hi I’m Evan Carmichael welcome to another edition of ask Evan in today’s
another edition of ask Evan in today’s
another edition of ask Evan in today’s video I’m going to answer a question
video I’m going to answer a question
video I’m going to answer a question from one of my YouTube viewers al who
from one of my YouTube viewers al who
from one of my YouTube viewers al who was asking about an mba program and if
was asking about an mba program and if
was asking about an mba program and if it’s worth it or not so wrote in saying
it’s worth it or not so wrote in saying
it’s worth it or not so wrote in saying hey I was going to ask you about
hey I was going to ask you about
hey I was going to ask you about spending over a hundred thousand dollars
spending over a hundred thousand dollars
spending over a hundred thousand dollars on an mba program from a reputable
on an mba program from a reputable
on an mba program from a reputable school is it worth it
school is it worth it
school is it worth it it’s distantly speaking I know a
it’s distantly speaking I know a
it’s distantly speaking I know a difference from person to person thanks
difference from person to person thanks
difference from person to person thanks al
al
al so i’lll does differ from person to
so i’lll does differ from person to
so i’lll does differ from person to person I can only share what my
person I can only share what my
person I can only share what my experience is and hopefully that helps
experience is and hopefully that helps
experience is and hopefully that helps you so I didn’t get an MBA program I
you so I didn’t get an MBA program I
you so I didn’t get an MBA program I went to University of Toronto for
went to University of Toronto for
went to University of Toronto for undergraduate degree and I decided not
undergraduate degree and I decided not
undergraduate degree and I decided not to go get an MBA mostly because I was
to go get an MBA mostly because I was
to go get an MBA mostly because I was already running my business and I
already running my business and I
already running my business and I thought I’d get a lot more value from
thought I’d get a lot more value from
thought I’d get a lot more value from being in my business again in the
being in my business again in the
being in my business again in the hands-on experience then spend another
hands-on experience then spend another
hands-on experience then spend another couple years at school and working out
couple years at school and working out
couple years at school and working out of textbooks so that was my own personal
of textbooks so that was my own personal
of textbooks so that was my own personal decision I think it depends on what your
decision I think it depends on what your
decision I think it depends on what your background is I came from a business
background is I came from a business
background is I came from a business school background and I was already
school background and I was already
school background and I was already running businesses before I went to
running businesses before I went to
running businesses before I went to university so I had a lot of the
university so I had a lot of the
university so I had a lot of the fundamentals in place already I knew a
fundamentals in place already I knew a
fundamentals in place already I knew a lot of the concepts before starting my
lot of the concepts before starting my
lot of the concepts before starting my company if you’re coming from an arts
company if you’re coming from an arts
company if you’re coming from an arts program or science program or computer
program or science program or computer
program or science program or computer program and you may not know some of the
program and you may not know some of the
program and you may not know some of the business fundamentals then it could be
business fundamentals then it could be
business fundamentals then it could be more valuable for you if you’re going to
more valuable for you if you’re going to
more valuable for you if you’re going to go get a job then it definitely is a lot
go get a job then it definitely is a lot
go get a job then it definitely is a lot more value for you than it is for being
more value for you than it is for being
more value for you than it is for being an entrepreneur because a lot of
an entrepreneur because a lot of
an entrepreneur because a lot of companies are looking for people who
companies are looking for people who
companies are looking for people who have that MBA kind of separates you from
have that MBA kind of separates you from
have that MBA kind of separates you from everybody else and it’s almost expected
everybody else and it’s almost expected
everybody else and it’s almost expected now that you would go get an MBA to keep
now that you would go get an MBA to keep
now that you would go get an MBA to keep moving up one of the biggest benefits
moving up one of the biggest benefits
moving up one of the biggest benefits that I find from an MBA program is being
that I find from an MBA program is being
that I find from an MBA program is being able to make some good connections so
able to make some good connections so
able to make some good connections so depending on what your business is going
depending on what your business is going
depending on what your business is going to be doing if you plan on selling to
to be doing if you plan on selling to
to be doing if you plan on selling to big companies down the line all the
big companies down the line all the
big companies down the line all the people who you go to school with most of
people who you go to school with most of
people who you go to school with most of them will end up going to work at big
them will end up going to work at big
them will end up going to work at big companies and they’ll be moving up in
companies and they’ll be moving up in
