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    Thursday
    Aug252011

    When In My Career Should I do An MBA?

    We were asked by a fresh University graduate whether or not they should do an MBA straight after their degree or not. This is our response...

    An MBA is a significant additional qualification for you to gain. If you are considering doing an MBA now - whether full time or part time, you may be asking yourself whether it is the right decision or not. It would be reasonable for you to be wondering whether you should do the MBA now or later and also what your chances are of getting a job after you graduate.

    In the UK it is normal for individuals to obtain their MBA some years after graduating. Typically individuals who self-fund their MBA do so in their late 20s - early 30s (it is later for those funded by their organisations).  Therefore, the "norm" is 7 - 12 years after you have finished your first degree.  What this means is that you have experienced one or two employers, possibly different types of work or indeed specialised in one discipline.

    From this base, a student takes their MBA and then transitions into the next phase of their career. The next employer sees the value add of the MBA on top of the early career experience - this is of more value potentially than a student completing their MBA straight after their first degree.  This has been the prevailing view in the UK and not necessarily the one most prevalent in other areas of the world.

    From what we have seen - there is a premium paid to MBA graduates in the UK if they follow the route outlined above. If you are a new graduate fresh out of University with an MBA, I am unsure if you gain much of a salary premium having a MBA (it might be treated the same as any other degree - Masters or PhD).

    Finally, it is not possible to guarantee a job when you finish. The UK job market is very competitive. 

    Thoughts from: Simon North, co-founder of Position Ignition - career change and job search consultancy

    Related articles on MBA careers:

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