Analysis of Finance Designations...Which ones have value?

Greenman72 wrote:
It has been posted before–I think there are four “premier” designations: CFA, CPA, JD, and MBA (as long as it is from a good school–maybe top 50).
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MBA top 50? when the economy was booming, sure. Those days are over.
In today’s world, you need a top 10 MBA program
 
^Top 10? Maybe when the economy was booming, sure. Those days are over. In today’s world, you need a Top 3 MBA Program which follows in your Mother and Father’s Top 3 MBA program footsteps.
May as well saw your own head off if you don’t have a Top 3 MBA, CFA, and BSD, no other way about it. I think the brown nigga selling hotdogs and running 3 card monte has a Top 10 MBA nowadays.
 
CFAvsMBA wrote:
^ Do tell. What happened?
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Not much to tell. It was my first job out of the Marines. At the time, I had no degree and no finance training, but I was able to pass the Series 7 and 65. I was given a script to memorize, and told to make cold calls. I also hung out at Costco handing out flyers.
Part of the script says, “The training I have received from Ameriprise is almost the equivalent of a Master’s degree [in financial planning].” Now that I actually do have a real Master’s degree, I can assure you that it was not.
To make a long story short, I saw through the baloney they were trying to sell, and I jumped ship to a “real” investment firm–Morgan Stanley. But I realized that I still didn’t know what I was talking about and was unable to shill investment products. So I quit and went back to school full-time. Finished bachelor’s, finished Master’s, sat for CPA exam, now working on CFA Level 3.
 
iteracom wrote:
MBA top 50? when the economy was booming, sure. Those days are over.
In today’s world, you need a top 10 MBA program
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According to US News and World Report, #11 B-school in US is NYU Stern. Duke and Michigan aren’t far behind. Are their MBA’s worthless?
 
Greenman72 wrote:
DVictr is right. The University of Texas is an outstanding, elite, well-respected school–in Texas (and the southwest in general). Harvard is an outstanding, elite, well-respected school everywhere.
If you want to work in Dallas, Austin, Houston, or San Antonio, go to University of Texas. It will probably earn you about the same pay (and better ROI) as Harvard.
If you want to work in NYC or London or Hong Kong, go to Harvard.
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Agree and I’m a UT Austin MBA. McCombs graduate business program is often referred to as the Harvard of the Southwest.
 
Man, there sure are a lot of Harvards of various geographic regions. Apparently, Rice is the Harvard of the South, McGill is the Harvard of the North, and I guess now UT Austin is the Harvard of the Southwest.
 
So based upon the comments here an MBA is a worthless designation….unless you go to the ”right” university…and there seems to be not too many of those.
 
I disagree. A GOOD MBA is a good MBA. And when I mean a GOOD MBA, I mean one of the top private institutions (Ivy Leagues, MIT, Duke, USC, Northwestern) and the big flagship state universities (Michigan, Texas, California, Virginia).
There’s a big difference between an MBA from Texas A&M-College Station and Texas A&M Corpus Christi. They’re not even comparable. My MBA is from a school similar to the latter, and I wouldn’t compare it to the “real thing”.
All MBA’s are not created equal. The “lesser” MBA’s have begun to water down the meaning of the degree. That’s why where you go makes a big difference. And it makes a bigger difference still when it’s a “local” school. The University of Texas-Brownsville will mean more if you apply to a job in Brownsville than at a job in Dallas. If you want to work in Dallas, probably better to go to UT-Dallas.
 
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