the services has anyone had an established career, and in an attempt to ...
  1. #1
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    MBA's are they worth it ?

    After leaving the services has anyone had an established career, and in an attempt to advance further and open doors, taken a year out to study full time for a MBA?

    Did it work for you and open the doors you wanted ?
    or
    Did you change career as a result of passing the MBA ?

    Would you recomend it to others ?
    ex soutpiel

  2. #2
    Senior Member smartascarrots's Avatar
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    Re: MBA's are they worth it ?

    I've not done one myself but I work in HE Admissions and can tell you one thing straight off - there are a lot of MBAs out there that aren't worth the money. What you should go for if you're intent on doing it are the ones accredited by the Association of MBAs. They audit their accredited courses on a regular basis and are pretty faeces-hot at spotting where standards are slipping. Most Business Schools will move heaven and earth to keep them happy, which means keeping strictly to the entrance requirements. This is generally a good academic performance (usually 2:1 Hons or better) and at least 2 years work experience at managerial level; or at least 5 years' managerial experience at a senior level. They will accept good quality work experience provided it ticks the boxes, so be prepared to emphasise your training and experience in organisational decision-making, personnel management/supervision and budgetary control.

    Be prepared also to pay a sodding fortune for them. They're designed for people who're already working at middle-management level and can therefore be expected to have a few shekels to spend on improving their CV. If you can take the time to do them part-time, you may find this is a cheaper option; many institutions will also gear their p/t MBAs around people who can't take the time out of their careers and hold classes evenings and weekends. It's also worth shopping around for Schools which will include your core texts in the tuition fee. I've even seen 'free' laptops being included in the price.

    As to benefits of doing it, the actual processes you'll be taught won't pose too many problems for anyone who's done Staff College and oughtn't to be beyond anyone who's been through their YO Course. The basic analytical tools you'll be taught are actually a lot simpler and less rigorous than a Combat Estimate, for example; whenever I'm plotting mischief, I prefer to use CE then translate it afterwards. What the course will teach you is the language of Planet Business, i.e. how to speak to future employers on their own terms to convince them you're senior manager level with potential to go even further. There are also several schools offering MBAs specialising in certain areas like sales and marketing, manufacturing, supply chain or HR. You pays your money and you takes your choice.

    As to opening doors, there are precious few unemployed MBA Graduates. However, in the interests of fairness I should remind you that the entry requirement do pretty much guarantee that your civvy classmates will be pretty employable in their own right even without it.
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    Re: MBA's are they worth it ?

    my background is I am an engineer and as you suggest i don't speak "business" fluently. Though I am often involved in management decisions, I am not regarded as management, but rather more of a influential specialist who can be reassigned/dispensed with once the project is up and running.

    I am looking to break this pattern, hence the interest in a mba and those that have completed them.
    ex soutpiel

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    Senior Member PoisonDwarf's Avatar
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    Re: MBA's are they worth it ?

    Quote Originally Posted by pdq_bar
    my background is I am an engineer and as you suggest i don't speak "business" fluently. Though I am often involved in management decisions, I am not regarded as management, but rather more of a influential specialist who can be reassigned/dispensed with once the project is up and running.
    Don't worry about it. I'm a squaddie (not an officer) and thrashing my way through the OU MBA at the moment. If I end up sleeping rough under Waterloo Bridge I'll be bloody pissed off!
    "I firmly believe that we should not march into Baghdad. To occupy Iraq would instantly shatter our coalition, turning the whole Arab world against us and make a broken tyrant into a latter-day Arab hero. Assigning young soldiers to a fruitless hunt for a securely entrenched dictator and condemning them to fight in what would be an unwinnable urban guerrilla war." George Bush Snr, A World Transformed, 1998

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    Re: MBA's are they worth it ?

    Like Poison Dwarf I am wading through the mire of an OU MBA. It's business school is triple accredited so is well regarded.

    I started it in Nov 05 and left the Army in Jan 07. I used ELC to help with funding. it costs £2 - 2.5k per module. Overall it will cost me about £10k. Is it worth it? It depends on your personal circumstances -family, tours, understanding, supportive frau etc etc... - and depends what sort of career you want.

    It didn't help me get a job on leaving (luckily I had one lined up) but I am learning a lot and the OU is a good way of networking. The MBA Association also has business breakfasts/seminars which are good for networking so they are some of the spin offs.

    I think that it shows any employer more about you - commitment, self motivated, bright, self dicipline etc etc

    Overall the MBA is a good call to do even though I threaten to kick it into touch every time an assignment or exam looms!

    Good luck.

  6. #6
    Senior Member Victorian_Major's Avatar
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    Re: MBA's are they worth it ?

    I'm doing an OU MBA too. I cracked a lot of the early stuff on two op tours so although I missed the face-to-face seminars, I was able to throw a lot of time at the study.

    The MBA per se won't help you get a job. As other posters have stated there are a lot of duff MBAs out there so you are counting on an employer to do the due diligence to work out if yours is any good. Some won't be arrsed.

