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Started By
Message
1
Posted on 1/17/13 at 10:24 pm to lsu711
quote:
quote: I tell candidates that if they want an MBA, then go to one of the top five schools: Wharton, Harvard, Stanford, MIT, and Kellogg. If they cannot get into one of these schools, then don’t even go to another school. The return on investment is just not there.
I paid $0 for LSU MBA...was it worth it?
Posted on 1/17/13 at 10:33 pm to acgeaux129
I was in project management for a public developer and will be moving into general management with a large manufacturer.
Posted on 1/17/13 at 10:35 pm to GeismarGeauxer
quote:
was it worth it?
You tell us.
What did the degree get you?
Posted on 1/17/13 at 11:07 pm to lsu711
quote:
This, in our local area we're seeing that many companies and recruiters view MBA's without legitimate leadership experience as an unproven commodity.
This.
People with shitty undergrad grades go and get their MBA straight out of school.
Then they get the same jobs as people with average undergrad grades.
Posted on 1/18/13 at 3:44 am to jimbeam
quote:
is there going to be a shift towards some other post grad degree/study?
Is there? This is already old news.
Posted on 1/18/13 at 6:49 am to CajunFootball
quote:
My employer now is paying for me to get my MBA as we speak. I had no interest in paying for it; however, if they want to pay the bill then I don't mind getting a little extra on my resume for future use.
This. Me.
Posted on 1/18/13 at 7:25 am to lsu711
(no message)
This post was edited on 4/6/13 at 1:03 pm
Posted on 1/18/13 at 8:20 am to ZereauxSum
quote:
I agree with him for the most part, but there is also some value on getting an MBA and working in the same city/area. For example, an MBA from Emory university in Atlanta carries a lot of weight if you work in the Atlanta area afterwards.
Agreed. It is all about location IMO. If you are living in ATL, it is ridiculous to say that getting a MBA from GT/UGA/Emory doesn't add value.
Posted on 1/18/13 at 8:26 am to hiltacular
quote:
If you are living in ATL, it is ridiculous to say that getting a MBA from GT/UGA/Emory doesn't add value.
He isn't saying those degrees don't add value. He is saying the costs outweigh the benefits.
Posted on 1/18/13 at 8:29 am to lsu711
Vanderbilt 78 Alabama 0 Final
Did you read my post about this from earlier this week on the SECR?
Did you read my post about this from earlier this week on the SECR?
Posted on 1/18/13 at 9:05 am to lsu711
I have an MBA, and it's a pretty useless degree, tbh. Maybe ones from Wharton, et al are different, but mine was a waste of time as far as actually learning something I didn't already know or could have figured out for myself.
Posted on 1/18/13 at 12:55 pm to Jim Rockford
Don't blame Texas. While we have additional professional programs, they still graduate the same amount of students when it was only full time. They just reduced the size of their full time program.
Posted on 1/18/13 at 1:51 pm to lsu711
This concerns me as I was planning on trying to get a MBA to go along with my engineering background. However, I would be doing this all online and since most of the top schools don't offer online programs it doesn't seem like it is worth it anymore.
Anybody have any other recommendations or should I just assume my schooling is finished?
Anybody have any other recommendations or should I just assume my schooling is finished?
Posted on 1/18/13 at 2:04 pm to bpfergu
My general advice is to recognize the writing on the wall that generalized degrees are falling out of favor. If you can get a specialized degree that enhances your skills in a specialized technical area, then that is typically a smart move to make. Try to avoid the professional schools (business, law, & medicine) with absurd tuition rates and a job factory approach to things.
Posted on 1/18/13 at 3:00 pm to bpfergu
My view is biased, but the traditional MBA that was highly valued by employers was the full time, 2 year program. The accessibility of online and part-time programs, and the resulting over supply of MBAs, has reduced the value of the degree. Another probable factor is that online and part-time programs do a poor job of simulating the full time programs that employers understood and respected.
