[quote=j]I think top 10 MBA programs are very overrated by employers. Look at all those MBAs from top programs that failed to see the mortgage/housing bubble.
Where did Rich go for his degree? I believe Rich has a better education than most Wall Street CEO and CFOs. He may just be much starter and more honest.[/quote]
Well, if that is the case (in the general sense), what does that say about the general case of every other MBA program. Not saying there aren’t exceptions to the rule. BUT, I’m speaking in terms of large numbers. And let’s face it, there is a face of elitism in some of these financial institutions. I might not agree with them, but again I’d doubt you’d be finding many of these folks with a MBA from University of Phoenix.
I think a lot of people were lured into a degree/profession under the false pretense of easy money or a “sure thing”.
Sadly, especially in this economy, things have gotten considerably more competitive. You want it, you need to go after it. Period. If it’s not you, someone else will, and chances are someone else will cheaper/faster/etc. So the question one needs to self is what can I bring to the table different from the other person?.
I think the issue with a lot of these soft degrees, is that you really can’t just go through school, get good grades and expect to have something line up without relevant work experience. I mean, you might be able to do this for a technical degree (if you have a relevant research/engineering project), but especially for some of these soft degrees, you really need to have some experience. No one in this economy is going to be hiring a project manager with no working experience with an MBA. It just doesn’t happen. These days, even for technical folks, the ones getting hired are the ones that have done coops and internships for several years while in school.
I wouldn’t be surprised moving forward if folks actually tried to sue schools for tuition refunds because they can find jobs afterwords. I’d bet money that will happen eventually.
