I got mine in 1982 and it helped me a lot. Furthermore, when I became a senior manager and was responsible for promotions, I appreciated that the person I preferred, had some sort of professional distinction, e.g. MS, MBA, CPA, CFA. That made it easy to justify my decision. I always urged my subordinates to invest in themselves and the earlier in their career, the better. Edit: I realize I omitted any discussion of the cost of an MBA vs the benefits. I got my MBA at night (working full time), so I didn't lose income and the program was paid by my GI Bill benefits and my employer. I think if you have to pay for it and go full time (day) and lose income, then maybe it's not worth it.
Chem E. undergrad who graduated with an Executive MBA from a top 10 school in 94. It was two long, hard years working and going to school at the same time. Fortunately, my employer paid for the MBA. The MBA did virtually nothing for me career-wise. NO, it was not worth it. What propelled my career to good $ was pivoting into IT in 1998. My time would have been better spent in with friends and family, hobbies and entrepreneurial pursuits rather than pursuing an MBA. Like many degrees, it is mostly a worthless piece of paper.
My brother in-law says the same. He is a chemical engineer and graduated UCLA MBA. I asked him over the years if one should still do it. He said no. I don't know anyone personally who has benefitted from an MBA. It can benefit someone but only a select few. There are just too few jobs to accommodate all the grads coming out.
The MBA degree is now overrated and overpriced due to the saturation and surplus of people with MBA degrees. It comes down to supply and demand. The supply of MBA's exceeds demand!
Top MBAs are overrated. 9k for accredited 1 year online business education is useful. group projects and networking is useful. knowing how to operate a business, advertise, etc is useful
I think people are also beginning to realize that MBA skills don't suit all businesses and don't necessarily bring value, especially if you already have multiple other managers/execs with MBAs able to give the textbook MBA answer. For example, Boeing has been all over the news for years showing how pennypinching MBA tactics practically destroyed a company's reputation and value. They and many others like Intel are pivoting towards CEOs with engineering backgrounds and more experience on the product development side of the business. That's horrible PR for MBAs.
@@tigerstallionan online business degree is not useful unless you already have a job in business, if you do not.. the networking will not be sufficient in an online class
You don’t need to pay a fortune for a high quality MBA, mine was at very good price, and I consider it one of the best investments I’ve made. But, I’m not doing it to be an employee; I’m doing it to build my own business. If you study solely to become an employee, you might never achieve your dreams. Don’t pursue education based on promises of future salaries from employers or universities. Study what will truly help you reach your goals, something that enables you to work for yourself, start your own business, and make money from day one. Education should empower you to be independent, not reliant on others.
But why did you need a MASTERS IN BUSINESS to run your own business, like I can even understand a bachelors in business admin or entrepreneurship But in terms of running your own business, what’s the difference between a BS and a MBA
@@notreallyafamousartist695 That’s a really great question! While a Bachelor’s in Business Administration gives you a solid foundation in business concepts, an MBA takes things to a much deeper and more practical level, like going from knowing how to drive a car to being able to build one without accidentally leaving out the brake pedal. For example, there’s a subject called Data-Driven Decision Making, where we used tools like multiple linear regression to answer every critical question you can imagine, such as, What’s the right size for your shop? (Hint: It’s not always what you think, and no, your friend’s opinion doesn’t count.) These are questions you can’t afford to guess about, unless you’re a fan of flipping coins and hoping for the best. Another subject, Accounting for Decision Making and Control, taught us about scorecards and managerial accounting, showing how to restructure companies from A to Z. We learned how to map every process and even put a value on intangible factors like well-being, colors, smiles, or weather. If you can’t measure it, you can’t control it, and if you can’t control it, you’re basically just rolling the dice and hoping for the best. And that’s the kind of advanced, practical knowledge an MBA provides. Oh, and by the way, my MBA cost me $13,950 for the full program at a public university, proof that you don’t need to break the bank to get a high-quality education. At the end of the day, investing in yourself is always a win.
@@notreallyafamousartist695 That’s a really great question! While a Bachelor’s in Business Administration gives you a solid foundation in business concepts, an MBA takes things to a much deeper and more practical level, like going from knowing how to drive a car to being able to build one without accidentally leaving out the brake pedal. For example, there’s a subject called Data-Driven Decision Making, where we used tools like multiple linear regression to answer every critical question you can imagine, such as, What’s the right size for your shop? (Hint: It’s not always what you think, and no, your friend’s opinion doesn’t count.) These are questions you can’t afford to guess about. Another subject, Accounting for Decision Making and Control, taught us about scorecards and managerial accounting, showing how to restructure companies. We learned how to map every process and even put a value on intangible factors like well-being, colors, smiles, or weather. If you can’t measure it, you can’t control it, and if you can’t control it, you’re basically just rolling the dice and hoping for the best. And that’s the kind of advanced, practical knowledge an MBA provides. At the end of the day, investing in yourself is always a win.
@@notreallyafamousartist695 That's an excellent question! A bachelor’s in business administration lays a strong groundwork in business principles, but an MBA elevates your understanding to a whole new level. Think of it as going from knowing how to drive a car to having the skills to build one from scratch, without leaving out crucial components like the brake pedal. for example, the course on Data-Driven Decision Making, where we employed tools like multiple linear regression to answer an endless amount of vital questions. For instance, what’s the ideal size for your shop? The answer might challenge your assumptions, another critical subject was Accounting for Decision Making and Control, which focused on scorecards and managerial accounting. We learned how to restructure organizations from the ground up, carefully mapping each process and assigning value to intangible elements, like emotions or colors. A good example would be the Amazon case in which they did an experiment and found that having, the shopping cart on the right vs the left of the website created more sales. In managerial accounting, the principle "If you can't measure it, you can't control it" emphasizes the importance of quantifiable metrics in managing and improving business processes, as a rule of thumb, consider an MBA program that is not more than 5 to 10 times your monthly income. Additionally, ensure that the program is AACSB accredited, that being said, at the end of the day, investing in yourself is always a win.
If your undergrad is non-business, then an MBA may be offer a valuable complimentary skill set or prove to be a useful differentiator. Beyond that, any expectations are likely to prove disappointing. My undergrad was engineering, got tired of being told to "stick to engineering" when the financial gurus were blowing smoke so went back for the ubiquitous "executive MBA." Company paid. Stressful process, but no regrets, very profitable decision for me and the company that paid for it.
As an older guy from the UK, I am surprised that folk are still buying into the MBA route into big incomes in management. Even in the 1980s, they seemed to be overly promoted, as against Maths, Science, Engineering, Accounting, Merchant Navy and a host of vocational courses intended for meaning employment.
The problem I saw in my career was they promoted the guy with the MBA to management over the technical degree personnel. In the USA, it was the ticket punch to get into management. If you had your masters in science, they kept you in the engineering role.
the problem is that primary education sucks and the media lies so an MBA is one of the only ways to know how business, finance, accounting, marketing, etc actually work. Most people I know, including engineers and doctors, have totally wrong misconceptions about how business, money, advertising, etc actually works.
