How about the crossover of corporations and colleges? Wichita State must have at least ten new buildings on campus built and run by outside corporations, where students work for free...I mean intern. 🤨
@@johannes-7710 drinking from the mountain of knowledge, based is a communist libtard thing or people that hate money and want to give money to africa for nothing
Its a position that is ther purley to slab some "sustainability" branding on your campus. The students dont care and the companies dont care and most consumers dont care
@@RGatGala but... but... murr freedom! those immigrants are trynna take away murr freedom!!!! #keepfreedominmurica #keeplatinamericansawayfromstroads
@@RGatGala I think you're not seeing the bigger picture here. We obviously just need to cut spending and tempt employees with free burgers (1 pr employee). Infinite profit.
@@KoolMonkE no it's just the same deal of your goal there is to go work for lockheed and so on and thats what your senior project is. Full nose to the grindstone with no real room to breathe so you end up slaving away but not complaining cuz muh paycheck so big. I have found better careers in STEM outside
I would say it's a red flag but considering how many students think that a main skill or bulshitting he's really a master, we just have to see if they can teach students to be as good as him.
Don't worry Dan, your apartment looks great. Just get a bookshelf with a bunch of books behind you and all of a sudden you become an expert on talking about overpriced business degrees.
As a former consultant with an mba who pivoted into product roles in tech: 1) Consulting is just glorified outsourcing 2) The reasons to do an Mba are: prestige, knowledge and network. 2.1) You can get the prestige by starting your own business or side business 2.2) You can get the knowledge on the internet 2.3) You can get the network in consulting 3) to pivot careers you don't need an mba 4) Full time MBA are kind of holidays, executive ones are more valued with better network 5) Tech pays better than consulting 6) You don't need an MBA to own a business, which remains the most profitable option
I'm a kid from India and I am about to start college. What course should I pick for consulting... Engineering or BBA etc... and I want to be a CEO of a fortune 500 company with a fat severance package (I watched that video from how money works) and btw, I'm going to Germany (bachelors)
@@ApurvanotfoundDepends on your interests and aptitudes really. Engineering is for most people far tougher academically, but may provide more job opportunities.
Except most businesses fail and take years to earn a profit, which is not something everyone can afford to do. Also not everyone has a million idea or intelligence to execute said million dollar idea. So getting a high salary as an exec maybe the better option for a lot of people than starting a business
Anyone who went to college knows literally half the professors aspire to be karl marx. They’d be pretty steamed if communism took effect and they lost their tenure 😂
All these students should have to read Bullshit Jobs by David Graeber prior to graduating. Just so that they don't think they are crazy when they realize they are getting paid so much to do basically nothing.
I'm actually not joking,one of my friends works at one of the MBB...he one day showed me what he worked on and it was power point presentations and excel sheets that any high schooler could make + not to mention the over 20 meetings everyday which amount to nothing. He literally does nothing,seriously nothing.Heck any programmer could write a script to automate 80% of his job but my god he is paid six figures without doing any serious work.
@@-BarathKumarS I'm sure any highschooler or script can handle his job of synthesizing data from experts to solve company-specific problems. Those doesn't take any brain power & highly automatable. That's why these companies hire high schoolers all the time haha.
If there's anything this world needs, it's more people who are good at pretending they know what they're talking about. I was kind of shocked how open they were about that, actually.
These types of people are sometimes very honest. They want to do something and can acknowledge that it's a ridiculous system. I don't even blame them tbh. They are just playing the game
@@tagguh1 This is it. I went to one of these schools and everyone knows it's a load of crap. If you're a public facing figure like a CEO though you'll never admit the truth.
Yes. Only an insecure narcissistic control freak would try to be the bigger comedian as a guest on someone else’s show. he’s an educator but he’s also posting influencer pics? Countdown to laundry day for Prof. Redflags
My uncles Ivy League wife & kids walked off with all of the money from my family’s land here recently. Never met them before a year ago and they never even bothered to ask how I made it to 30 without a dad, or a college degree. Wealthy people are sick.
Welcome to the meaning void that fills our society...."I want a job that pays as much as possible while contributing as little as possible with no responsibility". No midlife crisis emergencies here.
You prob don't get the grind of what consultants do to get that cushy salary. I'm not a consultant, but it sucks. I made it to final round interviews with McKinsey and BCG. They work 60 to 65 hour weeks and are traveling often thousand mile flights every single week living 4 days a week in a hotel. So they spend 200 out of 365 days a year in a hotel. That 60 to 65 hours is just work time if you add on travel or time away from home it's much more. Post MBA you go in as an associate which is 2nd level up from bottom, analyst. Most post MBA do not get promoted from associate either because they can't stand that much work and travel or they aren't considered good enough for promotion. There's limited spots at VP+ and more associates than roles open there.
At the end of the day, they may not actually make a difference or contribute anything, but their job still sucks ass with the hours spent on work and out of home.
@@mikeguidry2577The point of consulting is not to work at a consulting agency. It's to become an associate then get hired as an exec at a major company. Man I really dislike corpos
@@mikeguidry2577the travel is increasingly a non-factor thanks to remote work. From 2019-23, BCG cut business flights by 40%, McKinsey cut by 48%, PWC by 76% and Deloitte by 81%. Even Bain cut by 26%. Long hours still suck, but it is simply not the grind it used to be
I did my undergrad in mechanical engineering. I dropped out of business school after one semester and started my own business. Everything they 'teach' is just common sense.
@@Thekrzysiek52 The hardest part of a top 10 MBA is getting admitted which Darden isn't top 10, it's like 12. I went to MIT Sloan full time MBA. It is mostly common sense stuff. The only thing that wasn't is financial modeling and accounting. I agree that companies shouldn't look at a top 10 MBA student and think he prob learned so much there that he'll be an asset. It should be more like if he was good enough based on undergrad gpa, major, school, and test scores to get into this top 10 MBA then he'll be good enough here.
"Never give a definitive answer because then you’ll be held accountable for it“. I’m confused. Are these people learning how to run businesses or how to become politicians. Oh right, they aspire to be consultants so kind of the same thing.
There's a real fear of admitting you were wrong, especially in business. What's the big deal? You're a human being. Everyone is wrong about something. Nope. They're afraid it'll reflect too badly upon them. That and the hoarding of knowledge. I walked away from that world, but I'll likely have to go back.
