I was a late bloomer in the education game and did not actually graduate from college until 2013 at the age of 52. My long-range planning said that I needed the degree to be competitive in my field (accounting) when time came to seek out a new full-time job. While I did not love the college experience, it is gratifying to have the formal education to back up my job description. I have zero regrets about the time invested or the money spent to earn my degree.
With the latest twists and turns in my full-time job, I am contemplating some additional coursework and possibly an MBA. Right now it’s just additional coursework, to hone my skills and perhaps sit for the CPA exam. Maybe. I am not crazy for the idea of being a CPA, but if I were to find myself released from my present full-time job, I know enough local CPAs (and have worked for several through the years) to probably score a low-paying staff-level job in exchange for auditing hours. My reasoning is that an additional set of opportunities open once one has those three letters after their name.
I am considering additional coursework in forensic accounting and fraud investigation, which would be an add-on in my existing career and choices. I can take as few or as many courses as I wish to add to my degree, or I can take those and pursue an MBA at the same time. A big part of a graduate degree is not the actual coursework, but the return on investment for achieving that milestone. Realistically my working career is about 73.47% complete (assumes I retire in 13 years at age 67). Assuming it took me 2 years to obtain my MBA, would the potential increase in salary pay for the additional schooling while competing with young whipper-snapper millennials?
Put in dollars and cents terms the additional education does not make a lot of sense. My own peace of mind and satisfaction may make it worthwhile goal, though. M is of a more practical mindset – it’s a lot of money just for a hobby. He could be a lot closer to a fully functional airplane for the same dollars invested.
M and I are having dinner with part-time boss #2 on Friday evening. This is partly business, because we always talk business when we get together, and partly social, because he and M have become good friends who enjoy similar hobbies. M is also joining the ranks of his part-time staff, as his car caretaking guy. Boss #2 keeps 4 vehicles at his house in town, yet is only here every couple of months to drive them. In the mean time he likes them to be washed and driven around at least every couple of weeks, the garage kept tidy in his absence. M has been fulfilling this need on a random, as-requested basis, but the boss appreciates his efforts and wanted to formalize the arrangement into a regular part-time gig. There will be other cars coming and going in the next few months, and having M on the payroll and insurance means he can be the driver delivering and exchanging cars. Since these are expensive, fun-to-drive vehicles, it’s a fun job for M to undertake.
But part-time boss #2 is also very pro-education and has tuition reimbursement for his staffers. He has previously offered to take me off contract and add me to his payroll, which makes me eligible to take advantage of tuition assistance. It will come up on Friday night, and depending on what sort of terms we can agree to, part of my additional schooling costs may be reimbursed. If we can come to a mutually beneficial and agreeable agreement I will definitely accept it, but he is a generous employer already and I have no desire to take advantage of his goodwill. Hopefully we can work it out.