Is an MBA really worth having? Not according to this.

pyonir

Lifer
Dec 18, 2001
40,856
311
126
that's why you need it in a specific field.

MBA in: global management, healthcare management, marketing, accounting etc.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: Gulzakar
No, thats why you don't pay an outrageous fortune for a "reputable" school...
So pay $50k for one from a non refutable school? THen it would seem to me to be even more useless!
 

pyonir

Lifer
Dec 18, 2001
40,856
311
126
according to the ASU website...it looks like an MBA from there would be about 30k. that is a pretty good school too.
 

StageLeft

No Lifer
Sep 29, 2000
70,150
5
0
Originally posted by: pyonir
according to the ASU website...it looks like an MBA from there would be about 30k. that is a pretty good school too.
But also the money missed by not working (assuming you have a job). Thing is why evenspend $20k if it's no good according to this? Is this article way off base?
 

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
I've been hearing alot about his lately. That an MBA isn't worth what it used to be and experience is key.
 

Davegod75

Diamond Member
Jun 27, 2000
5,320
0
0
Muhaha......that's why you work at a company where they will pay for it !!!!!!!! only 6 month obligation also.


hehe....

I'll be getting several masters degrees for free btw
 

pyonir

Lifer
Dec 18, 2001
40,856
311
126
if i actually wanted to continue working where i already do, i could get as many MBA's in different fields as i like, and as of right now a doctorate. all for free.
 

Parrotheader

Diamond Member
Dec 22, 1999
3,434
1
0
Well not to offend anyone because I'm sure there are probably plenty of people with MBAs out there who have incredible skills in their area. But I have a hard time getting almost every MBA I work with or know to tell me EXACTLY what it is that they do or that they were trained to do. Every single one of them just tap dances around without really saying anything. Coupling those descriptions along with the personality types of a lot of these people, the best I can come up with is that it's a masters in BS. And I hear other non-MBA professionals say the same thing all the time. Maybe corporations are catching on and want to hire people with more specific skill sets?

Now I personally subscribe to the belief that it's better to have a broad range of skills than to be SO tightly defined in your training and duties that you're basically limited to one thing. So from that standpoint I understand the MBA approach on things. But at the same time, it seems that a lot of their training is SO broad that sometimes it's to the point of being useless. And with so many people going back to get their MBAs now, it simply doesn't carry the punch it used to. Like I said, I'm honestly not trying to dog MBAs, that's just my observations from my perspective.
 

cchen

Diamond Member
Oct 12, 1999
6,062
0
76
Obivously if you don't get any internships or work experience while you're still in school it's your own fault if you don't get a job. I'm just gonna be a freshman in college but I already have 3 years of experience doing real work. I havne't had any problems finding jobs.
 

pyonir

Lifer
Dec 18, 2001
40,856
311
126
Originally posted by: Parrotheader
Well not to offend anyone because I'm sure there are probably plenty of people with MBAs out there who have incredible skills in their area. But I have a hard time getting almost every MBA I work with or know to tell me EXACTLY what it is that they do or that they were trained to do. Every single one of them just tap dances around without really saying anything. Coupling those descriptions along with the personality types of a lot of these people, the best I can come up with is that it's a masters in BS. And I hear other non-MBA professionals say the same thing all the time. Maybe corporations are catching on and want to hire people with more specific skill sets?

Now I personally subscribe to the belief that it's better to have a broad range of skills than to be SO tightly defined in your training and duties that you're basically limited to one thing. So from that standpoint I understand the MBA approach on things. But at the same time, it seems that a lot of their training is SO broad that sometimes it's to the point of being useless. And with so many people going back to get their MBAs now, it simply doesn't carry the punch it used to. Like I said, I'm honestly trying to dog MBAs, that's just my observations from my perspective.

what about in a specific field...say you are looking for an accountant. and he has an MBA in accounting.
 

