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Message
Justify LSU EMBA vs McNeese MBA
Posted on 6/22/11 at 12:04 pm
Posted on 6/22/11 at 12:04 pm
I an engineer for a company that offers 90% tuition reimbursement for continued education and I intend to enroll in MBA school this fall. With 4 years experience, I have been accepted to the LSU Executive program as well as McNeese. I have to justify the cost difference between LSU's program ($46,800) and McNeese (~$10,000). One argument is that I will be working with people of greater experience levels >10 yrs) than myself throughout this process. Any other ideas from people that have experience in this arena? What would you do?
Posted on 6/22/11 at 12:17 pm to flamot1
I justified going the EMBA route because the schedule of the EMBA didn't interfere with my work hours. Evening or day MBA hours just wont work for me or my employer.
The work experience/networking factor may not matter much to your employer IMHO.
I'm amazed how cheap McNeese is, the least expensive schools here in FL offering MBA's are still $25K or more.
The work experience/networking factor may not matter much to your employer IMHO.
I'm amazed how cheap McNeese is, the least expensive schools here in FL offering MBA's are still $25K or more.
This post was edited on 6/22/11 at 12:19 pm
Posted on 6/22/11 at 5:02 pm to flamot1
If you go to lsu, you won't have to put mcneese on your resume.
You are paying for networking and ranking.
You are paying for networking and ranking.
Posted on 6/22/11 at 6:26 pm to TheHiddenFlask
While I agree with your assessment lets not lose sight of the fact we're not exactly comparing Stanford and Wharton here. LSU barely cracks the Top 100 programs in the country. No condemnation, but it is what it is.
Just one man's opinion, but ranking means very little if its not a Top 20 B-School and depending on your industry the ranking may not matter at all. With all other things being equal I'm sure the OP will fair better with an MBA than without one, and one from McNeese will gain more favor than say the University of Phoenix. Its all relative as I see it..
Just one man's opinion, but ranking means very little if its not a Top 20 B-School and depending on your industry the ranking may not matter at all. With all other things being equal I'm sure the OP will fair better with an MBA than without one, and one from McNeese will gain more favor than say the University of Phoenix. Its all relative as I see it..
This post was edited on 6/22/11 at 7:03 pm
Posted on 6/22/11 at 6:46 pm to wiltznucs
And where is mcneese ranked?
Posted on 6/22/11 at 6:56 pm to TheHiddenFlask
quote:
And where is mcneese ranked?
The question isnt where McNeese is ranked, its whether or not having a ranked MBA even matters for the OP.
If this answer is not really, then he can save himself and his employer quite a bit of money.
Lets be truthful, the MBA is not as coveted as it once was and many employers could give a rip where you got your MBA from. LSU is far from the top and only a small slip from being unranked. If the OP is looking to get on at Wall St. perhaps he would do better choosing another school alltogether.
I work in healthcare and I interviewed and was accepted to a nationally ranked MBA program here in FL. Ultimately I turned it down to attend the USF MBA program which was closer to home and a lot cheaper. The reasoning? Your MBA choice doesnt matter in my industry and I will be paid just as much as a UF grad(and sadly just as much as a Phoenix)..
If the OP's situation is similar to mine and he will get paid the same whether he goes to McNeese or LSU its a no brainer to go to McNeese if his employer gives him flack about LSU's cost.
This post was edited on 6/22/11 at 7:08 pm
Posted on 6/22/11 at 8:44 pm to wiltznucs
quote:
Your MBA choice doesnt matter in my industry and I will be paid just as much as a UF grad(and sadly just as much as a Phoenix).
Who told you that?
Posted on 6/22/11 at 8:54 pm to lsu711
The people at his program. I am pretty critical of lsu's MBA program st times, but I csan guarantee our grads are better off than any other public MBA program in Louisiana.
Posted on 6/22/11 at 9:08 pm to TheHiddenFlask
Maybe at UF and USF, but that logic doesn't apply across the board. I just looked up the average starting salary in health care out of 2 schools: Kenan-Flagler was $97,493 and Kellogg was $129,400. Phoenix will not equal UF and McNeese will not equal LSU.
Posted on 6/23/11 at 7:14 am to lsu711
quote:
Who told you that?
I've witnessed this first hand. Perhaps theres local variations and perhaps comparing UF/USF and LSU/McNeese is a bit over the top. The point remains the same, it may not matter in the OP's industry and he may not actually aspire to management/leadership and could be doing an MBA for personal enrichment. It happens, I have several MD's in my class and they are getting their MBA's largely for the heck of it.
This post was edited on 6/23/11 at 7:20 am
Posted on 6/23/11 at 7:25 am to TheHiddenFlask
quote:
The people at his program. I am pretty critical of lsu's MBA program st times, but I csan guarantee our grads are better off than any other public MBA program in Louisiana.
Thats cool,.. I can understand an elitist attitude as you graduated from a program in the 55th percentile nationally and not even on the map globally. I too have been known to walk into bars and proudly proclaim that my penis is entirely average, so I can relate to your position.