How can we make kindergarden for rich adult-children sounds fancy, intellectual, and later justify the well-paid jobs their friends and family will help them get? America said MBA.
@@RGatGala From a french - it's true. I have a master's with a gap year, 3 years of prof. xp (interships etc) before even entering the job market and it's the norm
Nothing wrong with it, especially when you don't have to go into debt for it. Plus, education can be wonderful from just a life experience point of view. But in the labor market there are often too many delusions about credentials (disregarding medicine, hardcore science stuff, engineering, etc.)@@louisdbt9096
I had an Accounting professor for 3 different classes who is a version of Ed Freeman. You're gonna learn a hell of a lot more from professors like that than from the rest of them.
Professors in business schools look like mid-century philosophers while their students look like they'll appear on the front page of a millenial youth magazine
@@aeoligarlic4024dont forget about the a documentary series produced by Hulu/Netflix/Apple about your fraudent business practices, followed by your subsequent SEC investigation.
when mom and dad weren´t present to raise a child thats loved and accepted the way it is instead leaving a walking body as hollow as swiss cheese. Poor souls, empty gaps filled with dollar bills@@aeoligarlic4024
As someone with a marketing degree, the statement “Marketeers are dumb” certainly is true. That degree takes NO effort to get. The hardest thing is remembering the countless, useless terms you need to write down for your exams. Also, if you do not like abbreviations, do NOT get into marketing. Apparently marketeers love shortening things
Marketing is just one of those skills you get on the experience, not from sitting down listening to lectures all day long coming from a regretted marketing grad😂😭🫡
@@deepam5246 It’s because marketeers are soulless people who will do anything to give themselves a sort of prestige because they lack any commonly given respect in the professional business world. Give your lingo loads of abbreviations is one way to sound really cool. Do you know Howard abbreviations, matrixes and concepts like them I had to learn that turned out to be utterly useless in the real world? Marketing is a very sad business, if you could even call it that
@@urip_zukoharjo Couldn’t agree more but I wouldn’t call it a skill necessarily. I think anybody can learn marketing and be good at it. It’s not a skill and, if it would be, not a hard one to master
Here’s how you know your company has hired a consultant. They start doing really dumb shit and laying off employees they actually need. If these people knew how to run a business then they would run a business but they don’t know shit but how to trick rich people into listening to them.
So did Elon somehow venture into consulting for while when he acquired Twitter? Doing really dumb shit, laying off employees they actually needed, and the value of the company plummeting 60% of its value quite rapidly. Checks all the boxes.
@@zkcrisyeeproblem is he already was a Twitter consultant in his mind, so when he became boss, he implemented all his ‘really good cost saving money making ideas’ 🤮
This is pure gold. Dan can critique MBA programs with a perfect blend of humor, a spot-on balance, and a touch of witty seriousness that gives us a delightful dissonance. It navigates between insightful commentary and a humoristic, serious journalism vibe, striking the perfect chord of wit and wisdom without descending into rudeness or nonsense. 10/10
That's why consultants are great. They will give you a presentation on exactly what you pay them for which conveniently is what you already decided to do, but didn't want to take accountability for
When the last profesor explained the client is not the student but the product it made me understand he knows how things work and would want him to teach me.
I say this wholly understanding my comment will be drowned, but suddenly finding and clicking on this video was the best decision I made today. You a are phenomenal RUclipsr and this video was both hilarious and concerning, easiest subscribe of the new year
Do one on Computer Science and Tech majors. Too many people and not enough jobs. The amount of knowledge and skills you need for an entry level job keeps increasing because of all those online best major rank listings. It’s getting suppressed by the news and tech companies because the more CS majors there are, the less they have to pay. And we just got a few thousand layoffs announced just this past week for software engineers/devs
@@bigmouthprick5852Demand changes, supply changes. Right now, demand is lower and supply is higher than ever. Demand - IRS tax laws and high interest rates have made hiring less desirable. Supply - A generation of zoomers were told by influencers that you can get a six figure job while doing minimal work after graduation. So now you have a massive supply of graduates. Many of whom are not smart, didn’t go to prestigious schools, and are pretty much screwed and have to get a job not related to their field of study.
Yeah but that is true of all college jobs. At least every engineering field. I graduated in 2007 and salaries are basically the same today as they were then. There are just so many people out there with these degrees now.
@@bigmouthprick5852 true for engineering it’s hard. But software is even worse. I have friends who haven’t found decent paying jobs for over a year. Companies are outsourcing work to other countries for low wages.
This this this!!! And like a whole series dedicated to the absolutely stupid shit coming out of Silicon Valley. Like every tech bro and their roommate building something that essentially is really expensive piece of nothing.
Every single time I watch one of these videos, I just say "What a good video" Love the work, will not call it content because it does not feel lazy, I truly appreciate the work put into them and can't wait for more
Just wanted to say thanks for the “good work” out there. This is really reminding me of the Daily Show in its Heyday (but with even better Journalism of course)
Awesome that you got to interview those professors. Definitely need the full interviews! I remember watching Freeman's videos in business school...can't believe he's like this in real life haha
As a consultant/contractor who works for myself (and I had worked at a consultancy) for the last 18 yrs in London and I had worked with the top 10 MBAs in the world. My observations are, they were generally mis-sold to what they had "learnt" a lot of them had regretted but with 6 figures loans. My observations are, you do an MBA due to mainly 4 reasons. 1 getting into investment banking, 2 consultancy, 3 start your own business and 4 go back to your old work/industry and get a job which is maybe a role above what you had left from. Beside getting into investment banking (where you need it as your foot at the door), I see the other 3 options doesn't need an MBA. Consultancy unless you go to top tier like McKinsey or BSG. Deliotte will have you anyway, they will human traffic you to clients and will groom you. Save the money of you MBA and start your business. For going back to your prior job /industry simply work harder or upskilll practical skills to get promoted. MBA is a club and it protects its members like a cult. For me I would not hire any MBAs, as they get told they are awesome but can't even do an Excel vlookup or expect things to just work
I went to MIT Sloan full time MBA and don't fit in your 4 things. I went from being an engineer to now finance/business dev/asset mgmt at a Renewables startup (clean hyrdogen/ammonia). Maybe not considered startup as it has a $500 mil valuation. I made it to final rounds with McKinsey and BCG and got rejected. Sucked ass I fucking put everything into it. Turned out to be okay bc I now work prob 50-60% of the hours they do (30 to 35 hrs a week) and I make prob 85% of what they do, and if we get the funding for our project (which we're halfway there and have a lot of interest), I'll be making $400k a year as the project valuation is 8x what the company valuation is. We'd sell it in 4 years. Getting rejected final round (twice from Mckinsey) and BCG may be best thing that happened to me. We'll see.
