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What's the Money Board's take on the Flores MBA Program...

Posted on 7/20/15 at 4:09 pm
Posted by sonicsam
Member since Oct 2012
318 posts
Posted on 7/20/15 at 4:09 pm
Overall? and More specifically, The Finance and Financial Planning Specialization?

Entertaining the thought of going back to school and wanted to get this conversation rolling.

TIA!
Posted by whodatigahbait
Uptown
Member since Oct 2007
1752 posts
Posted on 7/20/15 at 5:48 pm to
quote:

Overall? and More specifically, The Finance and Financial Planning Specialization?

Entertaining the thought of going back to school and wanted to get this conversation rolling.

TIA!



Really depends on your current situation and what you are trying to accomplish by going back....
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/20/15 at 6:05 pm to
You don't need an MBA to do financial planning.

If you want to do finance, Carlos's MFin program is probably a better and cheaper route. If you want to do I Banking, you should target a more prestigious MBA program. LSU puts only a couple of MBA grads into I banking each year. If you want to do commercial banking, it probably is a good fit. They get recruited aggressively by commercial banks.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75215 posts
Posted on 7/20/15 at 9:29 pm to
Too expensive. Go the LSUS online route for 1/3 of the cost and get an MBA in 10 months.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/21/15 at 6:57 am to
Trump university is cheaper and faster.

Plus, you won't have to have the word "shreveport" on your resume.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75215 posts
Posted on 7/21/15 at 9:25 am to
Oh, the horror.
Posted by Teddy Ruxpin
Member since Oct 2006
39582 posts
Posted on 7/21/15 at 9:49 am to
I don't see the problem with his comment.

I imagine having LSU Shreveport on your resume closes some doors outside of the state, just like many other schools in various locations.
Posted by TxTiger82
Member since Sep 2004
33940 posts
Posted on 7/21/15 at 9:50 am to
quote:

Overall? and More specifically, The Finance and Financial Planning Specialization?


1) Look into assistantships to cover all or part of tuition. It may not be worth it if you can't get some funding.

2) You will still need connections. Connections + MBA = career path with high ceiling. MBA alone won't get you that.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75215 posts
Posted on 7/21/15 at 9:58 am to
So it looks bad on your resume outside of LA? I think it doesn't have the appeal lets say, out west or up north, but down around LA, TX, MS and AL...should be just fine.
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 7/21/15 at 10:42 am to
quote:

but down around LA, TX, MS and AL...should be just fine.


I disagree. I wouldn't go for just fine. It will also look extremely bad if he worked near Baton Rouge in the same time frame he got a degree from LSUS. That would throw up red flags for me if I was hiring.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75215 posts
Posted on 7/21/15 at 11:15 am to
Geez. Tough crowd here. It's an MBA at the end of the day for way less than the Flores program.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/22/15 at 6:52 am to
I assumed you were joking. I was just bringing it to the next level.

Getting an MBA from a directional school, or even worse a satellite campus, only makes sense if you are trying to check a box for government work. You would be a lot better off getting a fake degree for $100 and then just watching a bunch of online lectures from Ivy League schools.

Having a low quality MBA on your resume just tells me that you make bad decisions. I would be much more impressed if someone just listed the online Yale courses they watched.
Posted by sonicsam
Member since Oct 2012
318 posts
Posted on 7/22/15 at 12:13 pm to
After reading the comments, my take on the program differs from what I've read but I appreciate the difference in opinions. the LSUs ONLINE rout seems comical to me but to each his own.

I've tried researching where the Flores Program places it's graduate students after completion but I haven't been able to find anything. Any help?
Posted by sneakytiger
Member since Oct 2007
2473 posts
Posted on 7/22/15 at 12:42 pm to
As I recall from my time, about 10 years ago, maybe a third of the class ended up in an internal audit role at a public company or big 4 firm, the same role that the UNDEGRADS get going through the same program. Not sure if that's still the case these days.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1794 posts
Posted on 7/22/15 at 2:57 pm to
quote:

I've tried researching where the Flores Program places it's graduate students after completion but I haven't been able to find anything. Any help?


