Harvard Business School

Discussion in 'Business and MBA degrees' started by TEKMAN, Jun 30, 2020.

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  1. TEKMAN

    TEKMAN Semper Fi!

  2. Johann

    Johann Well-Known Member

    Well, you are substantially correct in your assumption, TEKMAN. The certificate program DOES carry HBS Alumni status - they say so. And here's what they have to say about the benefits of said alumni status: https://www.exed.hbs.edu/hbs-experience/alumni-network

    Is it worth 75K? To me, no - I'm retired. You can make up your own mind about what it's worth to you. This certificate costs like a Doctorate.
     
    Last edited: Jul 1, 2020
    Maniac Craniac, TEKMAN and chrisjm18 like this.
  3. TEKMAN

    TEKMAN Semper Fi!

    I don't think it worth $75K at all. I would do it if the program is less than $10,000.00. I am sticking with the Imperial College London's Global MBA. If I happen to get a job offer from my company in London, I might want to do the limited residency research Ph.D. at Oxford University.
     
    Maniac Craniac likes this.
  4. Rich Douglas

    Rich Douglas Well-Known Member

    Or three. :)
     
  5. felderga

    felderga Active Member

    Last edited: Jul 1, 2020
  6. Maniac Craniac

    Maniac Craniac Moderator Staff Member

    For that price, you could get both the University of Illinois MBA and MSM, buy a brand new Honda Civic and 833 bottles of Monkey Shoulder scotch whisky.
     
    SteveFoerster and Mac Juli like this.
  7. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    And really, isn't that why you'd have gone to Harvard anyway?
     
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  8. Life Long Learning

    Life Long Learning Active Member

  9. Life Long Learning

    Life Long Learning Active Member

    The MIT The Advanced Certificate for Executives in Management, Innovation, and Technology (ACE) is the same deal and at about $50,000. Hotel and food is $$$ so add another $10,000.
    https://executive.mit.edu/executivecertificates/advanced

    Maybe third is Columbia Business School's (CBS) Advanced Management Program (AMP) at $52,450 with the same deal.

    The best deal for M7 alumni status is the Columbia Business School, CIBE, at $26,800.

     
  10. LearningAddict

    LearningAddict Well-Known Member

    I understand it's Harvard, but that's still not worth. They are clearly smoking crack and need to be stopped.
     
  11. JoshD

    JoshD Active Member

    The program is not aimed at the normal Joe Blow. It is aimed at senior management/executives who are likely making $250,000+ per year or more. Heck, in fact is says the ideal applicant is someone that is 1-2 levels away from the CEO. This is likely a heavily employer sponsored program. They do not need to be stopped because odds are, very few people, if any, on this forum even qualify for that type of program.
     
  12. Life Long Learning

    Life Long Learning Active Member

    In 2019, Harvard took in over $500,000,000 intuition teaching executive education. Most of the Harvard colleges have EE programs, HBS, HKS, HSPH, etc.

    This forum seems to be way higher educated that the other degree forum, but the other forum has numerous millionaires hanging out who own businesses with little formal education and would qualify for this. I bet some here would also?
     
    JoshD likes this.
  13. Johann

    Johann Well-Known Member

    Then they can afford to smoke crack and don't need to be stopped. Seriously, if they take in that much, maybe they can ease off on regular tuition for the folks who aren't executives... I know - don't hold my breath. Just a thought.

    Maniac, can I get a Ford pickup and a smallish quantity of Buffalo Trace bourbon instead? :)
     
    Last edited: Jul 16, 2020
  14. Life Long Learning

    Life Long Learning Active Member

    Havard has a brand and they get $$$ for it. Sounds like capitalism to me? Harvard needs to get rid of undergrads. Undergrads pay the least and take the most. EE pays the most and takes the least.
     
    JoshD likes this.
  15. Life Long Learning

    Life Long Learning Active Member

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  16. Life Long Learning

    Life Long Learning Active Member

    In fiscal year 2019, Harvard Business School (HBS) had revenues of $925 million. Top 4 revenues:
    • $262 million of publishing revenue.
    • $222 million from executive-education tuition (about half the University total, and a consistently growing business of late);
    • $162 million from the endowment
    • $140 million in M.B.A. tuition and fees.
     
    JoshD likes this.
  17. LearningAddict

    LearningAddict Well-Known Member

    My comment is based on the price of a certificate regardless of where it's from. Harvard can get it so they will, but $75,000 for a certificate is still way out there.

    Anyway, a person that close to being CEO (and assuming it's a high ranking company) wouldn't need this program as their track record and the quality of their relationships and connections would be the catalyst after getting that far.
     
    Maxwell_Smart likes this.
  18. Maxwell_Smart

    Maxwell_Smart Active Member

    Yep, and just because it's Harvard and just because it's targeted at a high income audience, that doesn't make it automatically worth it. Some things just aren't worth it no matter what, and if I'm on the board I'm going to question the CEO candidate that either spent $75K of his/her own money for a damned certificate, and question that person even more if he/she spent the company's money to do it. Actually, if the person spent the company's money to do it I wouldn't even waste time questioning it, I would just tell the person to get the hell outta here. At that level, you're already competing with people who have full advanced degrees from top and/or Ivy League schools, so a $75K certificate is going to do what against that?
     
  19. JoshD

    JoshD Active Member

    This is rather short sighted. Just because YOU do not see it as being valuable does not mean others have the same outlook. Honestly, it could be a phenomenal alternative for someone who does not have an MBA.

    Also, based on your comments in terms of the hiring process, you would weed out phenomenal applicants by inputting your own personal bias based on the price of a certificate. That is not what a hiring committee is supposed to do. They are to assess the individuals qualifications and experience...regardless of the cost of something.
     
    Johann likes this.
  20. Maxwell_Smart

    Maxwell_Smart Active Member

    You see it as "short-sighted", I see your position as naive and inexperienced. The real world does not play out in the ideal way the textbooks tell you it's supposed to. I'm not saying it's fair, it's just how it is. Personal biases and positions actually do play a major role in these decisions, and having served on several boards and having been part of the hiring process for executive level positions, I know from experience that even less significant things than this get scrutinized, things you would likely have the same reaction to as you're having now. Bottom line is that you're hiring someone to lead your company and that person needs to have sound judgement and also be in alignment with the cultural positions of that company's pre-existing leadership, particularly with how financial resources are handled. As I stated earlier: At that level, you're already competing with people who have full advanced degrees from top and/or Ivy League schools, so a $75K certificate is going to do what against that?

    ^ That's a key point. Against ten or more other candidates that have actual MBAs and Doctorates from Penn, Harvard, Stanford, etc (a common competition field at that level) you better have one helluva good history and reputation with the company and strong relationships with the inside because that certificate isn't going to do anything against candidates with those credentials who also probably have the same or similar history there as you do. It's not like the job is just yours, you're going to have to compete for it and the competition won't be weak.
     

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