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The Shorter, Faster, Cheaper MBA
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Kooja
Oct 21, 2009 1:12 PM GMT
MBA degrees are surrogates for networking warehouses. Beyond that, they are a bunch of crap. Not ONE economist, for example, with MBA degrees from those highfalutin Universities can define economic depression, recession or contraction of this US economy. They cannot run studies or experiments like one could, in a science lab, for example. They cannot demonstrate anything and there is no such thing as a proof of concept study, to begin with. It is a bunch of baloney and is nothing more than a glorified economics degree polished with a political cloth.
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Newbie
Oct 18, 2009 7:35 AM GMT
The US style 2-year MBA programmes are a thing of past. In fact, Harvard University is a b-school of the past. There is always a high positive correlation between the growth of a country's economy and the importance of its b-schools. Now that we all know that India and China are poised to be the world's two largest economies, there is a need for managers who know how to do business in these two countries. And one cannot learn the nuances of doing business in India and China, by sitting in the USA (in Harvard B-School). One has to be on ground in these two countries.
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DanTe
Oct 17, 2009 5:07 PM GMT
Thanks TBird, for proving my point by spewing a ton of bull. MBAs not responsible? Typical of all MBA hires when questioned on their failure. The traunching of CMO's and other securities directly caused most of the headaches requiring a quick TARP fix. And those kinds of half-baked derivative maths came from MBA's. But keep spreading the manure, er blame. That's what you MBA's are good at. And as to your dual MS degree, I would bet it's in the "science" of economics - yes? Or are you in one of those schools which considers accounting a science?
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TBird
Oct 17, 2009 3:53 AM GMT
As an MBA and MS dual degree student, I think you are missing the point. These fast track programs are hurting what is still a viable degree, and if some of the posters took MBA classes, they would realize few courses are simply based on theory. I also think its funny that two critics of the post contradicted each other so completely and noone seems to have noticed. One said all the business leaders are dropouts (not true, by the way, do a little research). The other said it was MBA's that brought about the downfall of the economy (also untrue - most loan officers hold bachelor's degrees).
I understand that MBAs are knocked right now, but like every other profession, there are the good ones and the bad ones. (Yes, DanTe with your Master's of Science that makes you good at bad acronyms is included, in fact you might even prove my point that any degree has its bad apples).
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Paul
Oct 16, 2009 10:18 PM GMT
It's not the degree that is worthless, itâ??s the schools that are more focused on profits and allow students with virtually no work experience to go through a program designed to be completed in two years to be finished in less than a year. I really hope the AACSB wakes up to this scam and stops allowing these schools to leverage their brand power that took years to develop. But reality will set in after a year or two when they can't promise students guaranteed $100k per year jobs anymore. I chose a weekend Master of Finance program that allows me to continue working and use the skills I learned in class on the job so itâ??s not just drinking through a fire hose for a year and forgetting 90% of what I learned without being able to use it.
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ThePrairiePrankster
Oct 16, 2009 9:57 PM GMT
Please add more under qualified MBAs to wreck even more businesses in America. A worthless degree creating expectations that will never be met. A dime a dozen and not even worth the dime.
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Dorothy Beach, MBA
Oct 16, 2009 6:38 PM GMT
Yes losing patience with a system that is too linear, not relevant so get it done as quickly as possible to get on with what is real. But we are seeing the backlash now - it takes six years on average to complete a bachelors and less than half actually graduate according to The Chronicle of Higher Ed. Now the worry is that Gen Y will not go to college at all. The schools are showing products that the students want but how fast can they make an MBA? Try 9 months. The fact that the cost of education is approaching zero will level the playing field at the same time a piece of the resume is degrading - that is, the education section. One less way to evaluate a candidate for the job. I think that the self-awareness movement will fix that - now evidence will be easy to come by and easy to add to a website or visualcv or a LinkedIn profile. And certifications will rule the day. I don't necessarily like where it's going but understand that the US needs this type of worker - flexible and ready to be open to learning on a continual basis for the project at hand.
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wpvn
Oct 16, 2009 6:27 PM GMT
I don't know who the real loser is... those who finish Harvard or the one who call some of them "loosers".
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HealthCheck
Oct 16, 2009 6:02 PM GMT
Ever wondered why great business leaders among us are not even graduates, let alone MBAs. God knows what happens to these Elite MBAs from MIT, Harward etc etc.. once they graduate.
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Venkata
Oct 16, 2009 5:38 PM GMT
I didnot know Rutgers offer a one year program that's perfect timing go Rutgers..
