Should you do an MBA? What you can expect from leading MBA programs
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Күн бұрынShould you do an MBA? In this video, I share what you can expect from leading MBA programs. I currently teach in the Full-time and Part-time MBA program at University of St. Gallen. In addition, I completed an MBA myself from INSEAD (Class of 16J). Do you want to know what is an MBA, what the leading MBA programs are, what the reasons are to get an MBA or whether an MBA is worth it? In this video, I share my INSEAD MBA experience and talk to students from the current MBA class of University of St. Gallen (Hochschule St. Gallen). It will help you understand whether an MBA is worth it in 2022. MBA stands for Master of Business Administration, an MBA degree can help you increase your MBA salary and make great connections.
Chapters
00:00 My MBA reflections
01:08 Teaching experience in MBA programs
02:19 Is an MBA worth it and should you do an MBA?
04:31 Typical MBA student profiles
06:27 MBA at University of St. Gallen
06:57 Is the MBA network worth it?
08:08 How to use an MBA to transition careers
09:09 What you will learn in an MBA
Interested to do an MBA? Learn more about the University of St. Gallen MBA program:
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#mba #hsg #universitystgallen
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@FirmLearning 2 жыл бұрын
Interested to do an MBA? Learn more about the University of St. Gallen MBA program: link.firmlearning.com/stgallen
@Gorlenius 2 жыл бұрын
Excited to do an MBA - University of St. Gallen looks great!
@FirmLearning 2 жыл бұрын
Indeed! :)
@benjaminy. 2 жыл бұрын
Yes, I would be happy to attend one of the module that you teach. Do you think you will make a channel/online channel? I am interested to learn about your culture and your way of thinking.
@average1136 2 жыл бұрын
Having learnt nothing from my bachelors, I'm quite hesitant to undertake an MBA program.
@FirmLearning 2 жыл бұрын
Sorry to hear your Bachelor did not meet your expectations. It will very much depend on what you hope to get out of it whether an MBA makes sense for you. Suggest you introspect what your expectations would be and then talk to several recent alumni of the programs you are interested in to understand whether it is a match! Best, Heinrich
@Paybackficker 2 жыл бұрын
Heinrich you're the beast. Starting a youtube channel to help young professionals because you have more freetime and ending up as a lecturer at St. Gallen :D All the best!
@FirmLearning 2 жыл бұрын
Thanks for your kind words. Do not think this is too crazy - but appreciate it! All the best! Heinrich
@cdplaya 2 жыл бұрын
Awesome video Heinrich! I've been interested in learning more about HSG and am excited you made a video about the MBA program!
@FirmLearning 2 жыл бұрын
Glad to hear - all the best to you and your future MBA journey! Best, Heinrich
@lolzorkont 2 жыл бұрын
Impressive that you teach as well on this level. If I ever will do another study it will be an MBA feel like this might add something to my skillset. But not sure it will ever happen. Costs a lot and the company will have to pitch in + allow me the time.
@FirmLearning 2 жыл бұрын
Hi, thanks for your kind comment! Definitely lots of things to learn in an MBA, but of course also depends on where you currently stand in your development and learning journey. Best! Heinrich
@marcusmarie9871 2 жыл бұрын
Looking sharp Heinrich!
@FirmLearning 2 жыл бұрын
Thanks Marcus, appreciate you watching! Best, Heinrich
@ru7984 2 жыл бұрын
Hi heinrich, I just discovered your channel and it has become mu favourite channel as of right now. Can you maybe elaborate on the amount of saving you at least need for expenses beyond the tuition fee?
@kulcsa2000 2 жыл бұрын
Hi Heinrich! I know it is a bit off topic, but if you have some time in the future I would be really happy to hear about your experiences regarding LSE. It is probably the highest ranked European university in management/economics at the moment, therefore, I am sure your thoughts would give a lot of value to many of us :) Keep up the good work!
@FirmLearning 2 жыл бұрын
Great idea, thank you! Yes might create a video about that, added it to my ideas list :) Best, Heinrich
@monideepgoswami 2 жыл бұрын
Love your channel and videos. If you could help me out here, could you please give your honest opinion on spending on an MBA from St. Gallen? I did my Bachelors in Mechanical Engineering and working in manufacturing field, and would like to continue in the same/similar industries and Switzerland has plenty of them. Only thing I'm concerned is the difficulties in Swiss working permit, especially for an Indian. Your inputs will be highly appreciated!
