Is Mba Worth It?

[Anileve]

What do you think? Does it guarantee a better paying job, a promotion, good business ethics or is it another way of extracting money from your slim pockets?

 

I can see Graduate schools for specific fields, if you plan on working in academia or if you have to further your specialty in science or technology, I can understand. Doctors and Lawyers, I also understand. What about everyone else? I personally think that education does a great deal of polishing up an individual, provided that he wants to be more cultured. I also think that higher education is factor in determining one's social status. But does it do anything else really? I think it's a waste. It's probably more useful to take some accounting classes and maybe a few classes on intvestment, other than that...oh well.

[Yervant1]

What do you think? Does it guarantee a better paying job, a promotion, good business ethics or is it another way of extracting money from your slim pockets?

 

I can see Graduate schools for specific fields, if you plan on working in academia or if you have to further your specialty in science or technology, I can understand. Doctors and Lawyers, I also understand. What about everyone else? I personally think that education does a great deal of polishing up an individual, provided that he wants to be more cultured. I also think that higher education is factor in determining one's social status. But does it do anything else really? I think it's a waste. It's probably more useful to take some accounting classes and maybe a few classes on intvestment, other than that...oh well.

Even though nowadays MBA is a bit overrated but it's a necessary tool for a successful career. It helps you to acheive your goals sooner if you have the smarts to benefit from, because it gives you the head start.

Usually big companies hire people with the MBA and groom them for the future.

 

 

 

[Sip]

If you have an MBA from a top school, it is definitely VERY much in demand and very worth it. But it is not easy to get into the top places and furthermore, it's not really cheap, and most importantly, it takes a lot of effort to actually succeed

 

Much like any other degree, it is a degree and it's always better to have it than not to have it But it really depends on what kind of career you have in mind and what are your goals.

 

I am for example, personally a lot more technically and scientifically oriented than managemently (omg what a horribly sentence). So even though I had a choice to pursue MS in CS and MBA at the same time, I chose to focus a lot more on the CS and engineering aspects rather than going after polishing my managerial skills (so CS MS lasted me a year rather than 3 years for MS + MBA which allowed me more time to go in CS deeper). Overall, I am pretty satisfied with my choice and I don't regret a thing (other than wishing I had had a broader general education rather than focusing mainly on the CS+E specific topics as I did). But for someone else, it could be very different

Edited January 18, 2008 by Sip

[Zara]

If you have an MBA from a top school, it is definitely VERY much in demand and very worth it. But it is not easy to get into the top places and furthermore, it's not really cheap, and most importantly, it takes a lot of effort to actually succeed

 

but...isn't that only in the begining??? I mean, doesn't that matter only until employers find out how good or bad you are at whatever it is that you do??? I've been debating this with my family for a while now. I mean, why spend so much money somewhere far away when you can stay much closer at a state university and pay much less??? I mean, your volume of bills is definitly smaller if you stay near your home. So, do employers still look at prestige in education after you've been working for a while and established a base for youself???

 

My mom keeps on telling me the example of two doctors that both went to Columbia U. in NY. (She worked for both of them) Anyway, one of the doctors ended up being really bad(he had a few law suits hanging over his head) so he hardly gets any patients at all (he lives paycheck to paycheck) and the other doctor is so successful and has soooo many clients that he makes over $1.5 million every month (...and no...I'm not kidding here).

 

But...I'm not sure if that applies to other fields. Is it the same with, say, business (a field that many people decide to enter)?

[Zara]

I am for example, personally a lot more technically and scientifically oriented than managemently

 

Just...

 

 

You just made my day today.

[Ashot]

Sip jan I'll do your management!!!

[Azat]

What do you think? Does it guarantee a better paying job, a promotion, good business ethics or is it another way of extracting money from your slim pockets?

