Why Do You Need A Why Do You Need A Business Degree?Business Degree?

Sooner or later in your life, you need to have a Sooner or later in your life, you need to have a business degree (BBA or MBA).business degree (BBA or MBA).

If you will not have one, you will need to work If you will not have one, you will need to work hard on the training your way, getting a degree hard on the training your way, getting a degree will be more beneficial.will be more beneficial.

A Business Degree will help you in:A Business Degree will help you in: Career DevelopmentCareer Development Personal GrowthPersonal Growth Looking at the world with an open eyeLooking at the world with an open eye

Career DecisionCareer Decision

You have many choices:You have many choices: EngineerEngineer Scientist/Researcher/Professor (Bio, etc.)Scientist/Researcher/Professor (Bio, etc.) Business PersonBusiness Person Professionals (Doctors, Lawyers, Accountant Professionals (Doctors, Lawyers, Accountant

Career Development InsightsCareer Development Insights

In Corporate America, you can have two career In Corporate America, you can have two career paths:paths:

Technical FieldTechnical Field Management FieldManagement Field

In Corporate America, if you are ambitious, you In Corporate America, if you are ambitious, you need to get a promotion when you are young need to get a promotion when you are young (within 7-8 years after you get your first degree).(within 7-8 years after you get your first degree).

Technical FieldTechnical Field

You should know more in technical area than othersYou should know more in technical area than others You need to get in to somewhat research fieldYou need to get in to somewhat research field You need to have a Ph. D degree and may need to have technical You need to have a Ph. D degree and may need to have technical

publications (in Journals, Conferences, etc.)publications (in Journals, Conferences, etc.) Usually suitable for Asian Americans, who are good at math and Usually suitable for Asian Americans, who are good at math and

science, and who enjoy doing hard work in fields otherwise being science, and who enjoy doing hard work in fields otherwise being thought as abstruse / abstract / boringthought as abstruse / abstract / boring

You also need to have good communication skills (presentation, You also need to have good communication skills (presentation, technical writing, etc.) otherwise you may not be able to take technical writing, etc.) otherwise you may not be able to take credit for the work you put in efforts incredit for the work you put in efforts in

Technical FieldTechnical Field

You will be awarded for promotion to be a Technical You will be awarded for promotion to be a Technical Leader/ Technical Expert or high rank technical Leader/ Technical Expert or high rank technical position in the company. If you have that rank, you position in the company. If you have that rank, you may be able to change to management position may be able to change to management position (depending on chance and company), many people did (depending on chance and company), many people did make the change.make the change.

But it's not guaranteed to get promotion. And research But it's not guaranteed to get promotion. And research field usually is narrow, this may bring to problem in job field usually is narrow, this may bring to problem in job security if the field is not in high demand.security if the field is not in high demand.

High Tech field is the driving force for America to take High Tech field is the driving force for America to take lead in productivity and innovation in the world, which lead in productivity and innovation in the world, which has more secure jobs.has more secure jobs.

Management Field Management Field You would like to be a recognized leader in your group You would like to be a recognized leader in your group You want to get respect and hope others will take serious what you sayYou want to get respect and hope others will take serious what you say You may find managing your own projects is more rewarding than You may find managing your own projects is more rewarding than

asked to do things you don't want to doasked to do things you don't want to do You may find it interesting to know all aspects of the projects instead You may find it interesting to know all aspects of the projects instead

of just do thingsof just do things You would like your being recognized fairly and your boss will not You would like your being recognized fairly and your boss will not

always take credit of your hard workalways take credit of your hard work You hope you can get the hefty bonus and the salary your boss hasYou hope you can get the hefty bonus and the salary your boss has You don't want to be in the bottom of the organization chart foreverYou don't want to be in the bottom of the organization chart forever You don't want to be bossed around when your boss don't know shitYou don't want to be bossed around when your boss don't know shit Attitude and proactive is more important than technical knowledgeAttitude and proactive is more important than technical knowledge

Facts Facts When GM was in bankruptcy, the 50 top management positions still When GM was in bankruptcy, the 50 top management positions still

got > $1 million bonus, while many engineers were laid off, and had got > $1 million bonus, while many engineers were laid off, and had several plants closed, salary and UAW employee benefits were cut;several plants closed, salary and UAW employee benefits were cut;

The first year Alan Muraly took Ford's CEO position, he was awarded The first year Alan Muraly took Ford's CEO position, he was awarded $16 million bonus, while all engineers had merit increase freeze (no $16 million bonus, while all engineers had merit increase freeze (no salary increase)salary increase)

When average bonus for engineers is around $6,000, average middle When average bonus for engineers is around $6,000, average middle level managers in Ford got >$50,000 level managers in Ford got >$50,000

Ford CEO Jack Nasser was fired on a negotiated multi-million dollar Ford CEO Jack Nasser was fired on a negotiated multi-million dollar deal, while over 10,000 engineers were laid off between 2004-2009 with deal, while over 10,000 engineers were laid off between 2004-2009 with only less than a few month's salaryonly less than a few month's salary

When GM, Ford and Chrysler CEO went to Washington to seek When GM, Ford and Chrysler CEO went to Washington to seek government financial support to avoid bankruptcy, each of them flew a government financial support to avoid bankruptcy, each of them flew a corporate jet to there.corporate jet to there.