Posted on 1/18/13 at 3:06 pm to Doc Fenton
quote:
Doc Fenton
I missed your post on the Vandy/Bama game. Can you link?
Viewing the job pool as a pyramid with service jobs at the bottom and CEOs at the top, the MBA was intended to prepare men/women for the top of the pyramid. If you define specialized as concentrating in a small area, I'm not sure it gets more specialized than that. While MFin, MAcct, ME, etc. teach "tangible" skills, the skills required to manage people and make complex business decisions are qualitative. The issue now is many folks without potential for the top of the pyramid are getting MBAs, diluting the MBA's brand and making many question the value of the degree.
Posted on 1/18/13 at 3:37 pm to lsu711
quote:
I do and I've found the "total cost to attend" figures to be a worst case scenario. Prior to enrolling, my projected payback was around 5 years. Now with real numbers, it will be about 1 year. I had overestimated the costs, underestimated my summer compensation and exit salary and not considered any tuition reimbursement from my future employer. My only guess is Wharton has a higher percentage of students who had high paying jobs prior to b-school, saved little, and racked up debt in order to continue that lifestyle into b-school.
+1
I did something similar and basically did a sensitivity analysis based on amount of expenses over 2 years, signing bonus for full time job, salary, and potential employer payback. I had a projection closer to 3.5-4 on average. I didn't include summer intern money though.
ETA: The value of an MBA isn't the education itself or the degree like it is in undergrad. It's the connections, network, and job opportunities that are given to pipeline top 20 schools that make the MBA valuable. So if you're considering going to get an MBA, do your research on the important statistics for your school i.e. % of students with job 90 days after graduation, % summer internships, Avg salary, avg bonus, etc. Getting an MBA to have it on your resume is throwing money down the toilet IMO
This post was edited on 1/18/13 at 3:46 pm
Posted on 1/18/13 at 3:38 pm to lsu711
LINK
Yes, assuming that they were already headed there, sort of like the ancient model for liberal arts colleges for the sons of noblemen. It was never intended as a career ladder for people who study really hard, which is the way it's often marketed to potential students.
The role of prepping people for future roles is not the same as being able to get them in those roles in the first place. If you're going to a Top 10 b-school to get your MBA, you can make an argument about the school playing the role of a gatekeeper to pre-select suitable candidates for top employers. If not, however, (and if you're not already on a definite career track leading to the top), then you might enhance your skills in other ways--maybe get an advanced degree in information assurance or biostatistics or nanotechnology or something else that other people can't easily replicate.
quote:
Viewing the job pool as a pyramid with service jobs at the bottom and CEOs at the top, the MBA was intended to prepare men/women for the top of the pyramid.
Yes, assuming that they were already headed there, sort of like the ancient model for liberal arts colleges for the sons of noblemen. It was never intended as a career ladder for people who study really hard, which is the way it's often marketed to potential students.
The role of prepping people for future roles is not the same as being able to get them in those roles in the first place. If you're going to a Top 10 b-school to get your MBA, you can make an argument about the school playing the role of a gatekeeper to pre-select suitable candidates for top employers. If not, however, (and if you're not already on a definite career track leading to the top), then you might enhance your skills in other ways--maybe get an advanced degree in information assurance or biostatistics or nanotechnology or something else that other people can't easily replicate.
Posted on 1/18/13 at 4:11 pm to Doc Fenton
quote:
My general advice is to recognize the writing on the wall that generalized degrees are falling out of favor. If you can get a specialized degree that enhances your skills in a specialized technical area, then that is typically a smart move to make. Try to avoid the professional schools (business, law, & medicine) with absurd tuition rates and a job factory approach to things.
The thing is I already have my specialized technical degree and advanced technical degree. Because of this, I've already enhanced my skill in that regard. However, within the fields that people with these specialized degrees would work, there still need to be leaders and managers of those people. I'm just trying to figure out if mere experience is the best recipe for getting into leadership roles or if having a MBA, even if not from a top school (due to it having to be online) would benefit me in any way.
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