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Business degrees are worthwhile from less than top ranked schools, but I would say there is a point where they are meaningless as well. If you are going to a well-respected regional school it will be worth it, but if you are getting an online MBA from some degree mill, you might be laughed out of an interview...
or can you still make good money if you don't go to a top school?
Of course you can make good money if you don't go to a top school. Going to an elite college helps you get your foot in the door, but there are other ways to get your foot in the door as well. What matters most at the end of the day is how you perform therefore where your degree is from becomes less important as you gain experience.
I've never been fond of business degrees though, the programs are pretty low on substance.
I got my BS in business (Information Systems & Operations Mgmt) from a state school. The b-school on campus had an awesome career center, went above and beyond bringing employers to campus, and helped me find both a good internship and good job after graduation. 97% of graduates had either full time jobs or grad school acceptances within 6 months of graduation--that says the degree is worth something to me.
True, I would have had a hard time going into ibanking from a state school, but it wasn't what I wanted to do. I am getting paid a very solid salary right now, so I'm content. (And funny enough, I sit next to a business major from Columbia, and a Yale grad...we all make within 5-10% of each other)
Having a name like Harvard or MIT at the top of your resume gets you an interview, but you still have to prove your stuff just like anyone from any school does.
Harvard Business School, Wharton, are entirely different worlds. You'll have different career trajectories, different networks to tap into, different doors that open up that wouldn't otherwise, etc.
But still, a lot of business success can't be taught in the classroom. They can't give you a test for passion or drive. How many Forbes 400 members don't have a harvard or wharton degree? How many didn't even go to college or dropped out? It's a high number.
I went to a very low state school (not on any national rankings I dont think). Honestly, many of the prof's there in the business dept didnt really know what they were doing. Some didnt know if we were in a real estate bubble (this was early 2000's california). None of them could have predicted the economic collapse of 07/08. There are limits to the models they teach in a classroom. Ego, greed, stupidty, etc aren't covered in business books in college (for whatever reason). Even though they impact much of the business and economic world.
You have to supplement your business degree with material outside of the classroom to know whats going on. I think the degrees are sort of hollow and empty. Its not like engineering or medicine. There's so much that isn't cover in a classroom.
In my business administration classes they covered issues about greed and corruption.
Quote:
Originally Posted by John23
Harvard Business School, Wharton, are entirely different worlds. You'll have different career trajectories, different networks to tap into, different doors that open up that wouldn't otherwise, etc.
But still, a lot of business success can't be taught in the classroom. They can't give you a test for passion or drive. How many Forbes 400 members don't have a harvard or wharton degree? How many didn't even go to college or dropped out? It's a high number.
I went to a very low state school (not on any national rankings I dont think). Honestly, many of the prof's there in the business dept didnt really know what they were doing. Some didnt know if we were in a real estate bubble (this was early 2000's california). None of them could have predicted the economic collapse of 07/08. There are limits to the models they teach in a classroom. Ego, greed, stupidty, etc aren't covered in business books in college (for whatever reason). Even though they impact much of the business and economic world.
You have to supplement your business degree with material outside of the classroom to know whats going on. I think the degrees are sort of hollow and empty. Its not like engineering or medicine. There's so much that isn't cover in a classroom.
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