MBA waste of time?

PistolPt wrote:
unless it is harvard or wharton, no one is going to care if you have an MBA in the states. And even then they wont care that much.
MBAs are a dime a dozen.
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That’s right. If you can’t go to Harvard/Wharton, then kill yourself.
If you can’t wear an Armani suit and a Cartier watch, then you should go naked.
If you can’t drive a Bughatti Veyron Supersport, then walk. Or better yet, crawl, you piece of garbage.
I have no time nor tolerance for those who settle for second best, like Ross (the school), Rolex or Rolls Royce.
 
At OP, the MBA is not about learning new things…it is about building a network. That said, if it is not a top 10 MBA then it pretty much won’t help you as networks at other schools are not that good. Also, undergrad in terms of knowledge means very little…the majority of your knowledge will come from work experience (and CFA will help too), i.e. don’t get too hung up on your bachelors, everyone has a bachelors nowadays so it does not mean much. Unless your bachelors degree was at an Ivy League or top 10 institution, I would consider aiming towards entering a top 10 MBA program…or you will likely not end up where you want to be, don’t underestimate the power of the brand…get into the program, ace the classes (since you seem to say you know it all already), and meet your rich classmates daddies with the big bucks.
PS I agree that it seemed you had already made up your mind and were looking for some kind of reinforcement from us.
PSS Yes, I’m pretty sure Vicky’s idea of breaking into finance is not the same as TRH’s.
 
vicky_cool400 wrote:
what did he do to go to hedge funds at 24 .?
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At the very least, I’m betting he knew how to project sales and cogs. just a hunch.
 
This thread is a farce. OP opens a thread asking if MBA is “waste of time” yet he’s not even in earshot of getting an MBA on his own. My inclination would have been to do do some research before posting an inflammatory subject line like this, but why should I be surprised? This is all from the same poster that thought getting compensation terms in writing might seem to be an “offensive” thing to ask an employer.
http://www.analystforum.com/forums/cfa-forums/cfa-general-discussion/913...
You also wrote: “i also think that, for an engineer, would be better off with a finance quants type of master. In an MBA program you’ll learn all over again the basics of finance.. waste of potential.”
^ Not sure why you seem to have such an axe to grind when it comes to MBA’s. Many schools have plenty of upper-level finance courses beyond the basic stuff, and in many cases if you’ve filled your basic requirements elsewhere (either through work experience or prior coursework) you can elect out of the entry level MBA courses. HBS is one exception where all students take RC during their first year, but just about anything is fair game for EC. So, I’m not really sure what you meant by “waste of potential.” Also, a “quants type of master” is mostly irrelevant for fundamental analysis and there are plenty of engineers that want to go to IM/HF, so why would you tell them to go pursue a quant degree?
AF should have a similar system to WallStreetOasis where people can either get silver bananas for saying something useful or get monkey sh!t thrown at them for providing misinformation. Weren’t we talking about a ratings system here a while back? What happened to that?
 
Greenman72 wrote:
^I think TRH’s defintion of “breaking into finance” differs from Vicky’s definition of “breaking into finance”.
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lol
 
marco096 wrote:
Besides, lots of MBA don’t require experience, if not most. take Warthon for example.
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You got to be delusional if you actually believe this. Look at Wharton’s class profile:
http://www.wharton.upenn.edu/mba/admissions/class-profile.cfm
The average amount of work experience is 5 years. Sure, could you get admitted with zero work experience? Yeah its possible but those people are extreme outliers and probably way, way more accomplished than your typical undergrad. It’s basically not even worth considering applying for Wharton or other good MBA programs without 4-5 years of solid corporate work experience. Any of the decent MBA programs usually have an average class age in the 27-30 range.
 
I think you got an answer to your question already…
If you have a business degree, an MBA really doesn’t teach you a lot more, so i’d say it’s only benefitial if you came from another discipline and wanted some business insights.
And these days it’s so easy to obtain an MBA and i wonder how big of a difference does it make on your resume. I just feel like a lot of money and effort for not much more in your scenario. i would rather learn something outside of business, say software/ IT related or a second language, they may give you more synergies than adding a MBA on top.
But i do want to stress that this is not to say that MBA and CFA are similar, they teach completely different things. I am only drawing my conclusion based on a decent business degree and MBA program.
NANA
 
Ramos4rm wrote:
i.e. don’t get too hung up on your bachelors, everyone has a bachelors nowadays so it does not mean much.
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I agree everyone has a bachelor these days, however coming from a top business school, you cant compare yourself to someone from an average school. all my friends that went on exchange to average school (ex warwick in UK) said it was a total joke and that you could do well without reading a single page.
 
numi wrote:
This thread is a farce.
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Its funny according to you I must have the intention to enroll into an MBA to discuss the topic. Who knows maybe in the future this could be an option for me. The reason behind this thread doesn’t have to be discuss. Just shut your mouth if you don’t wish to contribute?
With all the rage you have in your post I suspect you’re an MBA student or strongly considering one? sorry if I believe it’s a waste of time, my opinion.
You’re asking why i suggest engineers to go towards quants. I don’t understand your reasonning here. Everyone knows engineering is full of ocmplex maths and often times engineers when they go to finance use this asset they have and build on it. Again, this was an OPINION, not sure why you call that ”disinformaiton”.
In order to cure your frustraiton I would reocmmend a cup of tea.
Never forget the distinction between facts and opinions. You may be mad if facts are wrong, but opinons can only be argued.
 
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