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The MBA Thread - Page 32

post #466 of 1022
I'll get an MBA if my career can't proceed without it. Going straight from undergrad to MBA seems like a waste of money and a last resort for those who can't find a job. Waste of money because without solid experience you can't really aim for the mid-level positions.
post #467 of 1022
Quote:
Originally Posted by grapeswisher View Post
Going straight from undergrad to MBA seems like a waste of money and a last resort for those who can't find a job. Waste of money because without solid experience you can't really aim for the mid-level positions.

Other than the fact that I'm developing skills that I didn't receive as a liberal arts student, you're right on the money. I can't apply for MBA internships b/c I don't have any work experience and I can't apply for any other internships because nobody wants to put a third-year JD/MBA into a room with a bunch of undergrads.
post #468 of 1022
Quote:
Originally Posted by grapeswisher View Post
I'll get an MBA if my career can't proceed without it.

Going straight from undergrad to MBA seems like a waste of money and a last resort for those who can't find a job. Waste of money because without solid experience you can't really aim for the mid-level positions.

Agreed. Never try for an MBA right out of undergrad. It's almost never a good idea. If your career doesn't work out, you can aim for a professional master's in finance/accounting/IT/etc. and redirect that way with additional school resources and recruiting. Then an MBA later on.
post #469 of 1022
Quote:
Originally Posted by grapeswisher View Post
I'll get an MBA if my career can't proceed without it.

Going straight from undergrad to MBA seems like a waste of money and a last resort for those who can't find a job. Waste of money because without solid experience you can't really aim for the mid-level positions.

+100. I went straight from undergrad to MBA school. As part of my grad school, I also got a Master's in Computer Science. When I graduated, I had 2 Master's degress but no work experience, which made me overqualified for entry-level jobs and underqualified for middle-level management. In addition, employers were very hesitant to hire me because they thought I would get 2 years' experience and leave for a better job. Those were tough times but as they say, what doesn't kill you only makes you stronger :-). Took me over 18 months to find a decent job.
post #470 of 1022
GMAT math is def harder than GRE .. not that it's hard but tricky if you're not paying attn. GRE otoh i missed at least 1 and still got 800 ... lulz GRE verbal is way easier too, if you study the vocal list (which i didnt) insta 800. dont remember GMAT verbal also, only an MBA could think 'simultaneous equations' are mind-blowing math...
post #471 of 1022
Quote:
Originally Posted by scientific View Post
GMAT math is def harder than GRE .. not that it's hard but tricky if you're not paying attn. GRE otoh i missed at least 1 and still got 800 ... lulz
GRE verbal is way easier too, if you study the vocal list (which i didnt) insta 800. dont remember GMAT verbal
also, only an MBA could think 'simultaneous equations' are mind-blowing math...

Who said simultaneous equations are mind-blowing? They are super easy. We were discussing them in relation to when you learn them (and I think it was mentioned that they WERE easy).
post #472 of 1022
An interesting list showing ROI rankings for MBA's from various schools.

Basically how many years it takes to earn back the cost of attending the school...

http://www.businessweek.com/interact..._roi_2011.html
post #473 of 1022
Well, there's 2 huge glaring faults of that ROI calculation skewing the results.
post #474 of 1022
I never liked business week's rankings. Too many questionable positions.
post #475 of 1022
Quote:
Originally Posted by newinny View Post
I never liked business week's rankings. Too many questionable positions.
Like my school: UGA/Terry College of Business We're right above MIT on that list (ROI calcs). And four spots above Wharton.
post #476 of 1022
Quote:
Originally Posted by nerdykarim View Post
Like my school: UGA/Terry College of Business

We're right above MIT on that list (ROI calcs). And four spots above Wharton.

My school isn't even listed. They skip right over it (it has a 6.9 year payback per my calcs using the data on their site). BW isn't regarded nearly as highly as USNews and it gets ignored for the most part by applicants (at least in my experience). Schools fly up and down that list every year. They have SMU almost in the top 10! It has a lower GMAT average, lower employment %, lower starting salary, and higher admit rate than BC but it's ranked 38 spots higher...why exactly?