 

I can see Graduate schools for specific fields, if you plan on working in academia or if you have to further your specialty in science or technology, I can understand. Doctors and Lawyers, I also understand. What about everyone else? I personally think that education does a great deal of polishing up an individual, provided that he wants to be more cultured. I also think that higher education is factor in determining one's social status. But does it do anything else really? I think it's a waste. It's probably more useful to take some accounting classes and maybe a few classes on intvestment, other than that...oh well.

From a top 10-20 business school its worth every penny you spend and every sleepless night you will have. everywhere else its almost useless

[Azat]

but...isn't that only in the begining??? I mean, doesn't that matter only until employers find out how good or bad you are at whatever it is that you do??? I've been debating this with my family for a while now. I mean, why spend so much money somewhere far away when you can stay much closer at a state university and pay much less??? I mean, your volume of bills is definitly smaller if you stay near your home. So, do employers still look at prestige in education after you've been working for a while and established a base for youself???

 

My mom keeps on telling me the example of two doctors that both went to Columbia U. in NY. (She worked for both of them) Anyway, one of the doctors ended up being really bad(he had a few law suits hanging over his head) so he hardly gets any patients at all (he lives paycheck to paycheck) and the other doctor is so successful and has soooo many clients that he makes over $1.5 million every month (...and no...I'm not kidding here).

 

But...I'm not sure if that applies to other fields. Is it the same with, say, business (a field that many people decide to enter)?

i dont care how much experience you have... you have a MBA from Colombia, Chicago, Northwestern, Harvard, Stanford, Berkley, etc you can come to our company any say and we will hire you with almost no interview. It really makes a HUGE difference. Only sub 1% get to these schools. If you have a chance to go to a GREAT school even if its on the moon you should go. Bills you can pay off later much sooner then those in the state schools

[Sip]

Let's NOT forget UCLA

[Azat]

absolutely. Anderson school of business is top 10

[Zara]

Let's NOT forget UCLA

 

GO BRUINS!!!

[Anileve]

From a top 10-20 business school its worth every penny you spend and every sleepless night you will have. everywhere else its almost useless

 

That's what I think. Top schools usually guarantee a spacious office, a solid title and the salary to go with the overall package. But I really am not so sure if an MBA from city, state, or some small private universities is worth the effort and the money.

 

In the academia MBA or any Masters is definitely valuable, but in my opinion it's mainly for the image. There are so many managers and executives who are knuckleheads, but they have some silly masters. The salaries are of course laughable compared to the private sector, but the benefits are excellent.

 

Take Library Science. In order to be a librarian in the academia, one must have a Master's degree in Library science and must obtain a second masters degree in a few years to keep the position. Now guess how much a person with those credentials will be making? $36-$50K. It's a little nauseating. Considering how much many of them spend on school loans it's almost insane.

 

I think several years ago it was simple. You wanted a good position with a good salary, you needed a BA. A high school diploma would have provided you with a decent job somewhere, if you were hard worker. If you really wanted a top executive position a Master's would have helped you land one. Now everything seems so mixed up.

 

Can anyone explain why? Or is it simpler than I am making it out to be?

ted a top executive position a Master's would have helped you land one. Now everything seems so mixed up.

 

Can anyone explain why? Or is it more simple than I am making it out to be?

 

 

[Anileve]

How do you feel about this article?

 

http://www.optimates.us/mba.htm

 

Contrary to popular opinion, most top-tier MBA programs and business schools do not want students with undergraduate degrees in business. As many business leaders on Wall Street attest, people with undergraduate degrees in business are generally considered to be "idiots."

 

In reality, an MBA is unnecessary for success in business. Many, if not most, of the most successful business leaders in the world do not have MBAs. The only real advantage of an MBA program is that it gives you an opportunity to network and make contacts.

 

[Zara]

How do you feel about this article?