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The Shorter, Faster, Cheaper MBA
All Reader Comments
page 2 of 3
Kooja Oct 21, 2009 1:12 PM GMT MBA degrees are surrogates for networking warehouses. Beyond that, they are a bunch of crap. Not ONE economist, for example, with MBA degrees from those highfalutin Universities can define economic depression, recession or contraction of this US economy. They cannot run studies or experiments like one could, in a science lab, for example. They cannot demonstrate anything and there is no such thing as a proof of concept study, to begin with. It is a bunch of baloney and is nothing more than a glorified economics degree polished with a political cloth.
Link to this comment
Newbie Oct 18, 2009 7:35 AM GMT The US style 2-year MBA programmes are a thing of past. In fact, Harvard University is a b-school of the past. There is always a high positive correlation between the growth of a country's economy and the importance of its b-schools. Now that we all know that India and China are poised to be the world's two largest economies, there is a need for managers who know how to do business in these two countries. And one cannot learn the nuances of doing business in India and China, by sitting in the USA (in Harvard B-School). One has to be on ground in these two countries.
Link to this comment
DanTe Oct 17, 2009 5:07 PM GMT Thanks TBird, for proving my point by spewing a ton of bull. MBAs not responsible? Typical of all MBA hires when questioned on their failure. The traunching of CMO's and other securities directly caused most of the headaches requiring a quick TARP fix. And those kinds of half-baked derivative maths came from MBA's. But keep spreading the manure, er blame. That's what you MBA's are good at. And as to your dual MS degree, I would bet it's in the "science" of economics - yes? Or are you in one of those schools which considers accounting a science?
Link to this comment
TBird Oct 17, 2009 3:53 AM GMT As an MBA and MS dual degree student, I think you are missing the point. These fast track programs are hurting what is still a viable degree, and if some of the posters took MBA classes, they would realize few courses are simply based on theory. I also think its funny that two critics of the post contradicted each other so completely and noone seems to have noticed. One said all the business leaders are dropouts (not true, by the way, do a little research). The other said it was MBA's that brought about the downfall of the economy (also untrue - most loan officers hold bachelor's degrees). I understand that MBAs are knocked right now, but like every other profession, there are the good ones and the bad ones. (Yes, DanTe with your Master's of Science that makes you good at bad acronyms is included, in fact you might even prove my point that any degree has its bad apples).
Link to this comment
Paul Oct 16, 2009 10:18 PM GMT It's not the degree that is worthless, itâ??s the schools that are more focused on profits and allow students with virtually no work experience to go through a program designed to be completed in two years to be finished in less than a year. I really hope the AACSB wakes up to this scam and stops allowing these schools to leverage their brand power that took years to develop. But reality will set in after a year or two when they can't promise students guaranteed $100k per year jobs anymore. I chose a weekend Master of Finance program that allows me to continue working and use the skills I learned in class on the job so itâ??s not just drinking through a fire hose for a year and forgetting 90% of what I learned without being able to use it.
Link to this comment
ThePrairiePrankster Oct 16, 2009 9:57 PM GMT Please add more under qualified MBAs to wreck even more businesses in America. A worthless degree creating expectations that will never be met. A dime a dozen and not even worth the dime.
Link to this comment
Dorothy Beach, MBA Oct 16, 2009 6:38 PM GMT Yes losing patience with a system that is too linear, not relevant so get it done as quickly as possible to get on with what is real. But we are seeing the backlash now - it takes six years on average to complete a bachelors and less than half actually graduate according to The Chronicle of Higher Ed. Now the worry is that Gen Y will not go to college at all. The schools are showing products that the students want but how fast can they make an MBA? Try 9 months. The fact that the cost of education is approaching zero will level the playing field at the same time a piece of the resume is degrading - that is, the education section. One less way to evaluate a candidate for the job. I think that the self-awareness movement will fix that - now evidence will be easy to come by and easy to add to a website or visualcv or a LinkedIn profile. And certifications will rule the day. I don't necessarily like where it's going but understand that the US needs this type of worker - flexible and ready to be open to learning on a continual basis for the project at hand.
Link to this comment
wpvn Oct 16, 2009 6:27 PM GMT I don't know who the real loser is... those who finish Harvard or the one who call some of them "loosers".
Link to this comment
HealthCheck Oct 16, 2009 6:02 PM GMT Ever wondered why great business leaders among us are not even graduates, let alone MBAs. God knows what happens to these Elite MBAs from MIT, Harward etc etc.. once they graduate.
Link to this comment
Venkata Oct 16, 2009 5:38 PM GMT I didnot know Rutgers offer a one year program that's perfect timing go Rutgers..
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