Private wealth management / investment banking. Basically pandering to rich fucks and making them stupid money so that their generational wealth can terrorize us all forever.@@customjuices
this video was really next level, I don't know how but you made this topic kick ass - pls everyone give this channel money so they can continue their epic good work
“If education doesn’t solve a problem, then it is a problem; If the educated do not solve problems, then they are the problems.” ~ Ernest Agyemang Yeboah
really depends on the business school tbf. Yea if we're talking University of Virginia, its probably pretty easy. Try getting in LSE or Bocconi however and you'll quickly find its not as easy as you'd think
In what way do you mean? If you're referring to the fact that while most jobs require a degree as a barrier to entry the degree isn't necessary to do the job, I would mostly agree. Most jobs don't really utilize the things you learn in school and many jobs now require degrees they didn't 30 years ago, without the job changing by any significant manner - a phenomenon an Atlantic writer called something like credential inflation. If you mean that getting a university degree isn't worth it, the data on that is very much clear that it is. In terms of job prospects and lifetime earnings, university degrees are extremely valuable and one of the biggest determining factors of whatever upward mobility is still possible these days. Of course that is for undergraduate degrees, not graduate degrees. And how valuable an Ivy League degree is over any degree, such as from a state school, and whether it's actually the degree or the connections you make, is much more contested and demographically specific.
I used to be a consultant with one of the big 4 and imo there are two types of consultant - those who roll up their sleeves and get shut done and those who manage. The latter are the useless ones, but they are also the more likely to get promoted.
I remember I got accepted to UC Riverside MBA program. And it seemed like they wanted me more than I wanted them especially considering I had a 2.8 GPA in my undergrad in civil engineering and my GRE scores were average. I even wrote some fake recommendation letters to see if I could get in but I put in little effort in those letters. They were sloppy. Days later, I got an acceptance letter. They further tried to entice me by saying UC Riverside MBA program’s connection UCLA MBA’s program. After seeing the minimum $80K of student loan debt I would amass in 3 years at UC Riverside, I declined. I chose San Diego State’s master program in engineering. It cost me nothing after financial aid. Glad I made that decision. A UC Riverside MBA degree would’ve been worthless and I would’ve been sitting on over $100K in student debt. I see why these business schools love to accept underqualified students into their program. They don’t care if you graduate or not. They just care about making money off each student even it ruins his or her young life.
I read on reddit how someone was defining consulting. She was like we talk in a meeting about a bunch of things then go to another meeting to talk about what you just talked about in the last meeting. And get paid like $300k/yr doing it. I wish I was smarter
They aren't smarter they were just born rich and well connected Consulting is basically just a fake job where you do a couple hours of work a week instead of a full 40 hours and get paid absurd amounts of money for it , it's a giant scheme for rich executives to give fake jobs to their rich children Manhattan is full of these do nothing rich kids who work as consultants
I worked at the gym these students go to for the most part. I can confirm they're all exactly the same. Professor Freeman is an absolute baller at Handball, btw
Ironically, I’ve just started considering an MBA or doing a specialised masters in my tech field. Sooooo glad I saw this. Thanks Dan, wouldn’t wanna end up in consulting, eh?
Take it from someone with didn't go to one of the top schools with an MBA, it's definitely not worth it. I've even started to leave it off of my resume.
MBA are for rich kids who have rich parents, so that their parents can justify paying absurd salaries to basically young kids with no experience to do basically nothing They basically spend all day working out, playing tennis and maybe once a week attend a meeting where they pull out a PowerPoint and bullshit Then they collect their 100k->200k salaries Many of these consultants live in places like NYC the playground of the rich And these leeches basically do nothing all day, you can see them milling around in Manhattan all day. Seemingly never working
@akadaafrica5841 probably because the MBA is worthless, it's only useful if you have rich parents who can use their connections to get you a bullshit job that requires 2 hours of work a week and nets a 200k salary Dumb idiots will fall for the scam, the average salary, median salary is extremely misleading
@@akadaafrica5841 Yes, people who are hiring MBA's are 100% deciding whether you're hirable or not based on the name of the school on the resume. I went to MIT Sloan full time MBA and getting a call back on a resume or response happens pretty easily.
Being a young college dropout entrepreneur and having run a 30 people tech company; I shiver encountering these MBAs, they can bulldoze my decade long experience real life with their 2 years of world class training in Jargon and Bullshitting (popularly known as consulting); Damn - 4:56.
I think they are convinced the market treats mba's the same way it did when they were in school and they see it as akin to having an engineering degree or something. They also don't have a concept of the debt that comes with those degrees in 2024 because they think that the high paying jobs that lined up for them still do so today. My father got an MBA in Healthcare Admin and went straight into private/state Healthcare analysis. He worked in it for 13 years, purchased a home, resold it, and almost made a 6 figure salary before he left the industry. I can understand why he thinks it's a golden bullet and why hes confused i wouldn't pay for one, but he also has lots of student loan debt from the degree so I can't understand why he wants me to get one💀😂
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
We have now fully investigated schools of business. What should we cover next? Or what schools should we visit? Only coming if toga parties.
Investigate stem and tech schools and figure out why so many of them have god complexes
How about schools of technology
How about the crossover of corporations and colleges? Wichita State must have at least ten new buildings on campus built and run by outside corporations, where students work for free...I mean intern. 🤨
You def have to fuck up some commas in Insurance and healthcare!
I feel like a major fine art school would be cool on the grounds that you don't overdo the Hitler jokes.
The two professors are a great comparison. The bald guy is drowning in the Kool Aid, and the beard guy is based as hell
What does drowning in the Kool aid mean?
@@johannes-7710 he was lost in the sauce
@@johannes-7710 drinking from the mountain of knowledge, based is a communist libtard thing or people that hate money and want to give money to africa for nothing
@@johannes-7710 Presumably a reference to en.wikipedia.org/wiki/Drinking_the_Kool-Aid . Someone who has totally bought into a cult
drowning in kool-aid or has better media training? marketing is also a skill.
