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Value of Loyola MBA in Nola

Posted on 12/5/12 at 5:19 pm
Posted by Smalls
Southern California
Member since Jul 2009
10245 posts
Posted on 12/5/12 at 5:19 pm
Obviously, an MBA from Tulane is tops, however, for a person living and working in New Orleans, does a Loyola MBA carry any weight, or is it a waste of 40k?

I'm assuming the following...

Tulane>Loyola>UNO>Nothing

Are these assumptions accurate? I'm in banking, FWIW.

TIA
Posted by Bob Sacamano
Houston, TX
Member since Oct 2008
5276 posts
Posted on 12/5/12 at 8:10 pm to
Probably does ok but if you can get into TU, do it. TU has a much better B-school, IMO.


Disclosure: Im biased to TU because I went there for my undergrad.
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 12/5/12 at 9:06 pm to
40k sounds like a complete waste of money unless it is from a top school... But I hire engineers, not MBA's, so what do i know?

If your company is paying for most of it and you will take it seriously, then it won't hurt.
Posted by Smalls
Southern California
Member since Jul 2009
10245 posts
Posted on 12/5/12 at 9:29 pm to
Well, an MBA is definitely in the cards, and I'm debating moving to the city...so I've started the research process and decided to see what the MT had to say.

I guess what I'm getting at is whether or not the 60k difference between Tulane and Loyola is worth it or not, if one was planning on staying in NOLA long term.
This post was edited on 12/5/12 at 9:30 pm
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
765 posts
Posted on 12/5/12 at 10:26 pm to
quote:

40k sounds like a complete waste of money unless it is from a top school


This is what I hear all the time from people giving advice on where to get an MBA. I think it all depends on your field and what your goals are. I'm in engineering, and from what I've seen, the most important thing is not where you got your MBA from. More times than not, you will not be competing with someone with an MBA from a top 10 school. But in other fields where you will be competing with people with MBA's from top schools, I could see it being important.

But personally, I have seen engineers and project managers take big promotions (management) with online MBA's and one had an MBA from UNO.
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 12/5/12 at 11:14 pm to
quote:

But personally, I have seen engineers and project managers take big promotions (management) with online MBA's and one had an MBA from UNO.

The ranks of the movers and shakers in New Orleans are filled with UNO grads. They've got a rep for turning out people who get things done.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 12/6/12 at 6:58 am to
I would never think that a Loyola MBA was worth that. It just screams "I didn't get into Tulane, but I wanted to spend a boatload of money".

Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8960 posts
Posted on 12/6/12 at 7:43 am to
quote:

or is it a waste of 40k?


I did an EMBA which cost me about $40K. A traditional MBA from the same school would have cost me about $25K. When I considered that I would reduce my own income by going part time to attend grad school it actually made sense to spend the additional money on the EMBA tuition. In the end I got what I'd argue was a better education and more connections via the EMBA and the income I earned during the program offset any additional premiums.

Just something to think about...
Posted by TheWiz
Third World, LA
Member since Aug 2007
11665 posts
Posted on 12/6/12 at 8:08 am to
I just got my MBA from UNO. I did the executive program. Every other weekend, and it's only 18 months. It was $31k. I feel like the program was done very well, and just like any school setting, you get what you put into it.
Posted by Smalls
Southern California
Member since Jul 2009
10245 posts
Posted on 12/6/12 at 9:52 am to
So really, at this point it sounds like if I didn't get into/couldn't afford TU, I should just go to UNO. I was worried it wouldn't be taken seriously -- but if I'm working just in the city anyway -- I guess UNO would be reasonable.
This post was edited on 12/6/12 at 10:18 am
Posted by AngryBeavers
Member since Jun 2012
4554 posts
Posted on 12/6/12 at 10:51 am to
If LSU has a weekend program I would do that before going to UNO anyday. Even Southeastern I would think is better than UNO.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11665 posts
Posted on 12/6/12 at 11:14 am to
I think UNO's business programs are the only thing that they really have going for themselves. I've never heard much about SLU being a highly regarded program.
Posted by barry
Location, Location, Location
Member since Aug 2006
50336 posts
Posted on 12/6/12 at 2:51 pm to
quote:

Smalls


undergrad and post MBA ambitions?
Posted by Smalls
Southern California
Member since Jul 2009
10245 posts
Posted on 12/6/12 at 3:50 pm to
Finance. Career ambitions? US Senator. At some point, maybe . As far as the 9-5, ultimately I'd like to be CEO of a $5-15 Billion bank.

Posted by barry
Location, Location, Location
Member since Aug 2006
50336 posts
Posted on 12/6/12 at 3:53 pm to
quote:

As far as the 9-5, ultimately I'd like to be CEO of a $5-15 Billion bank.


See if you can get in touch with some high level people at banks and ask for career advice. 1) People looooove to talk about themselvs and 2) When you are not asking for a job or anything but advice people aren't as defensive or cynical.
Posted by jrrbhol
Member since Dec 2012
1 post
Posted on 1/6/13 at 10:29 pm to
Hi All: I finished the Loyola MBA program at the end of last summer and it has been great for my career. I definitely think it is a great value for the cost. Tulane has a great reputation and education but priced on the higher end. If Tulane is a good fit, go for it.

I find that many Loyola MBA alums are in fairly prestigious positions in the NOLA area, President of the Saints in addition to many, many VPs for the big banks and insurance firms. On the other side, once I finished my degree, I accepted a position at a consulting firm in the Mid-Atlantic and I feel that I've attained a great education relative to my peers.

The new MBA director has greatly changed the aim of the degree from about 5 years ago so I would recommend going to an open house before anything else.

I hope that helps.

cheers.
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