Realistically folks, what is the value of an MBA person–whether male or female–both in the professional and social contexts in society?
Your opinions please.
I do believe MIT and Harvard MBAs are about 100K plus.
Less so for other less known universities.
professional and socially it gives you different persepective to life.
thanks, hmcq :)
moona it depends what you mean by value. I always chuckled at the fact how ppl can consider teaching or nursing as professions helping the people but not business.
I think teh value of people driving the industry is way under rated and to add to it a negative portrayal of business people is hown constantly in the media.
speaking of value ..in a social context it is impacted by the portrayal, but in general is not bad.
from a professional perspective it opens the doors for you that would otherwise be hard to open, if you play your card right it will give you access to networks and provide with some great training and ability skills that are transferable to a multitude of industries.
as far as value in desis go, i guess money talks, if u have a dgree that makes money, they are okay. I remember when "commerece' was a four letter word in Pakistan. MBA got glamourized a bit in TV shows like Tanhhaiyan, and when the MBAs started making good money it became an attractive designation.
MBA from top 25 schools has some value. MBA from any Joe Schmoe school means crap.
I would not cut it out at top 25, there are plenty of good MBA programs that dont make it into the realm of Kellogg or Wharton but are great programs anyways.
examples of some schools like these are..
U of wisconsin- madison
U of Illinois - Urbana
Notre Dame
Florida
Penn State
Ohio State
Case Western
Boston College
Syracuse
Thunderbird
Wake Forest
Rutgers
SMU
Babson College
Boston University
Minnesota
None of these B-schools are habitual top20 ranking unis but are great institutions and give you access to great networks and have good corporate connections to get u in the right position for you. Just as an example Notre Dame's alumni network is considered one of the strongest in the nation. Some other schools like BU, or Case Western has produced some serious leaders. check out any financial institution based in Ohio and you will what I mean.
From a social perspective, I agree with what Frauds said, especially in our culture. From a professional and personal perspective, it allows you to add value to your organization by enabling in you a much broader perspective on things. In many cases the knowledge gained can allow one to begin to think strategically, where one used to think tactically.
I have just embarked on my part-time MBA, and while its only been a month...I can already see the results
Ahmar Zaman
Babson MBA Class of 2005
Ahmar, babson eh? good school. are you aware of the historic contribution of babson to business education :) quiz question for ya.
[QUOTE]
*Originally posted by Fraudz: *
I would not cut it out at top 25, there are plenty of good MBA programs that dont make it into the realm of Kellogg or Wharton but are great programs anyways.
examples of some schools like these are..
U of wisconsin- madison
U of Illinois - Urbana
Notre Dame
Florida
Penn State
Ohio State
Case Western
Boston College
Syracuse
Thunderbird
Wake Forest
Rutgers
SMU
Babson College
Boston University
Minnesota
None of these B-schools are habitual top20 ranking unis but are great institutions and give you access to great networks and have good corporate connections to get u in the right position for you. Just as an example Notre Dame's alumni network is considered one of the strongest in the nation. Some other schools like BU, or Case Western has produced some serious leaders. check out any financial institution based in Ohio and you will what I mean.
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Fraudia bhai, come on, out of these universites you mentioned, atleast 5-6 are constant top20 in every major. Especially Urbana and madison..
constant would mean every year in every major? if i have one link that shows they were not that would change the meaning of the word constant 
I dont disagree that these unis are real good schools and have broken in top 20 overall and some have programs that are in top 20 even if the overall ranking of their business school or MBA program was not in top 20.
however constantly gives the wrong impression that they are always in the top 20.
I know in 2000 niether of these unis, nor any of the others that i listed were in the top 25 overall as far as MBA is concerned, and that is what we are talking about in this thread.
here ya go
http://www.businessweek.com/bschools/00/#top30
thisd next link shows the rankings on a 2 year basis since 1988. madison was in top 25 once. Great school but not a constant presence in top 20.
http://www.businessweek.com/bschools/rankings/ranking_history00.htm
hmm maybe you follow hte diff rankings then i do…
post your rankings my man. i posted my source.
In a booming economy, MBAs from many more schools are valued in the market. In a tough economy, you are better off sticking with this list, give or take 1 or 2 schools:
Harvard
Stanford
Wharton
Columbia
Kellogg
MIT
U of Chicago
I disagree, you have your tier 1 schools, from which you missed out schools like dartmouth, duke, michigan, cornell, NYU etc anyways, but there are other schools that do a great job of placing their students. schools liek arizona, florida, berkeley, thunderbirdand many others.
An easy way to check this is to look at university placement records. a comparable time period would be early 90's when the market was shot to hell and see how universities fared.
[QUOTE]
*Originally posted by Fraudz: *
I disagree, you have your tier 1 schools, from which you missed out schools like dartmouth, duke, michigan, cornell, NYU etc anyways, but there are other schools that do a great job of placing their students. schools liek arizona, florida, berkeley, thunderbirdand many others.
An easy way to check this is to look at university placement records. a comparable time period would be early 90's when the market was shot to hell and see how universities fared.
[/QUOTE]
Look at average starting salaries for the past year and the year before to make a judgement.....
Any MBA degree other than Top 20 is uncivilized. Keep it in the top10 and you can pick the job, keep in the top 20, you have a leg up, fall out of the top 20, the job picks you.
[QUOTE]
*Originally posted by Kareem: *
Look at average starting salaries for the past year and the year before to make a judgement.....
[/QUOTE]
Kareem it depends on what yopu mean by valued? if by valued you mean higher average starting salaries than you are correct, if you mean value as in the job market does not value those MBA's then you are mistaken.
Point being that even if you are not from a top 20 MBA program, but still a good MBA program, and have the network and the ability you will do well. better than pre-MBA.
The thread is more along the lines of professional and social value of te MBA degree.
Whereas I dont dispute at all that being from a top 20 school gives you better opportunities and an upper hand on competition etc, the point is that if you dont have an MBA and get it from a good school, even if it is not top 20, then you are better off than you were prior to it, from a professional standpoint, as well as from the social value type of issues whether if because ppl value a masters more than an undergrad in our culture which values educational level, or whether having the degree makes u more desireable for employers than you were prior to the MBA.
CH
It may be preferable to stick with the top 2 programs in the country then. Kellogg is #1, and whats that other school in chicago thats #2 ;)
All good and well Fraudiya. These ranking change all the time. But ask the applicants and employers alike. Wharton and HBS have the cache. Trailing close behind, Stanford and U of Chicago...after than you can play your games with rankings and yearly demotions and promotions.
[QUOTE]
*Originally posted by Chaltahai: *
All good and well Fraudiya. These ranking change all the time. But ask the applicants and employers alike. Wharton and HBS have the cache. Trailing close behind, Stanford and U of Chicago...after than you can play your games with rankings and yearly demotions and promotions.
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Hey respect to HBS amd Wharton, great programs. no doubt about it. with profs and students to match.
The point of this thread was not top 10 vs top 20 vs top 40 vs tier 3 vs tier 4, but more of a value of an MBA.
Not which MBA is better because that topic gets beaten to death. Because then one can get into how individual programs are ranked in each school, e.g. Kellogg's Marketing program will pretty much always be ahead of U of Chicago's but not in finance..and thats a whole diff issue. or of annual games of rankings and promotions + demotions of ranks.
Its more of a MBA vs no-MBA question I believe.