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re: How prestigious do you view an MBA to be?
Posted on 1/23/17 at 3:48 pm to TDcline
Posted on 1/23/17 at 3:48 pm to TDcline
quote:
lost out on a promotion in my previous company to a guy who was a moron... but he had an MBA with TAMU
That's networking, not the prestige of the degree.
This post was edited on 1/23/17 at 3:49 pm
0
Posted on 1/23/17 at 3:49 pm to JoePepitone
I don't consider an MBA to be noteworthy unless it is from a prestigious school.
Posted on 1/23/17 at 3:51 pm to TDcline
Definitely not on par.
I have several employees who have MBAs. Apparently it just proves you're good at taking a beating and writing a lot of papers. They're smart people. I just get the impression they had to work so hard on the MBA they didn't truly retain any of it.
I have several employees who have MBAs. Apparently it just proves you're good at taking a beating and writing a lot of papers. They're smart people. I just get the impression they had to work so hard on the MBA they didn't truly retain any of it.
Posted on 1/23/17 at 3:58 pm to T Blair
Kind of curious what level everyone who is saying things like this is.
I'm guessing a lot of Oil & Gas mid-managers.
I'm guessing a lot of Oil & Gas mid-managers.
Posted on 1/23/17 at 4:02 pm to BeerMoney
While I agree that an MBA from a prestigious school opens quite a few doors, I don't really understand what new value you now have as an employee. If you're smart enough to get accepted into Harvard Business School for your MBA, surely you can put those two years into a specific company and prove your value without the hefty bill that comes along with the MBA. The only significant benefit I see - outside of simply networking with other smart and often wealthy people - is the portability the MBA has.
In other words, I don't understand why a business would pay for you to get an MBA. It seems like a high risk, low reward move for a company.
Perhaps my misunderstanding of the value is why I didn't get into any MBA programs.
In other words, I don't understand why a business would pay for you to get an MBA. It seems like a high risk, low reward move for a company.
Perhaps my misunderstanding of the value is why I didn't get into any MBA programs.
Posted on 1/23/17 at 4:08 pm to TDcline
I'm a firm believer that all education is bullshite, but between the three I'd go engineering. At least you wouldn't have to lie to your kids when they ask what you do.
Posted on 1/23/17 at 4:16 pm to slackster
It's best if you can get your company to pay for some of it while gaining real experience.
Paying for a garden variety MBA on your own dime, and dedicating 1 or 2 years of your life for it... often not the best decision. (this doesn't even take into account any loans, etc.)
Paying for a garden variety MBA on your own dime, and dedicating 1 or 2 years of your life for it... often not the best decision. (this doesn't even take into account any loans, etc.)
This post was edited on 1/23/17 at 4:19 pm
Posted on 1/23/17 at 4:20 pm to TDcline
quote:
On par with law school or engineering?
As someone who will be in law school next fall, it is hard for me to speak to the prestige of an MBA. I hear of a lot more people who go for an MBA than a JD, but I think more people go into business than into law, so that makes sense.
Posted on 1/23/17 at 4:22 pm to slackster
quote:
Are you saying the law degree is more prestigious? Or the MBA?
I don't know about prestige but comparing law school to an MBA is laughable. The work needed to complete law school and get a license is tremendously harder.
Posted on 1/23/17 at 6:16 pm to slackster
Honestly, for young people that want to get an MBA this is the path:
Graduate undergrad, work your butt off for 4-6 years at a large company, network, and do some resume building volunteer work, or teach for 3-4 years in the hood. Pay off your undergrad loans, and then apply to an Ivy or other top 20 business school. Get accepted, move to said city with school, end up with $120K in student loans but graduate with top 20 MBA. Take summer after graduation to backpack in Asia, South America, or if your adventurous Africa and Asia, then start 200K min guaranteed job. I know not everyone is smart enough and ambitious enough to pull this off. And kids, family, relationships can make this hard. But if you can this is the way to go.
