Hustlers Ambition$;429241 said:
Well I have a question....
I'm currently in school for a business finance degree. Finance has always interested me and with it I plan on being a entrepreneur and opening my own business. I never really had an interest to work for a company for any extended period of time. I always wanted my own.
The thing is I would like to go back and get more credentials. (most likely part-time)
So my question is...what looks better for what I want to do, a masters degree or a MBA? I'm going to have own funds to start what I want as well(which is why I work so much....) but just hypothetically..... When you are marketing yourself to venture capitalists, investors,banks etc. What would look better?
I have asked this question to a number of people already, and have received a mixture of different answers....just thought I would ask a few people here....generate some opinions....
it really depends on what youre trying to do with it, because a masters is more narrow, while an mba is broader. for example if you get a MAC (masters of acctg), you are basically getting a bachelors degree of acctg x 100, with a few electives, but mostly acctg courses. so an accountant, tax attorney, consultant, etc may benefit from getting a MAC.
mba programs usually have 2 different formats: 1. you earn a general mba, which is just take w/e classes you want after the required core electives. or 2. an mba that makes you choose a concentraion - in this format, you take your required core electives, then you take x amt of required classes related to your concentration, then you take w/e other type classes you want
a person whose career has a broader scope would do better earning an mba. this would be more for an entrepreneur, business owner, higher level exec, etc. since you are looking at improving your resume and or business plan for potential investors, i would say that an mba would be the route you want to go with. bc you are selling youself as a person who can make this business plan happen. if you can make them feel comfortable that you have knowledge of business as a whole in each arena (finance, acctg, econ, mktg, and bus admin/mgmt), then they may be more willing to invest in your proposal. obviously this is only one aspect of selling yourself though. you def need to have experience in the market that you are trying to start a venture in. but most mba programs dont accept you without relevant work experience anyways. also, id make sure your credit and background are clean as well, theyve been known to check on those things in addition to exp and education.
i had the same intentions as you, i got an mba and it has proved to be a wise investment.