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MBA, MS Economics, PhD Economics programs at LSU

Posted on 11/13/18 at 2:00 pm
Posted by Will The Tiger
Member since Oct 2018
133 posts
Posted on 11/13/18 at 2:00 pm
I know people are primarily debating how statistically bad the offense is right now, but does anyone know if the MBA, MS Economics or PhD in Economics programs are good at LSU?

Are professors any good?

Rigor/Course load?

Just asking before I apply soon. I've gotten the feeling that LSU's admissions to their programs are on par with a lot of other graduate schools. However, admissions pompously thinks that their requirements are trending toward scholarly universities. (i.e. University of Michigan) Is it really that hard to get into? I mean cumulatively LSU requirements outline they require a 3.0 with a 300 GRE score. So why does admissions pompously suggests it takes a 4.0 to get in?
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 11/13/18 at 2:11 pm to
Typically, traditional PhD programs are very restricted in entry. It's partially about the metrics, but it's also about whether the prospective student is a good fit for the program. Many PhD programs off few un-funded spots...ie, they're only offering admission to as many students as can be supported by assistantships or fellowships. It's definitely not a "pay to play" environment at many Research I institutions. Your proposed area of research matters too--if the dept has NO faculty working in the proposed area, they may not admit you.

MBA and MS are different animals. MBA is very much pay to play: if you've got the scores, they're happy to take your money, or some other school with less rigor/less competitive admissions will be happy to take your money. MBAs are seriously devalued these days, so choose w/care.
Posted by Rendevoustavern
Member since May 2018
1548 posts
Posted on 11/13/18 at 5:06 pm to
LSU EMBA program here. Not sure about PhD programs but you still have to be a solid student to get into any of these programs. While I do agree on pay to play, that applies to Senior VP's or C-suites with companies that donate mad money to the program/TAF.

Of the 11 professors we had, one has a terrible teaching technique and with the content needed to know for the exams made it difficult. The others were spot on for with knowledge of the topics and ability to take the theory and put them into practice; discussions went far outside the classroom and into real work situations/problems.

Depending on your career path, MBA is better for a rounded knowledge of C-Suite/business.
If you want specific finance/econ sector knowledge, MS Economics would give you that.
If you want to be a professor of Economics at a top tier school then you'd need the PhD


FYI - a friend of mine went to Ross (UM) and said it was underwhelming compared to his Kellog, Wharton, Harvard co-workers. Also note - while the rankings are great, the LSU program has the exact same syllabus as the top tiered schools.
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12805 posts
Posted on 11/13/18 at 9:08 pm to
quote:

LSU requirements outline they require a 3.0 with a 300 GRE score


If those are the requirements for their MS or PhD program, you should take a hard pass. Econ PhD programs really want something in the 650-800 quant part of the GRE. A 3.0 is also really low, but most programs look at your major (assuming an Econ major) GPA and your last two years of undergrad.
Posted by lynxcat
Member since Jan 2008
24164 posts
Posted on 11/13/18 at 11:00 pm to
Elite MBA programs are about the brand and the network. There may be a slight delta in the teaching quality or the material covered but it’s not the difference in the value of the degree.
This post was edited on 11/13/18 at 11:02 pm
Posted by Will The Tiger
Member since Oct 2018
133 posts
Posted on 11/14/18 at 11:45 am to
Well, I graduated magna cum laude from my University and I'm taking the GRE in January. I'm looking for a program where I will receive funding. I really dislike the IVY league schools and they usually only accept .5% of their applicant pool.

quote:

Depending on your career path, MBA is better for a rounded knowledge of C-Suite/business.
If you want specific finance/econ sector knowledge, MS Economics would give you that.
If you want to be a professor of Economics at a top tier school then you'd need the PhD


What about Quantitative analysis? I usually see people who are model developers have a PhD in finance or economics. Thank you for your input.
Posted by lynxcat
Member since Jan 2008
24164 posts
Posted on 11/14/18 at 11:54 am to
quote:

What about Quantitative analysis? I usually see people who are model developers have a PhD in finance or economics. Thank you for your input.



Model developers of what? A PhD is a very different career route and training than an MBA.

What kind of Quant analysis? The skills in a MS Business Analytics program and a MS Finance program are very different but still 'quant'.
Posted by Will The Tiger
Member since Oct 2018
133 posts
Posted on 11/14/18 at 2:26 pm to
Quantitative analysis for finance: i.e developer of models for derivatives pricing
Posted by Rendevoustavern
Member since May 2018
1548 posts
Posted on 11/15/18 at 8:40 am to
Are you interested in LSU? If so I can give you the contact information to the director of the finance department or a few of the professors and bounce your ideas off them or just search what you are looking for and see what schools have these classes/courses.

To lynx's point, the network is what you looking for in an MBA program, sounds like that isn't what you want and something more specific to financial modeling. We went through a financial modeling course both in class and my company sent me to training with a company called Train the Street. The information learned was a great foundation on my current excel skills, enhanced them, and now work with some more advanced modeling techniques learned and developed through this class.

Might save you a few years and 100k in the process.
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