working as software engineer for 2.6 years, unhappy with the job... Next what to do MBA or own Business....?
I am from a upper middle class family, if MBA which course is better or if own business which one...? totally confused.....?
- 1 decade agoFavourite answer
As you are a software engineer, you may not be aware of the business world. Before starting a business you must have enough knowledge of the one you are going to start. So gather knowledge about the business through friends, books, consultants etc. and others in the same line. Taking an employment for a short period in the field you select will help you a lot in identifying the problems and solving it,
Taking an MBA is a good idea, which is very much helpful for you in dealing different ties and problems come in your way, once you start business. It gives you a better view of the business happenings around you. If you are starting a business in the service sector, MBA (HRM) is good. If your likings is towards Trading or Manufacturing sector, MBA (general) or MBA (Finance) is good. If you are going to deal with Marketing, MBA (Marketing) is the option.Source(s): Banker and MBA student
- msoexpertLv 61 decade ago
Let me answer your question as the author of the job search book "Think Like an Interviewer: Your Job Hunting Guide to Success," someone who's worked in IT and business, and a college instructor who's taught IT and business classes.
First of all, only you can decide whether to go for an MBA or start your own business. We can offer you some guidance and help point out the pros and cons of going one way vs another. But the final decision is yours to make!
It really depends upon what your ultimate goal is. If you would like to make yourself more marketable to employers, in IT or outside of IT, then I would say the MBA would be the better route to go. The simple fact is that more and more employers are asking for masters degrees! Why? Because it's an employer's market and there are lots of educated and experienced people out there. So the minimum standard is being upped.
Now one thing you could do is this. Combine the two by going for the MBA and running a business part-time on the side. The big advantage here is that you'll be improving your skillset, which makes you more marketable to employers. At the same time, gives you the potential for extra money through your business should it become successful.
And many schools have part-time programs designed specifically for the working student. So you could possibly keep your current job, go to school, and run a business on the side in your free time. Or if you decide, you can quit your job, go to school part-time, and run a business on the side with greater free time to devote to it.
But here's something else you should really consider. When you work for somebody else, you get benefits through them. For example, healthcare and retirement. But when you work for yourself, you don't! This means you have to fund those things yourself. And that can be very expensive to do!
In addition, when you work for somebody else, you may have a more steady income. As a self-employed individual, you are subject to wide fluctuations in income. One moment, you may have solid business. But the next, it can drop significantly. So you'll have to live with the possibility of an unstable income, yet regular bills to pay!
And one more important thing many self-employed individuals discover when it's too late. You won't collect unemployment! When you don't work for somebody else, you're not contributing to unemployment. Therefore, you don't get to partake in it when your business falls off.
And lastly, here's something I mention in my book. Self-employed people can find it harder to gain employment. Why? Simple, employers will tend to assume you're only coming to them because your business is in trouble or your failed at it. Both of these make you look bad in their eyes! And raises questions as to how long you'll stay and whether you'll be able to take direction from somebody else. You're used to being the boss and now will be a subordinate.Source(s): http://thinklikeaninterviewer.tripod.com/
- Anonymous1 decade ago
Many people get the MBa to help them start their own business. The Official MBA Guide provides a lot of information about the MBA degree and MBA schools and programs. It's a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, executive, and accelerated), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. Schools report their accreditation status, tuition cost, number of students, class sizes, program length, and a lot of other data. Schools provide data on entrance requirements, program costs, program characteristics, joint degrees, and much more. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. It's the best service available at http://officialmbaguide.org./