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re: Shocking news: The value of an MBA is rapidly declining
Posted on 1/18/13 at 5:55 pm to lsu711
Posted on 1/18/13 at 5:55 pm to lsu711
I was dead set on going the MBA route fresh out of school, but the "work a few years to see if you actually need it" crowd (both IRL and on here) convinced me otherwise. Thankfully, for once, I listened to the majority instead of myself 
Eta: I'll be interested in seeing how many MBA's LSU issues in the coming years with the online program availability. I think a typical FT graduating class is around 75 on campus.
Eta: I'll be interested in seeing how many MBA's LSU issues in the coming years with the online program availability. I think a typical FT graduating class is around 75 on campus.
This post was edited on 1/18/13 at 6:09 pm
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Posted on 1/18/13 at 6:17 pm to bpfergu
It sounds like if you know the specific roles you want, then you could research them and ask around to see if MBAs were a big factor in people getting those promotions.
I don't know enough to say, but it seems to me that if you merely want to manage others on team projects, then that's one thing. If you want to be a leader making important firm-wide capital budgeting decisions, then that's something that maybe you could apply an MBA education toward--depending on what your current business background knowledge already is.
I don't know enough to say, but it seems to me that if you merely want to manage others on team projects, then that's one thing. If you want to be a leader making important firm-wide capital budgeting decisions, then that's something that maybe you could apply an MBA education toward--depending on what your current business background knowledge already is.
Posted on 1/18/13 at 10:24 pm to Doc Fenton
I need to sort out the exit opportunity I need to make it worthwhile. It is a matter of when more than if.
Posted on 1/19/13 at 2:52 pm to lsu711
quote:
You tell us. What did the degree get you?
Since I only invested my time, I think it was worth it.
However, I am being paid for my undergrad degree (ChE) and experience and not my MBA.
Posted on 1/19/13 at 6:05 pm to lsu711
I know several people who have big name MBAs - wharton, berkeley, stanford, yale...you name it. Some are evening and executive MBAs - not all offer it.
They are so married to the idea that the degree itself will advance their careers that they've almost lost the common sense they had before. Does not apply to everyone but some of these guys are living on a different planet and getting increasingly frustrated at not getting the ROI they expect for their MBAs.
They are so married to the idea that the degree itself will advance their careers that they've almost lost the common sense they had before. Does not apply to everyone but some of these guys are living on a different planet and getting increasingly frustrated at not getting the ROI they expect for their MBAs.
Posted on 1/19/13 at 6:34 pm to lsu711
I know nothing about business, but an MBA from Yale, Princeton, University of Chicago, etc isn't worth the time?
Posted on 1/19/13 at 7:36 pm to peopleschamp
It depends on what you want to do with it. Specialize in a field for advancement, sure it could help. Just get one hoping you'll get triple promoted to a c level exec overnight? Not so much.
Posted on 1/20/13 at 7:42 pm to lsu711
Going forward, if you have some practical experience going into your MBA then it will still carry some weight. If you just extended your college stay two years, no one will give a shite.
Posted on 1/20/13 at 11:17 pm to ZereauxSum
More and more people are looking at Economics and Applied Economics graduate degrees. Still my MBA is going to be paid for so it can only help.
Posted on 1/20/13 at 11:42 pm to ragacamps
quote:
my MBA is going to be paid for so it can only help.
Tuition isn't the only cost of a degree. You also have to invest your time.
Posted on 1/20/13 at 11:56 pm to peopleschamp
quote:
an MBA from Yale, Princeton, University of Chicago, etc isn't worth the time?
Princeton doesn't offer an MBA.
Yale - Maybe, if you are set on financial services in NYC. Still, the MBA program's reputation trails its regional competitors. Also, Yale has one of the largest % of grads that go to work for non-profits (avg salary of $75K). With tuition at 55K/yr, I don't think those people ever see a positive return.
Chicago - I haven't looked at the numbers, but my guess is the returns are pretty good for Booth grads.
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