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Hello Fishies, I have overall 10 years of experience in operations and client servicing, project management with 6 years of core E2E project management experience and currently working as a scrum master. PMP and CSM 1 certified. Current fixed is 12LPA. Any suggestion on my expected? Accenture IBM PwC Siemens
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You do you, boo.
I got an MBA. Easily the best decision of my career.
D1, in all reality though after a couple years at MBB one will have more than “familiarity” with these concepts. I understand a degree is still a credential, but for people that already work in MBB it’s really just a piece of paper and a 2 year party. If I were hiring, I would care less about the degree, but I agree some companies *still* do.
By the way, anyone who got an MBA would never admit to themselves that it was unnecessary.
I have an MBA from 2008. I thought back then it was pretty useless, but it did help me a lot to change careers and get to BCG. But what you actually learn is fairly limited. That being said I’m also always surprised by MBAs that don’t know the basics of finance/strategy...
It is. It will take about a decade, but it’s a trend.
That’s correct
Overrated as hell. And hiring organizations are realizing it
Instantly doubled my comp, and has allowed me to double it again in 5 years. I was sponsored, not sure I’d pay for it myself though
I worked while pursuing it. Best of both worlds IMO. Had access to on campus recruiting and all of the benefits but got to skip the cliquey bullshit. I’d rather keep my salary and benefits than live like an undergrad again. Plus I was still young enough to have a robust social life and money to finance it
No.
Agree with A2. MBA will die a slow death over the next 5-10 years.
Lol would be a bit shocking if McK, the ultimate MBA or bust employer, published such white paper. D1 you seem pretty defensive here just FYI.
If you are not in tech then MBA still is very useful but only if you are going to good school
Yes.
Definitely dying, as others mentioned, give it another decade. This is also evident by the number of top schools now offering online / flex options to students, as well as offering PT programs in an attempt to adjust to the market. Quite frankly, if you think about the concept of an MBA, it’s very traditional / old school- the world has changed a lot in just the last ten years. To each their own though, but it’s definitely a dying trend.
I think most programs will become obsolete with only a few remaining that are worthwhile. Don’t discount the access you get to some of the brightest people in these disciplines (economics, finance, operations, etc.). Top programs will always have control of these folks who want to be in academia
Yeah but an MBA from a random state school still isn’t M7 or even Top 20
I think it will always have a place while the quality of undergrad education is so low. The happy medium would be 3 month courses in particular subjects for ~$10-20k that you could do. Imagine being able to take 3 months off after a project and and do a 5 day a week intensive course in something like supply chain or finance for that price point and still make 75% of your salary for the year.
Think about all the companies that have now setup their own internal academies to upskill their people. And the tie ups with firms like Udemy et al.
And given that companies are lowering the entry level bar to non-degree holders as well, it will be difficult to see value in a business school that forces people to take massive loans (unless that changes of course).
Imho, the best part of an MBA is when I get to put it to use in a project or an internship or a job. If companies start providing this, what's the USP of an MBA?
Went to a M7 school. Got into BCG thanks to it. Also learned a lot and got an amazing network. Totally changed my life. Agree though that the degree is dying. Think only a handful of awesome mba programs - maybe even just the M7 - will be left couple decades from now and all others will probably die.
Also, it’s not just the individual that benefits from the mba. Companies do too - they get access to a very concentrated pool of high quality talent. The odds of a successful hire are much higher from Stanford or Booth than just the general pool of applicants on LinkedIn. So again I think there will always be a handful of such places.
The current price points definitely edges it onto the realm of “dying”. If they somehow reduce the attendance costs significantly I can see it sticking around for much longer.
I would say it highly depends where you do it. I did one of the top MBAs 10 years ago and it opened doors I would never have imagined. Network is critical and has been useful, especially now as I get more senior in my career.
M7 MBA is worth it, other than that not so much
I think a lot of people are looking at it as will this immediately impact me or over the next year or two. And the fact is it’s not so much the current course work or the immediate ROI (for some people that does happen) but it’s the relationships you gain from the exp. I saw an interview with one of the investors from shark tank and he said he couldn’t remember anything he learned when he got his MBA...but he can pick up the phone and bounce ideas of alumni in a specific field. And that is invaluable, IMO.