Comments on: mba’s are mia http://www.cheezhead.com/2005/04/14/mbas-are-mia/ Insight and opinion from the world of employment. Fri, 13 Nov 2009 04:01:22 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: the snob http://www.cheezhead.com/2005/04/14/mbas-are-mia/comment-page-1/#comment-24 the snob Fri, 15 Apr 2005 21:56:35 +0000 http://www.cheezhead.com/2005/04/14/mbas-are-mia/#comment-24 Well, this certainly describes me. I'm smack-dab in the target age range/career stage for an MBA and I chose to go the entrepreneurship route instead. Starting a business isn't cheap but a top MBA program is now a $500,000 ticket if you figure lost salary in. In an entrepreneurial culture, starting your own business buys you a lot of respect even if it fails, and it gets you experience no MBA program can. Unlike law or medicine, where the sheepskin is a critical path, corporate America will hire anyone who can hold their attention. I've had a lot of friends who've gone to Cornell, HBS, Stanford, etc., all very smart people, and all (save one) going into I-banking. My gut instinct is that the top tier programs will do fine enrollment-wise because they can still essentially guarantee their graduates a 6-figure job on the fast track, but their social influence will wane as a Harvard MBA becomes a degree for Wall St. instead of Main St. Programs outside the top 10 will be in trouble because the average applicant quality will decline, thereby reducing the value of a "University of XYZ MBA" on the market. Keep in mind precisely how much you paid for this forecast. -snob Well, this certainly describes me. I’m smack-dab in the target age range/career stage for an MBA and I chose to go the entrepreneurship route instead. Starting a business isn’t cheap but a top MBA program is now a $500,000 ticket if you figure lost salary in. In an entrepreneurial culture, starting your own business buys you a lot of respect even if it fails, and it gets you experience no MBA program can. Unlike law or medicine, where the sheepskin is a critical path, corporate America will hire anyone who can hold their attention. I’ve had a lot of friends who’ve gone to Cornell, HBS, Stanford, etc., all very smart people, and all (save one) going into I-banking.

My gut instinct is that the top tier programs will do fine enrollment-wise because they can still essentially guarantee their graduates a 6-figure job on the fast track, but their social influence will wane as a Harvard MBA becomes a degree for Wall St. instead of Main St. Programs outside the top 10 will be in trouble because the average applicant quality will decline, thereby reducing the value of a “University of XYZ MBA” on the market.

Keep in mind precisely how much you paid for this forecast.

-snob

]]>