I looked at their program. I just finished paying for my undergraduate loans after 13 years. I saw the price per year and even after my company helps pay, I’m not falling for that trap again 😏😏
@@mr.bluenotedoobop Good choice. There is only one entity guaranteed to benefit from the MBA and it is the educational entity promoting,/providing the MBA
MBA's with zero to no tech hands on experience will always be a bit scared...unless they can bs their way out of any situation. But then what kind of living is that?
Dang sis, wishing you the best. I stopped after bachelors degrees bang and worth the buck a lot of the time. Have you taken certifications? Your job pay for them? Way less expensive but skills based training for the job can be so useful.
It depends on what you consider high pay. I work in insurance and make six figures and my life is easy peasy lemon squeezey haha!! I'm not making millions but I'm doing very well.
Agree totally. MBA here, graduated in 1976. Made a nice living because I was one of the few who could collect and store data. We used to call them “underground spreadsheets”. In the early 2000’s companies started buying universal business applications and made our spreadsheets obsolete. I retired. Still keep up my spreadsheets at home.
I got my BA in Business Administration in 1995 at a Jesuit University in Southern California. I didn't pursue an MBA because (1) I had had enough of B-school and (2) I was told that the MBA courses were basically the same as the undergraduate Business Admin courses (except that the grad students supposedly had more experience than the undergrads). :( So, after undergrad, I decided to enroll in a tech school. Glad I did. In 1997, I started working in IT. My first job was desktop support. I eventually got into QA Testing (both manual and automation). IT / software has paid me well up until January of this year when my position was outsourced. :( So, I have about 17 more years until I hit 70 which is my target retirement age. In the meantime, I am pursuing Business Analyst positions. Given my background, I think a BA role makes the most sense. However, if I can't find work as a BA, I am thinking about getting a Property & Casualty Insurance License and continue working as an Insurance Agent. :) Thanks for Reading. Stay Strong All.
I think in 30 years, not only will Harvard MBA be worth less, Harvard degrees in general will be worth a lot less, the same goes for other universities. With the advent of AI, the oversupply of graduates and undersupply of plumbers, electricians, and beauticians etc will exacerbate.
@@Shineynsparkles Let's do this thought experiment. Today, when a graduate enters the workforce, they're replacing someone retiring or fill the need for additional hands, AI is there to help them achieve that. 30 years from now, a graduate will need to outcompete a robot that is already deeply entrenched in that position, may it be an architect, accountant, artist, or software engineer. Not only will a graduate not be able to outcompete, AI will widen the knowledge and productivity gap everyday. IMHO, Humans will always be better suited for jobs that require human interactions, not some professional service that can be done remotely.
@ I've been working in the software industry since 1997, back when web apps, 3-tier, MVC architecture were the craze and we were using CVS (that's right, it's not just a pharmacy) for version control. My original comments was: "oversupply of graduates". I'm not saying no one will want a degree or all the jobs will be taken by robots, but with the current rate of producing graduates, there's no way the industry can absorb all of them with the advent of AI. Just like MBA, the tech companies have also reduced graduates hiring, something me and other college parents are all only too familiar with. I'm not too worried about my kids since AI is still in its infancy, just like you said, someone still needs to create AI. But in 30 years, it'll be a totally different experience. By then, 90% of the software are already produced by machine, why do people still need a degree in order to code? Only those who want to research need a degree. The impact will be felt by the lesser known universities first, I'm not sure if the top tier universities will feel it, I guess only time will tell.
@ Technically you don’t need a degree to code now. You can self teach. However, getting a top tier SWE job without a degree is near zero and getting one with a target school degree is much easier. Why is that? Because corporations are lazy and recruiting talent is a cost basis rather than a revenue driver. They would rather these top tier institutions do all the recruiting/screening work for them. Thats never going to change. If anything, target school kids will have an even easier time recruiting in the future because college admissions have barely expanded but applications/demand has skyrocketed. There will be less competition for them.
As a manager 90% of my job is motivating people to do their theirs. This means talking to them individually, cajoling, convincing and sometimes threatening. Could someone tell me how AI would replace people management?
Full workplace/ device video and audio monitoring, social media monitoring, negotiation algorithm, counter-intelligence processes if the AI needs to do some grey area stuff, and the ability to hire and direct human contractors if a warm body is absolutely required.
Remember when people were saying that bank managers with local knowledge of their customers could not be replaced? Where are bank managers now? AI could do the manager"s job better - if it is seen as acting impartially and fairly - no office politics, no nepotism, no woke HR behaviour, no corruption, no bias in handling false allegations etc.
It is called law of diminishing marginal returns. If there is too much of everything, the value goes down, including water. If diamonds can be found everywhere like water and water becomes scarce like diamonds, the price or value of diamonds would go to almost zero and the price of water would rise to thousands of dollars.
@@timothydahlin5321 Yes, mine was $42k from 92-94. They are $$$. People should do a cost/benefit analysis before going. What will the 30 years return be on the $100,000 k invested. The ROI is just not there because, unlike professional degrees such as engineering, accounting, nursing, pharmacy etc, the MBA doesn't train you to do anything. It is helpful if a person would like to rise to a General Manager level of a business but very few of those roles are available. Most of the time, it is individual ambition and not the MBA that provides the return.
The only MBAs getting that as a starting pay are coming from elite schools. And they're dumping $200K in tuition and two years of their life to get that degree.
Degrees are now just paper on the wall. Everyone wants the easy life as a manager but no one wants to be the workers grunts. Right now the job market is towards blue collar jobs with a lot of them making in the six figures while college graduates are making around 80,000. It's supply and demand. There's an overabundance of people with degrees and under abundance of people with trade skills that willing to do hard labor.
Not true, I've done blue collar skilled trades and many don't play that especially right off the gate. The culture is also ratchet and unprofessional. There's tons of travel to construction sites far away, and if you are an apprentice you still have to attend night school which can be far from the job site. Grueling and physical not what it is cracked up to be long term buddy.
@supersaturn956 I was a mechanic for 8 years. They're paying 40$ an hour where I am at. Yes, the culture is rude and it's duty. People are a bunch of crap but the pay is there. They can't hire enough of us. I refuse to work in that field anymore because I have a nuclear physics degree but it's still good work
I am an individual contributor engineer in my 50’s and the “after MBA” paid less than my current salary. I have always been tempted since I want to stay relevant in my skills, but $200k isn’t worth it.
They never were useful. They stand for "Means Bugger All". I sold my business to an MBA. Within 6 weeks he had run the company into the ground and it closed. It was a 45 year old company in a good market. A three year old could have run it better.
MIT Sloan grad...the payoff for a top MBA is really landing that first job, typically with a top bank or consultancy. If you're not looking for that path, then I would def not recommend stepping away from a 6 figure job for 2 years of lost wages and the hope of accelerating your career.