    The MBA will however help you to think in a business context and shift you across to understanding business. It follows that the MBA is only any good when you start to apply it to what you are doing. In that context the OU MBA is quite well regarded over a full time MBA because you are spending more time applying the training to your working context.

    That's what an employer is looking for - not just the postnominals. You therefore need to find a closing job in the Army that in which you can apply elements of your MBA training and squeeze that fact into your CV. Then you stand out from the crowd.

    I got a job within a few months of leaving without an MBA (although I cited all the MBA modules I'd passed in my CV).

    One final note - Officers do not get enough exposure to meaningful budgets. Occasionally getting to glare at some tw@t called BudMan in a meeting isn't quite the same. You need to get stuck into the financials. In the OU context this is an exceptionally painful optional module called Financial Strategy that IMHO beats Staff College into the kindergarten and unlike the other modules is a lot easier to fail.

    It really isn't a long attendance course but actually a pretty cerebral slog, so I can only imagine how tough the year-long versions are. You need to really throw yourself into it. Good luck!

  7. #7
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    Re: MBA's are they worth it ?

    A friend of mine who is an HR Director always recommends CIMA (Chartered Institute of Management Accountants) as a good alternative to an MBA. Allegedly, it covers the same stuff plus more, has a lot more of the financial management side HM Forces miss out on and is apparently very well regarded. It's also modular and designed to be done alongside a job, so you can do the first few levels (OU Foundation course, level 1) before taking a job and then go and get the work experience necessary to progress.

    An alternative, anyway; he also, having worked as a consultant to DPA (as was), thinks it would help more officers win those fights with the civil servants at higher levels...
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  8. #8
    Member Epiphany's Avatar
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    Re: MBA's are they worth it ?

    Some good advice on here for sure! As for distance learning accredited MBAs both Leicester and Bradford Uni also offer good alternatives to the OU option.

    There is supposedly an emphasis when studying for an MBA that it will be something you can refer to and use throughout your resulting career as an ongoing tool for personal development, not just a 'pick up and put down when completed' qualification like most degrees.

    Both Belfast and Victorian Major are spot on with the other bonuses for studying, it demonstrating self discipline to employers, being a good tool for networking etc...

    Also importantly it gives you valuable civi speak jargon and enables you to correlate a lot of the management experience you have gained in the military and turn it into identifiable civi blah.

    If anything the fact I was studying for one gave me much confidence when going for interviews before leaving. If planning to study full time I would strongly recommend looking at the more 'prestigious' Unis that offer MBA programmes and also pin down what specific slant it has i.e. one with a specific emphasis on accounting or finance might be better suited, clearly depending on the sector in which you wish to eventually work.
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  9. #9
    Senior Member expat's Avatar
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    Re: MBA's are they worth it ?

    pdq_bar,

    I am a chartered engineer and OU MBA grad. While it was hard work and didn't immediately open any new doors for me it did get me promoted faster than my peer group. My boss announced his resignation (the business unit wasn't doing too well) and the combination of what I was learning on my MBA course and the leaderships skills instilled into me in the TA drove me to work through the night and prepare a plan for the business going forward. I presented my plan first thing the next morning on 2 hrs sleep while the other thrusters wanting the job were still walking into the office talking about how they were going to get the promotion. They didn't, and I got another one in short order thereafter.

    Would I have been able to do this without learning what really matters in a business and how to communicate and present information in business speak? No.

    There were a couple of Army officers in my various tutor groups, and several years ago if you had done the Shrivenham MA (?) the OU would give you a years credit. The OU gives you a greater number of ways of getting onto the course depending on your existing educational qualifications (or lack of).

    If you are going to do an MBA as V_M suggests Finance is vital as is any module embracing operational /process improvement as it is those two areas that run a modern business and keep it competitive. Marketing is mostly fluff, and the HR stuff is mostly common sense, and strategy is pretty straightforward too. Having said that most job adverts I have seen recently where an MBA is a requirement are in Finance or Marketing. The Financial Strategy module is definately cerebral and allowed one of my classmates to tell when the traders and other wide-boys in the city were BS'ing him.

    I went into my MBA somewhat reluctantly thinking I knew a lot about business, it would all be easy and I soon learned I was wrong. Having now graduated (and the with the rose tinted glasses on) I don't regret having done it for one minute and would recommend the OU course to anybody. I would also employ a an OU MBA graduate in a heartbeat (not that I have an opening now though)

    Good luck.

  10. #10
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    Re: MBA's are they worth it ?

    folks
    thanks for all the replies,

    I to am chartered (IET) and have been thinking about doing this for sometime, but have not meet anyone who had taken this particular route to compare notes with.

    I have accepted a place on a MBA (industrial management) from sheffield hallam (full time for a year) and as such have about another 5 days before i can withdrawn with no penalty.

    If it breaks the cycle of just been seen as a techie then that will do otherwise I will have to put it down as a year of being able to lear at the young things in the student bar again.
    ex soutpiel

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