Tag Archives: ROI

The TMMBA ROI Series: Part 3

Ally Wewers, TMMBA Recruiting and Admissions Coordinator
ROI

In Posts 1 and 2, there’s already been ample discussion about the ways that TMMBA students and alums calculate their return on their investment. While we conclude today with three final categories to the TMMBA ROI, it’s safe to say there are still many components to add to this conversation:

Powerful Network

The TMMBA alumni network is truly one of the greatest assets of the program. With close to 800 TMMBA graduates, it is a diverse community that represents a variety of industries, functions, and companies. Additionally, the larger Foster School network connects more than 50,000 business professionals – creating a huge presence in the Puget Sound region and beyond.

 So how do TMMBA alums relate network to ROI? For many, the value comes from the exposure and access to new contacts, companies, and most importantly – opportunities. As alumnus Kevin Croy (TMMBA ’12) can attest, “The caliber of people on your team and the network you’re exposed to directly impacts your career.” Through an introduction from one of his TMMBA teammates, Kevin met his current business partner, leading to the development of 9MileLabs, a Seattle based high-tech accelerator.

 Another value of the TMMBA network is that it never stops growing. With each new cohort, the TMMBA community expands and provides access to more support, resources, and connections. “My network has exploded almost exponentially” remarks student Chris Zilich. “The connections I’ve made via my team and other classmates have been invaluable.”

 Personal Growth

Can you put a price on confidence? How about personal development and leadership skills? TMMBA alumnus Ameya Bhatawdekar (TMMBA ’10) explains that “it’s hard to put a dollar value on the measurement of ROI. But my most important indicator is knowing that I’m a different person today for having completed the program.”

 While the TMMBA program offers a comprehensive business curriculum, the learning in the program goes beyond business concepts, calculations, and frameworks. Emphasis on strategic decision making, effective leadership, and innovation challenge the individual and change their ways of thinking. 100% of recently surveyed TMMBA alumni cited an increase in confidence as a result of the program. Coupled with increased self-awareness, time management skills, and a sense of accomplishment, the return for the individual is unparalleled.

 Convenience

While it’s not a typical return, the convenience, support and services that the TMMBA program provides helps some students substantiate part of their investment decision. Many alums point to the convenient Eastside location- there’s less time and money spent commuting to class (especially in comparison to other non-local MBA programs). The 18-month program and work-compatible schedule also allow students to continue their current careers – without having to forfeit years of income and career experience to pursue their degree.

By providing textbooks, electronic course materials, registration services and more, students can focus on homework or family time, not worrying about the logistics of classes. Similarly, catered meals on class days allow students to come  from work and network with classmates over dinner – or finish up on last minute homework. As alums have noted– everything about the program is designed to make students as successful as possible.

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With the variety of topics that we’ve covered in these last few posts, it’s obvious that the ROI for TMMBA students is multifaceted. From network to rankings, salary increases to personal growth, every TMMBA student and alum calculates their return in their own way.  We’ve started the discussion – now how will you calculate the ROI for your own MBA?

Missed a post? Catch up!  Part 1 | Part 2 | Part 3

The TMMBA ROI Series: Part 2

Ally Wewers, TMMBA Admissions & Recruiting CoordinatorROI

Last week’s post addressed a few of the many ways that TMMBA students and alumni calculate the return on investment for their MBA experience. The discussion today centers around three additional consideration points- salary growth, career progression, and the lifelong resources of the TMMBA program.

Salary Growth

Compensation increase is often the focus of ROI conversations given that it’s easily quantified. While  sole emphasis should not be placed on an MBA’s monetary value, it is still an important piece to the ROI puzzle.

TMMBA graduates continue to see considerable return for their initial investments. As knowledge and skills grow from an MBA program, pay raises often follow as employers see the benefits of the education.  In fact, in a survey of TMMBA alumni two years post-graduation, 95% of respondents reported an increase in salary – with an average increase of over 20%.

Career Advancement

Oftentimes, career growth goes hand-in-hand with salary increases. Whether students are looking for promotions, functional changes, or to start their own companies, TMMBA helps to advance the timeline for these goals.

“When I think of the next levels I wanted to achieve in my career, TMMBA significantly accelerated my ability to achieve those milestones. In the classroom, I learned concepts that could take years to grasp on-the-job,” remarks alumnus Jeremy Hutton (TMMBA ’13).

With a relevant business curriculum incorporating technology, innovation, and professional development, TMMBA students find that their MBA is a competitive advantage in the market. For those looking to move up, an MBA opens to door to greater responsibility and management roles. Some TMMBA students are hoping to change functions or industries – and upon graduation are more qualified to pursue outside opportunities. Entrepreneurs can also improve future success when equipped with knowledge and resources from the program.

Lifelong Resources

Speaking of resources, it’s important to note that the benefits of the TMMBA program don’t end upon graduation. TMMBA alumni still have access to workshops, guest speakers, networking events, career coaching – even classes. Whether it’s a new course that’s been added or a subject that needs refreshing, many alums take advantage of class audits and lifetime learning.

TMMBA Career Services adds notable value for both students and alumni. From resume workshops and panel discussions to 1:1 coaching and Career Mixers, there are plenty of ways to leverage TMMBA career resources.

Given these potential value propositions of an MBA, it’s still up to students to leverage their education and capitalize on growth. As Jeremy can attest, “It’s never going to be less expensive to get an MBA than today. The return starts immediately – as soon as you learn the concepts in class and start applying them. Take advantage of the opportunity.”