Graduate undergrad, work your butt off for 4-6 years at a large company, network, and do some resume building volunteer work, or teach for 3-4 years in the hood. Pay off your undergrad loans, and then apply to an Ivy or other top 20 business school. Get accepted, move to said city with school, end up with $120K in student loans but graduate with top 20 MBA. Take summer after graduation to backpack in Asia, South America, or if your adventurous Africa and Asia, then start 200K min guaranteed job. I know not everyone is smart enough and ambitious enough to pull this off. And kids, family, relationships can make this hard. But if you can this is the way to go.
Posted on 1/23/17 at 6:44 pm to AUCE05
quote:
An engineer with an MBA is a deadly combo for career direction.
I have an EE degree from LSU and an MBA from SMU and I agree with this statement.
It opened the door with my current employer as they targeted MBAs from SMU. It also put me on an accelerated promotional track and bumped up my base starting salary as well.
For me, while I like engineering, at my first job I was responsible for a subcontractor that was actually doing all of the design, so I wasn't the geek in the cave with the calculator. I just needed to understand what they were doing so that I could manage them. I realized I like that position a lot better, and then after obtaining my MBA, I found that it helps you transition from a technical role into a business role as you move up the corporate ladder.
Of course, the quality of the MBA varies depending on where you go, but I would recommend any engineer pursuing one after 2-3 years in their first job.
Posted on 1/23/17 at 6:44 pm to Bottom9
quote:
Not as good as a CPA
But then you have to be a cpa
Posted on 1/23/17 at 7:04 pm to TDcline
Median income at some MBA programs:
1. Harvard - 132k
2. Stanford - 133k
3. Booth - 124k
4. Wharton - 127k
5. Kellogg - 122k
10. Columbia - 128k
11. Darden - 120k
12. Fuqua - 119k
15. Anderson - 114k
16. McCombs - 114k
20. Stern - 115k
22. Owen - 108k
25. Jones - 111k
I'd say it's worth it if you're going to a top 30ish school.
1. Harvard - 132k
2. Stanford - 133k
3. Booth - 124k
4. Wharton - 127k
5. Kellogg - 122k
10. Columbia - 128k
11. Darden - 120k
12. Fuqua - 119k
15. Anderson - 114k
16. McCombs - 114k
20. Stern - 115k
22. Owen - 108k
25. Jones - 111k
I'd say it's worth it if you're going to a top 30ish school.
Posted on 1/23/17 at 7:06 pm to slackster
quote:
The only significant benefit I see - outside of simply networking with other smart and often wealthy people
Well the network is the major benefit
Having a top school on your resume gets you interviews - simple as that.
Posted on 1/23/17 at 7:07 pm to TDcline
I view it well every two weeks when my sammich maker gets her check.
Posted on 1/23/17 at 7:19 pm to Azazello
A little more info, some of those top MBAs cost $100k +
So be prepared to go into some debt.
For instance Booth is $165k for two years.
So be prepared to go into some debt.
For instance Booth is $165k for two years.
Posted on 1/23/17 at 7:22 pm to Azazello
quote:that's it? damn
1. Harvard - 132k
Posted on 1/23/17 at 7:22 pm to Azazello
quote:
Well the network is the major benefit
Having a top school on your resume gets you interviews - simple a
Surely a bunch of smart people can hire other smart people without needing to pay $120k+ for the MBA though.
Posted on 1/23/17 at 7:24 pm to TDcline
MBA is greater than law school but less than engineering.
This post was edited on 1/24/17 at 4:03 pm
Posted on 1/23/17 at 7:38 pm to TDcline
Depends where you get it. Not all MBAs are created equal. I work with a Florida State MBA that is one of the dumbest people I have to interact with.
Having said that, my cousin has an Ivy League MBA. He said it was infinitely easier than his engineering undergrad. Expensive and a massive time commitment.
Having said that, my cousin has an Ivy League MBA. He said it was infinitely easier than his engineering undergrad. Expensive and a massive time commitment.
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