 

http://www.optimates.us/mba.htm

 

I'd say that, for the most part, it's correct. However, I don't agree with the Latin and Classics. I've taken Latin and, to be honest, I already understood a lot of it just from English, Spanish, and French (and reading a lot). You don't really need Latin classes (just learn a Latin based language). I agree with just about everything else. Just taking Statistics, Economics, ect. is useful in general (it's education so how could it not) but your name on the sheet of paper doesn't mean you're going to get anywhere.

 

I think that, in the real world, people need to know how to connect with others in order to be successful (and to connect with the right kind of people in the right way). For example, consider people who are eligible for MENSA. They are considered the cream of the crop in intelligence levels...yet...some are dirt-poor and some are filthy-rich. Why??? Aren't they all smart? I know a lot of people who are (in essence) over-qualified for MENSA (including myself ) but just because you are considered intelligent does not mean that you, in any way, will be successful in life. The world we live in today is run by people so how can you succeed if you don't understand people.

Edited January 25, 2008 by Zara

[Sip]

I was going to get a Mensa membership, but decided to get one at Costco instead. It was a lot easier and saves me more money in the long run.

[Zara]

I was going to get a Mensa membership, but decided to get one at Costco instead. It was a lot easier and saves me more money in the long run.

 

Me too.

[Zara]

I forgot to mention this but.....you'd be surprised at how many Armenian's are qualified (and highly overqualified) for MENSA. It's really cool.

[Anileve]

I'd say that, for the most part, it's correct. However, I don't agree with the Latin and Classics. I've taken Latin and, to be honest, I already understood a lot of it just from English, Spanish, and French (and reading a lot). You don't really need Latin classes (just learn a Latin based language). I agree with just about everything else. Just taking Statistics, Economics, ect. is useful in general (it's education so how could it not) but your name on the sheet of paper doesn't mean you're going to get anywhere.

 

I think that, in the real world, people need to know how to connect with others in order to be successful (and to connect with the right kind of people in the right way). For example, consider people who are eligible for MENSA. They are considered the cream of the crop in intelligence levels...yet...some are dirt-poor and some are filthy-rich. Why??? Aren't they all smart? I know a lot of people who are (in essence) over-qualified for MENSA (including myself ) but just because you are considered intelligent does not mean that you, in any way, will be successful in life. The world we live in today is run by people so how can you succeed if you don't understand people.

 

First of all let me just point out that MENSA is just a tad cultish to me and quite absurd if you ask me. There is nothing more weird than elite-smarts getting together for a chummy evening of lecture. But maybe I am just not open minded enough.

 

As far as the comment you made about the fact that someone is intelligent may never be successful, well I've been pondering that for some time now. It's so true! I just still have a hard time understanding how some of these Bukharians (central asian jews) who literally migrated from the faraway villages and farms are now running successful (and often crooked) businesses. While some of the brightest people are making very mediocre salaries. In fact very often you see people with minimal or no education living the high life.

 

I attribute it to the balance of the universe. If the logic would follow that all intelligent people were successful, then what would the bumpkins do? Perhaps they would die (which would reduce the population to 1000 people). Or they would turn to full crime. At least now there is a balance. The bumpkins know that they are not highly intelligent and will not succeed as professionals, so they have to work much harder and think of ways to make a living, that's their incentive and goal. They don't analyze the meaning of life, logic or any other universal truth, they just want to survive. Gosh, we are all such animals!

 

But all of the above doesn't mean that I am no longer questioning the lack of logic in this social division.

 

[DominO123]

I was going to get a Mensa membership, but decided to get one at Costco instead. It was a lot easier and saves me more money in the long run.

 

Mensa is crap, the test in their website gave me a 99% chance to pass MENSA qualifications (4 years ago) yet I have an IQ varriability of about 35 points. Eve, they are not that smart as people, my friend which has a membership has only a bachelor. Many don't want to hear that, but in many tests like this you'll pass it depending you are in a good day and you think sharp or bad day and screw it.

 

[DominO123]

I forgot to mention this but.....you'd be surprised at how many Armenian's are qualified (and highly overqualified) for MENSA. It's really cool.

