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re: Is an MBA worth it

Posted on 3/16/16 at 9:11 pm to
Posted by DrSteveBrule
Baton Rouge
Member since Sep 2009
12546 posts
Posted on 3/16/16 at 9:11 pm to
quote:

I got mine from university of phoenix over the weekend and I've already moved to dallas


yeah but have you become an astronaut yet?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78672 posts
Posted on 3/16/16 at 9:13 pm to
Black-Scholes Model
WACC
Empirical data
LIFO vs FIFO
Unlevered vs levered beta
Posted by DeathValley85
Member since May 2011
19374 posts
Posted on 3/16/16 at 9:18 pm to
quote:

Unlevered vs levered beta


sounds beta
Posted by Hester Carries
Member since Sep 2012
25916 posts
Posted on 3/16/16 at 9:18 pm to
I have an MBA. Ive learned 150X more at my job than I did in school. BUT I wouldnt even have gotten an interview for the job that I have had I not gotten that MBA. So it was worth it.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8720 posts
Posted on 3/16/16 at 9:21 pm to
quote:

You are at Kellogg? The opportunities are out there and they aren't necessarily McKinsey, BCG, KKR, Carlyle, Goldman, etc. Supply/demand principles apply to those jobs.


I am. I've done a bit of consulting but am not sure I want to do the whole MBB thing. Early stage product development and/or consulting mix (think Ideo) would be sweet, but I know those companies are difficult to get a foot in the door, even at Kellogg.

I'll probably just become a Viking and conquer and pillage for my wealth.
This post was edited on 3/16/16 at 10:28 pm
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8720 posts
Posted on 3/16/16 at 9:24 pm to
quote:

Top 5? shite, Top 20 to maybe Top 30


Top 15 - go for sure

Top 25 - probably, though if it will cause severe financial difficulty, I'd think twice

Outside of that - have your employer or the government or scholarships pay for it

OCR and networking are the real value you get out of a good MBA. You can also learn a lot if you put the time into the academics.
Posted by lsuhunt555
Teakwood Village Breh
Member since Nov 2008
39043 posts
Posted on 3/16/16 at 9:28 pm to
I've debated this recently. I'm almost 10 years removed from a bachelors degree. I run my families business but with the recent economic downturns affecting people I know, it's made me wonder how valuable I would be outside of my small world. I've started doing research on the LSU online MBA. Anyone have any insight?
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 3/16/16 at 9:38 pm to
quote:

You are at Kellogg? The opportunities are out there and they aren't necessarily McKinsey, BCG, KKR, Carlyle, Goldman, etc. Supply/demand principles apply to those jobs.

Mind if i ask what your gmat was and if you could give me a background of your application. Hope to be in a similar situation 6-7 years from now
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84835 posts
Posted on 3/16/16 at 9:38 pm to
quote:

Eh, I thought about saying Top 10....but you may be right


Yeah, I mean you have Darden, Fuqua, Johnson, McCombs, Owen, Tepper all outside the Top 10, and I would take those schools in a heartbeat.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84835 posts
Posted on 3/16/16 at 9:39 pm to
Dude scored a 770
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 3/16/16 at 9:56 pm to
quote:

f it turns you into a douche who uses buzzwords constantly like it's your job?


You sound jelly of his top flight education.
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8720 posts
Posted on 3/16/16 at 10:06 pm to
quote:

Mind if i ask what your gmat was and if you could give me a background of your application. Hope to be in a similar situation 6-7 years from now


Not lsu711, but I fortunate enough to get into both Booth and Kellogg. Here is what I applied with:

Undergrad at a top 20 university (science major with a not very good GPA)
Four years as a military officer
Two and a half years in management consulting
740 GMAT

I got to know the application process pretty well. If you have a 700+ GMAT with 4 - 7 years of reputable work experience, then you'll be starting in a decent position. Fields like engineering, investment banking and asset management, consulting, military, marketing, tech, and consumer products get the benefit of the doubt, but the top tier schools have pretty diverse classes professionally. It helps if you have significant community involvement as well. Make sure you visit the schools and make it crystal clear that you're interested and not applying on a whim.

If you are able to get somewhere in the ballpark (say, 680+ GMAT with really good work experience), then it really comes down to your essays and interviews. It is not like undergrad - they are extremely important and make/break a lot of decisions. They really want to know what you can bring to the school, not just what you'll get out of it. What can you offer the school that no one else can? It sounds cheesy and cliche, but it is how they look at things. The top tier schools will de facto cap the numbers they want from each of the big feeder industries (banking, consulting, tech, military, etc.) because they want diversity of experience in the student body.
This post was edited on 3/16/16 at 10:10 pm
Posted by lynxcat
Member since Jan 2008
25333 posts
Posted on 3/16/16 at 10:22 pm to
This guy gets it. I've been admitted to McCombs and will start this fall.

My colleagues went to Kellogg and Booth. When did you graduate? You may know each other. They all came from McKinsey or BCG.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84835 posts
Posted on 3/16/16 at 10:36 pm to
Congratulations!
Posted by tigerbait2010
PNW
Member since May 2006
33832 posts
Posted on 3/16/16 at 10:39 pm to
quote:

Dude scored a 770



That's probably the score I'll need to offset my gpa


I have a lot of friends that got into good law schools with pretty mediocre gpa's. I don't know definitively, but it sounds like an excellent entrance exam score can offset a bad gpa (at least I'm banking on that)
This post was edited on 3/16/16 at 10:40 pm
Posted by GreatLakesTiger24
Member since May 2012
61567 posts
Posted on 3/16/16 at 10:43 pm to
I hope not because I don't want to get one.
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 3/16/16 at 10:45 pm to
quote:

Undergrad at a top 20 university (science major with a not very good GPA)
Four years as a military officer
Two and a half years in management consulting
740 GMAT


STEM major with 3ish gpa
Hope to do something similar in the military

Do you think the two and half years in management consulting is necessary for applying?
Ideally my plan was to get out of the military,do well on the GMAT then immediately try to get into a MBA program.

2 extra years of work experience would push me to the 30-32 age which may negatively effect my application

Also would love to get into either of those schools
Posted by bigblake
Member since Jun 2011
2622 posts
Posted on 3/16/16 at 10:48 pm to
(no message)
This post was edited on 5/30/16 at 7:40 pm
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 3/16/16 at 10:50 pm to
My older brother is a CPA and has an MBA. In his field, it's pretty damn important if you work in the corporate world.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84835 posts
Posted on 3/16/16 at 10:51 pm to
quote:

It's say a definite yes for top 20, and even most from 20-30. Outside of top 30, I'd say you can still get your MBA but don't worry about rankings. Just look at what's cheap and convenient for you (and not for-profit


Agreed
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