[OneStepAhead]

Originally Posted by kiddoso

So much for the distraction...

OneStepAhead, did you receive your undergrad degree in a non-business major? My undergrad degree was in engineering, and I went ahead and got an MBA. I think it was worth it. As pointed out by other posters, what you get out of the program is related to how much you want to put in. Yes, it is costly, but if you want to get a well-rounded education in finance/marketing/accounting/investment/entrepreneurship..., go for it!

I'm actually finishing up my Undergrad in International Economics so I think an MBA would compliment the subject area perfectly plus Berkeley has one of the top entrepreneur programs in the US!! Can't wait to go, thanks for all your input.

[ADVERTISE HERE!]

Originally Posted by Xanifur

jasaunders:

Have you read the book "The Millionaire Mind" by Thomas J. Stanley?
I would recommend it.

Xanifur -

Interesting read, but irrelevant. Terribly irrelevant.

The Millionaire Mind is an inspiring book for those who are unable to enjoy many of the opportunities that others are more fortunate to enjoy. More or less, the author argues that a shining academic record from a prestigious university is not necessary for financial success, citing numerous examples in support thereof.

However, the issue here is whether an MBA, or any upper-level education for that matter, is worth the costs, both accounting and opportunity - not whether financial success is possible without such an education.

Your reasoning for recommending the book is flawed because you seem to have gotten off track from the issue at hand, and you do not understand the difference between an element and a factor.

An element is something that is necessary for a certain result to occur. Without an element, a result cannot occur.

A factor is something that makes the probability of an occurrence more or less likely.

By recommending the book, you seem to perceive that jasaunders is arguing that an upper-level education is an element of financial success. He is not. Rather, he is arguing that it is a factor for success, increasing the probability of success.

Because you have misinterpreted his point of view, which seems to be the result of your hard-headed aversion to college, you are irrelevantly recommending the book.

The answer to the issue is very simple. An upper-level education is not necessary for financial success. However, it increases the likelihood that any given individual will realize success.

To put it in slightly simpler terms for you, xanifur, if you opt to not go to college, you might still become a millionaire, but you are much much MUCH more likely to end up in a horrible financial situation for the remainder of your life. If you DO go to college, you'll almost ALWAYS be in a better financial situation than if you hadn't gone, and you have an even greater chance of becoming a millionaire.

Long story short, though not necessary, an education of any kind is better than not in terms of increasing earning potential.

Xanifur, I have PLENTY of books you might want to read, and they aren't merely books full of data mined info that serve no purpose but to inspire people to continue to slack off in school because there's a chance, though minuscule, that they can still become millionaires.

[jasaunders]

Thanks Jonathan.
BTW, although the Millionaire Mind talks about the millionaires not doing well on SAT's, or getting good grades, it does state that 90% of the millionaires studied were college grads.

[Woodcs82]

Im not perfect, but im sure you understand what i meant. I am not DOGGING college. I simply meant , its NOT MEANT for everyone and is for most.

Calm down guys..

I guess thats why im doing so bad now! lol

No, seriously, if i could sit down through college and get an MBA i would because you further your education.

That is why i said its NOT for some people.

Some people that don't goto college are very successful!

Hence the word ---> Entrepreneur!!!

Now don't get your panties in a bundle after this post.

Originally Posted by kiddoso

Here is the deal Woodcs82, you made a blanket statement that:

"College is good, but not nec. these days!"

Then you said:

"College is for some people and isnt for others."

You see what the problem is? You used what worked for you and tried to apply to everyone else. The two comments even contradicted with each other.

Since we are talking about getting a college degree in general, here is the reality. As long as a youngster does not know exact what he wants to do with his life, the best thing to do is to get a degree. You know why? If after he finishes his degree he decides to be an entrepreneur, he isn't losing out too much. On the other hand, if he skips college, tries to be an entrepreneur, and realizes it's not for him after five/six years, it would be much more difficult for him to go back.

For me personally, the benefits of a college degree should not be discounted. Even though my job does not require me to use what I learnt in college directly, I want to argue that the college experience has given me exposure to all basic areas.

So, be careful when you give "advices".

[DPayne]

If you have the opportunity to go ahead and get your MBA, why would you pass it up? I do not like to be ignorant on purpose.

I own my own company right now AND I am going to school and majoring in accounting. I'll more than likely go on to get my MBA. Will I likely NEED it when I get out to get a job? Probably not. That isn't why I am getting the MBA though. I have the opportunity to get it so why should I pass it up. I am going to be going through the program with a personal passion and interest in what I am studying, rather than just sitting through classes.

To me, passing up a chance to learn is like choosing to be ignorant. I understand you can learn some of the stuff outside of college, but why make it more difficult than it has to be? If you can't go to college due to other preexisting circumstances, then the outlook is different. If you are in a position where you have to perform right now, then do what you must do to meet your current needs but still plan for the future.

I haven't been through my MBA program yet (I'm a junior in undergrad) but I think passing up a learning experience is not a very wise choice. I believe it is worth the cost to learn.