I heard many top schools 2009 graduates are still looking. And even in good time, for a lot of them, their first one or two jobs are the best they ever had. I am seriously questioning if MBA is still worthwhile.
of course it is, is education ever bad?
I am talking about ROI. Instead of expensive MBA, you can get MS in management, in finance, in marketing, economics, engineering for cheap.
MFE22, turn on CNN. We’re in a global recession. Not only do most firms have hiring freezes on now, but they are laying off many of their employees. So if they’re laying off experienced workers with MBA’s, are they going to hire new MBA’s right away? Pay attention to the news - a recession doesn’t make degrees worth any less, company’s just aren’t hiring right now.
I’m still looking. I got my MBA much earlier in the year from a school that fits your description. Some of my classmates settled for jobs that were advertising for B.As / B.Sc’s, and even then some were / are stuck unemployed because they didn’t have enough experience before embarking on a MBA. Some landed jobs that were considered “good” even before the financial mess began, but by their own admission, leveraged entirely on family / friends. On hindsight, a CFA or MFE is probably a much better choice than a MBA for a career in finance, unless you’re going to Columbia. General MBAs are a lot more diversified than a CFA, and would be good in a Management / Management Consulting context, not as much in Finance. In terms of ROI? It obviously hasn’t started being worthwhile for a lot of people graduating recently.
Managing a business is tricky. Maybe the principles taught there aren’t rocket science, but bad things can happen easily if you try to manage a business without knowing them. If you get an MBA from a good school, the alumni network is a valuable asset too.
What worries me more is that some MBAs from top school managed to land top jobs after graduation, but they didn’t manage to keep top jobs. And eventually, some have to start their own firm because they become “unemployable” for these jobs after a while.
An MBA is always worth it if you can get into a top school, no matter what industry you are in.
I say this at the risk of being castigated by some of the MBA snobs, but if you forgo a top school for a local part-time program and get your employer to contribute to the costs then the ROI may be more acceptable.
it is overrated.
MFE22 Wrote: ------------------------------------------------------- > I heard many top schools 2009 graduates are still > looking. And even in good time, for a lot of them, > their first one or two jobs are the best they ever > had. I am seriously questioning if MBA is still > worthwhile. You’re joking.
If you do one for Fall 2009, the job market for 2 years after that might be good enough to warrant the MBA investment. Depends how long this recession lasts really.
Just go work for a company that will cover the MBA. ROI becomes n/a at that point.
Nah. It never was. (Feels good to do a little trollery)
MS in Management? MS in Marketing?
oh come on now, say what you want about MBA degree being worthless, but there is nothing more worthless than marketing!!! Don’t put a snickers bar next to a big nutty turd, ka-ching thats some marketing for ya. Now excuse me as I drink my Diet Pepsi, it looked so thirst quenching with the shiny ca and font lettering…
It’s what you do with it, i’ve leveraged a nice bump and promotion at my current job. I’ve been interviewing at other places for the past 5 months and financial firms put a significant amount of emphasis on it. While I did it part-time right out of college, the only backlash I get sometimes is that company’s are perplexed that someone would do it straight out of undergrad unlike an MSA or MST where those are pre-reqs for the CPA. I just mention that I worked full-time while doing it, so it was relevant.
tvPM Wrote: ------------------------------------------------------- > > Don’t put a snickers bar next to a big nutty turd, Some marketing guy decided to name it “Snickers” not “Big Nutty Turd” and they have sold lots of them.
I bet the name came about as everyone “snickered” when he said he would name the candy bar “big nutty turd bar”… and a marketing star was born.
MFE, I’m not sure what you mean by “become “unemployable” for these jobs after a while”. Can you elaborate? _____________________________________________________________________ What worries me more is that some MBAs from top school managed to land top jobs after graduation, but they didn’t manage to keep top jobs. And eventually, some have to start their own firm because they become “unemployable” for these jobs after a while.