I often get questions from readers like the following one, which ask me about whether to choose an MBA vs. another degree like a Master of Finance, or even between an certification like a CPA or a CFA:
- Example 1: I recently came across your blog when I was trying to learn how to use Vlookup and Pivot table, and wanted to thank you for making it so simple to understand. I also began reading some of your other posts and see that you have a lot of knowledge about business education and the corporate world. I’m currently a senior in economics at University of California, San Diego (UCSD) and I will be graduating this June. I want to become a financial analyst, but I haven’t been able to find a job. So I’m considering applying for a Masters in Finance at University of San Francisco. What is your opinion about such a program? To me the upside of the program is that it’s only a year long and it takes recent graduates with no significant work experience. However, University of San Francisco is not a very prestigious school and I’m not sure how much a Masters in Finance will improve my chances of finding a job. The program is very expensive ($40,000) and I don’t want to spend that kind of money if employers wont consider it to be important. Thank you once again for your blog and I look forward to hearing back from you.
Example 2: I’m a MBA finance option student in Alabama, US. First I would like to thank you for all materials that you post on your web-site. They are very helpful. Sometimes if I don’t understand anything from my textbooks i go to experiglot.com. They are easy to understand.
I have noticed that in US if you want to be employed every employer requires you a certification like CPA, CFO even if you want to train somebody in the gym you really need to be certified. I would like to know what kind of certification exist for financiers?! I don’t have any working experience in finance field. But I have a 5 years IT manager experience. And I don’t think that it will be useful to be financially certified. I would really appreciate your help !!
Although the reason readers are asking about the value of an MBA or similar degree or certification differ, the examples above are pretty representative of the reasons that people decide to enroll in these programs.