We all have pride in our alma maters, but its time to take off the purple and gold colored glasses. I cant in good conscience tell this guy that taking on $30,000 in additional debt is justified without knowing there is a hard sure return on his investment. Only the OP can answer that question.
This post was edited on 6/23/11 at 7:38 am
Posted on 6/23/11 at 7:26 am to flamot1
I think it's a wash betwen the two. You're not exactly going to WOW somebody with an MBA from LSU. Really the value of your MBA depends mostly on what you are doing before you get the MBA. If your employer sees leadership skills in you and they're willing to invest in your education then it really doesn't matter where you go - LSU or McNeese. FWIW, I know the CFO at Motiva and he got his MBA from Nicholls St.
Posted on 6/23/11 at 7:39 am to Jason9782003
Thanks for the replies. I work in the chemical manufacturing industry, so the difference between schools may not be as big of a deal to current and potential employers. My attraction to the executive program is that I will be working with 20 or so experienced people from various industries for 18 months. At McNeese, I will be taking classes with different people with fewer years of experience, and, even after bypassing prerequisite calsses because of my business mino, it will take me over two years at 6 hrs/semester. I'm not quite sure how to quantify these differences.
Posted on 6/23/11 at 7:51 am to flamot1
quote:
My attraction to the executive program is that I will be working with 20 or so experienced people from various industries for 18 months.
This is the true value of the EMBA, I can honestly say its been a priveledge to work with some brilliant people.
Posted on 6/23/11 at 7:56 am to wiltznucs
Lol. I am glad they taught statistics at USF. Tanked 55th is not the same as in the 55th percentile. Keep telling yourself your MBA is just as good as one from UF, if it helps you sleep at night.
Posted on 6/23/11 at 8:06 am to TheHiddenFlask
Perhaps your MBA is more suspect, my math shows LSU ranked at #89 among some 200 programs nationally, hence at 55th percentile ranking. You can check my math again, if you'd like.
Thats okay though, the old saying is you shouldnt argue with idiots, they only drag you down to their level and then beat you with experience.
You win...
Before you go to far with your banter, please bear in mind that I attended LSU as well while an undergrad..
Thats okay though, the old saying is you shouldnt argue with idiots, they only drag you down to their level and then beat you with experience.
You win...
Before you go to far with your banter, please bear in mind that I attended LSU as well while an undergrad..
This post was edited on 6/23/11 at 8:19 am
Posted on 6/23/11 at 8:19 am to wiltznucs
Try 4000 programs and over 450 institutions.
But you know, some genius on the money talk board is probably more reputable than some accreditation board.
LINK /
You aren't even in the right galaxy to call me an idiot. Congrats on continuing the stereotype of people with crappy degrees having crappy intelligence.
But you know, some genius on the money talk board is probably more reputable than some accreditation board.
LINK /
You aren't even in the right galaxy to call me an idiot. Congrats on continuing the stereotype of people with crappy degrees having crappy intelligence.
Posted on 6/23/11 at 8:35 am to TheHiddenFlask
Your a fiesty fella. I do like that. When I was a twenty something I thought a lot like you..
Listen, you know nothing of me and based on the responses to this thread your kind of on an island here.
My crappy intelligence has lead me to a career with a nationally ranked academic medical center. My resume and CV speak for themselves. My research work has lead to advancements in the treatment of lymphoma, ovarian cancer, and motion disorders such as Parkinson's disease. My work with research Physicians has been published in several peer reviewed academic publications. I've been an invited speaker for industry thought leaders at a local, state, and national level.
What the hell have you done lately?
I guess I dont have to tell you my pay exceeded those ranges listed earlier before I entered my MBA program. Listen I appreciate a good natured ribbing as much as the next guy, but your degree of purple and gold narcissism is ridiculous. Get back to me when you get a little professional and life experience behind you and we'll compare notes.
This post was edited on 6/23/11 at 8:41 am
Posted on 6/23/11 at 8:48 am to wiltznucs
quote:
I cant in good conscience tell this guy that taking on $30,000 in additional debt is justified without knowing there is a hard sure return on his investment.
Comparing the returns on investment, which I suppose was the OP's original question, is a different animal. I was replying to the comment about post-MBA compensation in health care being the same across the board. Strictly looking at post-graduation compensation, on average, an LSU grad will make more money than a McNeese grad. Disregarding the educational value of both schools, employers recognize the LSU program is more competitive than McNeese. On average, smarter, more successful students with greater potential go to LSU. So knowingly or not, companies use the MBA admissions process to pre-screen job applicants. That said, I would think/hope the quality of the professors, the overall quality of the other students, facilities, etc. at LSU would far exceed that at McNeese. All of those factors would point to better developed graduates who demand higher compensation after graduation.
I couldn't say which degree would pay back quicker. For the average person, my guess is neither would pay back within 10 years. That would keep me from attending. The OP is talking about a difference of $4,000 out of pocket. LSU over McNeese for an extra $4,000 is a no brainer. Personally, my time is more valuable than a McNeese degree or an LSU EMBA. To get an LSU EMBA, you are talking about basically no free weekends for 17 straight months while working full time? I don't see how that is worth it.
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