who has an MBA here

[gotsmack]

I got my MBA from Rutgers, because I live something like 8 miles away from the campus and I didn't have the work exp to get into Columbia or NYU.

It's ranked 77th or 79th in the old US News rankings and supposedly 50 something in Business week (was told this by some of the admin people, I never felt like paying to see the rank online).

It was definately worth it for me to go, because I have the degree I got a higher starting sallary at my job.

People at my job also seem to take me more seriously after they find out I have a master's and they talk to me more.

but besides that, I learnt a lot in B school, not just day to day stuff but really how to attack problems and to really think about things.

 

[Whitecloak]

I have one. Its worth it as long as its from from a top-ranted univ.

 

[b0mbrman]

I'm trying to get some consolidated info here

 

[LegendKiller]

I have quite a bit to say about the MBA vs non-MBA route and the "top 20" argument.

I want to UofMN for psychology, graduated with a 2.72, and went right into B-school to get an MBA, after realizing psychologists don't make crap unless you become a psychiatrist.

My B-school, Florida International, accepted me and my 580 gmat. I hadn't had major quant in 4 years, so I sucked there.

I graduated top 5% in my class with a 3.92 in finance. maxed out all finance courses and even took MS-Finance courses to suppliment. I got a job doing securitization for a Fortune 100 company paying mid-40's (sucks).

I enrolled in the CFA program and passed level 1 and 2 concurrently (studying for L3 now). I took another job and moved to get ~3x as much in salary less 3 years after graduating, doing securitization strategy for a top 10 bank. (Went from Jr. Financial analyst to finance manager in less than 3 years)


If somebody were to ask me if a sub-20 MBA did well for me, despite racking up a huge student loan debt (long story), I'd say heck yes. I make a ton of money now, work in a great area and allowed me to open the door.

If somebody were to ask me what the biggest contributor to my salary after my "open door" was, I would say the CFA.

I retook the GMAT and got in the mid 700's and have thought applying to Georgetown or Duke. I will probably entertain offers to join an i-bank in 3-4 years at my current job.

Now, if you want a dang good job, such as i-banking or consulting, then you need a top 5/10. If you want something to get into a different field from your major, then anything will do. However, you must do it well.

If I go get an MSF or another MBA from a top 5/10 school, it will be about networking. I already know close to what there is to know about "school taught" finance.

After a 2nd MBA, who knows, maybe I will get my JD.

 

[PCMarine]

Originally posted by: LegendKiller
I have quite a bit to say about the MBA vs non-MBA route and the "top 20" argument.

I want to UofMN for psychology, graduated with a 2.72, and went right into B-school to get an MBA, after realizing psychologists don't make crap unless you become a psychiatrist.

My B-school, Florida International, accepted me and my 580 gmat. I hadn't had major quant in 4 years, so I sucked there.

I graduated top 5% in my class with a 3.92 in finance. maxed out all finance courses and even took MS-Finance courses to suppliment. I got a job doing securitization for a Fortune 100 company paying mid-40's (sucks).

I enrolled in the CFA program and passed level 1 and 2 concurrently (studying for L3 now). I took another job and moved to get ~3x as much in salary less 3 years after graduating, doing securitization strategy for a top 10 bank. (Went from Jr. Financial analyst to finance manager in less than 3 years)


If somebody were to ask me if a sub-20 MBA did well for me, despite racking up a huge student loan debt (long story), I'd say heck yes. I make a ton of money now, work in a great area and allowed me to open the door.

If somebody were to ask me what the biggest contributor to my salary after my "open door" was, I would say the CFA.

I retook the GMAT and got in the mid 700's and have thought applying to Georgetown or Duke. I will probably entertain offers to join an i-bank in 3-4 years at my current job.

Now, if you want a dang good job, such as i-banking or consulting, then you need a top 5/10. If you want something to get into a different field from your major, then anything will do. However, you must do it well.

If I go get an MSF or another MBA from a top 5/10 school, it will be about networking. I already know close to what there is to know about "school taught" finance.

After a 2nd MBA, who knows, maybe I will get my JD.

Informative... and props to success :thumbsup:

 

[Playmaker]

Originally posted by: Feldenak

Originally posted by: scott

There's no comparison between:

a real MBA,

which is a difficult degree earned a any of about 20 or so top-flight universities,

vs.

a "phony" MBA,

which is a device where the schools use that as a way to pull in business people to make money for themselves.
An "MBA" from such places is a joke.

