psylocke6977 saidI'll be finishing up my bachelors degree soon and am thinking of all the other possibilities. Is continuing my education to an MBA worth the time and money, or better to just fully jump in the workforce and gain the experience?
It really depends on a number of things:
1.) What you want to do after - an MBA from a well regarded school is a huge time and financial commitment, so making it without a destination on the other end (decisive starting point to the rest of your career) is risky. A lot of employers will ask you "Why Finance?" "Why Strategy?" etc... and you if you're not from a business background to begin with, building the bridge through time from where you came from to how you wound up sitting in front of the interviewer is a lot harder to build in a way that's competitive against those who do have a business background. An interview to get into a good school will be the same way.
2.) Based on where you might like to wind up after an MBA, what caliber of school are you going to have to go through to make sure you get there? This also adds dimension to the size of the financial commitment. You'll see a lot of commercials or news articles about "Do your MBA online!" I can't speak from experience, but I can definitely tell you that you'll be much, much more competitive in anything related to business that you do afterwards if you go to a brick and mortar school being taught by recognized academics instead of sitting in front of your monitor trying to make sense of something that was designed for mass distribution and comprehension. Although names like It Wharton, HBS, Sloan, Kellogg, etc.. immediately command respect, the name of your alma mater and quality of education won't carry you farther than you can carry yourself using those tools. That said, unless you know you need a specific school to be competitive for a very specific position, broaden you search to include other highly reputable (although less well recognized by popular media). Fuqua (Duke), Haas (UCLA Berkley), Tuck (Dartmouth), Booth (Chicago) are all very good schools and should at least be looked at. You'll meet people at all of those schools that will be valuable to you later in life.
3.) What do you have lined up after your bachelors? Most schools that grant an MBA worth having generally see the new classes coming off of two or three years of work experience and generally look at where that work experience was. For example, I know General Electric and McKinsey & Co. have phenomenal reputations with Wharton. So think about where you'd like to maybe start after your MBA (which is often where you were working before), what schools are going to be on your hit list, what kind of work experience and references you'll need to get in to those schools
4.) If you're bachelors isn't already in business, draw up a plan to start in an entry level position that at least orbits something you'd like to do and try nudge your way in; you'll have a much better chance of getting in with business experience, or at least an understanding of why you want to be in business if you're working in a relevant field.
5.) If you're not sure what you want to do yet, don't spend the money on an MBA yet. Start out with something less costly if it winds up not being what you want. I'm not sure about American accounting designations, but working towards a recognized accounting designation, or a financial designation (CFA) might be a more logical first step. Lots of people do their CFA, MBA and it seems to be a good path to go down. A primary designation and then an MBA will also expose you to more people, allowing you to build up a solid network. I just finished undergrad and I'm taking my CFA right now. It's not really comparable to an MBA in the sense that it's finance specific, only exams (vs. case based learning), but once you've got it under your belt, it opens the doors to a lot of other things. It's relatively inexpensive (especially compared to a top 10 school), very well regarded in fields like equity research, investment management and analysis, compliance, etc...and you can take as long as you need to write the 3 exams (most people do it while their working).