companies and they’ll be moving up in the ranks and you’ll have contacts and
the ranks and you’ll have contacts and
the ranks and you’ll have contacts and friends to be able to talk business with
friends to be able to talk business with
friends to be able to talk business with potentially sell to down the line so you
potentially sell to down the line so you
potentially sell to down the line so you can make a lot of great connections from
can make a lot of great connections from
can make a lot of great connections from joining an MBA program that you might
joining an MBA program that you might
joining an MBA program that you might want to think about as well so those are
want to think about as well so those are
want to think about as well so those are on my personal thoughts I’d like to turn
on my personal thoughts I’d like to turn
on my personal thoughts I’d like to turn it over to Jeff Ogden a friend of mine
it over to Jeff Ogden a friend of mine
it over to Jeff Ogden a friend of mine from
from
from new customers to get his perspective as
new customers to get his perspective as
new customers to get his perspective as well
so the question was asked is spending
so the question was asked is spending $100,000 for an MBA really worth it
$100,000 for an MBA really worth it
$100,000 for an MBA really worth it well my and actually I don’t have an MBA
well my and actually I don’t have an MBA
well my and actually I don’t have an MBA I decided not to get one but I really
I decided not to get one but I really
I decided not to get one but I really think the answer is a qualified maybe
think the answer is a qualified maybe
think the answer is a qualified maybe because there’s really three things you
because there’s really three things you
because there’s really three things you get from an MBA you get knowledge so
get from an MBA you get knowledge so
get from an MBA you get knowledge so you’ve got two years of learning from
you’ve got two years of learning from
you’ve got two years of learning from some excellent professors you’ve got
some excellent professors you’ve got
some excellent professors you’ve got skills that you’re going to develop over
skills that you’re going to develop over
skills that you’re going to develop over that time and you’ve got networking
that time and you’ve got networking
that time and you’ve got networking because you’re the alumni network has a
because you’re the alumni network has a
because you’re the alumni network has a lot of value in addition there’s an
lot of value in addition there’s an
lot of value in addition there’s an intangible value that is a prestige that
intangible value that is a prestige that
intangible value that is a prestige that comes from a prestigious school so you
comes from a prestigious school so you
comes from a prestigious school so you know there are benefits that come from
know there are benefits that come from
know there are benefits that come from it however it’s a big expense and the
it however it’s a big expense and the
it however it’s a big expense and the thing you’ve got you got to say is can I
thing you’ve got you got to say is can I
thing you’ve got you got to say is can I get that on my own for instance I don’t
get that on my own for instance I don’t
get that on my own for instance I don’t have an MBA but I have a winter
have an MBA but I have a winter
have an MBA but I have a winter prestigious undergrad school Notre Dame
prestigious undergrad school Notre Dame
prestigious undergrad school Notre Dame I accumulated massive amounts of skills
I accumulated massive amounts of skills
I accumulated massive amounts of skills over the 30 years since I’ve graduated a
over the 30 years since I’ve graduated a
over the 30 years since I’ve graduated a tree accumulated tremendous knowledge in
tree accumulated tremendous knowledge in
tree accumulated tremendous knowledge in fact my content is taught in the MBA
fact my content is taught in the MBA
fact my content is taught in the MBA program there and I don’t have an MBA so
program there and I don’t have an MBA so
program there and I don’t have an MBA so can you do it without spending a hundred
can you do it without spending a hundred
can you do it without spending a hundred thousand dollars yes you can but it
thousand dollars yes you can but it
thousand dollars yes you can but it takes a long time so if you’ve got the
takes a long time so if you’ve got the
takes a long time so if you’ve got the money and you want to move fast
money and you want to move fast
money and you want to move fast get your MBA but if you’re tight on
get your MBA but if you’re tight on
get your MBA but if you’re tight on money and you don’t owe and you’re not
money and you don’t owe and you’re not
money and you don’t owe and you’re not in a huge rush then do do it on your own
in a huge rush then do do it on your own
in a huge rush then do do it on your own you don’t need to go to school I hope
you don’t need to go to school I hope
you don’t need to go to school I hope that helps so while I hope that was
that helps so while I hope that was
that helps so while I hope that was useful hope my thoughts were helpful and
useful hope my thoughts were helpful and
useful hope my thoughts were helpful and Jeff’s thoughts as well if you guys
Jeff’s thoughts as well if you guys
Jeff’s thoughts as well if you guys liked the video please give it a thumbs
liked the video please give it a thumbs
liked the video please give it a thumbs up below and I also love to hear
up below and I also love to hear
up below and I also love to hear thoughts on getting an MBA program if
thoughts on getting an MBA program if
thoughts on getting an MBA program if you want to leave a comment under the
you want to leave a comment under the
you want to leave a comment under the video and stay tuned for next episode
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