@m20001 2 жыл бұрын
I am currently in the undergraduate programme at HSG and I can really recommend it to you guys! The Uni offers interesting lectures and you can meet like minded students.
@FirmLearning 2 жыл бұрын
Thanks for sharing Max! Indeed, great spirit at HSG!
@selvammascarenhas3020 2 жыл бұрын
Depends on the goal. Am in healthcare and don't have a business background. Some of MBA curriculum I learned being on the job. I find it useful given my goal to be more involved on the finance side of medicine. I don't need a finance or accounting degree
@FirmLearning 2 жыл бұрын
Fully agree, it very much depends on your goal indeed. Thanks for sharing Selvam! Best, H
@ali-om4uv 2 жыл бұрын
Whats your take on the part-time eMBA courses from the eell known germsn BWL faculties like Mannheim munich or Münster? Those are really focused on hard facts more than networking . Many MINT professionals tend to take those courses it seems?
@FirmLearning 2 жыл бұрын
Hi, trust that you can learn lots of valuable things from these programs. Though for networking and probably to some extent also employer value, the more traditional programs are likely better. Best, Heinrich
@petrOc555555 2 жыл бұрын
Hi Heinrich, Thanks for the video! Qq: can you shed some light on how did you land this role at St. Gallen? Both due to your young age and non-academia background? :)
@FirmLearning 2 жыл бұрын
Hi Petros, thanks glad to hear you liked it! Got in contact with the MBA team via my online courses on Communications and Slide Writing. Best! Heinrich
@petrOc555555 2 жыл бұрын
@@FirmLearning very interesting! Thank you and have a great day
@FetchMyWingsRS 2 жыл бұрын
Hi! I work at a company who continuously keeps on bringing in consultants to solve small issues. I always get set up with these consultants and together we are able to solve problems. However, this is mostly because I do not have the time to solve the problem myself, so I have to give them my ideas so that they have something to work with. This leads to the consulting agency taking my ideas and running with it and from there on they keep me away from the process. This had lead to me not being so open to new consultants about solutions to problems, as I get no recognition for solving the problem (The consulting agency takes all the credit and I do not get mentioned). What would you do in such a situation? Should I go back to working well with the consultants and giving them the answer, or is it better to hold back some information until later in the project?
@FirmLearning 2 жыл бұрын
Hi, thanks for your comment and sharing your situation. Definitely understand where you are coming from and that things like this can happen. From my experience, consultants love to also make the operational clients successful that they work with. We always tried to e.g. let clients own and present the results in the Steering Committees in front of the board / senior leadership. The reason is that this increases the credibility of the solution and usually the leadership likes this as well because it increases the ownership for the solution in the organization / likelihood that it actually gets implemented. Maybe try to push for you being included in the relevant meetings as well to make sure you can also use this as a forum to advance your own career? In general, instead of obstructing the work of the consultants, I would suggest to rather think about how you can benefit from the usually very direct connection the consultants have to the senior leadership of your organization. Best, Heinrich
@FetchMyWingsRS 2 жыл бұрын
@@FirmLearning Hi Heinrich! I want to thank you for these comments. During the past few weeks I have had this in the back of my head and asked the consultants that I would like to play a part in presenting the results. This lead to what you described, I got rewarded for coming up with the solution, and the consulting team helped me build the presentation and to form my message. I think the previous consultant company that I had worked with did not see how I could add value to the process, but this new company saw that I had a solution to the case on day one, and they worked around my hypotheses, confirming or removing them as we worked in our process. Thank you for your comment, it really helped me change my mindset and your videos in general have helped me structure my thinking, and to be a little more clever with how to advance my own position within the company. Using these methods actually led me into a interview for a company that works with my current company, and I got an offer based on this way of thinking.
