My roommate recently got a master of business Administration. He is trying to get me to do the same.
Not a bad idea. At the very least the program covers such things as accounting, business law, finance and management strategy. Very useful subjects to know about.
Yeah but im not sure how an MBA would help me as a chemist get a better position in a company.
Well, the MBA degree began in the early 20th century when the US industrialized and companies were looking for a more scientific approach to management, so it would help you to know these things and manage your department more efficiently.
That is pretty interesting. I heard it is pretty expensive to get one though and takes a lot of hard work. I wonder if the payout is worth it?
It should be. Typically, MBAs require you to complete about 60 credits, so it has far more range that a regular degree. Many employers like more advanced degrees as it shows intelligence and understanding.
That's 2 whole years worth of work. I wonder what the percentage of people that get jobs with an MBA is. I would hate to spend all that time for nothing. I know employers tend to like that kind of thing though.
As it's a regular degree and a professional degree, similar to an LLB in that regard, it tends to be more highly regarded than a regular degree, so I would say it's definitely worth the effort, in my opinion anyway!