Almost all the higher-ups at the accounting firm I worked for had MBAs. My unit was insolvency, so maybe that's the cream of the crop or "dream" accounting job.
spacejamz
Lifer
- Mar 31, 2003
- 10,981
- 1,701
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most companies will only reimburse $5250 per year as that is the maximum amount they can provide before it has to be reported as income to the IRS.
my MBA program will cost about $25K...If I want work to pay for it all, it will take about 5 years. If I want to finish sooner, I will have to pay some of this out of my own pocket...
Originally posted by: Fenixgoon
seems like most people spend 3-5 years for engineering. either way, i'm tired of living like a student, nor do i want to become any more of a professional student than i already am. i want to *do* things
Not familiar with that. I know some engineering programs in general take a long time.
I've always thought that if I go past Masters to Phd I want to get it done with VERY fast. Mainly because the accounting program has very few Phd granting universities and I wouldn't drive an hour and a half a day or live in Richmond more than a few years.
Will improve your advancement potential in management or in teaching. Benefits for non-management advancement is highly dependent on what field you're in.
Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.
Just like any other degree, from high school diploma on up, people get them to advance their career and earnings potential, not to actually learn anything.
It depends a great deal on the major, the industry you're working in, and to some extent the university you get it from. Can you be successful and advance without one? Obviously you can. Are there situations where it will help you advance faster or to higher positions in management? Yes.
That being said, do not do a masters program for the sake of having a degree, you'll hate it. If you are genuinely interested in the subject matter and enjoy the classes and possible research, and you have the financial means of supporting it, then go for it.
That being said, do not do a masters program for the sake of having a degree, you'll hate it. If you are genuinely interested in the subject matter and enjoy the classes and possible research, and you have the financial means of supporting it, then go for it.
No. Most people probably do, but not all. Many (like me) still believe strongly that school is entirely about education, and that education is entirely about self-fulfillment and world betterment.
AreaCode707
Lifer
- Sep 21, 2001
- 18,447
- 133
- 106
"If you're in professional accounting there can be a substantial difference in starting salary and also in general experience and awareness of tax issues. With other fields, it really depends. Will the extra education add something in terms of marketability? That's the question." - Orsorum
It's a happy addition if you can make any kind of living off it, but it wouldn't change any part of my schooling. Jobs/money are totally meaningless to me.
No they aren't. Maybe it's not the most important factor but let us be honest with each other...
You wouldn't work in a McDonalds for life just so you could gain knowledge that you would never be able to use/explore/grow (travel, create, network) because of your poor financial standing.
Originally posted by: TruePaige
Originally posted by: Fenixgoon
seems like most people spend 3-5 years for engineering. either way, i'm tired of living like a student, nor do i want to become any more of a professional student than i already am. i want to *do* things
Not familiar with that. I know some engineering programs in general take a long time.
I've always thought that if I go past Masters to Phd I want to get it done with VERY fast. Mainly because the accounting program has very few Phd granting universities and I wouldn't drive an hour and a half a day or live in Richmond more than a few years.
Why would you want to do a PhD in accounting? Unless you want to "research" I can't see the point. Over here, CA/CPA is all thats required.
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