The ethics professor deserves an entire humor department to himself
I thought the same. Everything he says seems well thought out and reasonable, 100% would want him as a teacher.
Love profs like him.
He's also jewish. Very ethics indeed.
when he said oxymorons like "funny RUclips channel" I actually laughed out loud
@@elliotw.888 no, that wasn’t you. That was the videographer.
ethics professor is the type of business professor we need more of
He was the only genuine and wholesome character there in the entire college
Bro also flamed his RUclips channel 😭
Yes right, because other nations give a fuck on ethics. We can't compete if we care, thats the money game.
Its a position that is ther purley to slab some "sustainability" branding on your campus. The students dont care and the companies dont care and most consumers dont care
@@PegasuswurdeverkauftanalleThen I rather die than to live in a world like that.
Something has to be done to stop the influence Coldplay are having on the future management consultants of America!
My favorite source for rap news.
🧐 why are you watching YT, Professor?
Yes. I know when we started we had high hopes, now our back’s are on the line and ours back’s are on the ropes
We are always under the high end consulting all the time.
This is obviously a very biased opinion since your channel is dedicated to rap music.
glad to see society is getting more consultants, we really need more people to consult with
consultants need consultants
@@RGatGala but... but... murr freedom! those immigrants are trynna take away murr freedom!!!! #keepfreedominmurica #keeplatinamericansawayfromstroads
@@RGatGala I think you're not seeing the bigger picture here. We obviously just need to cut spending and tempt employees with free burgers (1 pr employee). Infinite profit.
Hey, free burgers. I'm in. @@Bidmartinlo
@@yunleung2631 Aren't business school professors consultants for consultants?
It’s comforting to know the people ruining the economy are miserable
@etrestre9403your comment doesn't make sense in this context
it hardens the ethically compromised heart
@etrestre9403Hmm 🤔
@@tomlxyzThey’re crying about their miserable life so they want everyone else to as well.
how are they ruining the economy?
Galloway’s comment about the corporations being the customers and the students the product was really enlightening.
Aaaand that's why I dropped out of cal poly
Except business schools get money from the students
@@mootytootyfrooty You dropped out of a STEM school because business degrees are useless?
@@KoolMonkE no it's just the same deal of your goal there is to go work for lockheed and so on and thats what your senior project is. Full nose to the grindstone with no real room to breathe so you end up slaving away but not complaining cuz muh paycheck so big. I have found better careers in STEM outside
That stood out to me too. I never thought of it that way.
Dan Toomey
4 time MBA All Star
2 time MBA Finals Week MVP
2 time MBA Thesis Defensive Player of the Year
Don't forget #1 MBA Draft Pick
2 time MBA Rookie of the Year.
I'm trying to not wake up my roommate and I just died at this
"MBA Finals Week" u gotta be stopped 😂
@@19MAD95😂😂 this is gold
@@19MAD95How tf can you get 2 MBA Rookie of the Year's?
"Serial Ted-Talker" is a sly, scathing and underhanded insult and I am here for it
I would say it's a red flag but considering how many students think that a main skill or bulshitting he's really a master, we just have to see if they can teach students to be as good as him.
Literally had to look them 3 words up 💀💀💀
And his Ted talks have little substance. He's a fountain of mediocrity.
I was fully expecting this to be pointed at Scott Galloway lol.
can't wait until the consultants have their own consultants to consult with about their consulting
You joke but they exist
Its exist and its a good idea
MBA Student - " I will do anything other than consulting"
Dan - "Finally some diversity"
i bet that dog wanted to do consulting too
The African Delegation thought that was funny as shit 😂
wow, mr statingwhathasalreadybeensaidinthevideoo
HIS NAME IS MARK.
@@geralt9036wow, mr ihaveneverencounteredquotesbefore
Don't worry Dan, your apartment looks great. Just get a bookshelf with a bunch of books behind you and all of a sudden you become an expert on talking about overpriced business degrees.
Don't forget the low key sex toy
The no context comment on Dan’s apartment was weird as all fucking hell. What was that about??
@@TheBomber15 It's called a 'joke', and they're really not particularly unusual
@@Dodzilla96 Making unalive jokes to a stranger during an interview is pretty unusual...
@silasc7996 It's not unusual in a comedy interview like this to make suicide jokes, I thought it was funny
That ethics professor seems like the GOAT. Digging at the YT channel was so brilliant off the cuff
He is a jew…. Cant be trusted
As a former consultant with an mba who pivoted into product roles in tech:
1) Consulting is just glorified outsourcing
2) The reasons to do an Mba are: prestige, knowledge and network.
2.1) You can get the prestige by starting your own business or side business
2.2) You can get the knowledge on the internet
2.3) You can get the network in consulting
3) to pivot careers you don't need an mba
4) Full time MBA are kind of holidays, executive ones are more valued with better network
5) Tech pays better than consulting
6) You don't need an MBA to own a business, which remains the most profitable option
I'm a kid from India and I am about to start college. What course should I pick for consulting... Engineering or BBA etc...
and I want to be a CEO of a fortune 500 company with a fat severance package (I watched that video from how money works) and btw, I'm going to Germany (bachelors)
@@ApurvanotfoundDepends on your interests and aptitudes really. Engineering is for most people far tougher academically, but may provide more job opportunities.
@Apurvanotfound just stay in India before they send you back
@@Apurvanotfound you're soo mee. All the goals you mentioned is exactly what I want. All of it. Can we connect?
Except most businesses fail and take years to earn a profit, which is not something everyone can afford to do. Also not everyone has a million idea or intelligence to execute said million dollar idea. So getting a high salary as an exec maybe the better option for a lot of people than starting a business
no way bro really found Karl Marx in a business school
Thats what I thought man...
I wonder not much people figured this...
I mean it is a university
@@TVS...l-_-l...the irony in that is immaculate
Anyone who went to college knows literally half the professors aspire to be karl marx. They’d be pretty steamed if communism took effect and they lost their tenure 😂
Reminder that Marx was a Jew
The people demand the full chat with Ed Freeman
Yes!! And longer episodes in general
The internet needs more Ed Freeman
To the top
100%
We need more Ed Freeman "knick knack fiend"
All these students should have to read Bullshit Jobs by David Graeber prior to graduating. Just so that they don't think they are crazy when they realize they are getting paid so much to do basically nothing.
