Has anyone here done the Executive MBA through Iowa State. My son works for John Deere and his superiors recommended that he do this. It seems to be pricy, obviously Deere's pays for some of it. I was just wondering if it was a good route compared to the normal MBA. He has a degree in mechanical engineering through the University of Iowa, but works in Des Moines.
Engineering Career + MBA (Advice Welcome)
- Thread starter throwittoblythe
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Too bad you aren’t a perky blond gymnast, you could NIL to pay for degree.
ISU recruited the hell out of me to be in the 2nd cohort of the EMBA. If someone is looking at a career in a company like Deere it could make sense. I ended up not doing it just based on ROI and time commitment. I’m already a very high earner with enough experience and at a level that I can essentially name my own role or move anywhere. Add to it I’m a single dad that intends to step away and focus more on farming operation in the next 5 years. With those two factors the time and 40k cost just wasn’t worth it.
Those that I’ve met that went through it have all said it’s been worthwhile. For me it boils down to stage in career, career path, and how much current company will cover.
Actuaries. Also lots of stock market stuff that's way over my head.
I have this. Not from Colorado. I view it as a masters degree in nothing.
I should have just gotten my MBA at the time. But at this point, I don't see the value in it for me.
This is what I’ve heard across the board. So many people have said “you have a BS and MS in engineering. The coursework is not going to be difficult for you.” Not saying it would be a cakewalk, but I don’t expect the math to be difficult, specifically.
I spoke to an admissions councilor, she asked what my undergrad degree was and what my gpa was. When I said “civil engineering, 3.5 gpa.” She wanted to sign me up for classes on the spot.
Ok, for some reason I was thinking it had something to do with engineers.
With that said, is she going back for her masters or certificate? I’m slightly interested.
She's not sure. Since she's an accountant she might just go for MBA but like I said the opportunities in the financial sector are pretty massive. She's already a senior accountant doing management duties so I'm not sure she needs an MBA but I'll support her with whatever her choice is.
Unless you get a masters or PhD in finance, the math will be easy. I had some calculus in undergrad to prove up the Black Scholes Model and miscellaneous other financial models, but that was it for math. In fact, I think they quit teaching the calculus behind this model......u just use it now.
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What is Financial Engineering: What You Need to Know
Financial Engineering uses math, statistics, computer science, and financial theory for market analysis. Learn more about the field and starting a career.www.cqf.com
Thanks, that’s what I thought. Maybe be a little much for me to get in to. But still intriguing.
Class is still required, but in senior level advanced finance we would not only use the Black Sholes model, but would have to show the calculus on how the model was created. It was lengthy...about 3 pages of Calc to end up with the formula.
Quant houses in the hedge fund world hire people like this. Historically, they hired smart people, but purely focused on fundamental analysis of stocks. Now they have both: fundamental analysis and principles, and quant groups.
Oh another semi-relevant observation from my time MBA experience that I had no idea about I until I went through it.
I did mine at IU in Indianapolis and Eli Lilly and Cummins are based there and had special reimbursement programs for IU specifically. Which seems great, but >50% of the other students in the class were from one of the two companies. Both are large manufacturing companies so a lot of the students were engineering or other technical background. I had friends do an MBA at Butler, and they said there was hardly any engineers or similar there.
I did mine at IU in Indianapolis and Eli Lilly and Cummins are based there and had special reimbursement programs for IU specifically. Which seems great, but >50% of the other students in the class were from one of the two companies. Both are large manufacturing companies so a lot of the students were engineering or other technical background. I had friends do an MBA at Butler, and they said there was hardly any engineers or similar there.
That’s an interesting observation. I wonder what a similar experience might be in Iowa? Mostly Deere and Principal employees?
I would think I’d see a decent amount of engineers given how many ISU puts out.