The degree won't really do anything for you if you're black. They don't tell you that when you're applying for it and they're sending you the tuition bills. Wall Street and the leadership in business world still pretty much look the same as they did 50 years ago. Not much has changed on the executive level.
I'm considering the opposite approach. I figure there's the top-30 programs that everybody recognizes, and there's "the rest". There's a lot of price variation among "the rest", and nobody is going to care which MBA you graduated from if you're not among the top 30, so it makes sense to go as cheap as possible. There are ~$10k online MBA programs that have the same curriculum as the big boys, but that nobody has heard of. They'll give you the right to put an MBA after your name, and even if you only get 1% higher salary because of it, that's enough to justify the cost.
@@jrjr3412 Yeah, pretty much. At least for my kids I'm going to encourage them to choose an undergraduate program purely based on the experience it will give them. Either a program they love, or a city they love, or the chance to learn a language and experience a different culture - whatever excites them. After their first degree, there are countless cheap online options for a second or third degree that will help them with their careers. It's not like 18-year-olds know enough about working life to choose a career anyway. There's no point paying gobs of money for a degree you might never use.
there are 10k online programs that are just as name-recognizable as Top 30 programs. Most people have never heard of Babson and think Kellogg is a cereal company. Everyone knows LSU, Texas Tech, Oklahoma St, etc.
In 2020, I had raised $120K for masters programs and then the pandemic hit. Instead of taking admission in any of those high price unis in USA, I chose to take cheap but good online courses. Used that 120K for buying a small piece of land in the town and mortgaged it in the bank for $200K after 4 years in 2024. We used that money to construct a built up area of 12000 square feet(three stories) along the National highway and now that property is worth $500K in the market. The banks have agreed to increase my credit limit to $500K for further expansion. God willing, I will soon touch a million dollar in valuation and that is pretty good here in India for a 29 year old with no family background in business. I have no regrets for not going for an MBA or any other masters program offered at exorbitant costs. Use the internet for knowledge folks and rely on building assets for recognition, not degrees. May God grant y'all the good lives you all deserve.
@@tigerstallion Natural monopolies are actually important to allow to happen. If the differentiated value is not there, you need to consolidate to remain efficient. The issue is entry to market and lack of innovation. There is a natural churn. Consolidation is normal.
The original intention of the mBA, was to to get technical people in cs and engineering the business skills needed to succeed in a management environment, now every other Non-Technical business person got one
15-20 years ago it was almost " required" to have an MBA in corporate America.....Due to rising costs and simultaneously companies not wanting to pay more I think that situation has changed. Now it seems like companies have dumbed down their requirements for all but a select few that they are grooming for top management. They used to want even middle managers to have MBA...that is not the case now..or at the very least they are not going to pay extra for a middle manager to have an MBA
Daughter just got her MBA last year in an accelerated one year program immediately after undergrad. She’s making low six figures at a great company which is not bad considering her prior work experience was all retail
I am never surprised by how much people exaggerate the cost of college degree's. The current cost of an MBA at most State schools throughout the country is about $25k-$30k for traditional programs, and that includes tuition, books, parking fees, computer fees, athletic fees, etc. The executive/professional/etc. MBA's are around $40k-$45k. I actually looked up UT "15 years ago" prices. Their traditional MBA would have cost you around $25k back then. Today its about $42k. So this claim of "$154k" is just a flat out lie. Housing, food, transportation, personal expenses, and so on, are not part of the cost of college. You need those things no matter what, and in no way, shape or form are they part of or interchangeable with the word tuition. Only tuition is included in tuition, and that plus books and mandatory fees are the cost of college. And, BTW, millions of people currently in the workforce got a free or nearly free college education through scholarships, GI Bill, and/or employer tuition reimbursement programs. It's complete and total nonsense to suggest one must spend "$154k" for any level of college education outside of maybe medical doctors. Corporations have been trying to get rid of middle management for decades, and it always fails miserably. It is merely a very short term tactic to boost profits near economic/cycle tops. Then the business and/or economy at large slows down/becomes unprofitable/crashes, and the first people hired or promoted up in the recovery are to middle management. The entry/lower level get hired later. I've seen this happen over and over and over again, and CEO's always come up with some clever story as to why this time is different and that proves out to be 100% false. The fact is they can't operate efficiently without middle managers beyond the very short term, and AI is just another clever story that will end up being a fairy tale.
I got my MBA in 2015 from an “okay” business school and took an entry level role at a bank in their IT audit department. $73.5k annually. I could have probably gotten the same role with my BS; however, fast forward 10 years and now I’m in a leadership role and have plenty of opportunities to keep progressing in my industry, which would not have been available if I only had my BS. I do notice plenty of MBAs out there that are struggling, so maybe I’m the anomaly.
It can’t help that so many schemer dreamer types get them and give a bad rap. I have so many stories and an MBA is always a common denominator. It’s not the schooling but the type of person is what I’m saying.
I hope my fellow scientists and engineers will forgive me, but,...anybody can be educated to be a medical doctor, or a physicist, or a mathmatician, or an accountant or an engineer. However, it takes the right genetics and luck,...yes luck to be an Einstein, Miles Davis, Mozart, a Nikola Tesla or an Elon Musk. When I was at the university, the most un-inspiring people I met were Business Majors and MBA students.
as much as i know not sure about the US system but some sectors of finance are extremely understaffed and have a 70% of retirement rate in the next years accounting has great opportunities and they will need not just bookkeeper lvl of people but managers and specialized roles as well not everything can be outsourced or AI managed atm so people should look into that
Spot on analysis. Even with the devastating career reports from this past year's class, still 70%ish still graduated with likely great outcomes. With that said, I'm bearish on the future of MBAs, outside the top programs
As a MBA, i would get a Masters into something specific like Accounting, Supply Chain, Data Analytics or Finance. Too many MBAs these days and the skill set is too general. Certifications and skills based training is also more practical.
Only go if you can go for cheap. I went to top 20 school for less than 50k and was making 100k more after graduation. It was a nice break from corporate America too
I'm mixed on the whole experience - I graduated 10 years from a state school. I have friends in my class who make 4X what they would have made otherwise. I had a rockier road. I will say, if there's a glut of MBAs, what's with all the companies whining about not being able to find managers? Is it because *GASP* they simply refuse to pay people what the hassle is worth?
All the negativity in the comments while I can pull out 6 examples in my personal life of people graduating from T50 MBA programs and 2-2.5x'ing their income. My brother in law just graduated and already signed for a job with $245k TCE. The reality is, a lot of top roles within finance orgs hire directly from MBA programs and it will be worth it if Finance is your goal.
Thanks for sharing, when I read the comments a lot of people are sharing opinions out of jealousy and hatred. I know someone who graduated from not a top 25 school and makes $185 at EY. I think it’s based on preference and in my opinion if you’re doing an MBA aim for the top schools and find part time programs.