LOL, that book is my BIBLE.
Made me take everything so much less seriously
That book changed my lifeeeee
I found that book after a dive into a Reddit comment section. Thats the heavy price I paid for knowledge.
I'm actually not joking,one of my friends works at one of the MBB...he one day showed me what he worked on and it was power point presentations and excel sheets that any high schooler could make + not to mention the over 20 meetings everyday which amount to nothing.
He literally does nothing,seriously nothing.Heck any programmer could write a script to automate 80% of his job but my god he is paid six figures without doing any serious work.
@@-BarathKumarS I'm sure any highschooler or script can handle his job of synthesizing data from experts to solve company-specific problems. Those doesn't take any brain power & highly automatable. That's why these companies hire high schoolers all the time haha.
If there's anything this world needs, it's more people who are good at pretending they know what they're talking about.
I was kind of shocked how open they were about that, actually.
These types of people are sometimes very honest. They want to do something and can acknowledge that it's a ridiculous system. I don't even blame them tbh. They are just playing the game
They don't have a stake to lie yet, once they're in a company that will change lol as it'll be tied to their salary.
@@tagguh1 This is it. I went to one of these schools and everyone knows it's a load of crap. If you're a public facing figure like a CEO though you'll never admit the truth.
If they were actually good at pretending they know what they’re talking about they wouldn’t need an mba lol
They know it's all bullshit, give them a couple years w/ a cushy salary and some media training and they'll never admit it again on camera.
This is unironically the best youtube channel I've stumbled across in years.
Bravo sir.
The apartment joke was a deeply irresponsible and hilarious thing to say. The cut back to Dan was so funny 😂😂😂
Sounded like the guy learned how to relate to people from a book by a failed pickup artist.
Yes. Only an insecure narcissistic control freak would try to be the bigger comedian as a guest on someone else’s show. he’s an educator but he’s also posting influencer pics? Countdown to laundry day for Prof. Redflags
I still don't get why he said that? What prompted that? Are some people that socially inept?
@@danielgrizzlus3950 possibly some awful attempt at ‘get ur money up’..???🫠 but who knows
@@danielgrizzlus3950 you'll be suprised most of them are in academics
Ed Freeman was one of my fave professors at Darden. Can confirm this is how hilarious he is in real life 😂😂
Sooooooo....are you in consulting?
@@james_chatman I can consult you with the answer
Aaaaaand are you married?
Happy belated Hanukah
@@james_chatman haha no I’m not! I opted for the world of finance and investing😂
If I've learned anything from my MBA friends (Harvard, Ross, Stanford, etc) it's that they aren't your friends unless you make them money.
Imagine needing school to teach you how to be a psychopath😂
@@stratomaster891Not an ordinary psychopath, but a money grubbing one!
My uncles Ivy League wife & kids walked off with all of the money from my family’s land here recently. Never met them before a year ago and they never even bothered to ask how I made it to 30 without a dad, or a college degree. Wealthy people are sick.
Soooo... what you're saying is that you're good at making money for your friends. I would love for you to be my friend. First drink is on me! :)
Where Anarchists come from.
Welcome to the meaning void that fills our society...."I want a job that pays as much as possible while contributing as little as possible with no responsibility". No midlife crisis emergencies here.
You prob don't get the grind of what consultants do to get that cushy salary. I'm not a consultant, but it sucks. I made it to final round interviews with McKinsey and BCG. They work 60 to 65 hour weeks and are traveling often thousand mile flights every single week living 4 days a week in a hotel. So they spend 200 out of 365 days a year in a hotel. That 60 to 65 hours is just work time if you add on travel or time away from home it's much more. Post MBA you go in as an associate which is 2nd level up from bottom, analyst. Most post MBA do not get promoted from associate either because they can't stand that much work and travel or they aren't considered good enough for promotion. There's limited spots at VP+ and more associates than roles open there.
At the end of the day, they may not actually make a difference or contribute anything, but their job still sucks ass with the hours spent on work and out of home.
@@mikeguidry2577The point of consulting is not to work at a consulting agency. It's to become an associate then get hired as an exec at a major company.
Man I really dislike corpos
@mikeguidry2577 so all the downsides, included midlife crisis but it probably ends with suicide instead of cringe?
@@mikeguidry2577the travel is increasingly a non-factor thanks to remote work. From 2019-23, BCG cut business flights by 40%, McKinsey cut by 48%, PWC by 76% and Deloitte by 81%. Even Bain cut by 26%. Long hours still suck, but it is simply not the grind it used to be
"Went to class, it started at 10, I was late as usual - 10:10... 10 minutes late." love this
I was so lost after graduating college. what do I do with a college degree? I travelled when I could. now I do healthcare.
I did my undergrad in mechanical engineering. I dropped out of business school after one semester and started my own business. Everything they 'teach' is just common sense.
But if you want corprate possition you need this pice of paper just so you can show that you have common sense.
@@Thekrzysiek52 🤣
@@Thekrzysiek52 The hardest part of a top 10 MBA is getting admitted which Darden isn't top 10, it's like 12. I went to MIT Sloan full time MBA. It is mostly common sense stuff. The only thing that wasn't is financial modeling and accounting. I agree that companies shouldn't look at a top 10 MBA student and think he prob learned so much there that he'll be an asset. It should be more like if he was good enough based on undergrad gpa, major, school, and test scores to get into this top 10 MBA then he'll be good enough here.
Nice Pic. It’s 150 anniversary of Caspar David Friedrich. So come over to Greifswald/Germany 😎
Nice Pic. It’s 150 anniversary of Caspar David Friedrich. So come over to Greifswald/Germany 😎
Ok but is no one else going to question that one guy was a psychologist, magician, business professor and author. How did that happen!
He went to business school
Don't know if it's related, but the guy's got the look of an aspiring cult leader....
@@samuelglover7685 I agree something seems really off about the guy😂
@@lr7815 and then specialized in magician consulting 🙂
That’s a single career switch and 2 hobbies. Believe in yourself.
Ed Freeman out here pulling no punches, goddamn.