What Do They Do? What Do They Do? Pros & Cons in Career DevelopmentPros & Cons in Career Development

EngineerEngineer

An Engineer is someone who really likes to work on parts An Engineer is someone who really likes to work on parts (mechanical, electrical, etc.)(mechanical, electrical, etc.)

A really good engineer is someone who is very genius and A really good engineer is someone who is very genius and passionate about invention (Thomas Edison, Steve Wozniac, etc.)passionate about invention (Thomas Edison, Steve Wozniac, etc.)

There are high school genius who developed iPhone Apps and are There are high school genius who developed iPhone Apps and are making tens of thousands dollars a yearmaking tens of thousands dollars a year

There are high school science nerds who invented new robotics and There are high school science nerds who invented new robotics and have new ideas on new car designshave new ideas on new car designs

You don't have to be a genius to be a good scientist: over 90% You don't have to be a genius to be a good scientist: over 90% engineers are not genius.engineers are not genius.

If you want to cultivate your ideas and make it to your commercial If you want to cultivate your ideas and make it to your commercial benefit, you need to know something in businessbenefit, you need to know something in business

Engineer - Pros/ConsEngineer - Pros/Cons

Ideal for people who really enjoy working on the Ideal for people who really enjoy working on the parts, caring less on promotionparts, caring less on promotion

Usually provide stable and sound incomeUsually provide stable and sound income Less ideal for risk takersLess ideal for risk takers Hard to get promotionHard to get promotion Mechanical Engineering has no future, electrical Mechanical Engineering has no future, electrical

engineering will be more promising. engineering will be more promising.

Scientist/ResearcherScientist/Researcher

Willing to do more analytical workWilling to do more analytical work Have strong math/science background and like Have strong math/science background and like

the fieldthe field Get a Ph. D degreeGet a Ph. D degree Work in research fieldWork in research field Have option to become a professorHave option to become a professor

BusinessBusiness

Business is a very general field, include:Business is a very general field, include: FinanceFinance

Corporate FinanceCorporate Finance Wall Street/ Investment FirmsWall Street/ Investment Firms

MarketingMarketing ConsultingConsulting ManagementManagement AccountingAccounting

BusinessBusiness The world is a business world, the education in The world is a business world, the education in

business makes you know the world betterbusiness makes you know the world better You are trained to be a leaderYou are trained to be a leader Better chance in career development / Better chance in career development /

promotion than in technical fieldspromotion than in technical fields Help you to equip with the necessary tools for Help you to equip with the necessary tools for

your lifeyour life Help to establish/ grow your own businessHelp to establish/ grow your own business Meet same high quality business peopleMeet same high quality business people

Business (Cont.)Business (Cont.)

Business training is needed no matter what job you Business training is needed no matter what job you do, even in technical fieldsdo, even in technical fields

Good Money Maker in some fields, but hard workGood Money Maker in some fields, but hard work Not all jobs are stressful, such as in Corporate Not all jobs are stressful, such as in Corporate

Finance, Corporate Marketing, etc.Finance, Corporate Marketing, etc. You can choose to be in technical field in business You can choose to be in technical field in business

field field You can choose to be a researcher in business field You can choose to be a researcher in business field

(economist, professor, etc.)(economist, professor, etc.)

Pros/Cons on getting both technical Pros/Cons on getting both technical (BS) and business degree (MBA)(BS) and business degree (MBA)

Pros:Pros: You get both technical and business education, You get both technical and business education,

if use appropriately, could have advantagesif use appropriately, could have advantages Will have options going either path for career Will have options going either path for career

development, if you don't like the other onedevelopment, if you don't like the other one

BusinessBusiness

Cons:Cons: Will need to have career change, which would be Will need to have career change, which would be

difficult sometimes difficult sometimes Need commitment and many people settle with in vein Need commitment and many people settle with in vein May need financial commitment too May need financial commitment too Take longer time to fulfill the change, time is valuableTake longer time to fulfill the change, time is valuable If you already decide to do business, why would you If you already decide to do business, why would you

waste time doing something else?waste time doing something else?

ProfessionalProfessional

Doctors, Lawyers and Accounts are those Doctors, Lawyers and Accounts are those special trained, highly skilled whose skills are special trained, highly skilled whose skills are hard to findhard to find

They choose not to work for Corporate America They choose not to work for Corporate America but have their own business, for both job but have their own business, for both job security and maximization of financial incomesecurity and maximization of financial income

The skills require them to have more years in The skills require them to have more years in educationeducation

The job may need more time commitmentThe job may need more time commitment

WHAT DO YOU WANT TO DO?WHAT DO YOU WANT TO DO?

What do you like?What do you like? What's your goal: what do you want to be in 10 What's your goal: what do you want to be in 10

years, 20 years?years, 20 years? Financial Independence (asset accumulation, job Financial Independence (asset accumulation, job

security, personal business)security, personal business) Work Style, Social Life, Family, Hobby?Work Style, Social Life, Family, Hobby?