CFA vs basic MBA.
I must apologizes in beforehand. I know this subject is probably discussed thoroughly.
But I’d like to hear fellow AF’s opinions regarding CFA and basic MBA. And with basic MBA, I mean MBA from a basic school (not IVY or top-notch European schools like HEC, LSE, ESSEC or INSEAD etc).
I feel as MBA is becoming more and more watered down when it comes to quality of education (and so it CFA by the sheer number of candidates earning the charter every year btw). MBAs are just everywhere nowadays and it’s hard to tell if the person actually has a real MBA or “MBA” and how much they actually know about business or finance. This past month I met with Swedish “MBA” who wasn’t able to tell the difference between floating-rate and fixed-rate debt…it was rather shocking.
So my questions is directed to AFers in managing/hiring positions…is MBA still respected? Do employers look deeply into the potential employees educational background in order to determine whether they are competent or not? What do employers think when they see that the applicant has a MBA from a never-heard-of school?
It ain't what you don't know that gets you in trouble. It's what you know for sure that just ain't so.