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re: Are online for-profit ‘colleges’ devaluing the MBA?

Posted on 5/14/18 at 3:39 pm to
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 5/14/18 at 3:39 pm to
quote:

And thanks to SJW's a traditional brick & mortar degree loses more value every day.




No
Posted by Azazello
Member since Sep 2011
3232 posts
Posted on 5/14/18 at 3:40 pm to
quote:

An MBA is now worthless. Basically you pay money, spend a little time and presto chango you have an MBA. It's a joke.


This is retarded.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
71199 posts
Posted on 5/14/18 at 3:41 pm to
yes
Posted by UGATiger26
Jacksonville, FL
Member since Dec 2009
9128 posts
Posted on 5/14/18 at 3:42 pm to
quote:

An MBA is now worthless. Basically you pay money, spend a little time and presto chango you have an MBA. It's a joke.


You could replace "MBA" with the vast majority of degrees, and this sentence would hold true.

Unfortunately, higher education in this country is no longer a pursuit of knowledge. It's a consumer product that is paid for.
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 5/14/18 at 3:43 pm to
quote:

I'd assume he's asking if it would even be worth the time (at least several hours a week for a year or two, I'd assume) to get it. Valid question IMO. He may have better things to do with his free time.


Yeah, he has to weigh the value of his time.
Posted by dat yat
Chef Pass
Member since Jun 2011
5044 posts
Posted on 5/14/18 at 3:43 pm to
quote:

My company (large healthcare insurer) is partering with an online university to offer qualifying employees the opportunity to earn an MBA with a healthcare related focus for free.


Don't look a gift horse in the mouth.

Posted by UGATiger26
Jacksonville, FL
Member since Dec 2009
9128 posts
Posted on 5/14/18 at 3:45 pm to
quote:

This is retarded.


While it's definitely hyperbolic (I would disagree that an MBA is "worthless"), it's not altogether untrue.

Wait 20 years. Barring some sort of higher ed revolution in the U.S., I gauran-damn-tee you that nearly every other slapdick applicant for an entry-level sales job will have an MBA.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 5/14/18 at 3:46 pm to
quote:

Unfortunately, higher education in this country is no longer a pursuit of knowledge. It's a consumer product that is paid for.



Correct. My generation was sold on a college degree being the only objective and greedy fricks took advantage of it.
Posted by Packer
IE, California
Member since May 2017
8699 posts
Posted on 5/14/18 at 3:46 pm to
Do you plan on staying with your company for a long time?

If you chose to leave the company, will the degree be worth more than the paper it is printed on?


If your answer is "yes" to either one, get the MBA.
Posted by Azazello
Member since Sep 2011
3232 posts
Posted on 5/14/18 at 3:48 pm to
I agree with you, but the value of an MBA from a top program isn’t depreciating.

I believe there will be a correction similar to what law schools went through over the last decade.

Posted by lynxcat
Member since Jan 2008
25335 posts
Posted on 5/14/18 at 3:52 pm to
It is possible for a terminal graduate degree to become more of a hindrance than a benefit depending on where the person went for undergrad.

As in, someone could be better off getting the for-profit MBA to gain the knowledge he/she seeks, yet keep it off his/her resume.

If someone goes to a well respected undergrad and then goes to the University of Phoenix for his/her MBA, then it is going to raise some eyebrows. In a large corporation, the person may be better off only listing the undergraduate degree.

FWIW, high-ranked MBA programs are still worth it in the vast majority of cases.

Having just finished my MBA (graduate this week), I didn't learn much relative to what I covered in undergrad. The people who really move the needle educationally are those coming into a MBA without a business background. The engineers are the ones who come out of a MBA program with the greatest improvement...rounding out a quantitative skill set and applying it in a business setting is a strong candidate profile.
Posted by el Gaucho
He/They
Member since Dec 2010
60152 posts
Posted on 5/14/18 at 3:54 pm to
These kids that can sit in class all day and get their mba devalue the degree. Until you hustle Primerica all day and take a rigorous online mba program like u of p at night while balancing hanging with your boys and shite you don’t know shite about business
Posted by slackster
Houston
Member since Mar 2009
91874 posts
Posted on 5/14/18 at 3:57 pm to
quote:

I agree with you, but the value of an MBA from a top program isn’t depreciating. I believe there will be a correction similar to what law schools went through over the last decade.


Yeah, but the candidates for top MBA programs are a different breed altogether.

Also, all of the studies compare MBAs to those without an MBA, but that's a poor control group. A person who obtains an MBA is likely more motivated than the typical graduate, and there is no way to know if their future earnings are due to the MBA or their general work ethic.

It's my opinion that typical traditional programs are useful for the contacts and networking, but the actual degree is relatively unnecessary.
Posted by terriblegreen
Spokane, LA
Member since Aug 2011
12458 posts
Posted on 5/14/18 at 3:59 pm to
I got one online and the military paid for it. It took 2 years. I realize it is not the equivalent of a brick and mortar MBA, but for me it was absolutely worth the time. It’s a pain in the butt for two years but when it’s over, it’s worth it.
Posted by Azazello
Member since Sep 2011
3232 posts
Posted on 5/14/18 at 4:03 pm to
quote:

It's my opinion that typical traditional programs are useful for the contacts and networking, but the actual degree is relatively unnecessary.


Ultimately depends on the person’s background. I did poli sci undergrad, a tour in the USMC, and wanted to go into banking so b-school was an absolute requirement.

I get a lot out of the classes but I am with you, a lot of my friends from more traditional backgrounds are cruising.
Posted by GeauxDoc
Highland Road
Member since Sep 2010
2827 posts
Posted on 5/14/18 at 4:05 pm to
No downside to the free education...do it.
Posted by Nawlens Gator
louisiana
Member since Sep 2005
5963 posts
Posted on 5/14/18 at 4:09 pm to

There's no downside, and your free time is probably worthless anyway.

Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 5/14/18 at 4:10 pm to
quote:

Will your company offer a raise after you get your MBA? Even if they don't, it would probably be worth your time just for your resume.


Yeah...I’m not sure it would really help me at my current employer. I’ve been working in my field for over 10 years, so I’m in pretty good standing.

If there was a 20% pay bump waiting, I’d be all over it.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 5/14/18 at 4:10 pm to
It’s not Devry.
Posted by lsu1919
Member since May 2017
3244 posts
Posted on 5/14/18 at 4:24 pm to
quote:

My company (large healthcare insurer) is partering with an online university to offer qualifying employees the opportunity to earn an MBA with a healthcare related focus for free.

I see these online MBA offerings everywhere - and would never pay out of pocket for one of their degrees - but I’m wondering if this would be worth my time.



Your company obviously sees something of value in it.

There's a large hospital in BR that did the same thing when they required all of their nurses to be BN or whatever they were requiring.

Every one discounts online universities but I seriously doubt a state school provides any better of an education.

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