@bern8378 yes it is likely out of jealousy.. The same occurs on forums like Reddit. The issue is, some people will be unsuccessful no matter what degree they get because of their personality traits. These people join echo chambers and make it seem like the world is burning. I would like to disagree about the part time thing as well. I think it's best to do the full time program and get the most out of the two year study-cation to network and refresh yourself.
Most jobs consist of discrete tasks that have real outcomes. I think companies are starting to realize that paying a lot of money for an MBA to turn around and “manage” the actual doers of tasks, or outsource to consultants, is a waste of resources. Just like the best teachers are experts in their subject matter, the best managers were high performers in their domains. Having some vague “management skills” is worthless.
You can essentially say the same thing for Bachelors..at todays prices, only top 5% schools are worth it. I thank goodness I never wasted $ or time on an MBA. Got into tech after a worthless BA and that's what helped me do well.
I feel like another talking point he is missing out on are the cheaper universities like i went to and got my MBA for about 15k (student athlete covered 50% scholarship) but as long as your not applying to the most competitive jobs in the world, just having MBA on your resume can do a lot for you 🤷🏾♂️
I wished I learned welding, or forklift operating, and studied aerospace engineering as a hobby, or applied for a plasma physics PhD program in the USSR.
Despite having a Bs. in Computer Engineering, American and European companies doesn't care about Brazilian Universities. My MBA in US only will cost 25k and companies around the world will look me with new eyes. I believe that's the plan. I don't want a 300k salary, an 80k would be great
I don't think it's been worth it for a while. If you go to an elite school full time a year or two after undergrad then you'll probably still see a positive return on investment but part time programs and non-selective programs aren't really buying you much anymore. They basically just check a box but that box doesn't even exist at most employers. Also, your background matters more than it used to. If you don't have an undergrad and experience that pairs well with banking, consulting, or tech then you're going to have a hard time getting into those industries and thus won't get as much out of an MBA financially. With that said, I don't think grad school in general is that safe of a bet anymore. It really depends on the field.
MBA plus work experience might work, but realistically it's not for everyone. It might open doors if you met the right people or living in the right social economic class and race.
And I don't have to bet that all you have is ad homenim attacks due to lack of substance. I also don't have to bet that you haven't managed to unplug MSNBC from your sheepish brain. You in fact couldn't be more wrong, but I wouldn't expect more from an indoctrinated parrot.
And I bet you don't have the capacity to seperate media generated narratives from reality. I actually was raised and live in One of the largest cities in the U.S. and have degrees in the sciences and engineering. But who amI to try to remove a parrot from the shoulder of MSNBC?
I disagree. If your employer is paying for you to get a generic MBA why not? Not everyone needs $200k a year. Otherwise it is a highly situational degree.
Horrible advice. The Top15 / Top30 are losing their value against the lower MBAs. MBA is fine as long as you arent paying 100k+ to act like an elitist. Most businesses outside of the northeastern corridor would probably prefer you did a local MBA as opposed to "top-rated" New England/California MBA. If you want to work in Arizona, youre better off getting an MBA from Arizona than Cornell. I've lived in a few major cities and lots of folks tend to dislike Ivy League grads. Theyre associated with adolescent hormone therapy, entitlement, not getting their hands dirty, etc.
Interesting to watch this video, the impression is the real delivery on enterprise operation of a MBA. Jack Welsh was great on his Six Sigma innovation, but the hardest part how much the real savings and profit improvements were ended up in bank accounts. 99% quarterly reports never attributed the impact of such imitative. Why? It makes too complicated and easy to lose track of it. Hardly to think BCG(Boston Consulting Group) Matrix ever applies to Intel. BTC(Brain to computer) interface is the last frontier of human civilization, AI is just a prelude. Why? On average, human wasted 20 years to get the phd degree. All knowledge has well be stored in a monster database, a systematic downloads from computers to a human brain only take about a month, no need to waste millions hours to repeat. Some one pushed this idea to Intel to make it happen. The cost may be $100 billion, but payouts will be in multi-trillions. Sigh, they could not get it to be the star in the matrix.
im 24, own a house and worth ~3m. I just clicked on this video and have to say, I genuinely couldnt tell you what MBA stood for when i got here LOLOLOL
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
I obtained my MBA in 1986...Its never been of use for me...Never helped me get a position
But did you go to a top school like t20
@@bacoolmy pal went to penn mba, now he s a lonely daytrader, albeit a pretty successful one.
I got mine in 1982 and it helped me a lot. Furthermore, when I became a senior manager and was responsible for promotions, I appreciated that the person I preferred, had some sort of professional distinction, e.g. MS, MBA, CPA, CFA. That made it easy to justify my decision.
I always urged my subordinates to invest in themselves and the earlier in their career, the better.
Edit: I realize I omitted any discussion of the cost of an MBA vs the benefits. I got my MBA at night (working full time), so I didn't lose income and the program was paid by my GI Bill benefits and my employer.
I think if you have to pay for it and go full time (day) and lose income, then maybe it's not worth it.
pre 2012 mba finance in top 70 would get you a good job
@ BS from Rutgers, MBA Golden Gate University/...Basically was ticking a box while in the USAF
Chem E. undergrad who graduated with an Executive MBA from a top 10 school in 94. It was two long, hard years working and going to school at the same time. Fortunately, my employer paid for the MBA. The MBA did virtually nothing for me career-wise. NO, it was not worth it. What propelled my career to good $ was pivoting into IT in 1998. My time would have been better spent in with friends and family, hobbies and entrepreneurial pursuits rather than pursuing an MBA. Like many degrees, it is mostly a worthless piece of paper.
My brother in-law says the same. He is a chemical engineer and graduated UCLA MBA. I asked him over the years if one should still do it. He said no. I don't know anyone personally who has benefitted from an MBA. It can benefit someone but only a select few. There are just too few jobs to accommodate all the grads coming out.
The MBA degree is now overrated and overpriced due to the saturation and surplus of people with MBA degrees. It comes down to supply and demand. The supply of MBA's exceeds demand!
People always seem to forget that scarcity creates value.
Top MBAs are overrated. 9k for accredited 1 year online business education is useful. group projects and networking is useful. knowing how to operate a business, advertise, etc is useful
I think people are also beginning to realize that MBA skills don't suit all businesses and don't necessarily bring value, especially if you already have multiple other managers/execs with MBAs able to give the textbook MBA answer. For example, Boeing has been all over the news for years showing how pennypinching MBA tactics practically destroyed a company's reputation and value. They and many others like Intel are pivoting towards CEOs with engineering backgrounds and more experience on the product development side of the business. That's horrible PR for MBAs.
