Why a business qualification?
Because I like it. Shielded from business all my life, I started taking an active interest in it upon my graduation. I found it to be far more dynamic and exciting than the traditional sciences I have spent all my life studying. Unlike science, things are rarely black and white in business, and there are fewer constraints and more room for creative thought. The same methods applied twice to the same subjects in science will undoubtedly yield the same results. No such consistency exists in the world of business. Dynamism also stems from the human element in business: that each decision big or small affects humans (customers, subordinates, bosses, colleagues, owners, suppliers, partners etc.) and their reactions to your decision determines the outcomes of your decisions. No such excitement and dynamism can come from the determinisms of science.
The other reason is more career oriented. As a software developer, one hits the growth (and pay) ceiling rather quickly. I have met programmers who are much much older than I am, more skillful and more experienced than I am, who (by my estimate) barely out earns me. It seems that software development is a career that you rise rapidly the first few years out of Uni and then stagnate with little or no growth for the next 30 years of your working life.
Of course that isn’t true for the top 0.001% of programmers – the kinds hired by Google and Microsoft to design and build the next revolutionary piece of software. To the master hacker, the sky is the limit. Those are the kind of people picked up by the most profitable companies, consistently out-perform even themselves and is justly rewarded for their out sized contributions to society.
However, any less than the top 0.001% – even if you are the top 0.1% – and chances are that you’ll struggle to reach for the top. It is far more likely that you’ll spend your time hacking up innovation-less software while top executives look you by.
Now I know fully well that I am not among the top 0.001% destined for greatness. Considering my university grades, it’ll probably be an insult for many for me to call myself a bad programmer. But even if I am among the better developers out there, even if I am among the top 30%, that’s still a good distance from 0.001% – not nearly good enough to make an impact.
Of course business skills can be learned in the workforce (and in fact, many will argue that learning on the job is far more effective than a university degree), but my current job at the University does not provide that opportunity to do so. And the financial crisis has made it particularly hard to switch jobs.
With this in mind, it makes perfect sense for me to pursue a business qualification. It is hoped that it will provide opportunities that I would not otherwise have in the future.
Why Business Administration and not Commerce, Finance, Accounting etc?
Business administration seems to compliment my existing competencies the best. The IT industry is characterized by great managers who are let down by their complete ignorance on IT and very competent programmers who doesn’t have a clue about business. The marriage of the two disciplines is a niche that I think will exist into the foreseeable future, and it is a niche that I wish to exploit.
Besides, a specialist degree in commerce/finance etc. are probably too technical in nature. Upon graduation, I’ll likely be left with the choice of becoming a specialist in a whole new unrelated field (e.g. become an accountant), or continue in software development (writing accounting software).
Why Chancellor University and the Jack Welch Management Institute?
Because it is Jack Welch. Not taking an MBA from Jack Welch is like not taking a Masters of Finance from Warren Buffet – you must be crazy!
I have read Jack’s book ‘Winning’ before and I consider it the best book I have read (ahead of ‘The Intelligent Investor’ (Benjamin Graham), ‘Free to Choose’ (Milton Friedman) etc. etc.). While my experiences are shaped by many events, the singular book that has had the biggest impact in my life to date is ‘Winning’. It is the one book that has ignited an interest in management and it is the one book that has provided me with motivation, guidance and answers to the many questions that might confront someone new to the workforce.
What’s more, the Jack Welch MBA is incredibly good value. At about 20k for the whole course, it is about half the price of Melbourne Business School (MBS) and less than a quarter of insanely expensive schools like INSEAD. That is keeping in mind that Jack probably commands seriously good money for talks and television appearances and that I have read a blog by an Ivy League MBA student who said Jack’s visit was one of the highlights of his course. Having such access to Jack at the 20k price tag is seriously good value for money.
Also, the course is convenient since doing it online means that I do not have to travel 3 hours back and forth to MBS. Those 3 hours will be more productive if I spend it studying instead of commuting. Adding to that, there is no GMAT – an exam that I’m not particularly keen to take (and pay for), considering I fail to see how it adds value.
I am of course aware of the draw backs of a brand new online course. In fact, many of my friends and family have been kind enough to point out most of them: lack of opportunities to network, lack of face to face interaction, distance/time zone differences etc. Some have also pointed out that a traditional MBA might be more balanced than one based solely on Jack’s philosophy.
While these are real concerns and my choice carries significant risks, I believe the risks are well worth taking. Not only is the cost relatively low (should I decide to drop out after one or two terms), but Jack’s legendary reputation of setting unlikely targets for himself and then rising to beat those targets is a source of comfort. Let’s hope that he’ll do what he has always done and exceed all expectations of what is possible with an online MBA.