Flores PMBA grad here... a majority of my class from a few years ago were engineers at Exxon/BASF/Albemarle/(insert other large corp in BR) looking to eventually get into management. I'd say more than half of the class was there b/c their employer was footing the bill, which was the reason I pursued it as well.

I've been able to successfully leverage the degree, as I've worked in Management Consulting & Venture Capital over the last few years.

But understand, outside of Louisiana, no one is going to look at ANY degree from Louisiana with any sort of respect. Its a check in a box to say you have it, and LSU is the only academic institution known nationally in the state (besides maybe Tulane). Meaning, if your goal is to eventually move out of state and pursue a career where an MBA is a prerequisite, Flores is your only option (besides Tulane).

An MBA (especially online) from almost any other school in Louisiana is not going to give you any more opportunities for career advancement than a Bachelor's degree...it's not worth the money and you will never get the return you expect.
Posted by sonicsam
Member since Oct 2012
318 posts
Posted on 7/22/15 at 4:31 pm to
Thanks for the feedback. It's good to hear your take on it. Similar to yourself, I have thought long and hard about which specializations to choose from when I ultimately begin the program in August.

Quite Honestly, one of the reasons for me enrolling into the program is because I am unable to leverage my Bachelor's Degree (Sport Commerce) to the optimum level I would like. Frankly, it is simply not a widely respected degree and understandably so.

Finance (Venture Capitalism specifically ), Financial Planning, Internal Audit, and Management Consulting have all peaked my interest and I am eager to learn more about these fields before I commit to one (or two) specializations.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75215 posts
Posted on 7/22/15 at 9:10 pm to
quote:


Having a low quality MBA on your resume just tells me that you make bad decisions. I would be much more impressed if someone just listed the online Yale courses they watched.



Said no hiring manager, ever.
Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
22800 posts
Posted on 7/23/15 at 12:19 am to
quote:

I disagree. I wouldn't go for just fine. It will also look extremely bad if he worked near Baton Rouge in the same time frame he got a degree from LSUS. That would throw up red flags for me if I was hiring.


I don't see credibility being any higher with a distance learning program if it is the other way around either. Say the person lives in North LA and wants to do LSUS or LaTech. Why are taking online classes through LSU-BR so much better in that situation? I think it makes more since and comes across more credible for someone to do night/weekend/online classes at a nearby school while working full time. I am skeptical of the power of the name when it is obvious on the resume you did distance learning for an MBA across the state/region/country. Outside of some Ivy League degree I can't see anyone making huge differentiations as long as it came from an acredited program from a brick and mortar school.

Also I would think the people getting the most out of MBAs should be non business degreed professionals. Why would a company look down on someone who is just getting some exposure as an add on to their profession like any continuing ed coursework? I would also think anyone that is pursueing an MBA has legit work experience so the MBA is still an add on accomplishment way down the list. If the MBA is highlight of the resume then I think that is a bad sign.

I guess if you just have a business degree or some bull shite degree then getting a very prestegious MBA should be the goal. Are the prestegious programs even interested in that type of candidate without legit experience.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1794 posts
Posted on 7/23/15 at 8:33 am to
quote:

I would also think anyone that is pursuing an MBA has legit work experience so the MBA is still an add on accomplishment way down the list.


My opinion from what I've read on this board about pursuing MBAs is that most people who are creating threads on here do not fall into that category. They graduated from college, got a job, don't like it and think another degree is a way out. Seems like people believe an MBA will be some big career accelerator or shortcut, it's not.

Business graduate degrees are good for those who have identified that it's a direct barrier to a career advancement (you keep getting passed on promotions by others with advanced degrees), or if they have an opportunity for someone else (employer) to foot the bill.

Spending $40-$80+k and a couple years of your life to 'hopefully' open more doors is not exactly good decision making, financially or strategically.
Posted by sonicsam
Member since Oct 2012
318 posts
Posted on 7/23/15 at 9:14 am to
I don't think it's a question about being "Hopeful". MBA candidates through the various programs will ABSOLUTELY open more doors through class interaction, social gatherings, and recruitment events.
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