@@tigerstallionan online business degree is not useful unless you already have a job in business, if you do not.. the networking will not be sufficient in an online class
@@notreallyafamousartist695 you dont need networking to land a job. just an application
You don’t need to pay a fortune for a high quality MBA, mine was at very good price, and I consider it one of the best investments I’ve made. But, I’m not doing it to be an employee; I’m doing it to build my own business. If you study solely to become an employee, you might never achieve your dreams. Don’t pursue education based on promises of future salaries from employers or universities. Study what will truly help you reach your goals, something that enables you to work for yourself, start your own business, and make money from day one. Education should empower you to be independent, not reliant on others.
Great advice!!
But why did you need a MASTERS IN BUSINESS to run your own business, like I can even understand a bachelors in business admin or entrepreneurship
But in terms of running your own business, what’s the difference between a BS and a MBA
@@notreallyafamousartist695 That’s a really great question! While a Bachelor’s in Business Administration gives you a solid foundation in business concepts, an MBA takes things to a much deeper and more practical level, like going from knowing how to drive a car to being able to build one without accidentally leaving out the brake pedal. For example, there’s a subject called Data-Driven Decision Making, where we used tools like multiple linear regression to answer every critical question you can imagine, such as, What’s the right size for your shop? (Hint: It’s not always what you think, and no, your friend’s opinion doesn’t count.) These are questions you can’t afford to guess about, unless you’re a fan of flipping coins and hoping for the best. Another subject, Accounting for Decision Making and Control, taught us about scorecards and managerial accounting, showing how to restructure companies from A to Z. We learned how to map every process and even put a value on intangible factors like well-being, colors, smiles, or weather. If you can’t measure it, you can’t control it, and if you can’t control it, you’re basically just rolling the dice and hoping for the best. And that’s the kind of advanced, practical knowledge an MBA provides. Oh, and by the way, my MBA cost me $13,950 for the full program at a public university, proof that you don’t need to break the bank to get a high-quality education. At the end of the day, investing in yourself is always a win.
@@notreallyafamousartist695 That’s a really great question! While a Bachelor’s in Business Administration gives you a solid foundation in business concepts, an MBA takes things to a much deeper and more practical level, like going from knowing how to drive a car to being able to build one without accidentally leaving out the brake pedal. For example, there’s a subject called Data-Driven Decision Making, where we used tools like multiple linear regression to answer every critical question you can imagine, such as, What’s the right size for your shop? (Hint: It’s not always what you think, and no, your friend’s opinion doesn’t count.) These are questions you can’t afford to guess about. Another subject, Accounting for Decision Making and Control, taught us about scorecards and managerial accounting, showing how to restructure companies. We learned how to map every process and even put a value on intangible factors like well-being, colors, smiles, or weather. If you can’t measure it, you can’t control it, and if you can’t control it, you’re basically just rolling the dice and hoping for the best. And that’s the kind of advanced, practical knowledge an MBA provides. At the end of the day, investing in yourself is always a win.
@@notreallyafamousartist695 That's an excellent question! A bachelor’s in business administration lays a strong groundwork in business principles, but an MBA elevates your understanding to a whole new level. Think of it as going from knowing how to drive a car to having the skills to build one from scratch, without leaving out crucial components like the brake pedal. for example, the course on Data-Driven Decision Making, where we employed tools like multiple linear regression to answer an endless amount of vital questions. For instance, what’s the ideal size for your shop? The answer might challenge your assumptions, another critical subject was Accounting for Decision Making and Control, which focused on scorecards and managerial accounting. We learned how to restructure organizations from the ground up, carefully mapping each process and assigning value to intangible elements, like emotions or colors. A good example would be the Amazon case in which they did an experiment and found that having, the shopping cart on the right vs the left of the website created more sales. In managerial accounting, the principle "If you can't measure it, you can't control it" emphasizes the importance of quantifiable metrics in managing and improving business processes, as a rule of thumb, consider an MBA program that is not more than 5 to 10 times your monthly income. Additionally, ensure that the program is AACSB accredited, that being said, at the end of the day, investing in yourself is always a win.
I get asked about joining an MBA once a week and ignore all of them, waste of time and money.
If your undergrad is non-business, then an MBA may be offer a valuable complimentary skill set or prove to be a useful differentiator. Beyond that, any expectations are likely to prove disappointing. My undergrad was engineering, got tired of being told to "stick to engineering" when the financial gurus were blowing smoke so went back for the ubiquitous "executive MBA." Company paid. Stressful process, but no regrets, very profitable decision for me and the company that paid for it.
Engineering undergrad and mba is a filthy combo 😭😭🔥 respect tbh
That's what the true intention of the MBA was, was to get technical people the business skills they needed to succeed in being good managers
Someone who has a top tier MBA, answer is:
Nope!
As an older guy from the UK, I am surprised that folk are still buying into the MBA route into big incomes in management. Even in the 1980s, they seemed to be overly promoted, as against Maths, Science, Engineering, Accounting, Merchant Navy and a host of vocational courses intended for meaning employment.
The problem I saw in my career was they promoted the guy with the MBA to management over the technical degree personnel. In the USA, it was the ticket punch to get into management. If you had your masters in science, they kept you in the engineering role.
the problem is that primary education sucks and the media lies so an MBA is one of the only ways to know how business, finance, accounting, marketing, etc actually work. Most people I know, including engineers and doctors, have totally wrong misconceptions about how business, money, advertising, etc actually works.
Graduated from MIT Sloan in 2019. Laid off in 2020 and again in 2023. Been unemployed since then. I regret my MBA
I looked at their program. I just finished paying for my undergraduate loans after 13 years. I saw the price per year and even after my company helps pay, I’m not falling for that trap again 😏😏
@@mr.bluenotedoobop Good choice. There is only one entity guaranteed to benefit from the MBA and it is the educational entity promoting,/providing the MBA
But what did you do post mba that you got laid off from. Consulting or IB?
That's the big question. Hoping to use the MBA to pivot to IB or consulting@@bacool
if youre not in New England, DC, Chicago, California, etc people probably dont want Ivy Leaguers, MIT, etc running their business
If even MBAs are having a hard time getting a job, you know we're all screwed.
I feel more so it's the fact they are top tier ivy league graduates and still can't find a job
Yup
@@125asd9ivy leagues sanitized their own product by lowering standards.
Nah, they just recognized Harvard isn't what it use to be. All a bunch of Nazis now lol.
MBA's with zero to no tech hands on experience will always be a bit scared...unless they can bs their way out of any situation.
But then what kind of living is that?
Got mine in July.. & nothing. Not even a promotion. 😵💫
Dang sis, wishing you the best. I stopped after bachelors degrees bang and worth the buck a lot of the time. Have you taken certifications? Your job pay for them? Way less expensive but skills based training for the job can be so useful.
I don’t even need to listen to this..100% not worth it. Only paths to high pay are: 1. Start your own business. 2. Sales
It depends on what you consider high pay. I work in insurance and make six figures and my life is easy peasy lemon squeezey haha!! I'm not making millions but I'm doing very well.