Having SMU in the top 15 while having schools like WUSTL barely in the top 40 makes the ranking pretty much a joke.
post #477 of 1022
Quote:
Originally Posted by bananananana View Post
Well, there's 2 huge glaring faults of that ROI calculation skewing the results.
+1 The most obvious of which is that students at those schools came from lower paying jobs to begin with. Some of them also have relatively low tuition.
post #478 of 1022
Quote:
Originally Posted by BC2012 View Post
My school isn't even listed. They skip right over it (it has a 6.9 year payback per my calcs using the data on their site). BW isn't regarded nearly as highly as USNews and it gets ignored for the most part by applicants (at least in my experience). Schools fly up and down that list every year. They have SMU almost in the top 10! It has a lower GMAT average, lower employment %, lower starting salary, and higher admit rate than BC but it's ranked 38 spots higher...why exactly?

Having SMU in the top 15 while having schools like WUSTL barely in the top 40 makes the ranking pretty much a joke.

Did you research WUSTL? I've been looking into it as a late option due to it having no app fee and no rec requirement. However, I haven't been able to get really excited about it, and I'm not sure I would go if admitted (even w/ $$$, assuming I didn't get in anywhere else). Most of this has to do with the dismal opinions of their career services and the fact that their PT program has avg gmat of 590 .

I know I'd be going full time, but having so many sub 590s walking around with the same degree IMO dilutes the brand.

It's ranked just a few spots out of the top 16, but it's clearly light-years away from somewhere like Anderson or McCombs. I'd be interested to hear your positive opinion.
post #479 of 1022
Quote:
Originally Posted by CunningSmeagol View Post
Did you research WUSTL? I've been looking into it as a late option due to it having no app fee and no rec requirement. However, I haven't been able to get really excited about it, and I'm not sure I would go if admitted (even w/ $$$, assuming I didn't get in anywhere else). Most of this has to do with the dismal opinions of their career services and the fact that their PT program has avg gmat of 590 . I know I'd be going full time, but having so many sub 590s walking around with the same degree IMO dilutes the brand. It's ranked just a few spots out of the top 16, but it's clearly light-years away from somewhere like Anderson or McCombs. I'd be interested to hear your positive opinion.
I got into WUSTL with a 1/2 scholarship. I only applied because of the no app fee and no recommendations; I had no real desire to go to St. Louis. Still, the program has a good reputation in some ways. You won't be dealing with the 590s as most companies view the FT MBA as a different animal than the PT - the PTers are mostly employed locals that could even be an asset later on. Still, if you look at recruiting, my school (BC) has a higher median salary and is recruited by better companies (IMO) at a far lesser cost in a better city. A lot of schools (BU, Georgia Tech, Washington, etc.) fit this mold of better salaries, similar hiring stats, and lesser costs to the private MBA programs like WUSTL that buy higher GMAT averages (through scholarships) to game the rankings. Regardless, I liked what I learned about WUSTL and the fact they flew me out there and put me in a hotel to try and recruit me meant a lot. It boils down to this: do you want corporate finance or general management at a lower end F500 firm headquartered in the midwest? There are tons of people who would love a $85k/year, mostly 8:30-5 job like that. If you want high finance or consulting, there are other schools. The biggest thing I've learned about MBA programs is that the jobs are pretty similar from schools ranked 20-50. You're looking at regional, 85-90k/year jobs for the most part. Schools ranked 10-20 have the same type of jobs, just more of the 2nd tier (and some 1st tier) consulting firms and some higher end finance jobs. The majority of students still end up in the general management, lower consulting, and corporate finance roles, though. The T10 schools tend you put you into the 100k+ jobs for the majority of the students and they end up at the higher end of the spectrum in most cases.
post #480 of 1022
Quote:
Originally Posted by Don Carlos View Post
+1

The most obvious of which is that students at those schools came from lower paying jobs to begin with. Some of them also have relatively low tuition.

Also, for the schools with around 10 - like Harvard or Wharton, the salary curve tends to be pretty steep, so the first year salary is not necessarily representative of future earnings.
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