Listening to this at my accounting job... glad to see I'm not the only person wasting my life
Starting a MAcc in March and feel like the algo is really throwing some heaters at me
Why is it wasting ur life?
"Never give a definitive answer because then you’ll be held accountable for it“. I’m confused. Are these people learning how to run businesses or how to become politicians. Oh right, they aspire to be consultants so kind of the same thing.
N=1. You listened to one person say something and now you generalized an entire profession? Tell me how that makes any sense lol
I love how brutally honest that was.
There's a real fear of admitting you were wrong, especially in business. What's the big deal? You're a human being. Everyone is wrong about something. Nope. They're afraid it'll reflect too badly upon them. That and the hoarding of knowledge. I walked away from that world, but I'll likely have to go back.
How can we make kindergarden for rich adult-children sounds fancy, intellectual, and later justify the well-paid jobs their friends and family will help them get?
America said MBA.
Roasted. Well-said.
True, but Europe is seemingly even worse in terms of credentialism. Everyone has 5 advanced degrees over there.
@@RGatGala From a french - it's true. I have a master's with a gap year, 3 years of prof. xp (interships etc) before even entering the job market and it's the norm
Nothing wrong with it, especially when you don't have to go into debt for it. Plus, education can be wonderful from just a life experience point of view. But in the labor market there are often too many delusions about credentials (disregarding medicine, hardcore science stuff, engineering, etc.)@@louisdbt9096
The Coldplay guy killed me.
That’s hotel suicide joke was unreal
😂
Agreed
My house is decorated like a mid-range hotel. It could definitely use a woman's touch.
I love, that you always get at least one interview partner to roast you.
I can't believe you interviewed karl marx himself
I had an Accounting professor for 3 different classes who is a version of Ed Freeman. You're gonna learn a hell of a lot more from professors like that than from the rest of them.
Professors in business schools look like mid-century philosophers while their students look like they'll appear on the front page of a millenial youth magazine
Forbes 30 under 30, pipeline to jail
@@aeoligarlic4024dont forget about the a documentary series produced by Hulu/Netflix/Apple about your fraudent business practices, followed by your subsequent SEC investigation.
when mom and dad weren´t present to raise a child thats loved and accepted the way it is instead leaving a walking body as hollow as swiss cheese. Poor souls, empty gaps filled with dollar bills@@aeoligarlic4024
The marx looking dude has a doctorate in philosophy lol
Bc the proffesors didn’t go into consulting
Quote of the Day: “Fun is relative.”
pretty much
Such a consultant answer
The accent made it better.
As someone with a marketing degree, the statement “Marketeers are dumb” certainly is true. That degree takes NO effort to get. The hardest thing is remembering the countless, useless terms you need to write down for your exams.
Also, if you do not like abbreviations, do NOT get into marketing. Apparently marketeers love shortening things
It’s because less is more!
Marketing is just one of those skills you get on the experience, not from sitting down listening to lectures all day long
coming from a regretted marketing grad😂😭🫡
So true 😂 I always end searching for an acronym meaning after talk with a marketer
@@deepam5246 It’s because marketeers are soulless people who will do anything to give themselves a sort of prestige because they lack any commonly given respect in the professional business world. Give your lingo loads of abbreviations is one way to sound really cool. Do you know Howard abbreviations, matrixes and concepts like them I had to learn that turned out to be utterly useless in the real world? Marketing is a very sad business, if you could even call it that
@@urip_zukoharjo Couldn’t agree more but I wouldn’t call it a skill necessarily. I think anybody can learn marketing and be good at it. It’s not a skill and, if it would be, not a hard one to master
9:38 Absolutely losing it at Dan's "and that's a crisis" and Adam Grant's response lmao
I BURST OUT LAUGHING. I'm in my office.
How did he keep a straight face through that I'm dying 😭
Both sides somehow discombobulated themselves
"I could never keep them straight. They were all named Jim or Chip or the occasional Hiroshi" 😂
🤣
Here’s how you know your company has hired a consultant. They start doing really dumb shit and laying off employees they actually need. If these people knew how to run a business then they would run a business but they don’t know shit but how to trick rich people into listening to them.
and “how to give answers even if you don’t know what the answer is but also to convince them to listen to you”
I mean maybe that wanted to lay off employees etc, but hired a consultant firm to blame them for falling off
So did Elon somehow venture into consulting for while when he acquired Twitter? Doing really dumb shit, laying off employees they actually needed, and the value of the company plummeting 60% of its value quite rapidly. Checks all the boxes.
@@zkcrisyeeproblem is he already was a Twitter consultant in his mind, so when he became boss, he implemented all his ‘really good cost saving money making ideas’ 🤮
@@anastasiaekimova5101 This is more common.
I will forever use the phrase corporate larvae thanks to you.
This is definitely one of the best channels on this platform. Great content!
This is pure gold. Dan can critique MBA programs with a perfect blend of humor, a spot-on balance, and a touch of witty seriousness that gives us a delightful dissonance. It navigates between insightful commentary and a humoristic, serious journalism vibe, striking the perfect chord of wit and wisdom without descending into rudeness or nonsense. 10/10
bot
@@joebob1331 Said the user joebob1331 lol
Chatgpt ass comment
This type of comment should be illegal
Get a load of this AI
As someone who got fired yesterday, I'm planning to do an MBA. This is very helpful and funny.
I hope you pull it through!
Get that piece of paper and make $$$.
@@youMatterItDoesGetBetter I'm gonna fucken print it.
@@saltedcod3533 🤟🏻
Will be harder for you as an Asian Male to get into b school
What I learned: consultants are liabilities and will only give you vague, unhelpful, and unreliable answers. Time to never hire a consultant
That's why consultants are great. They will give you a presentation on exactly what you pay them for which conveniently is what you already decided to do, but didn't want to take accountability for
If I were running a business, I'd consult an expert in the field, not someone who calls themselves consultant.
@@joshwarrey3728 such a smart businesshero omg
So its a way to make you feel more confident about the decisions you were going to make anyway. Gotcha. Well, not totally useless then @@vanguard6937
@@joshwarrey3728they’re used as scapegoats
You can make a risky decision and blame the fallout on a consulting firm
Ed Freeman is hilarious! He looked like a ton of fun to interview.
“Fuck up some commas on the travel budget” was a god tier line
Classical, it had me in stitches, had to pause the video
Yeah my first instinct was to steal that joke, which he probably stole from someone who stole it from some random open mic'er in Philly.
