Hi. I was wondering if any of you have experience with dual masters programs, specifically in the business field. It’s coming time for me to start preparing to make my applications for these programs, and i’ve narrowed it down to three main options: finance (hardest to get into), marketing (medium/easy to get into), international business (easy to get into). I am a finance major for bachelors. I would like to do finance master if I can, since at my school it’s basically the only way to have a chance at IB, however I do like and enjoy both other options. They would both open up chances to get into less competitive areas of business/finance as well. I am able to apply to all 3 and likely will do so. I can also graduate in a standard 4 year timeframe with any of them.
My questions is related to a possible future MBA or JD. Would getting a masters now interfere with the applications for these programs. I don’t know if an MBA program would take me if I already have a masters in another business field. I know MBA is key for networking after you get a few years of work experience, so I don’t want to close that door. JD is another thing I am considering, although i’m pretty sure they would have no problem with me having the masters.
Not a fan of immediate masters but I know a recent UF Masters in a business discipline who’s now at Goldman - not in an IB role.
The issue is pivot and payoff.
If you don’t like what you’re doing, you can change later.
You also will make more with experience. Look at UF MBA vs undergrad. MBA will command a much higher salary. Getting a masters straight thriugh I’m guessing not much. Undergrad says $72k average and MBA $128k.
Ask the mba admission people if people can go from a Masters in Finance to MBA. Seems repetitive to me. But I’m guessing you couldn’t get into a top MBA now including UF, (average four years experience) without two years work experience. But ask as you are there. Talk to an MBA admissions person.
You could do law but you could also do a joint MBA/JD in faster time.
Thanks! I will ask. The main reason I am looking to rush it is because it’s a lot cheaper this way since many grad credits can substitute for undergrad classes, but I won’t do it at the expense of being able to do an MBA later
I agree an MBA and masters in finance may be duplicative. And if you do get into IB, you won’t need an MBA anyway (unless making a career change where an MBA would be beneficial…which is at this point is not many careers).
I would ask your school how many students with masters in finance do get into IB…and note you may be competing with MBA students from top schools. If you don’t get into IB with your masters in finance, I am not sure the loss of a year’s income and experience is worth it, even if the program didn’t cost you many $. Something to think about.
I don’t know if employers paying for MBA programs is as prevalent as it used to be, but a relative of mine just got most of her ( top 10) MBA paid for by hers. Something else to think about what makes sense from a long term standpoint, maybe.
I think it’s less common. Prices are higher and many employers will pay up to x amount but not all.
Of course there will be high level employers that may like your relative experienced and some not at all.
I disagree with those who say the degree lacks value.
But there are many people making after 4 years close to what they might with an MBA so I can see where for some it makes less sense.
I’d personally wait because many want to pivot and that’s where it helps.
Or if you’re an engineer like my son, it adds another dimension. Many he works with have them but part time and much employee funded althiugh with some employer participation.
There are also certificate and other targeted programs many do today instead.