Some of you may have heard that I’m contemplating grad school. That’s right, I’m looking to take my degree to the next level and achieve my MBA in Finance. You might be thinking, “Why would you spend 2 years going for your MBA when you could be making money online?”
Why The MBA?
It’s true, if I focus my efforts toward my online income, I could probably earn 6-figures after just a couple of years. But, there’s also a chance that I would earn less – so much of my income is dependent on one single search engine that it’d actually be a little stupid to take the risk. The second reason for the MBA is this – with the high percentage of retirees leaving my place of employment, there will be many opportunities to move into an executive-level position. Having an MBA will definitely increase my odds of moving up through the company. Plus, did I mention that the company pays for this schooling? You can actually achieve an MBA from a plethora of excellent online universities as well, and they allow you to be in control of your schedule. Furthermore, you can even transfer credits between online and physical universities, making it easy for you to earn your MBA on your own terms. It’s less expensive than brick and mortar education and it might just change your life for the better.
Ahhh, the GMAT
So what comes before grad school? The beloved GMAT of course. I actually took this spiffy little test yesterday – here’s a little piece of advice for those of you that are thinking about going to grad school. Don’t wait until 2 weeks before the GMATs to start studying . It’s much too hard of a test.
For my MBA, I had two schools in mind. One of them is local and the other one is an hour away and much more prestigious (but it comes with a price tag of course). Based on my scores on the test (which weren’t terrible, but not quite top-notch), it looks like I’ll be sticking around locally. 😉
Benefits of Staying Local
Remember I mentioned that my company would pay for the school costs? Well, while that is true, once the costs go above $5,200 in a single year, our state requires that the student pays tax on the reimbursement. So, let’s say that I got an amazing GMAT score and was headed to a large institution that costs $60,000 total. I would only get reimbursed for $42,000 of that expense. That’s $18,000 out of my pocket!!
Now, this local school is starting to look much more appealing. The total cost of the schooling is about $22,000, which means that my contribution will be about $6,600. That, I can handle, and I’m certain that I’ll be seeing a return on that investment.
My classes will start in the fall, and I can’t wait to start learning! Any advice?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.