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Missed a post? Catch up!  Part 1 | Part 2 | Part 3

The TMMBA ROI Series: Part 1

Ally Wewers, TMMBA Admissions & Recruiting CoordinatorROI

Return on Investment (ROI) for an MBA degree is a common topic when talking with TMMBA students and alumni. Whether they measure their return in dollars or more intangible assets, it’s clear that the UW Foster TMMBA program provides substantial value for graduates.

Over the coming weeks, we’ll look at some of the various benefits that TMMBA students and alumni use when measuring the value of their Foster MBA degree. As you’ll see, there are many elements to consider in this calculation.

Immediate Value

From day one of Immersion Week to the last Capstone course, TMMBA students experience the real-time ROI of their newly gained business knowledge.

“My ROI becomes visible as I begin to apply my learning directly to my work,” remarks Padmaja Vrudhula, who will graduate in June 2014. For Padmaja, the immediate relevance of TMMBA’s curriculum was clear when she was exposed to different cost comparison concepts from TMMBA professor Lance Young. When she applied these concepts at work, the change in approach to valuations saved her client roughly twenty million dollars.

Like Padmaja, the majority of TMMBA students work full time, and they are encouraged to bring workplace experiences and examples into the classroom. Students are then prepared to apply solutions at work the next day – earning immediate dividends the moment they begin classes.

A Highly Respected MBA

Ranking institutions (including U.S. News & World Report, Businessweek, and Forbes) consistently recognize The UW Foster School for the strength of its graduate programs and success as a school. While rankings don’t always complete the picture, our alumni acknowledge that it does sometimes play a factor in their MBA investment decision.

Kevin Croy (TMMBA 2012) explains “We are so fortunate to have such a prestigious and well-respected research university in our backyard. I’m proud to be associated with the UW and the Foster School of Business.”

With brand recognition across the U.S. and beyond, an MBA from the Foster School of Business ensures that your credentials will hold value and be well-recognized. TMMBA students realize the benefit of being able to attend a top-tier institution without leaving their hometown.  In addition, the TMMBA program itself has developed a strong reputation since admitting its first class 13 years ago.

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 Our next post (Part 2) features alumni perspectives on how career and salary growth factor into TMMBA ROI calculations. Also, take a look at these videos from TMMBA ROI panel discussions.

Missed a post? Catch up!  Part 1 | Part 2 | Part 3

The TMMBA ROI

Sara Jones, Associate Director and 2012 alumna

Are you wondering if you’ll get enough return on your MBA investment to make the sacrifice worth it?  ROI can be measured in many ways—new career options, the value of the network, a sense of security, compensation and more.

So, what is the TMMBA ROI?

Last month we surveyed alumni who graduated from the program two years ago. The responses are still coming in, but here’s a sneak peak at some of the data so far:

  • 24 months after graduation, most respondents so far have said they made a career change
    • 38% changed functional disciplines
    • 48% moved up vertically
    • 5% started their own company
  • 100% are more confident in their business skills and abilities
  • 90% have increased their strategic business responsibilities
  • 67% have greater budget responsibility
  • Almost all respondents have seen an increase in salary, with an average increase over 20%

Stay tuned in the coming weeks for complete results of the alumni ROI survey. 

In the meantime, I encourage you to talk directly with our alums or attend tomorrow’s panel discussion on the TMMBA ROI.  The panel is made up of three alums and one student who will share more about their return on investment from the TMMBA Program.

The TMMBA ROI: a candid conversation with TMMBA alumni  & students

Thursday, August 8
6:00 – 8:00 pm
Eastside Executive Center, Kirkland
RSVP

Panelists:
Ameya Bhatawdekar, Founder of Nuubuu
Kevin Croy, Partner at 9Mile Labs
Jeremy Hutton, Associate at Point B Consulting
Padmaja Vrudhula, Strategist at VMWare

If true wealth is discretionary time, how rich are we?

Sarah McCaffrey, TMMBA Student, Class of 2014

After reading Million Dollar Consulting by Alan Weiss, I considered a point he reiterated several times as it applies to the TMMBA. In his book, Weiss identifies his true measure of wealth: discretionary time. The idea is that wealth should not be measured by a bank account balance, a stockpile of resources, or the difference between monthly income and monthly expenses. Weiss asserts that the only way to measure our personal wealth is by measuring the amount of time with which we can do whatever we like.

MDCImage courtesy Amazon.com

Executives making seven figures, who work eighteen hours a day? Not wealthy. Small business owners who set their own hours and do what they love? Filthy rich. Parents who want music lessons and summer camp for their kids? That depends. If we must budget so closely to reach our goals that we sometimes require an injection of overtime pay, extra cash from babysitting or listing items on Craigslist, we may be doing just fine, but we are not rolling in discretionary time.

Assume that Alan Weiss has it right and this is the way we should measure our success: what does that mean for the TMMBA? Now that Class 13 has adjusted to the rigors of the program, how might we apply this concept to our new reality?

Working toward the TMMBA is a major investment. Not just of our finances, but of our wealth… our time.

As we invest our time in the TMMBA, what type of return on investment will we see? Remember, we’re still thinking in terms of wealth as discretionary time. For the hours that we put into the program, what kind of hours will we get back?

With Immersion Week and half of our first quarter under our belts, I can already see some of the time coming our way. As we continue in Financial Reporting and Analysis, I see a future in which I do not have to chase down an accountant, or plug an income statement line by line into a search engine to make sure that I understand what it’s telling me. I look forward to seeing how much time I save in future workplace conversations as our classes in professional communications, negotiations, and ethics prompt me to communicate exactly what I think, as opposed to hacking away at my point as I struggle to carve closer and closer to what it is I really mean but can’t quite get across. Finally, the knowledge we are accruing, every lesson we take home, will result in days when we have the answer to a problem, days without hesitation or desperation.

I see the TMMBA paying dividends.