@FirmLearning 2 жыл бұрын
@@FetchMyWingsRS Super happy to hear that, thanks for coming back with this feedback. Lots of success to you in your new role! Best, Heinrich
@witchedwiz 2 жыл бұрын
dear Frederica... i don't know which univerisity you attended, but I attended CS bachelor and master degree in Bari (italy) and approximately 80% of our examination had a group project, a written exam and an interview-like exam.. so... no, a lot of universities in Italy already approach the "group tasks" approach :)
@FirmLearning 2 жыл бұрын
Hi Vitonofrio, thanks for sharing your experiences, much appreciated! Best, Heinrich
@edsprinfiled4246 2 жыл бұрын
Hi Heinreich thank you for this great video, that was really insightful. I would like to raise the following question as you touched upon this topic in this video. What do you feel like is the reason why you need the MBA for a successful transition from Big 4 to MBB (this is one example you have given). Could you explain your rationale behind it? Looking forward to your answer, keep up that good work and merry christmas to you and your beloved ones.
@FirmLearning 2 жыл бұрын
Hi! Of course difficult to make absolute black / white statements, though I do think it is difficult for most Big 4 people to transition to MBB. It is just from my observations of people that successfully did this switch that most of them did the transition after an MBA at a well-ranked university. Best, Heinrich
@Rastignac2121 2 жыл бұрын
@@FirmLearning Hi Heineich and Ed, just to be clear, by Big 4 you mean the classic management consulting practice of Big 4 or do you also include their strategy arms such as Strategy&, Monitor and Parthenon ? Thanks a lot for this insight!
@Skiperzik 2 жыл бұрын
Hope you come to one of our MA in Banking and Finance class!
@FirmLearning 2 жыл бұрын
Sounds exciting :) Thanks for watching! Best, Heinrich
@drew2pac 2 жыл бұрын
I’ve just completed my MBA. It was my first time at uni too - so quite a big deal. I came top in the class at a well rated uni. Honestly, I’m not sure what exactly I learnt. I really don’t think it prepared me well for the real world. I owned a business prior, and just found the thinking far too ‘linear’. For me, it was a way to jump in at masters - get a qualification in 1 year (uk). I’m glad I did it, and it opens doors (a bit). It’s good for someone working in a specific role (like finance) to get a broader overview of business. However, if you’ve worked across functions - it’s not much use.
@FirmLearning 2 жыл бұрын
Hi, thanks for sharing your perspective, much appreciated! Agree that the MBA is not the right degree for everyone. Best! Heinrich
@devonpeters9458 2 жыл бұрын
Hi! Long story short, the University I want to go to and have a scholarship to (Notre Dame) MBA program isn’t a great fit for my current age and stage in my career. I’m about to start their MSBA program and would like to potentially move in to a job in consulting (maybe change/strategic management). I know it’s not exactly the same, but do you think that translates? FWIW, I’m currently in a client-facing analytics role at a professional services firm.
@FirmLearning 2 жыл бұрын
Hi Devon, making the transition to consulting will likely depend on what experiences you bring from your prior role and how well this translates for the consulting firm. Trust it is definitely possible. Lots of success to you! H
@devonpeters9458 2 жыл бұрын
@@FirmLearning thank you for the tips and well wishes! I hope the same for you! I know it sounds crazy, but I have funding that will pay for most of it, so am actually considering doing an EMBA as well (if I’m not exhausted post program, haha)
@parthmody9378 2 жыл бұрын
Hi Heinreich, can you please state the appropriate age to do an MBA for an Indian who is a Chartered Accountant and pursuing CFA?
@FirmLearning 2 жыл бұрын
Hi Parth, usually people do an MBA with 4-5 years of work experience. Most programs require a minimum of ~2 years of experience. With 7-8+ years of experience, you will usually rather qualify for Executive MBA programs (EMBA) compared to the regular MBA programs. Regarding age, most programs publish the average age of their cohorts on their websites (usually called "class statistics" or something similar). Just check the programs of your choice! Best, Heinrich
@johannestropf6127 2 жыл бұрын
@@FirmLearning following up on this one: While most people will pursue an MBA with 4-5 years of work experience, how does the "higher end" look like from your experience? How old are the 20% oldest students (roughly)? Is it still accepted from the company side to do an MBA with let's say 40 to transition to another (completely unrelated) industry?
@Cuppens1995 2 жыл бұрын
@@johannestropf6127 I'd say that 40 is pretty/very old to be doing an MBA. Programs will also wonder why you're still applying to a regular one instead of an eMBA. If you don't have the leadership requirements for an eMBA, normal MBA programs will ask questions about your profile and whether or not someone who's 40 without leadership experience is really a good fit.