When the last profesor explained the client is not the student but the product it made me understand he knows how things work and would want him to teach me.
I say this wholly understanding my comment will be drowned, but suddenly finding and clicking on this video was the best decision I made today. You a are phenomenal RUclipsr and this video was both hilarious and concerning, easiest subscribe of the new year
All your content since “What does a consultant do?” has been 10/10. Always fun to watch. Keep up the good work. 😉
Do one on Computer Science and Tech majors. Too many people and not enough jobs. The amount of knowledge and skills you need for an entry level job keeps increasing because of all those online best major rank listings. It’s getting suppressed by the news and tech companies because the more CS majors there are, the less they have to pay. And we just got a few thousand layoffs announced just this past week for software engineers/devs
I wanna know why I see the BLS outlook for Software Development careers growing and why these numbers are wrong
@@bigmouthprick5852Demand changes, supply changes. Right now, demand is lower and supply is higher than ever.
Demand - IRS tax laws and high interest rates have made hiring less desirable.
Supply - A generation of zoomers were told by influencers that you can get a six figure job while doing minimal work after graduation. So now you have a massive supply of graduates. Many of whom are not smart, didn’t go to prestigious schools, and are pretty much screwed and have to get a job not related to their field of study.
Yeah but that is true of all college jobs. At least every engineering field. I graduated in 2007 and salaries are basically the same today as they were then. There are just so many people out there with these degrees now.
@@bigmouthprick5852 true for engineering it’s hard. But software is even worse. I have friends who haven’t found decent paying jobs for over a year. Companies are outsourcing work to other countries for low wages.
This this this!!! And like a whole series dedicated to the absolutely stupid shit coming out of Silicon Valley. Like every tech bro and their roommate building something that essentially is really expensive piece of nothing.
Every single time I watch one of these videos, I just say "What a good video"
Love the work, will not call it content because it does not feel lazy, I truly appreciate the work put into them and can't wait for more
Well, to their credit, the channel is named as "good work" so yeah.
The genius of these videos cannot be overstated. Literally perfect
Just wanted to say thanks for the “good work” out there. This is really reminding me of the Daily Show in its Heyday (but with even better Journalism of course)
Dan Toomey x Scott Galloway is the team-up I didn’t know I needed
+1
A reverse Prof G Podcast where Dan hosts and Scott is the guest would be epic.
This is a local exercise shop where business students go to learn how to run from the SEC 😂😂😂😂😂
Top 5 all time lines
agreed LOL
Bro is dressed like a 1950s detective
It’s very Columbocore
You must be new here.
Same comment on all of the videos on this channel.
Also this. All videos.
Cool drip ngl
Awesome that you got to interview those professors. Definitely need the full interviews! I remember watching Freeman's videos in business school...can't believe he's like this in real life haha
As a consultant/contractor who works for myself (and I had worked at a consultancy) for the last 18 yrs in London and I had worked with the top 10 MBAs in the world. My observations are, they were generally mis-sold to what they had "learnt" a lot of them had regretted but with 6 figures loans. My observations are, you do an MBA due to mainly 4 reasons. 1 getting into investment banking, 2 consultancy, 3 start your own business and 4 go back to your old work/industry and get a job which is maybe a role above what you had left from. Beside getting into investment banking (where you need it as your foot at the door), I see the other 3 options doesn't need an MBA. Consultancy unless you go to top tier like McKinsey or BSG. Deliotte will have you anyway, they will human traffic you to clients and will groom you. Save the money of you MBA and start your business. For going back to your prior job /industry simply work harder or upskilll practical skills to get promoted. MBA is a club and it protects its members like a cult. For me I would not hire any MBAs, as they get told they are awesome but can't even do an Excel vlookup or expect things to just work
I went to MIT Sloan full time MBA and don't fit in your 4 things. I went from being an engineer to now finance/business dev/asset mgmt at a Renewables startup (clean hyrdogen/ammonia). Maybe not considered startup as it has a $500 mil valuation. I made it to final rounds with McKinsey and BCG and got rejected. Sucked ass I fucking put everything into it. Turned out to be okay bc I now work prob 50-60% of the hours they do (30 to 35 hrs a week) and I make prob 85% of what they do, and if we get the funding for our project (which we're halfway there and have a lot of interest), I'll be making $400k a year as the project valuation is 8x what the company valuation is. We'd sell it in 4 years.
Getting rejected final round (twice from Mckinsey) and BCG may be best thing that happened to me. We'll see.
These students aren't learning good lessons, but they are learning the right lessons
"Fun is relative" I like her
This is one of your best videos yet, I could have watched another ten minutes of this! Great interviewees this time around, too
This channel is a godsend.
These videos are brilliant. You truly have one of the best RUclips channels around
I work at a top 3 PWM/IB Firm and got to say, you are on point with so much. Love your work, your humor is on point. Never stop
For those who don't know the acronyms?
@@customjuicesPWM = Private Wealth Management and IB = Investment Banking. Different type of finance jobs.
Private wealth management / investment banking. Basically pandering to rich fucks and making them stupid money so that their generational wealth can terrorize us all forever.@@customjuices
@@customjuices I'm guessing private wealth management and investment banking.
this video was really next level, I don't know how but you made this topic kick ass - pls everyone give this channel money so they can continue their epic good work
As a consultant applying to business school, I'm happy you uploaded this!
“If education doesn’t solve a problem, then it is a problem; If the educated do not solve problems, then they are the problems.” ~ Ernest Agyemang Yeboah
Can we get a team of consultants to set up a meeting, to discuss when to set the presentation for the next meeting?
This is the most important channel on RUclips
Business School Students: “You got into Business School?”
Dan: “What? Like, it’s hard?”
really depends on the business school tbf. Yea if we're talking University of Virginia, its probably pretty easy. Try getting in LSE or Bocconi however and you'll quickly find its not as easy as you'd think
As someone with a PhD. I can’t stress enough how unbelievably overrated university degrees are.
In what way do you mean?
If you're referring to the fact that while most jobs require a degree as a barrier to entry the degree isn't necessary to do the job, I would mostly agree. Most jobs don't really utilize the things you learn in school and many jobs now require degrees they didn't 30 years ago, without the job changing by any significant manner - a phenomenon an Atlantic writer called something like credential inflation.