PlatinumGold

Lifer
Aug 11, 2000
23,168
0
71
Well not to offend anyone because I'm sure there are probably plenty of people with MBAs out there who have incredible skills in their area. But I have a hard time getting almost every MBA I work with or know to tell me EXACTLY what it is that they do or that they were trained to do. Every single one of them just tap dances around without really saying anything. Coupling those descriptions along with the personality types of a lot of these people, the best I can come up with is that it's a masters in BS. And I hear other non-MBA professionals say the same thing all the time. Maybe corporations are catching on and want to hire people with more specific skill sets?

Now I personally subscribe to the belief that it's better to have a broad range of skills than to be SO tightly defined in your training and duties that you're basically limited to one thing. So from that standpoint I understand the MBA approach on things. But at the same time, it seems that a lot of their training is SO broad that sometimes it's to the point of being useless. And with so many people going back to get their MBAs now, it simply doesn't carry the punch it used to. Like I said, I'm honestly trying to dog MBAs, that's just my observations from my perspective.

In general, MBA is more about human "networking" then about learning skills. The only mba programs even worth considering are Princeton, Harvard, Yale and MB U Penn. after that your not going to get any real credit for having an MBA.

If you have 10 years or so in the field as an engineer or something specific it's not a bad idea to get an mba.
 

AmigaMan

Diamond Member
Oct 12, 1999
3,644
1
0
Well that article be damned, I'm still getting an MBA after a couple more years of on the job experience. I don't want to program all my life, I want to become a pointy-haired boss one day. And I figure getting an MBA might just give me a leg up on other people who aspire to be managerial-types.
 

gotsmack

Diamond Member
Mar 4, 2001
5,768
0
71
Originally posted by: PlatinumGold
Well not to offend anyone because I'm sure there are probably plenty of people with MBAs out there who have incredible skills in their area. But I have a hard time getting almost every MBA I work with or know to tell me EXACTLY what it is that they do or that they were trained to do. Every single one of them just tap dances around without really saying anything. Coupling those descriptions along with the personality types of a lot of these people, the best I can come up with is that it's a masters in BS. And I hear other non-MBA professionals say the same thing all the time. Maybe corporations are catching on and want to hire people with more specific skill sets?

Now I personally subscribe to the belief that it's better to have a broad range of skills than to be SO tightly defined in your training and duties that you're basically limited to one thing. So from that standpoint I understand the MBA approach on things. But at the same time, it seems that a lot of their training is SO broad that sometimes it's to the point of being useless. And with so many people going back to get their MBAs now, it simply doesn't carry the punch it used to. Like I said, I'm honestly trying to dog MBAs, that's just my observations from my perspective.

In general, MBA is more about human "networking" then about learning skills. The only mba programs even worth considering are Princeton, Harvard, Yale and MB U Penn. after that your not going to get any real credit for having an MBA.

If you have 10 years or so in the field as an engineer or something specific it's not a bad idea to get an mba.



you're leaving out a lot of top tier schools. Just listing the first four you thought of is not fair. Have you participated in every top tier MBA program? It also depends on what concentration you want for the MBA. MIT/Sloan is rated #1 for production/operations management and MIS by US News.
 

ManSnake

Diamond Member
Oct 26, 2000
4,749
1
0
Most big enterprises I know of pay for your MBA education, if it's free, then it is worth it!
 
Feb 24, 2001
14,550
4
81
what about in a specific field...say you are looking for an accountant. and he has an MBA in accounting.
Better would be an Masters of Science in accounting. I'm 3 hours shy of one and it's tons of good info compared to an MBA which from what I saw, was just more classes. Woopty do. The MSA ones are heavily focused on concepts covered on the CPA exam. Have to have 150 hours to sit for the exam, so might as well get a masters and take classes that will help you pass it.
 

OJ

Senior member
Oct 9, 1999
858
0
0
My company pays for our education, they paid for two of my undergrad degrees, the only problem is they have determined from IRS rules that graduate work reimbursement is taxable income!!!!!!!!!
 

Ramsnake

Senior member
Apr 12, 2002
629
0
0
one big advantage of doing an MBA , is the friendhips and the contacts you make, they will be of use to you for life. go to harvard, princeton or yale and u'll see your self along with future leaders, even if u dont turn into one, no point in avoiding the MBA you'll never know when a friend from business school can be of great help to u.
 
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