Agree totally. MBA here, graduated in 1976. Made a nice living because I was one of the few who could collect and store data. We used to call them “underground spreadsheets”. In the early 2000’s companies started buying universal business applications and made our spreadsheets obsolete. I retired. Still keep up my spreadsheets at home.
I got my BA in Business Administration in 1995 at a Jesuit University in Southern California. I didn't pursue an MBA because (1) I had had enough of B-school and (2) I was told that the MBA courses were basically the same as the undergraduate Business Admin courses (except that the grad students supposedly had more experience than the undergrads). :(
So, after undergrad, I decided to enroll in a tech school. Glad I did. In 1997, I started working in IT. My first job was desktop support. I eventually got into QA Testing (both manual and automation). IT / software has paid me well up until January of this year when my position was outsourced. :(
So, I have about 17 more years until I hit 70 which is my target retirement age. In the meantime, I am pursuing Business Analyst positions. Given my background, I think a BA role makes the most sense. However, if I can't find work as a BA, I am thinking about getting a Property & Casualty Insurance License and continue working as an Insurance Agent. :)
Thanks for Reading.
Stay Strong All.
I think in 30 years, not only will Harvard MBA be worth less, Harvard degrees in general will be worth a lot less, the same goes for other universities. With the advent of AI, the oversupply of graduates and undersupply of plumbers, electricians, and beauticians etc will exacerbate.
Ummm no
@@Shineynsparkles Let's do this thought experiment. Today, when a graduate enters the workforce, they're replacing someone retiring or fill the need for additional hands, AI is there to help them achieve that. 30 years from now, a graduate will need to outcompete a robot that is already deeply entrenched in that position, may it be an architect, accountant, artist, or software engineer. Not only will a graduate not be able to outcompete, AI will widen the knowledge and productivity gap everyday. IMHO, Humans will always be better suited for jobs that require human interactions, not some professional service that can be done remotely.
@@chris-y05Ummm who do you think codes the AI? Have you ever heard of Software Engineers? I’m sorry pal but you don’t know what you’re talking about.
@ I've been working in the software industry since 1997, back when web apps, 3-tier, MVC architecture were the craze and we were using CVS (that's right, it's not just a pharmacy) for version control. My original comments was: "oversupply of graduates". I'm not saying no one will want a degree or all the jobs will be taken by robots, but with the current rate of producing graduates, there's no way the industry can absorb all of them with the advent of AI. Just like MBA, the tech companies have also reduced graduates hiring, something me and other college parents are all only too familiar with. I'm not too worried about my kids since AI is still in its infancy, just like you said, someone still needs to create AI. But in 30 years, it'll be a totally different experience. By then, 90% of the software are already produced by machine, why do people still need a degree in order to code? Only those who want to research need a degree. The impact will be felt by the lesser known universities first, I'm not sure if the top tier universities will feel it, I guess only time will tell.
@ Technically you don’t need a degree to code now. You can self teach. However, getting a top tier SWE job without a degree is near zero and getting one with a target school degree is much easier. Why is that? Because corporations are lazy and recruiting talent is a cost basis rather than a revenue driver. They would rather these top tier institutions do all the recruiting/screening work for them. Thats never going to change. If anything, target school kids will have an even easier time recruiting in the future because college admissions have barely expanded but applications/demand has skyrocketed. There will be less competition for them.
As a manager 90% of my job is motivating people to do their theirs. This means talking to them individually, cajoling, convincing and sometimes threatening. Could someone tell me how AI would replace people management?
Full workplace/ device video and audio monitoring, social media monitoring, negotiation algorithm, counter-intelligence processes if the AI needs to do some grey area stuff, and the ability to hire and direct human contractors if a warm body is absolutely required.
Remember when people were saying that bank managers with local knowledge of their customers could not be replaced? Where are bank managers now? AI could do the manager"s job better - if it is seen as acting impartially and fairly - no office politics, no nepotism, no woke HR behaviour, no corruption, no bias in handling false allegations etc.
AI may replace the people you manage....
The only manager safe from AI is the CEO.
My MBA actually hurt me. I was considered “over qualified” and had a terrible time finding work.
over qualified? for what? ordering paperclips and making powerpoints about lean business? I would say you are over koalafied.
It is called law of diminishing marginal returns. If there is too much of everything, the value goes down, including water. If diamonds can be found everywhere like water and water becomes scarce like diamonds, the price or value of diamonds would go to almost zero and the price of water would rise to thousands of dollars.
what an insane thing to take seriously, “powerpoint and excel and a network of badasses” this is a nontrivial component of why America is shuddering
In 2000s, I went to several EMBA information sessions with TCU and UT and costs were around $75k-95K.
@@timothydahlin5321 Yes, mine was $42k from 92-94. They are $$$. People should do a cost/benefit analysis before going. What will the 30 years return be on the $100,000 k invested. The ROI is just not there because, unlike professional degrees such as engineering, accounting, nursing, pharmacy etc, the MBA doesn't train you to do anything. It is helpful if a person would like to rise to a General Manager level of a business but very few of those roles are available. Most of the time, it is individual ambition and not the MBA that provides the return.
the emba seems to be more expensive than "online mba"
People think you canjust get a masters degree and be in charge without learning the job
Clearly, post-capitalism gearing up. MBA's gearing down.
If the starting pay for a tradesman is $138,000 the shortage would be solved overnight. Instead, the MBA gets a starting pay of $138,000
The only MBAs getting that as a starting pay are coming from elite schools. And they're dumping $200K in tuition and two years of their life to get that degree.
Degrees are now just paper on the wall. Everyone wants the easy life as a manager but no one wants to be the workers grunts. Right now the job market is towards blue collar jobs with a lot of them making in the six figures while college graduates are making around 80,000. It's supply and demand. There's an overabundance of people with degrees and under abundance of people with trade skills that willing to do hard labor.
Not true, I've done blue collar skilled trades and many don't play that especially right off the gate. The culture is also ratchet and unprofessional. There's tons of travel to construction sites far away, and if you are an apprentice you still have to attend night school which can be far from the job site. Grueling and physical not what it is cracked up to be long term buddy.
@supersaturn956 I was a mechanic for 8 years. They're paying 40$ an hour where I am at. Yes, the culture is rude and it's duty. People are a bunch of crap but the pay is there. They can't hire enough of us. I refuse to work in that field anymore because I have a nuclear physics degree but it's still good work
MBA is most useful for an existing middle mgr, climbing the corporate ladder. It requires mgmt experience to excel in the courses.
I am an individual contributor engineer in my 50’s and the “after MBA” paid less than my current salary. I have always been tempted since I want to stay relevant in my skills, but $200k isn’t worth it.
They never were useful. They stand for "Means Bugger All". I sold my business to an MBA. Within 6 weeks he had run the company into the ground and it closed. It was a 45 year old company in a good market. A three year old could have run it better.
