RA MBA for $3000? Hellenic American University

He should be ashamed of spending $100k on a stupid piece of paper when he could use that money for a house or something like that. Stupid entitled people. American, I assume.

 

It's not really what you know, it's who you know (and who knows you). Even with the degrees I have, it is still hard to find a job and life-long learning as well as professional development is a must. As far as the amounts of money spent on a degree, if you are spending more than an average salary or market value of a degree when you can get the same quality education for less, you have serious ego issues or are simply ignorant when it comes to ROI. Money like 100K+ should be going to investments or a business.

 

Dude went to Wharton so can't blame him for fuming because I put the UI1 MBA on my cv that cost me 700$ paired with 5 other masters.
I apologized but clearly that was not enough as he threw me out of his connections afterwards.

I personally find between 5 and 15k$ very reasonable for an MBA but I make myself no illusions : these MBAs will still be seen as Mickey Mouse MBAs by people who went to M7 schools.

While I shouldn't give a rats ass about what these people think about my MBA, if these people are the ones who hold the key to a job I want I have no choice but to surrender.

So while for me AACSB or not wouldn't matter, I worry that I can say a good position goodbye if my MBA has no AACSB.

Sadly.

 

It depends on what jobs you apply for. If you are applying for jobs that require just a Bachelors degree in Business or something related, I would think that any type of related or applicable Masters above that would still be considered a plus as long as you also have a good number of years of relevant work experience.

 

Aw, did the big bad TeacherBelgium not spend $115k buying a useless piece of paper from Wharton? Grow up, dude (not you, your former connection)

He would have told you to be ashamed even if you had an AACSB MBA from, say, UT Permian Basin because it's not a $100k degree from a top-50 school. Academic elitists are like that. Some do it by putting RA on a pedestal, others by putting cost on a pedestal.

I can't blame you for wanting an MBA from a great school, though I think it was a mistake to apologize for having your education listed on LinkedIn. You were going to lose that connection anyway because he's too fragile to be happy for, let alone congratulate, someone for an achievement that he wants to gatekeep

 

Me, reading your assumption that entitled jerk was American: https://imgur.com/gallery/YAGpXPd

Hard agree though

 

Hmm but do I understand it well then that if a certain job requires an MBA that it will still get me turned down for the job with just a RA mba that doesn't hold AACSB or likewise?

 

I may be wrong but I am under the impression that Americans are the only ones that brag about overspending on their education just because they can. And then look at the state of education and wonder why it's such a mess. Well, duh. (Plus, TeacherBelgium mentioned working for an American company so I presume that a large portion of his connections would be American.)

 

He went to Wharton and was from NY.
A very intelligent person but yes indeed, he took offense to people with '' lower '' prestige school credentials.

I still wonder how much he made though that made him entitled to react like that.

I think it must be somewhere in the ballpark of 150k$ because that's what Wharton alumni are touted to make.

At that salary I can see the ROI but I still wonder who has 100k$ for a degree at an age of under 50.
Do they need to pay that in installments or is the 100k$ upfront by the way?

I never saw Wharton advertise that Trump went there by the way.

:-/

 

Yeah, and I'm quite aware of the strangeness of "my" people. If you hadn't made the comment, I would have, lol.

Conversely, maybe he doesn't make much as much money as you'd think and is offended precisely because he's insecure about having wasted so much money without getting good ROI.

Whether he's an insecure child about one thing or the other doesn't change that he's an insecure child though. My old manager was like that, and so terribly offended at my choice of university (WGU), but he still hired me because all his elitism couldn't solve complex technical problems without help from the untouchables with a *gasp* ONLINE, cheap, non-prestigious, low-ranked degree

 

Really, I wouldn't worry about a "bad" degree from wherever - unless it's not a legitimate degree at all. There are snobs everywhere. You didn't go to Harvard, you went to Oxford? Your degree sucks. You went to Oxford and not Harvard? Your degree sucks. You went to Stanford instead of Yale? Your degree sucks. You got a degree at Yale instead of Stanford? Your degree sucks. And on and on. To be honest, it's probably better you lost that connection now and found out what kind of man he is instead of finding it out when you actually NEED something, like a basic introduction, from him. He's the kind of American who would scoff at you having a "cheap" Belgian degree because if it was worth money then you would have paid for it.

