Advance Australia Fair Audio
Not long ago, I was talking to a very nice lady who had been an administrator in a Corporation at one of the local branches. She was upset because new people had come into the company, and they had advanced quickly up through the ranks into upper management, while he was still running the front office. She explained to me that he basically ran the whole company and that other people were making more money than her and actually trying to tell her what to do.
Whenever these other individuals who had advanced past her position got into trouble they always came to her to ask for advice. She thought that was rather hilarious, and she knew she was very much needed in the Corporation, but because she did not have an MBA she was never looked at for upper management, and even though the Corporation generally hired from within, and moved people up through the ranks, she was stuck in a position which paid less, even though she was practically running the whole branch.
She decided to take some ongoing education classes at the local community college and she got her associate degree in business, and was ready to go perhaps get an MBA. Unfortunately, she noticed how much it would cost, and since he is 45 years old, she wondered if you have the student loans paid off by the time she retired in 15 years. The cost of the MBA program when it was all said and done, would be over $40,000. She didn't think that was fair, and she asked if I thought it was worth it.
I told her that some online MBA courses gave credit for experience, but they might make her take a test before they would give them the credit for previous experience. And I told her that some of those online courses could be applied towards for-profit college MBA degrees, or as prerequisite courses to get into the MBA program at the local university. In fact, that might save some additional money, and I let her know that she did the right thing by going to the community college first to get all the lower division classes completed.
She indicated to me that it was quite boring to get all those classes completed, and she explained how many night school classes she went to over the last four years. She wasn't sure she could take another four years or more of going to night school to get her MBA. And she wanted to know if I thought it would be worth it.
That depends, but she would have a higher pay, and a better pension when she was completed for retirement, and that too needs to be taken into consideration. I hope you will please consider this discussion, when you are deciding if you are going to get an MBA so you can advance your company.
Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes writing 21,500 articles was a lot of work - because all the letters on his keyboard are now worn off.
Advance Australia Fair
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