MIT Sloan grad...the payoff for a top MBA is really landing that first job, typically with a top bank or consultancy. If you're not looking for that path, then I would def not recommend stepping away from a 6 figure job for 2 years of lost wages and the hope of accelerating your career.
MBAs are cyclical. At the top top schools, they're still worth it for most, but maybe not for the lesser schools. They will rebound in a few years.
No one will need MBA’s in a couple years. A.I. agents smarter than phD’s are already here.
The degree won't really do anything for you if you're black. They don't tell you that when you're applying for it and they're sending you the tuition bills. Wall Street and the leadership in business world still pretty much look the same as they did 50 years ago. Not much has changed on the executive level.
I'm considering the opposite approach.
I figure there's the top-30 programs that everybody recognizes, and there's "the rest". There's a lot of price variation among "the rest", and nobody is going to care which MBA you graduated from if you're not among the top 30, so it makes sense to go as cheap as possible. There are ~$10k online MBA programs that have the same curriculum as the big boys, but that nobody has heard of. They'll give you the right to put an MBA after your name, and even if you only get 1% higher salary because of it, that's enough to justify the cost.
You can say the same thing for bachelors at this point.
@@jrjr3412 Yeah, pretty much.
At least for my kids I'm going to encourage them to choose an undergraduate program purely based on the experience it will give them. Either a program they love, or a city they love, or the chance to learn a language and experience a different culture - whatever excites them. After their first degree, there are countless cheap online options for a second or third degree that will help them with their careers.
It's not like 18-year-olds know enough about working life to choose a career anyway. There's no point paying gobs of money for a degree you might never use.
there are 10k online programs that are just as name-recognizable as Top 30 programs. Most people have never heard of Babson and think Kellogg is a cereal company. Everyone knows LSU, Texas Tech, Oklahoma St, etc.
@@tigerstallion Good point.
Mine was, and is, i got it in 1990 and coupled that with a CPA, it made me an additional $100,000 per year.
Dad, a Harvard MBA, told CK to get a CS degree--thanks Dad!
Signed up for an online MBA program at WGU. The days of in person MBAs is done that’s for sure. Cheap online schools are the way to go.
100%
In 2020, I had raised $120K for masters programs and then the pandemic hit. Instead of taking admission in any of those high price unis in USA, I chose to take cheap but good online courses. Used that 120K for buying a small piece of land in the town and mortgaged it in the bank for $200K after 4 years in 2024. We used that money to construct a built up area of 12000 square feet(three stories) along the National highway and now that property is worth $500K in the market. The banks have agreed to increase my credit limit to $500K for further expansion. God willing, I will soon touch a million dollar in valuation and that is pretty good here in India for a 29 year old with no family background in business. I have no regrets for not going for an MBA or any other masters program offered at exorbitant costs. Use the internet for knowledge folks and rely on building assets for recognition, not degrees. May God grant y'all the good lives you all deserve.
Companies don’t need more in management, they need people strong in sales
Well, there's not a lot of businesses left to manage.
we use to have a govt that would break up monopolies. Now it does whatever it can to save companies that are "too big to fail"
@@tigerstallion Natural monopolies are actually important to allow to happen. If the differentiated value is not there, you need to consolidate to remain efficient. The issue is entry to market and lack of innovation. There is a natural churn. Consolidation is normal.
@ the govt and school system preaches competition and free market. Everyone would perform better if the rules were clear and consistent
The original intention of the mBA, was to to get technical people in cs and engineering the business skills needed to succeed in a management environment, now every other Non-Technical business person got one
My GF has a BBA and MBA. She works at Starbucks because she can't find a decent job.
15-20 years ago it was almost " required" to have an MBA in corporate America.....Due to rising costs and simultaneously companies not wanting to pay more I think that situation has changed.
Now it seems like companies have dumbed down their requirements for all but a select few that they are grooming for top management.
They used to want even middle managers to have MBA...that is not the case now..or at the very least they are not going to pay extra for a middle manager to have an MBA
I think the rise of PjMs (Project Management or Project Managers) has helped undercut the need MBAs
Daughter just got her MBA last year in an accelerated one year program immediately after undergrad. She’s making low six figures at a great company which is not bad considering her prior work experience was all retail
In which country do you live? Where did she studied?
@ FSU in Florida.
The writing was on the wall early 2000 to be real
Epic scam. However, it’s used as a signal that you want to be a director etc. you have to prove you’re gullible I guess.
I am never surprised by how much people exaggerate the cost of college degree's. The current cost of an MBA at most State schools throughout the country is about $25k-$30k for traditional programs, and that includes tuition, books, parking fees, computer fees, athletic fees, etc. The executive/professional/etc. MBA's are around $40k-$45k. I actually looked up UT "15 years ago" prices. Their traditional MBA would have cost you around $25k back then. Today its about $42k. So this claim of "$154k" is just a flat out lie. Housing, food, transportation, personal expenses, and so on, are not part of the cost of college. You need those things no matter what, and in no way, shape or form are they part of or interchangeable with the word tuition. Only tuition is included in tuition, and that plus books and mandatory fees are the cost of college. And, BTW, millions of people currently in the workforce got a free or nearly free college education through scholarships, GI Bill, and/or employer tuition reimbursement programs. It's complete and total nonsense to suggest one must spend "$154k" for any level of college education outside of maybe medical doctors.
Corporations have been trying to get rid of middle management for decades, and it always fails miserably. It is merely a very short term tactic to boost profits near economic/cycle tops. Then the business and/or economy at large slows down/becomes unprofitable/crashes, and the first people hired or promoted up in the recovery are to middle management. The entry/lower level get hired later. I've seen this happen over and over and over again, and CEO's always come up with some clever story as to why this time is different and that proves out to be 100% false. The fact is they can't operate efficiently without middle managers beyond the very short term, and AI is just another clever story that will end up being a fairy tale.
Harvard 2 year Mba program is 150k lol.
@@emileigh6524 Fortunately, Harvard is not the only university.
AI does the MBA better than humans
I got my MBA in 2015 from an “okay” business school and took an entry level role at a bank in their IT audit department. $73.5k annually.
I could have probably gotten the same role with my BS; however, fast forward 10 years and now I’m in a leadership role and have plenty of opportunities to keep progressing in my industry, which would not have been available if I only had my BS.
I do notice plenty of MBAs out there that are struggling, so maybe I’m the anomaly.
It can’t help that so many schemer dreamer types get them and give a bad rap. I have so many stories and an MBA is always a common denominator. It’s not the schooling but the type of person is what I’m saying.
I hope my fellow scientists and engineers will forgive me, but,...anybody can be educated to be a medical doctor, or a physicist, or a mathmatician, or an accountant or an engineer. However, it takes the right genetics and luck,...yes luck to be an Einstein, Miles Davis, Mozart, a Nikola Tesla or an Elon Musk. When I was at the university, the most un-inspiring people I met were Business Majors and MBA students.