@sitrakaforler8696 2 жыл бұрын
Hooo the famous MBA of the Germanophones ! Also as a french I still think if i do a mba it will be better to do it in HEC 😅
@AMP_PLUS 2 жыл бұрын
insead is better than hec
@moritzvonlicht2322 2 жыл бұрын
@@AMP_PLUS much better.
@FirmLearning 2 жыл бұрын
Hi Sitraka, thanks for your comment! I do think there is some value in doing an MBA outside of your home country to expose yourself to some new input :) Best, Heinrich
@moritzvonlicht2322 2 жыл бұрын
@@FirmLearning true
@jameszhu7 2 жыл бұрын
Hi Heinrich. What are your opinions on online-MBAs and part-time MBAs? In terms of efficiency, reputation, and value?
@FirmLearning 2 жыл бұрын
Hi James, trust you can learn a lot from them. But especially for online MBAs, reputation will likely not be as great compared to in person. Best! Heinrich
@yahyagolds249 2 жыл бұрын
Someday i wish
@FirmLearning 2 жыл бұрын
Fingers crossed :) Thanks for watching! Best, Heinrich
@olawaleogundipe23 2 жыл бұрын
Awesome 👌 👏 👍
@FirmLearning 2 жыл бұрын
Thank you for watching!
@krishnasamandhayala2584 2 жыл бұрын
Will a decent consultant in a tier 2 firm after 10 years of working make 600k dollars per annum in USA?
@FirmLearning 2 жыл бұрын
Hi Krishna, will likely depend whether you are able to make partner. But yes, this should be possible. Best! Heinrich
@1b14now6 2 жыл бұрын
Do you think Master of Business Analytics worth?
@FirmLearning 2 жыл бұрын
Hi, not aware of this specific program. In general, prioritize reputation of university instead of specific degree flavors. Best, H
@1b14now6 2 жыл бұрын
@@FirmLearning Thank you for prompt reply. And Good day
@eduardoanswer4295 2 жыл бұрын
Could you tell us why you left Mckinsey?
@FirmLearning 2 жыл бұрын
Hi Eduardo, was a mix of professional and private reasons. Always intended to leave at some point to get exposure to a more general manager type of role (talked about the limitations of working in consulting regarding the learnings in other videos). At that specific time, there was also an urgency element to leave consulting to join our family business at that time, as the business needed the support - which is why I left at that specific moment. Best! Heinrich
@eduardoanswer4295 2 жыл бұрын
@@FirmLearning thank you for your response. What I have in my mind is that they fire employees frequently and this is one of the reasons I am afraid to join McKinsey one day.
@FirmLearning 2 жыл бұрын
@@eduardoanswer4295 especially in the first years this is not a big topic. becomes more relevant after project lead. though the whole process is very fair and transparent, would not worry too much about it when joining.
@tose9611 2 жыл бұрын
TU Munich is great for doing an MBA
@FirmLearning 2 жыл бұрын
Especially for regular Bachelors and Masters, TUM is definitely great yes! Best, H
@ivanivanov9949 2 жыл бұрын
All this "glamour traditional structure" will not work in post COVID economy. Everything will be simpler and cheaper. But, you Henrich ,most likely will find your way.
@robdog114 2 жыл бұрын
The glamour of traditional corporate route is gone when you got artists, youtubers, and creators of all types making a better living by monetizing their passions
@FirmLearning 2 жыл бұрын
Thanks for sharing Ivan! What do you think will be the education of the future? Best, H
@bikerslow2598 2 жыл бұрын
If you aren't in top 10 worldwide forget it.
@FirmLearning 2 жыл бұрын
Reputation for sure important for MBA programs. Though would argue that St. Gallen is probably the leading b-school in DACH.
@robdog114 2 жыл бұрын
It's worth it if you want to stay in the corporate trap. Otherwise you're better off monetizing a skill or passion
@FirmLearning 2 жыл бұрын
Hi Rob, definitely lots of different paths you can pursue. All the best for you! Heinrich
@robdog114 2 жыл бұрын
@@FirmLearning That being said, I am a consultant too and watch your videos to improve, but I feel like I don't know what I'm doing with my life. Common feeling among consultants I hear. We learn all these great skills, but the challenge is applying them to our own ventures
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