Michigan raises tuition

Discussion in 'Business and MBA degrees' started by Kizmet, Jun 22, 2013.

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  1. Kizmet

    Kizmet Moderator

  2. airtorn

    airtorn Moderator

    "$136,000 for residents and $141,000 for nonresidents"

    Not for me...that is a house at my last three assignments.
     
  3. ryoder

    ryoder New Member

    Holy crap. People complain about NCU's tuition costs but they are downright cheap compared to this.
     
  4. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member

    For that price, I'd say Duke is a better deal than U of M.
     
  5. Kizmet

    Kizmet Moderator

    I'd be interested in having someone explain to me why the Michigan program is worth so much more that the UMass program.
     
  6. UoM is considered a giant among mean. It's one of the most selective public universities in the country. I lived in Michigan for three years. Nearly everyone (pretty much everyone except a MSU grad) considered UoM the "best things since sliced bread". I think some of the cost might be due to the location. In comparison to Georgia nearly ever school in Michigan is expensive.
     
  7. Kizmet

    Kizmet Moderator

    OK but in my book "selective" does not equal better education. If you had said "faculty" then it might make sense but if I take a big bunch of reallyreally smart kids and throw them into the ocean, probably half of them will drown. So . . .

    The question is this: What does Michigan offer that UMass does not? How does Michigan justify their tuition rate? Where is the value added? Why would I pay 100% more to go to Michigan? (Aside from the fact that they are are giant among mean:tired:)
     
    Last edited by a moderator: Jun 25, 2013
  8. AUTiger00

    AUTiger00 New Member

    Network, world renowned faculty, facilities, perceived quality, average starting salary, statistics/bios of students/alums. Ross is a top-10 program. That said, for the price I'd choose any other top-10 program in the country if given the chance. I mean if you are admitted to Ross, Haas, Fuqua, and Darden there is really no difference unless you have a preference of where you'll spend two years and no one is choosing Ross over Tuck, Standford, HBS, Sloan, Booth or Wharton given similar costs/aid packages.
     
  9. Kizmet

    Kizmet Moderator

    OK. I know I'm being a pain, but name me 10 "world renown" faculty from this program.
     
  10. AUTiger00

    AUTiger00 New Member

    Paul Clyde
    Tom Lyon
    Joel Slemrod
    Martin Zimmerman
    Richard Gordon
    Gautam Kaul
    Han Kim
    Gautam Ahuja
    James Walsh
    Gunter Dufey
     
  11. Kizmet

    Kizmet Moderator

    OK, so you went to the website and copied some names. So what? What makes them "world renown"?
     
  12. CalDog

    CalDog New Member

    Would you ask the same questions about Harvard vs. UMass ?
    Because the answers are basically the same.

    On the business school hierarchy, Michigan is much closer to Harvard than it is to UMass.
    For example, the numbers below are from the current US News & World Report Business school rankings:

    National Ranking:
    Harvard: 1
    Michigan: 14
    UMass: 51

    Percentage of full-time graduates employed at graduation:
    Harvard: 77.4 %
    Michigan: 74.3 %
    UMass: 55.0 %

    Base salary:
    Harvard: $ 124,085
    Michigan: $ 111,047
    UMass: $ 80,900

    Do you think that a Harvard MBA might prove to be a better investment than a UMass MBA, despite the higher tuition ?
    If so, then just apply the same reasoning to Michigan.
     
  13. AUTiger00

    AUTiger00 New Member

    Look at what they have done. They are leaders in their field. No one on UMass's faculty is at that level.
     
  14. airtorn

    airtorn Moderator

    That raise the question of what makes an academic a leader in their field.

    When I think of leaders in business fields, I think of guys like Jack Welch, Howard Shultz, etc.
     
  15. AUTiger00

    AUTiger00 New Member

    Many of the academics I've listed there have been quite successful in the private sector as well. Founders of successful companies, members of multiple BODs, etc.

    At any rate, lets just consider averages starting salary, clearly hiring managers place more value on a Ross MBA than a Isenberg MBA. That's good enough for me seeing as the MBA is a professional degree and the end goal is (for a rational person) a well paying job.
     
  16. Kizmet

    Kizmet Moderator

    Well I guess the first thing I'd say is that I've never heard of any of them. Secondly I'd say that I have no intention of spending even one minute of time "looking them up." I really don't care what they've done. None of that means that they're good teachers and that the students who leave Michigan are any better prepared than those coming from some other school (I've used UMass as a convenient example of a university with a well regarded business school) So these are celebrity professors, big deal. You may get the idea that I'm also not especially impressed by Hollywood and all their sparkles. You're going to need more than a short list of names to make me believe that Michigan is worth so much more than other top tier schools.
     
  17. AUTiger00

    AUTiger00 New Member

    I don't think Michigan-Ross is "worth so much more than other top tier schools", I think it's worth significantly more than UMass-Isenberg, which isn't considered a top-tier program.
    Also, if you had no intention of looking into the backgrounds of the professors I listed why did you make the request for names? You mention you've never heard of any of them, so I have to ask, are you plugged into the world of b-school faculty? Can you name 10 business school professors at all (minus Michael Porter, as everyone knows Michael Porter)?
     
  18. Kizmet

    Kizmet Moderator

    I know that there's schools that have "names" on their faculty but if you're a student you NEVER see these people. Pardon me for not being impressed with overpriced hollywood mba programs.
     
  19. AUTiger00

    AUTiger00 New Member

    No need to apologize, I've met plenty of graduates from top-tier programs that aren't worth a squirt of piss, but it doesn't change the fact that some programs' level of prestige allows students to be connected into circles they would otherwise not have access to. One could actually argue that lower-tier MBA programs are the ones that are overpriced as they don't provide the ROI of higher ranked (and more expensive) programs. Like it or not, there are certain industries/positions that can't be accessed if your pedigree isn't elite. It may suck as I'm sure there are brilliant people graduating from low tier programs, but it's the world we live in.
     
  20. Kizmet

    Kizmet Moderator

    So Michigan (ranked at 14) is at 55K and UMass (ranked at 51) is at 10k. You're saying that Michigan is worth more than 5 times the value of UMass? You are saying that it's worth incurring 5X the debt to obtain a Michigan degree that a UMass degree? Use your MBA expertise and prove it.

    Best Business School Rankings | MBA Program Rankings | US News
     

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