What to Consider Before Deciding to Go to Business School

Consideration #1: Do I Need To Go To Business School?


Yes, a Master of Business Administration is a nifty thing to have, but it will also cost you in terms of time and money. Before you decide to go to business school, make sure that you need and/or want to go. Whether you're just starting a career or are in the process of developing one, think about where you would like to be in life. Then ask yourself: will an MBA help me get there? How can you determine this? Probably the number one answer is find some role models. Look at the people you admire, find people who are doing what you would one day like to be doing. Did they get an MBA? If you can, contact them, and find out if they think an MBA is a wise next step for you at this point in your life. You might find out that you don't need to go to do what you want to do, for example, or that you should go, but that you should put in a few years of work at your current job before you go on to apply.



Consideration #2: What Area of Business Management Do I Want To Master?

Once you've made up your mind that B School is indeed the path for you, you should also ask yourself what area you would like to specialize in. In addition to the general business Master of Business Administration degree, there are countless specializations you might consider. Are you an accounting and finance person? There's an MBA made just for you. Other specializations include information technology management, media and entertainment, risk management, global commerce, e-commerce, and human resources. To determine which specialization is right for you, again, look to your role models. Also, ask yourself what you're interested in, what you could see yourself being involved with (possibly) for the rest of your career. Another aid in the decision making process when it comes to which MBA specialization you choose is your current job situation. If you are in human resources right now and love it, for example, then perhaps the way to make the next step up the corporate ladder is to get an MBA with a human resources concentration.



Consideration #3: Can I Get Someone Else To Pay For My Business School?

If you are the putative human resources professional in the paragraph above, or in a similar situation, perhaps in the information systems or accounting department, your Master of Business Administration degree might be extremely affordable -- even free. Many employers encourage their staff to pursue educational and personal development opportunities because as you improve, so will your performance at the company, and by extension, the company's performance. Check your human resources manual or your benefits package information. You might be eligible for tuition remission, whereby you pay for a class upfront and your employer reimburses you for it after you successfully complete it. Some employers will even pay for the classes as you go.

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