So, anything other than the Top 20 is a joke? :disgust:

From an economic point of view, possibly. After the top 20 or so, the NPV of an MBA plummets for the average graduate.

 

[Playmaker]

Originally posted by: ManSnake
NBA > MBA

MLB > NBA > MBA

 

[CanOWorms]

Originally posted by: LegendKiller

After a 2nd MBA, who knows, maybe I will get my JD.

I was told by someone that most schools wouldn't accept someone into an MBA program if they got one from a previous school. Have you looked into that?

 

[Playmaker]

Originally posted by: LegendKiller
I have quite a bit to say about the MBA vs non-MBA route and the "top 20" argument.

I want to UofMN for psychology, graduated with a 2.72, and went right into B-school to get an MBA, after realizing psychologists don't make crap unless you become a psychiatrist.

My B-school, Florida International, accepted me and my 580 gmat. I hadn't had major quant in 4 years, so I sucked there.

I graduated top 5% in my class with a 3.92 in finance. maxed out all finance courses and even took MS-Finance courses to suppliment. I got a job doing securitization for a Fortune 100 company paying mid-40's (sucks).

I enrolled in the CFA program and passed level 1 and 2 concurrently (studying for L3 now). I took another job and moved to get ~3x as much in salary less 3 years after graduating, doing securitization strategy for a top 10 bank. (Went from Jr. Financial analyst to finance manager in less than 3 years)


If somebody were to ask me if a sub-20 MBA did well for me, despite racking up a huge student loan debt (long story), I'd say heck yes. I make a ton of money now, work in a great area and allowed me to open the door.

If somebody were to ask me what the biggest contributor to my salary after my "open door" was, I would say the CFA.

I retook the GMAT and got in the mid 700's and have thought applying to Georgetown or Duke. I will probably entertain offers to join an i-bank in 3-4 years at my current job.

Now, if you want a dang good job, such as i-banking or consulting, then you need a top 5/10. If you want something to get into a different field from your major, then anything will do. However, you must do it well.

If I go get an MSF or another MBA from a top 5/10 school, it will be about networking. I already know close to what there is to know about "school taught" finance.

After a 2nd MBA, who knows, maybe I will get my JD.

Some comments...

I bet you could have got to where you are now with only the CFA. If not your same position, definitely a similar position.

Think twice about going for a second MBA to do the IB thing. You'll come in as a first year associate regardless surrounded by 27-29 year olds. If you already have an MBA, I assume you'd be older than that, possibly with a family. I've seen what being an associate can do in that situation, it's not pretty. Plus, you should be able to get a solid buy-side position with the CFA that will have a much better quailty of life than IB.

 

[LegendKiller]

Originally posted by: CanOWorms

Originally posted by: LegendKiller

After a 2nd MBA, who knows, maybe I will get my JD.

I was told by someone that most schools wouldn't accept someone into an MBA program if they got one from a previous school. Have you looked into that?

I have known several people who have gone to a smaller school and then go to a larger one several years later. My ex-boss' friend went to s smaller school, then went to LBS. Now he runs a hedge fund, probably pulling in ~900-1m. Although he's a bit odd, used to be a seal, and has some other things going on.

 

[LegendKiller]

Originally posted by: Playmaker
Some comments...

I bet you could have got to where you are now with only the CFA. If not your same position, definitely a similar position.

Think twice about going for a second MBA to do the IB thing. You'll come in as a first year associate regardless surrounded by 27-29 year olds. If you already have an MBA, I assume you'd be older than that, possibly with a family. I've seen what being an associate can do in that situation, it's not pretty. Plus, you should be able to get a solid buy-side position with the CFA that will have a much better quailty of life than IB.

I'm actually 27, wife is 26, don't plan on having kids for another 2-3 years. I have thought about staying at my current job for another couple years (just started in Feb) and then hopping over to the buy-side, or try to get into a major IB through some friends. The great thing about the CFA is that it puts you on par with anybody else in the field, except for the school snobbery, which I can and have dealt with.

I was within |--| close of getting a sell-side position with CSFB until some Wharton tool stole it from me. But I got a good story out of it, I was up there for what was supposed to be one day, but turned into 4 due to the NYC blackout in 03.

Fun times.