DISQUS

Bob · 2 years ago

this begs the question: If the "commoditization causes devaluation" with an MBA, then what about all the poor saps sitting with a Bachelors Degree in business? (I won't answer) ;)

Kurt · 2 years ago

I'll ignore the first comment's misuse of "beg the question."

One thing to keep in mind is that many people tend to take time off from a high-pressure industry (investment banking, for instance) purely for the sake of relaxing. Going to business school provides air cover.

Brian · 2 years ago

This is absolutely happening across the corporate world as well.

In my recent job search, I flat out asked many of the finance managers how different they would look at me if I had an MBA. Most answered that they would not hire me for a higher position, but may throw an extra $5k to the salary offer. $5k is nothing if you go to a Harvard or Northwestern that charges upwards of $100k for tuition.

Matt · 2 years ago

I completely agree that if you're going to stop working to get a business degree you really need to know why you're doing it. The time value of money really comes to play when you're taking 2 years off and spending in some cases as much as $100K per year on schooling that may never repay itself.

With that said and MBA will set you apart from the crowd to some extent and having one will never be a detriment. I've been contemplating getting a Executive MBA which is tailored to allow you to continue working.

Tyler · 2 years ago

What about getting an MBA while working full time? There are many night programs out there that are very worthwhile and people should consider them if seriously interested. I myself am thinking about it since I am currently going for my bachelors in business while working full time.

guinness416 · 2 years ago

"Going to business school provides air cover." Yeah it's anecdotal, but this sounds right among people I know. Hard chargers often find themselves needing a break after a decade or so.

I don't have an MBA, but I see a lot of colleges and grads extolling the value of the networking opportunities, contacts, etc. Any truth to that, I wonder? There's also the issue of how an MBA from, say, University of Toronto is viewed versus one from Cowboy College. One other point I've heard acquaintances with MBAs mention is the fact that apparently going straight into an MBA after a primary degree is becoming more common - which significantly decreases the quality of the program when a lot of students have no experience to bring to the discussions or group work.

Toby · 2 years ago

Thanks for pointing out this article. It's very timely as I am considering my options to get into financial analysis. I was considering a pricey MBA program with specific concentration in Financial Analysis. Even with my company's tuition reimbursement, I would still be paying about $30k-50k out-of-pocket.

I've also been considering going the personal MBA route (http://personalmba.com/manifesto/) combined with work towards a CFA designation. A lot of work, but a lot cheaper and way more focused on what I want to be doing going forward.

cindy@staged4more · 2 years ago

i think guinness416 brought out a very good point. i have many friends went straight to grad school (some even at harvard) and had obviously no work experiences to contribute. my friends pretty much sat on the bench and do leg work because they had no real life experiences to contribute to case studies and group projects.

i am a small business owner and definitely have thought about going back for a mba to elevate my company. but a) there are very little programs for small businesses b) it's very expensive to not take work to study whether it's part time or full time school, i will still take have to take time away from working c) i honestly feel that i am learning more on my own in the field than going to school. i went to a very decent undergrad school, while i network a lot and know many well to do individuals, it really has not contributed much to my current work.

that's my 2 cents,
cindy

Patrick · 2 years ago

I think you hit the jackpot when you likened an MBA to a commodity. College degrees in general have almost become commodities. However, they are still necessary in many cases.