To add to that - top MBA is not just 100k of costs, it’s also several hundred thousand of unearned revenue during these 2 years. Closer to 400k, if not 500.
Neud Wrote: ------------------------------------------------------- > To add to that - top MBA is not just 100k of > costs, it’s also several hundred thousand of > unearned revenue during these 2 years. Closer to > 400k, if not 500. Do Part-time MBA in a top school and limit the opportunity cost to time with your family and friends (it’s still a very significant opportunity cost).
But why? Even if part-time, why is it needed? that’s the question we have not seen an answer for here, so far. Doing it for the sake of doing it is (imho) financially inefficient, but what are the benefits of the top MBA for the CFA charterholder? I mean, real benefits which are worth the cost (monetary-, time-, and experience-wise)
well, yeah, you have a point, if you have the firm and job you want, and maybe CFa, you dont need MBA. I should have clarified. my personal experience was different, i had some industry experience, but not the exact job i wanted. so i went to b school and got what i wanted. if you are not happy with your career, an MBA will help you get where you want. but you got to work hard
Neud Wrote: ------------------------------------------------------- > But why? Even if part-time, why is it needed? > that’s the question we have not seen an answer for > here, so far. Doing it for the sake of doing it is > (imho) financially inefficient, but what are the > benefits of the top MBA for the CFA charterholder? > I mean, real benefits which are worth the cost > (monetary-, time-, and experience-wise) Okay let’s forget MBA for a moment. How about a 1yr-1.5yr (full time) MS in Finance (Engineering or whatever) from a decent State University?
If you want to know how to run a business and manage people. The material in an MBA is indeed valuable. If you just want to do financial analysis for a firm, CFA will do the trick for you.
It is obvious in tough time like this, nothing will guarantee to land a job. Well but all these finance people have to come from somewhere. I have been reading here for a while, the consensus is that one need a degree from top school to get into finance. There is no guarantees, but that is the requirement. I just finished my first part time MFE class today. I like it. Maybe I will not make it anyways. But I think I will regret without even at least trying.
disptra Wrote: ------------------------------------------------------- > It is obvious in tough time like this, nothing > will guarantee to land a job. Well but all these > finance people have to come from somewhere. I > have been reading here for a while, the consensus > is that one need a degree from top school to get > into finance. There is no guarantees, but that is > the requirement. I just finished my first part > time MFE class today. I like it. Maybe I will not > make it anyways. But I think I will regret without > even at least trying. that IS the right spirit. half is hard work in class, half is getting in front of the right people. good luck
peace be the journey
If you are able to get the job of your dreams with the CFA and no MBA, all the power to you. For most people, however, you need the MBA to get in the door. The idea that once you are “in” that all that matters is performance is simply naive. A lot of this depends on what type of finance job we are talking about of course. As one person mentioned, if you just want to stare at a screen all day maybe the CFA is enough to get you an analyst job. But if you have any leadership aspirations, they don’t teach you what you need to know in Level 2!
T2 Wrote: ------------------------------------------------------- > If you are able to get the job of your dreams with > the CFA and no MBA, all the power to you. For most > people, however, you need the MBA to get in the > door. The idea that once you are “in” that all > that matters is performance is simply naive. true, I know guys that killed it on the job and still had to go to b school - firms have traditions ,etc… A lot > of this depends on what type of finance job we are > talking about of course. As one person mentioned, > if you just want to stare at a screen all day > maybe the CFA is enough to get you an analyst job. > But if you have any leadership aspirations, they > don’t teach you what you need to know in Level 2! + 1.
I think b-school is a joke and a crutch. The education (if you can call it that) can be obtained in state university evening extension programs. The network can be obtained by networking with friends, family, high school/college classmates… there is no shortage of successful people to network with… I cannot imagine paying that kind of money so that I be part of a group of people that also paid a ridiculous sum of money. In fact I don’t like to associate with people who think b-school is a good investment. It shows poor decision making ability and a tendency to look for shortcuts in life. I’m looking into doing a law degree at night. Much more rigorous training and far more useful. It will open many different kinds of doors for me down the road.
Well said Danteshek. People are willing to pay ridiculous amounts of money exactly for being part of group of people who also paid these monies. Laughable, albeit (as we can see on the forum) true. What is funny is that not MBA eductaion per se is any good, but that “other people did it, so I should do the same”.
Top B-school tend to admit people that could succeed even without MBA. Maybe that explain why so many top wall street jobs are had by top MBAs. Once you had MBA, people tend to attribute your success to your MBA.
Math Ph.D > *
i am in the pursuit of cfa and thus hope that u would take it in the right spirit any self enrolled course which has a passing percentage as high as 30-40% cannot even come close to an ivy league mba in recognizition, potential rewards. its very hard to get into top schools, so any shortcoming in your past life be it grades or medicore undergrad course or a gap year or any major personality disorder would almost eliminate you from the race to get admission. for cfa if you have a related job and u r prepared to read a lot, u wud become cfa top mbas are valued coz of strenous admisson criteria and not bcoz they learn a whole lot about running the business
Given how many MBAs (including those from top schools) are out of job now, so called “High value” of the top MBA becomes questionable. With regards to CFA charterholders, the situation is different.
Neud Wrote: ------------------------------------------------------- > Given how many MBAs (including those from top > schools) are out of job now, so called “High > value” of the top MBA becomes questionable. With > regards to CFA charterholders, the situation is > different. how is the situation different for CFA charterholders?
They tend to keep their jobs
They tend to keep their jobs