MBA - To do or not to do

[mathan]

All,

I have posted earlier in other forums and finally i think i now know what question to ask !!! It is simply to or not to do the MBA.
Let me phrase my questions and ask you directly the following:

I am currrently at the lower-middle management of my IT company ie a Project Manager. I have 10 years of IT experience and 32 is my age.I earn about 12,00,000 + (Indian Rupees) p.a . I am already seeing a lot of saturation in the industry as well as in my company in terms of upward growth.So my questions are:

1. Would a GMAT+MBA take me to the next steps in my company faster and higher?

2. Doing a MBA abroad for 2 year, is it worth the time and money? I am aware that Europe & Aus is expensive in terms of living etc, so the real danger for me is, after spending so much would I actually be in a position to come back to this IT industry and see a real jump in my career and also in terms of money?

3) Can I do a MBA which, in case, things dont work out in IT, would keep me in the race in some other sector, say Finance. What do you recommend? I have a BS(Computer Science).

These questions are confusing and I am just not able to make up my mind. The question is actually simple, need to go higher faster but how and is it the right way?

Please advise.

[VP_MBA_Guru]

Hi Mathan,

I guess a lot of your decision depends on your career goals. Do you wish to stay in IT and/or with the same company? Or are you interested in switching into a new field (i.e. finance, consulting).

If you are interested in making a change, then I would argue that an MBA makes a lot of sense for you.

However, if you are interested in staying in IT (in your current function) or with the same company - its difficult to assess. Do you feel that employees in your company with an MBA have greater upward mobility?

Like any higher degree - the MBA is a worthwhile one. But a lot depends on how you use your education post-graduation.

Regards,

NP