A growing number of companies are creating in-house MBA programs as MBA’s aren’t keeping pace

[ogc163]

I thought that MBAs were worthless without job experience. I don’t know anyone with an MBA who didn’t work 3-5 years before getting one.

Did you have a lot of JD/MBA's at your school? My Anti-Trust professor (he taught a lot of the biz courses) told us an MBA was useless if you were already in law school and we could learn 80% of what's needed on the finance side inside the law school. Jokers who had already paid that Biz school tuition were visibly tight

 

[No1]

Did you have a lot of JD/MBA's at your school? My Anti-Trust professor (he taught a lot of the biz courses) told us an MBA was useless if you were already in law school and we could learn 80% of what's needed on the finance side inside the law school. Jokers who had already paid that Biz school tuition were visibly tight

Lmao. Nah, I just used to study in the b-school a lot. But I definitely know people with both and one who actually quit law to go get his MBA.

 

[Godless Socialist CEO]

MBA’s aren’t keeping pace because school is too fukking expensive that’s why I never got one

 

[MoneyTron]

MBAs are trash as far as academic content. Jack of all trades degree. If you're doing it to learn, get an MS in Finance or Accounting or Marketing... Or take some online classes instead.

The main point of a MBA is to network, and unless you're getting it at a top 10 program, it ain't worth it... And the network is clustered in finance/banking, so what's the point if you're not into that?

 

[Conan]

I feel your intent but I would say that my MBA is worth it. It is specialized for healthcare management and I actually had to learn something during it with all that damn writing, lol. My undergrads are accounting and marketing. I'm a controller for a healthcare company. My career path makes sense.

I feel this with myself and if I allow myself to become somewhat presumptuous in my thoughts, my supervisor, the CFO, is leaving in a few years. Let's pretend that I get that role, the staff below me has a steep drop off. I like my staff as far as individuals, not so much to bump them up a notch in the event that my thoughts become reality. I'm trying to cultivate talent but I can't want it more than others.

Fair enough.

Aren't you trying to get one?

To be fair, I used a lot of broad strokes. I can admit there are several targeted situations where getting an MBA firmly places you ahead in your career. If you do the math and it works out for you, go for it, and best wishes. I'm challenging the default narrative that it's the obvious degree to get to pad your resume...

 

[Serious]

i took some of the business classes at ASU and i was shocked at just how bad some are. some were actually great, but some were just cacs complaining about obama, taxes or china.

 

[greenvale]

I used to work at EY that Hult MBA partnership they have is trash. There isn't a real curriculum, and the coursework is primarily simple ass web based learnings similar to the compliance ones companys make you do.

 

[phcitywarrior]

Fair enough on consulting, forgot about that. Don't know enough about marketing but I'll take your word for that

Top 30? Anything below top 10-15 I wouldn't do without being sponsored by someone...

MBA's really should be focused on Top 15 tbh, 15-30 unless you want to be in a niche market or you're getting someone to pay for it. Outside Top 30, you really should be looking for an employer to pay for it.

At this point, a top MBA is primarily to:

1. Switch industries / break into industries that only recruit at the MBA level

2. Expand your network

3. Put a “floor” on your future salary earnings.

 

[chineebai]

There aren't a ton of jobs, even at the exec level where they specifically require an MBA. I've also known a few MBAs and they're average as fukk. Unless you're going to Harvard or Wharton, I don't see a point in an MBA. If you want to network, just go to industry events, add people on linkedin, message them, don't be afraid to ask for stuff.

 

[Conan]

MBA's really should be focused on Top 15 tbh, 15-30 unless you want to be in a niche market or you're getting someone to pay for it. Outside Top 30, you really should be looking for an employer to pay for it.

At this point, a top MBA is primarily to:

1. Switch industries / break into industries that only recruit at the MBA level

2. Expand your network

3. Put a “floor” on your future salary earnings.

Agreed.

Regarding 3, you want to make sure that bump in salary floor is worth more than the loan you'll be taking out for the MBA, plus lost earnings during the program, plus what you'd make in the long run without it. The ROI is clearly positive for Wharton, Harvard caliber programs.

 

[NZA]

i took one of these classes at ASU's WP Carey school of business and it was in a huge room with at least 100 students. i was one of only a handful of black students and this old guest speaker came in and spent his time complaining about democrats. at one point he looked me in my eye and said "that Obama...there is something devious about him...". and for that whole semester the class wasnt any more substantive than that.

their marketing classes were really good, though.


EDIT: i forgot to add that he also said how great "the black economist" thomas sowell was.

 

[MoneyTron]

Agreed.

Regarding 3, you want to make sure that bump in salary floor is worth more than the loan you'll be taking out for the MBA, plus lost earnings during the program, plus what you'd make in the long run without it. The ROI is clearly positive for Wharton, Harvard caliber programs.

The ROI is positive for most of the top 30. My school is usually ranked in the low 20's and I believe most grads are averaging $120K+ right out of school.

I'm going part-time so I don't have to worry about the salary loss.

Every class hasn't been super informative, but I've been exposed to a good amount of things and people I wouldn't have had the opportunity to otherwise. Their career services platform is one of the best in the nation as well. If you're looking to pivot like me, that's worth the money if it can get you closer to the job you want.

 

[dora_da_destroyer]

I have an MBA, but, academically speaking, if there ever was a finesse advance degree, it's a MBA degree.

ehh, i agree partially. there should only be ~50 FT accredited MBA programs, and quite honestly, after the top 30, it's all diminishing returns. anything else surrounding being better in a particular business function/skill or displaying higher competency should come from

1. experience & mentorship and the ability to take on that new subject via projects at work
2. one-off courses and certificates that are paid for via annual L&D stipends

The ROI aint there for the vast majority of MBA programs - if you aint in the top ~30 schools, you better have a full scholly or a company footing the bill


law school is a finesse too outside of the top ~30, but given you need a law degree to practice law, i guess. but people taking on 120-200k in debt for 3 yrs at a school that gets them a 70-80k legal job

MBA's really should be focused on Top 15 tbh, 15-30 unless you want to be in a niche market or you're getting someone to pay for it. Outside Top 30, you really should be looking for an employer to pay for it.

At this point, a top MBA is primarily to:

1. Switch industries / break into industries that only recruit at the MBA level

2. Expand your network

3. Put a “floor” on your future salary earnings.

 

[dora_da_destroyer]

My problem is they train MBAs for senior roles they may get in 10-15 years. So when these kids are coming out of school, they have this arrogant attitude like they know it all when they really don’t know shyt.

The Exec MBA is the one I see with direct correlation to what a person is doing. That’s where I think you gain the most value.

Plus an MBA from a top school is just another check box to advance your career. It’s nowhere as academically rigorous as Law or Medicine.

it's not supposed to be

top schools - whether elite UG programs, elite private high schools, or elite grad programs are all about the network you develop and access to elite/top employment opportunities (no guarantee to land one, but you have access). the ROI is there, you get tracked into the best & highest paying companies and fields and even being a mediocre employee, once you get the branding of something like a HBS MBA paired with 2 years at MBB, GS/MS/CS, Google/FB/Apple/Hot startup x...your career trajectory and earning potential is set barring you deciding to opt out of that path

 

[EndDomination]

I took a couple of MBA classes, and they were pure GPA padding.
I'm not sure what skills people actually gain in MBA programs. Just money spent and the easiest transition to a higher paying job in iBanking, HF management, management consulting, or BigLaw