11–20 of 226 posts
They're blaming immigration and not the economy this time?
My graduate program (computer-y, not MBA) has seen a huge drop in international applications. That was the large majority of our graduate program, and after 2016 those applications have dropped about 75%.
The driving factor is pretty obvious....
Good. The rise of the MBA has seen the downfall of quality. "Business Administration" is not something that can be taught in such a generic way that an MBA qualifies you to actually run a business. In particular, the rise of Financial "Engineering" has led to huge inequality and the total disconnection of "Wall St" from "Main St" such that their relationship has been completely inverted.
Currently, the economy is doing very well, so people are less inclined to go back to school. Once the economy turns and unemployment rises, then I'm sure the MBA applications will rise.
This is good news for the planet's health. Hopefully state legislatures, university administrators, and bankers will get the signal-- the tuition versus value equation is makes less and less sense. Especially with many free & low cost self-taught education options online, and the debt burden facing millennials.
So I wonder are the Elite programs significantly different than other programs?
One of my biggest problems encountering MBA students released into the wild is that so many have limited life experience. It's really hard to explain to a fresh MBA guy that you can't schedule people only when it is convenient for him / how to cultivate personal / professional relationships / how to just theorize customer's responses to various changes (like thinking beyond saving 1%) and etc. It's just so hard to teach folks who haven't the experience these things that being a good manager isn't just pulling the mechanical leavers of management because "i'm the boss" and how to really understand what leadership is when they haven't experienced it much from the other side.
I haven't encountered many from the best programs and I always wonder if they require some REAL work experience where they had real responsibility first / etc.
Good. The rise of the MBA has seen the downfall of quality. "Business Administration" is not something that can be taught in such a generic way that an MBA qualifies you to actually run a business. In particular, the rise of Financial "Engineering" has led to huge inequality and the total disconnection of "Wall St" from "Main St" such that their relationship has been completely inverted.
This is good news for the planet's health. Hopefully state legislatures, university administrators, and bankers will get the signal-- the tuition versus value equation is makes less and less sense. Especially with many free & low cost self-taught education options online, and the debt burden facing millennials.
lmao, care to elaborate?
Good. The rise of the MBA has seen the downfall of quality. "Business Administration" is not something that can be taught in such a generic way that an MBA qualifies you to actually run a business. In particular, the rise of Financial "Engineering" has led to huge inequality and the total disconnection of "Wall St" from "Main St" such that their relationship has been completely inverted.
There were some good articles that seemed to indicate a serious imbalance in the number of high quality students headed to Wall St. to play with numbers and get rich there there, and in theory this was to the determent of the rest of the economy where their skills were not producing anything.
If this is the case why do so many companies seek going public?