Originally Posted by NAMOR
Akatsui, could you extrapolate on this:
"I've seen little value add from MBA"
Oddly enough, I'm actually studying for the GMAT right now. What kinds of degrees or types of work histories prove to be most useful in your field?
MD, engineering or a hardcore math/science degree.
Versus MBAs you get a decent level of statistical knowledge for clinical trials, rigor in analysis, and a good sense of how to break down a problem and prioritize. Social skills are important if a bit undervalued in MD programs, but dealing with patients is far harder than dealing with CEOs, and also you have a better sense of proportion, since it isn't someone's life on the line. Also, MBAs tend to bitch a lot about working past 8 or so for a couple of days or working on weekends.
Versus science PhDs, you are more comfortable with the uncertainty of doing an analysis based on an n of 8. You have more social skills. You probably have less quant skills and less patience for bureaucracy. Probably can't run SPSS/Strata analysis either.
MBAs have excel and powerpoint knowledge that takes 3-4 months to figure out. If you want analytic finance skills - U of C is supposed to be good as mentioned above, but frankly a lot of the quants I know are ex-physics and maths guys, and we could definitely use people who understood math at that level in consulting.
The networking/clannish aspect of B-school is really weird from an outsider perspective though.
Obviously these are generalizations and just my opinion.