It has nothing to do with your degree and not all Americans are like that. You need to find better connections. Snobs will always bash anything that they deem as unworthy.

 

Student loans. $100k for the MBA + another $100-180k (at least, because he is a snob) for the undergraduate degree. According to https://smartasset.com/student-loans/student-loan-calculator he's probably paying at least $2k per month for that piece of paper. If his total is closer to 300k then he's paying $3k/month. It's also possible that mommy and daddy paid for the whole thing and he paid nothing. This would explain his entitled attitude. He has no idea what it's like to lose literally 1/4th of your gross income to loan payments.

$150k / 12 months = $12k. $3k payments / $12k = 25%. If he's married, no kids, and has a house, he'd lose another $15-20k in federal taxes (very rough estimate). It's still a very nice income but, unless mommy and daddy paid for his education (which, again, is quite possible), he'd be losing at least a third of it before it ever hits his pocket. Add in: health insurance, pension plans/retirement savings, mortgage, and so on and he potentially has less disposable income than you do.

 

<sarcasm>

Yes, and you rightfully should! Did your cheapo-MBA not include an extensive reading of Thorstein Veblen?! AH-HA!!

</sarcasm>

 

Thorstein Veblen? Pah, what a shame. When I went to Harvard, we exhumed the body of Adam Smith and conducted a seance to learn economics from him directly.

 

That's nothing. We had even time machines there, and we learned lessons from the future. - Well, at least I tried. My Mandarin was lacking.

 

If you really learned from the future, you'd know that we all die eventually, so we can justify raking the masses over the coals to make a quick buck. You don't need to know Mandarin to figure that out, rookie.

 

Boy, don't call me rookie. I have a totally legit certificate - did only cost me $100K - that proves beyond every reasonable doubt that I was the one who taught King Croesus basic economics as a honorary member of the faculty.

Hah. That leaves you speechless, huh?!

 

By the way I have calculated the total cost of the GSW MBA :

7710$ for the MBA itself
302 per semester x 5 for technology fees = 1510$
38$ per ProctorU exam of 3 hours x 12 = 458$
Total fee = 9678$

Affordable.
I'm still leaning towards this one.
It seems accessible and hopefully they allow payment in 3 or 4 installments.

I would definitely feel '' safer '' with this one as it has the AACSB accreditation.

I would love to teach for some side income and I think universities and university-colleges will insist on AACSB.

 

I agree that Wharton grad is an a**ho*e. You're better off without him on your linkedin.

One thing though I have to mention is that in the US, there is a real impact of perception/prestige in your career outcomes. There's a reason why rankings exist in the US. There's a huge gap in career prospects if you go to the University of Pennsylvania vs Georgia Southwestern U.

https://www.payscale.com/college-salary-report/bachelors

This is for bachelors degree only, but the same logic applies to masters.
University of Pennsylvania grads get $142,900 median mid-career salaries.
University of Illinois grads get $117,800 median mid-career salaries.
Georgia Southwestern grads get $73,600 median mid-career salaries.

That's a gap of almost $70k for Penn vs Georgia Southwestern for just a single year. Imagine multiplying that gap by 20 years. You can then understand why people invest so much in education in the US.

To be honest, I don't like this system of massive loans then getting higher salary. I like the Canadian system better because all schools are roughly of similar quality and price.
But unfortunately if you want to live in the US, that's how the game is played. I think the vast majority of students at top schools are very nice and are egalitarian and disagree with this system. But they didn't create the rules, and unfortunately to survive in the game you have to at least understand how the game is played.

 

Do you think that the way a degree from Hellenicamerican Uni is seen differs much from the way a degree from Georgia South-western Uni is seen?
Would there be a big gap between both graduates' income there too?

Trying to assess whether AACSB is worth the extra expenses and turning the offer down from HAEC.