MBA top 50? when the economy was booming, sure. Those days are over.
In today’s world, you need a top 10 MBA program
^Top 10? Maybe when the economy was booming, sure. Those days are over. In today’s world, you need a Top 3 MBA Program which follows in your Mother and Father’s Top 3 MBA program footsteps.
May as well saw your own head off if you don’t have a Top 3 MBA, CFA, and BSD, no other way about it. I think the brown nigga selling hotdogs and running 3 card monte has a Top 10 MBA nowadays.
Not much to tell. It was my first job out of the Marines. At the time, I had no degree and no finance training, but I was able to pass the Series 7 and 65. I was given a script to memorize, and told to make cold calls. I also hung out at Costco handing out flyers.
Part of the script says, “The training I have received from Ameriprise is almost the equivalent of a Master’s degree [in financial planning].” Now that I actually do have a real Master’s degree, I can assure you that it was not.
To make a long story short, I saw through the baloney they were trying to sell, and I jumped ship to a “real” investment firm–Morgan Stanley. But I realized that I still didn’t know what I was talking about and was unable to shill investment products. So I quit and went back to school full-time. Finished bachelor’s, finished Master’s, sat for CPA exam, now working on CFA Level 3.
According to US News and World Report, #11 B-school in US is NYU Stern. Duke and Michigan aren’t far behind. Are their MBA’s worthless?
Haha, stern…
Agree and I’m a UT Austin MBA. McCombs graduate business program is often referred to as the Harvard of the Southwest.
Man, there sure are a lot of Harvards of various geographic regions. Apparently, Rice is the Harvard of the South, McGill is the Harvard of the North, and I guess now UT Austin is the Harvard of the Southwest.
point is non of em is harvard
Yup, every city in America has a “Harvard of (Insert your city here).”
So based upon the comments here an MBA is a worthless designation…unless you go to the “right” university…and there seems to be not too many of those.
I disagree. A GOOD MBA is a good MBA. And when I mean a GOOD MBA, I mean one of the top private institutions (Ivy Leagues, MIT, Duke, USC, Northwestern) and the big flagship state universities (Michigan, Texas, California, Virginia).
There’s a big difference between an MBA from Texas A&M-College Station and Texas A&M Corpus Christi. They’re not even comparable. My MBA is from a school similar to the latter, and I wouldn’t compare it to the “real thing”.
All MBA’s are not created equal. The “lesser” MBA’s have begun to water down the meaning of the degree. That’s why where you go makes a big difference. And it makes a bigger difference still when it’s a “local” school. The University of Texas-Brownsville will mean more if you apply to a job in Brownsville than at a job in Dallas. If you want to work in Dallas, probably better to go to UT-Dallas.
^ I’m on your side Green. Come chill out in WATER COOLER where all the cool posters go. This front page has an elitism attitude like, “If you didn’t do Yale Undergrad, 2 years of IB at GS, then HBS for your MBA, followed by a instant offer to KKR for M’n’A’in on the Buyside, then you’re a complete fucking failure whom should just pick up a broom and forget any job involving finance. Further evidence is you should have completed the CFA all in one try taking L1 in Dec, and L2 and L3 the following Junes so you can list that you passed each level on the first try on your resume, otherwise you’re a fucking loser who should stick to reconciling trades and faxing ACATs.”
You seem like you’re on the right track Green. While I see your current job is far from sexy, your hard work and positive attitude will catch the right attention.
Well, the fact is, we just can’t all get into Harvard. I grew up poor, and in rural Texas. Even going to the University of Texas was as foreign to me as the Lunar University of the Moon would be to most people.
Ergo, I didn’t go straight to college out of high school. I joined the military, and I was lucky to finish my degree as I was getting out. (A Bachelor’s degree in Spanish, but a Bachelor’s degree nonetheless.) At 25, I knew I couldn’t get into Harvard, Wharton, or even the University of Texas. 25 years old+no business undergrad+only military experience = No Admittance. So I settled on what I could get.
Now, I’m a CPA in a tax practice. Not exactly Gordon Gekko, but I enjoy what I do, and hope to do more someday. And the only way for me to get noticed at all is to finish my CFA charter, because I will never get the chance to go to Harvard. (Not whining about it–it’s just the way it is.)
^ Good for you Greenie. The CPA/CFA combo is pretty solid in most circles.
exaggerated much? Look, not trying to be elitist here.
I have friends in Columbia MBA now and even they tell me things are really bad out there, They tell me about their class size and the few that get the coveted jobs, and the statistics are gloomy. Columbia is a top 10 school. So, just imagine what it’s like the lower ranking you go.
I consistently hear from students AND people in the industry: Top 10 or don’t bother wasting your money/time.
Someone mentioned Stern not top 10. True, it’s not. Sometimes it falls to 11 or 13. But generally, schools like this are considered “top 10” even if it didn’t land there that year. Stern in particular has a lot of wall street connections, so I wouldnt knock it. Just don’t attend their part-time MBA, you miss out on a ton of valuable parts on an MBA program, campus recruiting is basically non-existent, and you are also treated like second-rate, as is most part time MBA programs in the country.
Maybe you have a different perspective. (See the former posts about perspective.) If you think that anything less than “partner at Cerebrus” or “derivatives manager at Long-Term Capital Management” to be sub-par, then I think you’re looking at the world through rose-colored glasses. And if you are 35, have a Harvard MBA, and you’re a member of the Lucky Sperm Club, then that’s what you would expect.
But Palacios and I aren’t talking about that. I’m doing a bookkeeping job (entering checks into Quickbooks) and he’s doing something that sounds equally as demeaning. We would both kill for the chance to have a “gloomy” job, like Commercial Credit Analyst at Chase, or Equity Analyst at American Funds.
The funny thing about the job pool shrinking is that, is it really shrinking? Or are Americans the ones just not getting the jobs? I went to two conferences recently and upon talking to a few hedge fund managers they seemed more interested in hiring foreigners than Top 20 MBA types for analyst type positions. The main reasons being, foreigners don’t cost as much and have the same intellectual capacity. Secondly (and with some laughter) they don’t have to worry about them going out on Thursday night and coming in hungover on Friday (A problem here in NYC and I am sure in other big cities as well).
I like this lol. Definitely true to an extent haha.
Few of people I know are pursuing MBA+CFA combo.
But if I ever pursue anythng after CFA, I guess either it would be something to strengthen my a/c skills (not something as tough as CPA) OR valuation skills.
Any thoughts?
There is the CBV charter if you want to strengthen your valuation skills.