These are some good deals

Discussion in 'Business and MBA degrees' started by dlady, May 16, 2011.

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  1. dlady

    dlady Active Member

    expensive-mba-programs-bnet: Personal Finance News from Yahoo! Finance

    From the article: "It's like anything else, whether you're talking about buying Pepsi or Sam's brand of cola," says Michael Desiderio, executive director of the Executive MBA Council, the trade group representing EMBA programs. "There is a value inherently tied to a brand."

    Me: Really? Prestige brands that feel self justified in this type of activity? Huh. At these prices I'll drink Sam's cola all day long..
     
  2. AUTiger00

    AUTiger00 New Member

    What people here fail to recognize is that typically the people attending these elite, high-end EMBA programs aren't footing the bill, their employer is. They tend to be executives or people in mid-management that have been identified as executive material. Of course these schools charge a fortune, they know a corporation is picking up the tab.
    Beyond that, the network those programs plug you into is a phenominal resource that a $10K MBA program isn't going to get you. I find it hilarious that so many people think an MBA is about an education, an MBA is a two-year networking event. You'll certainly learn business theories in an MBA program, but it isn't anything you couldn't teach yourself by dropping a few hundred bucks at your local bookstore.
    I don't see how what schools are doing here is any different than any other elite brand charging a premium for it's products or services.
     
    Last edited by a moderator: May 16, 2011
  3. dlady

    dlady Active Member

    The article author actually points out that this is becoming less of the case.. ...
     
  4. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    Hmm. For those for whom professional networking is a primary goal of their MBA, paying extra for prestige might actually be worth it, even if the program content is unlikely to be significantly different.

    -=Steve=-
     
  5. major56

    major56 Active Member

    Then likewise, there will more than likely be a decline in such pedigree program EMBA enrollments corresponding to any parallel declines as regards employer’s footing the bill. E.g. the desire to attend the more elite and highest cost MBA programs will lessen when the OPM (other people’s money) option decreases or is no longer an accessible choice. Similarly, the more influential programs will almost certainly simply increase the charges for their premium brands to compensate for enrollment number shortfalls.

    It’s all relative…
     
  6. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member Staff Member

    Good article.
     
  7. ebbwvale

    ebbwvale Member

    I know I have said this before in other posts, however, it is worth a mention again when looking at high price business schools. These "high flying"school's graduates did not predict nor impede the GFC.

    Some might say that they actually perpetuated it! I might be mistaken (frequently am), but are not these graduates the heads of business houses that had to be bailed out with government money and drove small countries under? How come Wharton, Harvard, and others do not mention this when they jusify their price tag? It is interesting that they have such power that virtually nobody questions how their elite graduates did not see the GFC on the horizon or protect against it. I did not hear their advocacy if they did so. Did anybody else?
    The fact that the"emperor had no clothes on" appears to be missed or effectively suppressed. A case study in itself.
     
  8. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member Staff Member

    And GFC is ..... ?
     
  9. imalcolm

    imalcolm New Member

    I assume "Global Financial Crisis".
     
  10. Ted Heiks

    Ted Heiks Moderator and Distinguished Senior Member Staff Member

    Thanks....
     
  11. friendorfoe

    friendorfoe Active Member

    I recently had a conversation with someone regarding hiring an MBA grad or an EMBA grad since this person was about to interview both. I told her that IMHO an "e"MBA is not the same thing as a full MBA, more of an MBA Lite (regardless of where it was earned). It's good for established execs...not so hot for career starters and changers.

    Of course that's assuming all things are equal which they rarely are.
     
  12. AUTiger00

    AUTiger00 New Member

    I'd likely go with the EMBA. The individual was performing well enough in a job for his or her company to foot the bill on a high priced degree. The MBA graduate simply demonstrated potential when being admitted to a program. Studies have shown that most individuals remember next to nothing from their MBA classes 5 years after graduation (I have the study saved somewhere on my external hard drive but can't recall the source off the top of my head).
     
  13. friendorfoe

    friendorfoe Active Member

    You are assuming that the company paid for the eMBA, which is certainly not always the case. As for that study, I'd love to see it if you can link it.
     
  14. AUTiger00

    AUTiger00 New Member

    I'll try to find it for you this evening.
     
  15. Abner

    Abner Well-Known Member

    Amen to that. I have brought up these points before. Many of these schools claim unprecedented "networking" opportunities, but I suspect the opportunities have slowly started to dry up over the last 7-10 years. Someone here just posted an article about a girl who went to Princeton because of the WONDERFUL "networking" opportunities and job placement after graduation. This girl graduated and is now working at Blockbuster videos. Others that graduated with her are in a similar situation, and now they are is debt for the rest of their lives.

    Some here are still living in the past. Times have changed folks. Once again, I agree with you ebbwvale. The captains in charge during the GFC were all top ivy league school grads. What did that prove? It proves they were experts in running businesses in to the ground, then getting rewarded for it. It also proves these people do not care about the "ethics" part of their MBA coursework material. Make a dollar at any cost (eye of the tiger bullshit) and don't worry about the consequences.

    Abner
     
  16. AUTiger00

    AUTiger00 New Member

    Your evidence of for the decline in value of an Ivy League education is the one girl covered in the article with a degree in foreign language. Her plight is tied more to her choice of major and less to the school she attended. Check with the Econ dept at Princeton and see how many of their students have struggled to find work, my guess is close to zero.

    It's estimated that nearly 60% of recent grads are either un- or under-employed. I bet that rate is substantially less for grads of elite schools.

    Not all of the heads of business that were largely responsible for the crisis were Ivy League graduates either.

    Now to your point about networks from these elite schools drying up, tell that to the numerous students that are going to walk out of here next week and right into a job paying six-figures at the ripe old age of 27 (average age of graduating class).

    If you're going to make statements like this at least have more evidence to support it than the girl with a languages degree who can't find work.
     
  17. Abner

    Abner Well-Known Member

    I was stating my opinions. There are some walking into six figure jobs straight from an ivy league, and there are many others who are not. You don't need to like what I opine or what I write.

    Abner
     
  18. Abner

    Abner Well-Known Member

    I'll drink the Sam's brand cola as well. Goes down just as smooth, and gets the job done.

    Abner :)
     
  19. Abner

    Abner Well-Known Member

    I have been a member here since 2004 newbie. I have debated with the best, sometimes for 20 pages. Please don't tell me how to present something.

    Abner
     
  20. truckie270

    truckie270 New Member

    Since you have been here for seven years, you should have learned how to support arguments with factual rather than anecdotal evidence by now. :biglaugh:
     

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