 

That's verry true, the average IQ of the Armenians in America is probably half of standard deviation or more above the average. Not as much as the Jews, but it probably match the Italians or Germans.

[Zara]

First of all let me just point out that MENSA is just a tad cultish to me and quite absurd if you ask me. There is nothing more weird than elite-smarts getting together for a chummy evening of lecture. But maybe I am just not open minded enough.

 

As far as the comment you made about the fact that someone is intelligent may never be successful, well I've been pondering that for some time now. It's so true! I just still have a hard time understanding how some of these Bukharians (central asian jews) who literally migrated from the faraway villages and farms are now running successful (and often crooked) businesses. While some of the brightest people are making very mediocre salaries. In fact very often you see people with minimal or no education living the high life.

 

I attribute it to the balance of the universe. If the logic would follow that all intelligent people were successful, then what would the bumpkins do? Perhaps they would die (which would reduce the population to 1000 people). Or they would turn to full crime. At least now there is a balance. The bumpkins know that they are not highly intelligent and will not succeed as professionals, so they have to work much harder and think of ways to make a living, that's their incentive and goal. They don't analyze the meaning of life, logic or any other universal truth, they just want to survive. Gosh, we are all such animals!

 

But all of the above doesn't mean that I am no longer questioning the lack of logic in this social division.

 

In my opinion, you have to be one really self-righteous and arrogant person if you think you can only have a decent intellectual conversation with people that have IQ's of at least 130. But, taking the test isn't a bad thing. I mean, when I was a little kid I was failing school because it was too slow (I was the bored kid that slept in class all day ). So, they put me in harder and very fast-paced courses (which was nice because I finally had something to do all day).

 

I remember watching some show on TV one time and there was this man who, though he had very little education and basically dropped out of high school, had made over $500 million. I was shocked and...for a while...I was totally confused.

 

I think I read an article somewhere that connected a persons intelligence with genes. I'm not sure how valid that is though.

 

Also, I think that there are many people who do only live to survive(even here in LA) and think mainly on a day-to-day basis.

Edited January 25, 2008 by Zara

[Ashot]

Dom you are very funny!!! Have you ever been in a jewish community? they could be dumber then africans... what are smoking on bro? if you compare the intelligent ones toghether, in some cases Armenians might even outsmart the joos... you are comparing 20 million joos with 1 million Armenians ofcourse you are going to say joos are smarter... well not right!!!

[DominO123]

Dom you are very funny!!! Have you ever been in a jewish community? they could be dumber then africans... what are smoking on bro? if you compare the intelligent ones toghether, in some cases Armenians might even outsmart the joos... you are comparing 20 million joos with 1 million Armenians ofcourse you are going to say joos are smarter... well not right!!!

 

Ashot, Ashkenazi Jews score one standard deviation above average on verbal IQ tests. Jewish communities are very poor indicator, as they attract dumb conservatives, or Sephardic Jews from the middle East with strong religious fealings. The elite is only implicated in the community by financing it.

 

I am not saying Jews are born more intelligent, there are many factors which I won't rase, it's off topic.

[Takoush]

I don't know about the high intellect of Jews and probably most of them are; but their parents also push their children to pursue very high education and in some cases I have seen some kids in my daughter's school to get very high honorary degrees because they were Jews. I am not saying that they didn't work hard and or weren't intelligent; what I am saying is that if there are two very intelligent kids in the same class; the Jewish one will mostly get it, because the town is run by higher up Jews. I will have to accept it as I and hundreds like me can't do anything about it. Such as it may be.

 

An MBA becomes important for an educator for instance; because she will be paid more. In most cases today, employers are seeking for MBA grads rather than undergraduate ones.

 

Whereas a high school grad or less would become a millionnaire, well you can take a look at some of the basketball and sports players and a few of them could hardly be called intelligent.

[Anileve]

Takoush are you the same person as Anahid Takouhi?