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Old 11-22-2011, 01:54 PM
 
24,488 posts, read 40,990,659 times
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Quote:
Originally Posted by sideman View Post
Hence our current economic situation.
I don't follow. Our economic situation was created by people who posses excess knowledge than they need to their job and attained that knowledge just in order to have a piece of paper that allows their employer to pay them more?
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Old 11-22-2011, 02:01 PM
 
Location: San Francisco, CA
15,088 posts, read 13,389,297 times
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Not nearly everyone is going to get an in-demand advanced degree from a top school - Stanford down the street here only accepts between 7-9% of annual applicants to its MBA program. So the value will most certainly be there for those that go there and succeed.
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Old 11-22-2011, 02:08 PM
 
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Quote:
Originally Posted by ambient View Post
Not nearly everyone is going to get an in-demand advanced degree from a top school - Stanford down the street here only accepts between 7-9% of annual applicants to its MBA program. So the value will most certainly be there for those that go there and succeed.
That's generally the idea. If you're going to travel the path most often traveled (go to school, go to college, work), then you best be at the top of the ranks to solidify your chances of success. Otherwise, the benefits aren't that great and the risks are relatively high.
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Old 11-22-2011, 02:31 PM
 
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Quote:
Originally Posted by NJBest View Post
That's generally the idea. If you're going to travel the path most often traveled (go to school, go to college, work), then you best be at the top of the ranks to solidify your chances of success. Otherwise, the benefits aren't that great and the risks are relatively high.
That is certainly debatable.

Seems like the most bang for your buck comes from doing an MBA at a part-time program as opposed to a "top ranked full time program." That way you can work at the same time. Obviously, the most bang for your buck would be part-time at a top program (with your company paying for it).

The cost of not working for two years (if you already have a high salary) can be very high...

MBA costs soar. Salaries? Not so much. - Fortune Management
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Old 11-22-2011, 02:33 PM
 
Location: Houston
471 posts, read 1,601,616 times
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Quote:
Originally Posted by Hamish Forbes View Post
Think more about what constitutes a life well lived. Perhaps conventional success is not require for happiness and satisfaction. Is it really important to have the Rolls Royce rather than the Honda Accord? To have a 6000 sq-ft house rather than a 2000? Focus on health (mental and physical), fitness, family, friendships, learning, and the like, rather than on winning the rat race.
+1

Lots of miserable people out there with jobs that pay well but who gives a rat's rear end about a fat paycheck if you are so busy & stressed out you can't enjoy the fruits of your labor? And if you plan on having a family, this is really something to consider before signing on the dotted line ("When's Mom coming home?" "Dunno, said she had to work late again on a client's project." "Oh O.K. then I'll go over to Johnny's house again - he said his dad has some prescription pills that effing ROCK!" ).

While nothing is permanent these days, to make life easier at least, personally speaking I would try to pick a career that offers stability, and time for yourself if at all possible, over Big Dollars. But then again I'm a big Moody Blues and Black Flag fan and used to wrestle in college (ewwww spandex!), so what do I know.
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Old 11-22-2011, 02:48 PM
 
24,488 posts, read 40,990,659 times
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Quote:
Originally Posted by cyclone8570 View Post
That is certainly debatable.

Seems like the most bang for your buck comes from doing an MBA at a part-time program as opposed to a "top ranked full time program." That way you can work at the same time. Obviously, the most bang for your buck would be part-time at a top program (with your company paying for it).

The cost of not working for two years (if you already have a high salary) can be very high...

MBA costs soar. Salaries? Not so much. - Fortune Management
When I said "you best be at the top of the ranks", I meant as an individual you best be a top student. I did not mean that all students should attend top-ranked schools.

That being said, decent schools do offer part-time MBAs (NYU Stern, which is where I am looking, for example). This allows you to get close to the best bang for the buck compared to lesser quality schools.
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Old 11-22-2011, 03:06 PM
 
18,837 posts, read 37,209,219 times
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With that attitude, why did I bother to get a Masters degree? Because, if you strive to be on top, you will get there...there are lots of people who aim only as high as working at Subway...I am certianly ahead of those folks, even if I did not go to Stanford for my degree.
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Old 11-22-2011, 03:18 PM
 
24,488 posts, read 40,990,659 times
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Quote:
Originally Posted by jasper12 View Post
With that attitude, why did I bother to get a Masters degree? Because, if you strive to be on top, you will get there...there are lots of people who aim only as high as working at Subway...I am certianly ahead of those folks, even if I did not go to Stanford for my degree.
While I completely agree with you... it does make you wonder why there's so many stories of folks with masters degrees not being able to get jobs at Subway.
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Old 11-22-2011, 04:12 PM
 
2,279 posts, read 3,957,838 times
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Quote:
Originally Posted by NJBest View Post
While I completely agree with you... it does make you wonder why there's so many stories of folks with masters degrees not being able to get jobs at Subway.
Making sandwiches is a complex line of business and don't you forget it. The task can't just be handed off to any ole bonehead with an expensive piece of paper. You have to know about sandwich synergy and that doesn't come natural. That's talent.

Z3N1TH 0N3

-Sandwich Engineer, 5 years exp.
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Old 11-22-2011, 04:31 PM
 
Location: Midwest
504 posts, read 1,266,103 times
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Quote:
Originally Posted by NJBest View Post
While I completely agree with you... it does make you wonder why there's so many stories of folks with masters degrees not being able to get jobs at Subway.
Think about how you define the term "masters degree" and the answer should be clear.
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