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So why do company merges result in mass layoffs?
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If you have an MBA you should go to a places that values having one. Agencies don't. Plus, based on the strategies I've seen... no person needs to spend two years and thousands of dollar to put these nothings into the ether.
You asked, I delivered.
Go client side
If you are in strategy or account, MBAs can get you a promotion or higher salary.
Oh, I don’t disagree with your comment. I can only speak to hiring conversations I have been party to, and people in strategy and account both seem to glom on to “oh, he has an MBA?” Candidates with an MBA should use that information to their advantage, and current hires seeking a promotion can include their MBA in their argument that goes to people who do care about that stuff.
No, and even Harvard MBAs are struggling to find jobs. There is a narrow set of situations where an MBA makes sense.
Do you have ambitions, or even better, a clear pathway towards leadership within a major company?
OR do you want to do a big career pivot into an industry where they are practically required (like management consulting or corporate finance)?
AND are you able to get into a T15 program?
OR will your company pay for it?
Then it might be worth it.
Most CMOs I've met had MBAs. But the pathway to CMO is probably the most brutal kind of corporate obstacle course.
But you need to be really, really honest with your current trajectory whether that's realistic for you. Otherwise there are so many places where the time / money investment could be better spent.
That's the ironic thing, people treat the MBA like a way to future proof their career, when really it should be treated as high-risk, potentially high-leverage move.
OP was sharing linkedIn profiles of people in advertising with MBAs. That list included Mark Read! Yes, if your goal is to become the CEO of a billion dollar company, an MBA is part of that journey.
But there aren't a ton of "CEO of billion dollar company" jobs out there. And the uncomfortable truth is that a lot of these people have been hand-selected for leadership from very early in their lives. Read went to Cambridge and Harvard.
Don't go into massive debt to pantomime the career path of people whose success is due to so much more than "got an MBA."
Are we pretending you haven’t already asked this 13 times in here
You should probably go ahead and get a PhD
“I am the Ad Doctor”
No one cares on the agency side. Your experience is based on applied learning so if you have never managed an account it really doesn’t help you much.
Can be helpful in pharmaceutical advertising. May tend to start at a higher level like an AE, with a slightly higher salary.
Speaking from experience though, direct hiring managers try our best not to high people with MBAs with no work experience because we see them come in time and time again at a level they can’t perform at, with little understanding of how to work in such a setting. Much easier to hire an AE that’s been an AC or AAE for a year or two and understands agency process
Client brand manager side, yes, sometimes. No one cares at agencies.
Lots of analytic staffers have MBAs, I haven’t seen it in Strategy or Investment though.