Is The MBA Useless Or More Than Useless?

We'll you're talking FTSE 100 clients here. You'd be an even dumber client to believe that because a firm told you this person has 'great experience in XYZ' that that person had great experience. Think of it from a logical point of view, it is in the interest of firm pitching to over-exaggerate the experience of their employees and in the interest of the client to know exactly what they pay for, an MBA gives certainty.

It is very difficult to get onto them both practically and financially. Accounting is not hard to get into first of all, however due to the obvious number getting into a magic circle law firms isn't easy at all. If you think you could waltz into LBS, INSEAD, HBS, Stanford or Wharton then evidently you don't know much of the requirements. Either way you're comparing apples to lions.

I was also wondering if the OP was a rejected applicant, or someone who spent a lot at a lesser university to get one to find it didn't pay off. Definitely an unusually high degree of angry emotion associated with MBAs! There are a number of degrees I think of as pretty useless tbh, but I don't start angry ranting threads about them.

Buddy, go to top MBA school websites and check out their alum. Until you can look at me in the eye and tell me that those guys are idiots, shut the **** up.

Quit the ad hominem^ attacks and answer the question posed by the thread topic.

You can't? Use your superior MBA skills.

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First, for every alum who got an MBA there are alums who never even graduated from college. Gates, Jobs, Drudge, Zuckerberg, Ford, probably even Edison.

I bet those MBAs at Bear Stearns or Lehman Brothers will tell you that their firms were successful because of their MBAs, So what!

Before my mom got an MBA she was an engineer at an excellent firm. She got her MBA. In a different company she has accelerated very quickly because of her MBA (it's a special program within the company to recruit alum of top MBA programs).

I'd agree with your earlier post but for the point I made. No, at the end of the day when contractual promises by service providers are not met satisfactorily, or are flat out broken, and the attorneys get called in, statements that "Consultant X had an MBA" mean nothing. They mean nothing to insurers, nothing to attorneys and nothing to the end result of the lawsuit. Therefore, to any FTSE 100 client worth its salt, they mean nothing to the initial contract. What matters is 1. technical or professional education and proficiency 2. related to that, technical or professional experience. MBAs are so ubiquitous today, so generic in their content, and so commonly found among the graduates of the last 10 or so years, that they have lost their meaning as a means by which to discern anything about their holders. Over pitching will only lead to distrust and a loss of business - potential clients and current clients want assurances of competence, not mere accolades from business schools that graduate thousands each year and provide no real marker of excellence or technical proficiency. That's the point that's being made by Rickover at the links posted and also by guys like Jim Rogers at the links posted.. Do you really think that when Gates or someone entered into a contract, he would give a toss whether the counter party had an MBA?



It is not difficult to get an MBA. You can get one from any number of schools for less than 50K and you can borrow to get one. Tens of thousands of MBAs graduate each year.

Accounting and law, like dentistry, medicine, and engineering are much harder degrees and are known as terminal professional degrees. The content, breadth and depth of subject matter of these degrees is nothing like an MBA, which looks like a wine tasting course next to a professional degree (see the link above).

If you have the loan, and basic ability, can speak decent enough English and know how to read a ledger, you can most certainly get into those schools. Do you really think they would turn you away?

What do you make of this?

An MBA is a pre-requisite for nothing. No profession or professional body will demand an MBA. Compare medicine, law, dentistry, engineering where the degree is essential. Also, I don't think you can compare an MBA to any one of these professional disciplines. MBA, unlike bachelors degrees in these fields, is not a terminal professional degree, in fact, it is not even a normal masters degree. This is also obvious if you look at the admission requirements for MBA. Anyone with cash can get one, whereas with a professional degree you need some ability to get in and even more to complete it.

It's popular with people who don't know better, or who can't progress in life and think that it's somehow useful. Any doctor, lawyer, dentist, engineer, astronaut, pilot, or member of any occupation that gets things done would laugh at the MBA and people who are proud of their MBAs.

Idiots like you are dime a dozen. You named 6 people. Is that your whole argument?

From the top schools in the UK, LBS, Said and Judge in total they graduate about 500 people a year, hardly thousands.

I imagine you also don't know much about pitching from your statements. Regardless of the whether the pitcher is telling the truth the client cannot easily discern whether or not their lying at the pitch, during the engagement or post engagement. As I said before an MBA from a top school will have great experience also, the client now knows with certainty that the person has good experience.

Clearly you have issues. You are posting like a twelve-year-old. Were you one of the few to actually fail ? Did your funding run out? Did you finish your course and find no job because they were taken by people more stable than yourself ? Your posts are just meaningless rants and not worthy of serious consideration.
TBD

@sjbIB is not exclusive at all these days, if you enter as an analyst/employee. It is an industry for monkeys who work 12 hour days + and people burn out with few transferable skills. Unless it's your IB and you are getting rich on the backs of others. Think of Bear Stearns and Lehman Brothers. Nice job there Mr Important IB.

Now be a good little girl and go back to designing or selling what you desperately hope the people with MBAs and those in IB want to buy next season.

Haha Hilarious. Clearly you cannot even comment on the arguments being made - and they arent even mine. They come from the links I posted. Google "MBAUnderground or "MBA is a" and see what comes up. Please, quit the ad hominem attacks, my funding did not run out, I actually have a real degree and would laugh at anyone who took the MBA seriously. Come on, just because you think that it's a good degree doesn't mean the world does - read the links and respond to the points being made with substance - preferably not with an attack.

IB is somewhat exclusive in the sense that brilliant polymaths and anyone who went to the right private high school can get a look in - it's just that thinking of working in those controlling conditions with such behemoth employers and with the scandals a la BOA, ML, UBS, LB, BS etc would make me shudder. Not exactly prestigious these days in the public mind.

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