Posted on 10/19/2010 9:44:20 AM PDT by SeekAndFind
Education is just like healthcare, it has been price-inflated, top to bottom, due to the federal government becoming a 3rd party payer (and regulator).
“If professors of the MBA programs were any good at what they did in business they would be far more successful than to rely on teaching for an income.”
My MBA professors were also consultants to private businesses and drove brand new porches, merecedes and bmw’s.
“College’s are one of the greatest scams in America.”
Tell that to the newly graduated petroleum engineers that my company hired at $80k per annum. Some of those will go on to get their MBA and be put on the fast track to management.
Whatever are you talking about? Most kids who get accepted into Harvard College are much more fulfilled and better off economically by going there than by studying to be a diesel mechanic!
An MBA is very important! It’ll help you get a job with a billion dollar company founded by a high school dropout.
And I am sure EVERY petroleum engineer who graduates is finding an 80k job to start with.
“My MBA professors were also consultants to private businesses and drove brand new porches, merecedes and bmw’s.”
So do a number of people in mortgage foreclosure.
The fact they drive new expensive cars is proof they have no financial sense. No one needing to teach can afford such vehicles without making very bad financial decisions. The fact that you think such items are instruments of financial success shows you don’t any wisdom with financials. I’ve met loads of people that thought driving a BMW or Mercedes was a status symbol of respect. Those were always the losers of the crowd.
Concur - I got mine after about 10 years under my belt. It filled some holes in accounting, finance, and marketing. I didn’t bother with the ops/product development courses. Didn’t expect it to add to my take immediately, but have seen some definite benefits due to my increase background coverage. Like many I still see it as a screen - hmm no MBA you go into pile #2.
“An MBA is very important! It’ll help you get a job with a billion dollar company founded by a high school dropout.”
lol. Nice.
” Like many I still see it as a screen - hmm no MBA you go into pile #2.”:
My experience has been: “Hmmm, MBA, useless twit with nothing else to offer. Circular file #13. *chunk*”
‘Manager’ is not a career field.
Probably could say that for any non-technical/scientific degree.
“Whatever are you talking about? Most kids who get accepted into Harvard College are much more fulfilled and better off economically by going there than by studying to be a diesel mechanic!”
Atually, that isn’t true. There was a study posted here on FR recently showing the incomes of a Harvard gradute was not above or below anything but average. My experience has been Harvard grads were usually extremely left wing and had a hard time adjusting to corporate life.
The myth that the top CEOs of the country are Ivy grads is just plain false. Ivy doesn’t represent more or less than any other grad of drop-out.
The person and their desires and motivations has always meant more than a certificate from a school. Schools like to say otehrwise because they are in the business of making money, not educating. Suckers fall for their crap every day.
If only the MBA experience were that trivial, you'd be correct. Unfortunately, it's much more complicated than that. Sure, if you get a Harvard MBA, you'll likely never gain back the $250,000 that it costs. But can you say a $50,000 MBA will never pay off in terms of salary, flexibility, and enjoyment of your job?
Yeah, the author would have some credibility if he'd actually earned and applied the degree that he denigrates. Otherwise, he's just another know-it-all 28 year-old.
Never said it was a 100% issue - which is where my BS in Physics and Military Service comes in.
I have, however, seen many people screen resumes based on education level independent of what the person was capable of. I’ve picked a few that were bypassed up to my great benefit. However, I’ve also passed on several depending on the position they were needed for based on whether they did/didn’t have a sheepskin.
I won’t hire a floor assemblier with a grad degree (their mind wanders to other things) and I won’t hire a bachelors degree to do M&A. There’s a big spot in the middle though.
As to manager - I agree I don’t want managers - I want leaders and that is a career field in my mind.
“And I am sure EVERY petroleum engineer who graduates is finding an 80k job to start with.”
Actually $80k is average for the oil and gas industry. Some of the top grads are getting $100k from the major oil and gas companies.
So, everyone who graduates is finding a job? (which was my point)
bump
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