Sounds like MBA providers are pricing themselves out. No pity from me.
as much as i know not sure about the US system but some sectors of finance are extremely understaffed and have a 70% of retirement rate in the next years
accounting has great opportunities and they will need not just bookkeeper lvl of people but managers and specialized roles as well
not everything can be outsourced or AI managed atm so people should look into that
Spot on analysis. Even with the devastating career reports from this past year's class, still 70%ish still graduated with likely great outcomes. With that said, I'm bearish on the future of MBAs, outside the top programs
As a MBA, i would get a Masters into something specific like Accounting, Supply Chain, Data Analytics or Finance. Too many MBAs these days and the skill set is too general.
Certifications and skills based training is also more practical.
Only go if you can go for cheap. I went to top 20 school for less than 50k and was making 100k more after graduation. It was a nice break from corporate America too
I'm mixed on the whole experience - I graduated 10 years from a state school. I have friends in my class who make 4X what they would have made otherwise. I had a rockier road.
I will say, if there's a glut of MBAs, what's with all the companies whining about not being able to find managers? Is it because *GASP* they simply refuse to pay people what the hassle is worth?
All the negativity in the comments while I can pull out 6 examples in my personal life of people graduating from T50 MBA programs and 2-2.5x'ing their income. My brother in law just graduated and already signed for a job with $245k TCE. The reality is, a lot of top roles within finance orgs hire directly from MBA programs and it will be worth it if Finance is your goal.
Thanks for sharing, when I read the comments a lot of people are sharing opinions out of jealousy and hatred. I know someone who graduated from not a top 25 school and makes $185 at EY.
I think it’s based on preference and in my opinion if you’re doing an MBA aim for the top schools and find part time programs.
@bern8378 yes it is likely out of jealousy.. The same occurs on forums like Reddit. The issue is, some people will be unsuccessful no matter what degree they get because of their personality traits. These people join echo chambers and make it seem like the world is burning.
I would like to disagree about the part time thing as well. I think it's best to do the full time program and get the most out of the two year study-cation to network and refresh yourself.
We good homie thanks
My MBA certificate from 2010 was useful ....well only once, when my toilet roll finished.
NBA > MBA
Most jobs consist of discrete tasks that have real outcomes. I think companies are starting to realize that paying a lot of money for an MBA to turn around and “manage” the actual doers of tasks, or outsource to consultants, is a waste of resources.
Just like the best teachers are experts in their subject matter, the best managers were high performers in their domains. Having some vague “management skills” is worthless.
You can essentially say the same thing for Bachelors..at todays prices, only top 5% schools are worth it.
I thank goodness I never wasted $ or time on an MBA. Got into tech after a worthless BA and that's what helped me do well.
I feel like another talking point he is missing out on are the cheaper universities like i went to and got my MBA for about 15k (student athlete covered 50% scholarship) but as long as your not applying to the most competitive jobs in the world, just having MBA on your resume can do a lot for you 🤷🏾♂️
I wished I learned welding, or forklift operating, and studied aerospace engineering as a hobby, or applied for a plasma physics PhD program in the USSR.
Despite having a Bs. in Computer Engineering, American and European companies doesn't care about Brazilian Universities.
My MBA in US only will cost 25k and companies around the world will look me with new eyes. I believe that's the plan. I don't want a 300k salary, an 80k would be great
Wait what? I have friends from random Indian universities who were able to land jobs in UK, Canada after working here for few years.
Why not Brazil?
Nope!
I think all grad degrees unless they are in some type of professional certification work skill are not worth the time and money
Facts
I don't think it's been worth it for a while. If you go to an elite school full time a year or two after undergrad then you'll probably still see a positive return on investment but part time programs and non-selective programs aren't really buying you much anymore. They basically just check a box but that box doesn't even exist at most employers. Also, your background matters more than it used to. If you don't have an undergrad and experience that pairs well with banking, consulting, or tech then you're going to have a hard time getting into those industries and thus won't get as much out of an MBA financially.
With that said, I don't think grad school in general is that safe of a bet anymore. It really depends on the field.
MBA plus work experience might work, but realistically it's not for everyone. It might open doors if you met the right people or living in the right social economic class and race.
The BP statement = DEI oriented jobs getting axed.
I bet you are blue collar and a highschool graduate and living in a small, rural town. And you may be a member of a militia???
And I don't have to bet that all you have is ad homenim attacks due to lack of substance. I also don't have to bet that you haven't managed to unplug MSNBC from your sheepish brain.
You in fact couldn't be more wrong, but I wouldn't expect more from an indoctrinated parrot.
And I bet you don't have the capacity to seperate media generated narratives from reality.
I actually was raised and live in One of the largest cities in the U.S. and have degrees in the sciences and engineering.
But who amI to try to remove a parrot from the shoulder of MSNBC?
Harvard was not the first MBA in the USA. It was Wharton.....
Part-time top MBAs (top-15) are the best bang for buck.
I disagree. If your employer is paying for you to get a generic MBA why not? Not everyone needs $200k a year. Otherwise it is a highly situational degree.
I reckon best to specialise in a profession rather than a generalist degree.
I think Penn was the first MBA program
MBA is good for entrepreneurs from a technical background 100%
They really never were.
I think MBAs should never be taken seriously.
Horrible advice. The Top15 / Top30 are losing their value against the lower MBAs. MBA is fine as long as you arent paying 100k+ to act like an elitist. Most businesses outside of the northeastern corridor would probably prefer you did a local MBA as opposed to "top-rated" New England/California MBA. If you want to work in Arizona, youre better off getting an MBA from Arizona than Cornell.
I've lived in a few major cities and lots of folks tend to dislike Ivy League grads. Theyre associated with adolescent hormone therapy, entitlement, not getting their hands dirty, etc.
Interesting to watch this video, the impression is the real delivery on enterprise operation of a MBA. Jack Welsh was great on his Six Sigma innovation, but the hardest part how much the real savings and profit improvements were ended up in bank accounts. 99% quarterly reports never attributed the impact of such imitative. Why? It makes too complicated and easy to lose track of it. Hardly to think BCG(Boston Consulting Group) Matrix ever applies to Intel. BTC(Brain to computer) interface is the last frontier of human civilization, AI is just a prelude. Why? On average, human wasted 20 years to get the phd degree. All knowledge has well be stored in a monster database, a systematic downloads from computers to a human brain only take about a month, no need to waste millions hours to repeat. Some one pushed this idea to Intel to make it happen. The cost may be $100 billion, but payouts will be in multi-trillions. Sigh, they could not get it to be the star in the matrix.
Skimscam flimflam trueblue?
With the age of AGI coming , and you still think big comoany needs MBA ? 😂
im 24, own a house and worth ~3m. I just clicked on this video and have to say, I genuinely couldnt tell you what MBA stood for when i got here LOLOLOL
Harvard grads are not taking average paying jobs (maybe rightfully so), thus higher unemployement
You had a silver soon and still lost
My algorithm thought you were @gregfitzsimmons