How is holding an MBA viewed for senior sales leaders? What are the benefits/drawbacks of pursuing this degree for sales professionals?

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Personally, I wouldn’t suggest spending the time and money on an MBA to be a sales leader. You could join a company and climb the ladder without it. Once you get to the top, if you still want to pursue it, many notable organizations will help you pay for it.

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A lot of short sighted and limited viewpoints. Any MBA outside of the top 25 is not worth pursuing. Also, luck doesn’t exist. Luck is when hard work meets opportunity. If you genuinely believe in luck, stop ready and you shouldn’t pursue any graduate degree.

I’m going to group my thoughts on why an MBA and when to not pursue an MBA.

Why an MBA

1. An MBA is not for everyone.
2. An MBA is not about academics. All academics in an MBA program can be found on YouTube.
3. An MBA is not a technical degree. An MBA shows an ability to solve ambiguous problems. Anyone can get a certificate. Anyone cannot get a top 25 MBA.
4. The highest value of an MBA is the network and to guarantee the ability to solve ambiguous problems. But point one is the clear cut leader.
5. I was on a $160K total comp plan when I graduated. I took a job at EY-Parthenon in a strategy role with a $150K base. I wanted to leave after 12 months and landed a $300K total comp plan. I achieved this because of my network.
6. Did you see above? It is about the network.
7. The second most valuable element of an MBA is the ability to change functions. If you’re in sales and want to stay in sales, then the network is the most valuable element. An MBA may not be a wise investment. Happy to discuss in a 1:1 situation.
8. The credibility of a top MBA opens conversations you would never be able to have without it. Between McCombs and EY-P, I can get an interview at any company I want.

When to not pursue an MBA
1. When you’re happy maxing your career out at $200K plus a 401K. A good sales person will get to a $200K+ OTE by 35 years old and can coast to a nice retirement.
2. When you do not want to work more than 40 hours per week.
3. When you haven’t done the research about when/why/how to pursue an MBA.
4. When you think any MBA outside of the top 30 is worth pursuing.
5. When you think life is about luck.
6. When you put “MBA” in your signature line.
7. When you don’t understand why having a grad degree is about action and not self promotion.
8. When you don’t want to get a 5% equity offer from classmates at a startup. Turned that down two weeks ago, btw.

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Your comparison is not even real 😐 there are a ton of reasons why you should not and instead of providing people with legit adivce, you're just making assumptions about people who don't have an MBA.

This is just my experience but one of my good friends decided to pursue an MBA. When he got his bach he left his shoe palace manager position to be accounts payable for a celebrity management company that paid him peanuts. He got his MBA and left for another company doing literally the same thing for several dollars more an hour. He's one of my best friends but he is not a leader. He is a great individual contributor. He's a hard worker but that's it. I partially went into business with him years ago and he knew nothing about finance, marketing, or sales. I don't even have an associates and I taught him everything. Now probably making triple what he makes. His MBA is going to be useless. Shoot, his bach is probably useless too. He gets paid to pay celebrities cell phone bills. In sales, it's experience, performance, and *you* that will make you $$$

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I have my MBA from Babson. I did it at night when I was in my late 20’s. I worked in sales during the day. Essentially my sales job was 8-5, classes were 6-9pm.

I loved the content, connections, and I do believe it helped me achieve my initial goals.

Ask yourself:
1- what are you looking to achieve?
2- will you like the content?
3- are you committed to the time and work?
4- are you prepared for the financial burden?

I HIGHLY RECOMMEND looking into your company’s benefits. If they help pay- take advantage.

likesmart

Excellent insight.

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I got an MBA and I don’t regret it, but I got it because the education level mattered to me as my parents have higher education degrees, and so I expected the same from myself. I find that I apply my learnings form school regularly in my career. I also was able to triple my income, but I probably could have done that without the MBA. I also think the MBA has opened doors for me, but I’m not able to quantify that.

One thing I wish I had focused on was choosing a better networking school/name brand. But I did my MBA part time and needed to stay close to my work.

Net net: if there isn’t some personal drive for you, it may not be worth it, but I don’t regret it.

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I have an MBA and have found that it is just another credential in my sig line. Comes in handy for interviews and some customers find impressive. If I could do it again I would have skipped as the juice was definitely not worth the squeeze squeeze

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Thanks for sharing. Do mind me asking which school you attended? Did it help with better understanding of the business and can you use that in your role?

I have an from McCombs and I’m on a $150/$150. I double my income within 18 months of graduation.

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I fully support this. Goals, planning and execution matter. An MBA doesn’t make someone smart.

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While having the knowledge from my MBA has definitely given me an edge in understanding complex situations and decision making, I can't say for sure that it has helped me in the eyes of senior sales leadership. Would probably be at the same level in sales without the MBA.

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Thanks for the feedback. I guess if it helps you close more/larger opportunities that's a win.

One thing I left out last night: No single piece of paper, degree or certification guarantees success. IQ and EQ are far more important. Any degree or cert opens doors. Thank long and hard about when and how to open the doors you want. Some doors are harder to open than others which is why I’m passionate about top MBAs.

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