If you mean that getting a university degree isn't worth it, the data on that is very much clear that it is. In terms of job prospects and lifetime earnings, university degrees are extremely valuable and one of the biggest determining factors of whatever upward mobility is still possible these days.
Of course that is for undergraduate degrees, not graduate degrees. And how valuable an Ivy League degree is over any degree, such as from a state school, and whether it's actually the degree or the connections you make, is much more contested and demographically specific.
Depends on the degree
@@Catwomen4512 It is all a matter of degrees.
@capnmnemo even professional degrees like engineer, nurse, doctor or lawyer?
Pretty sure for these you actually use what you learned
It's just a piece of paper to check off a box for HR. Make that $$$ with that paper slip.
This channel is the most enlightening comedic masterpiece-producing vessel on this platform. So funny!
thank you adam
God I love the business ethics prof
He's at least self-aware its all a huge scam/garbage fire.
You are one of the few creators that I genuinely stop whatever I'm doing to watch!
I used to be a consultant with one of the big 4 and imo there are two types of consultant - those who roll up their sleeves and get shut done and those who manage. The latter are the useless ones, but they are also the more likely to get promoted.
That game in your profile looks nice :DD
5:27 “fun is relative” 😭
I remember I got accepted to UC Riverside MBA program. And it seemed like they wanted me more than I wanted them especially considering I had a 2.8 GPA in my undergrad in civil engineering and my GRE scores were average. I even wrote some fake recommendation letters to see if I could get in but I put in little effort in those letters. They were sloppy. Days later, I got an acceptance letter. They further tried to entice me by saying UC Riverside MBA program’s connection UCLA MBA’s program. After seeing the minimum $80K of student loan debt I would amass in 3 years at UC Riverside, I declined. I chose San Diego State’s master program in engineering. It cost me nothing after financial aid. Glad I made that decision. A UC Riverside MBA degree would’ve been worthless and I would’ve been sitting on over $100K in student debt. I see why these business schools love to accept underqualified students into their program. They don’t care if you graduate or not. They just care about making money off each student even it ruins his or her young life.
Bro your work audiovisually, editing wise, comically and of course: INFORMATIVE, it's top notch, congrats for real a keep it up
I read on reddit how someone was defining consulting. She was like we talk in a meeting about a bunch of things then go to another meeting to talk about what you just talked about in the last meeting. And get paid like $300k/yr doing it. I wish I was smarter
They aren't smarter they were just born rich and well connected
Consulting is basically just a fake job where you do a couple hours of work a week instead of a full 40 hours and get paid absurd amounts of money for it , it's a giant scheme for rich executives to give fake jobs to their rich children
Manhattan is full of these do nothing rich kids who work as consultants
I worked at the gym these students go to for the most part. I can confirm they're all exactly the same.
Professor Freeman is an absolute baller at Handball, btw
is there a WMBA too?
"After chopping it up with the boys," right after dropping, "That's a crisis.😮"
🤣🤣🤣
1) Dan, you need your own Comedy Central show
2) I love Adam Grant & that windowless office will haunt me
No he doesn’t. RUclips is just fine.
Ironically, I’ve just started considering an MBA or doing a specialised masters in my tech field. Sooooo glad I saw this. Thanks Dan, wouldn’t wanna end up in consulting, eh?
That business ethics guy is so funny
3:08 is hilarious. love it.
Can’t believe I just stumbled upon this channel. You rock, sir.
Love Dan Toomey. True story, tried to hire him.
We keep trying to fire him but he won't leave.
Oh dang, it's the Sultan himself.
Take it from someone with didn't go to one of the top schools with an MBA, it's definitely not worth it. I've even started to leave it off of my resume.
MBA are for rich kids who have rich parents, so that their parents can justify paying absurd salaries to basically young kids with no experience to do basically nothing
They basically spend all day working out, playing tennis and maybe once a week attend a meeting where they pull out a PowerPoint and bullshit
Then they collect their 100k->200k salaries
Many of these consultants live in places like NYC the playground of the rich
And these leeches basically do nothing all day, you can see them milling around in Manhattan all day. Seemingly never working
Why wasn't it worth it? #curious. Was it because it wasn't a top school?
@akadaafrica5841 probably because the MBA is worthless, it's only useful if you have rich parents who can use their connections to get you a bullshit job that requires 2 hours of work a week and nets a 200k salary
Dumb idiots will fall for the scam, the average salary, median salary is extremely misleading
@@akadaafrica5841 Yes, people who are hiring MBA's are 100% deciding whether you're hirable or not based on the name of the school on the resume. I went to MIT Sloan full time MBA and getting a call back on a resume or response happens pretty easily.
LMAO Dan getting red in the forehead to commit to the joke "You gonna back me up here?" 9:45
Being a young college dropout entrepreneur and having run a 30 people tech company; I shiver encountering these MBAs, they can bulldoze my decade long experience real life with their 2 years of world class training in Jargon and Bullshitting (popularly known as consulting); Damn - 4:56.
0:12 The most Karl Marx looking business school professor I've ever seen.
So he knows aht he's talking about 😂
Being the child of MBA alumni, I can say you will never stop hearing in how you should do an MBA!
Alumni is plural.
@@brendan4917 Thank you, I was questioning myself the entire time!
I think they are convinced the market treats mba's the same way it did when they were in school and they see it as akin to having an engineering degree or something.
They also don't have a concept of the debt that comes with those degrees in 2024 because they think that the high paying jobs that lined up for them still do so today.
My father got an MBA in Healthcare Admin and went straight into private/state Healthcare analysis. He worked in it for 13 years, purchased a home, resold it, and almost made a 6 figure salary before he left the industry. I can understand why he thinks it's a golden bullet and why hes confused i wouldn't pay for one, but he also has lots of student loan debt from the degree so I can't understand why he wants me to get one💀😂
When good work posts, its a drop everything instant click
I was just living my life thinking I was cool studying business and going to consulting case competitions.
this video thought me I’m not. What to do?
There's no such thing as an honest businessman. Take it to heart.
Whoever invented business school is a genius, had I gotten my MBA before opening my lemonade stand, my life would be totally different!
The deep sigh at 4:08 has me on the floor 😂😂😂
She's so done with it all and I feel for her ✊
She really couldn't hold it in 🤣