MBAs who can't find jobs

Always better to go to graduate professional school (law, business) when you have a job lined up. Going to Harvard or Yale with no plan means you might get a job after. But if you don’t, after a couple years the degree is a scarlet letter. I have a friend who went to a good law school but graduated middle of class. He does the same job he did before, but is still paying off the $200k debt he took :(

Re: MBAs who can't find jobs

#5

Post by ravivooda » Tue, Jan 16, 2024, 6:21 PM UTC

monero-xmr wrote: post #4

Always better to go to graduate professional school (law, business) when you have a job lined up. Going to Harvard or Yale with no plan means you might get a job after. But if you don’t, after a couple years the degree is a scarlet letter. I have a friend who went to a good law school but graduated middle of class. He does the same job he did before, but is still paying off the $200k debt he took :(

How does that work? How do you line up a job 2 years ahead of time? Curious.

Re: MBAs who can't find jobs

#6

Post by ren_engineer » Tue, Jan 16, 2024, 6:21 PM UTC

going to get an MBA without having your job pay for it or any legit plan is itself a red flag to me in terms of the quality of a candidate. Why would you hire somebody who spent 100-200k(and even more money in salary opportunity cost) for a credential?

Re: MBAs who can't find jobs

#7

Post by paxys » Tue, Jan 16, 2024, 6:21 PM UTC

Not exactly surprising. Large companies have been slowing down or freezing hiring and laying people off for over a year now. Did anyone think MBAs would be immune?

Re: MBAs who can't find jobs

#8

Post by bugglebeetle » Tue, Jan 16, 2024, 6:23 PM UTC

ren_engineer wrote: post #6

going to get an MBA without having your job pay for it or any legit plan is itself a red flag to me in terms of the quality of a candidate. Why would you hire somebody who spent 100-200k(and even more money in salary opportunity cost) for a credential?

Judging by all the Harvard grads that get scooped up without issue and their horrendous problem with grade inflation, the answer to your question seems to be, yes.

Re: MBAs who can't find jobs

#9

Post by darth_avocado » Tue, Jan 16, 2024, 6:24 PM UTC

Maybe it has something to do with the fact that business is the most popular major in the country. A glut of middle managers is maybe not something the economy wants, especially when in most companies you can just work your way up to be one without an MBA.

Really the only value for the degree I see is if you already have a business. And some value if you want to start one (on top of the 200k debt you just took for the MBA).

Re: MBAs who can't find jobs

#10

Post by l2silver » Tue, Jan 16, 2024, 6:24 PM UTC

The article mentions MBAs graduating from top schools not being able to find a job in a tough job market, but obviously this problem is as old as time for MBA graduating any given year. One of the issues is that the MBA is a money maker for these universities, so why not graduate as many people as possible.

The other issue is what people expect from these MBA programs. They see it as a way to get career flexibility, but in reality an MBA really opens up two spaces: Consulting, and becoming an executive in the field you're already poised to become an executive in.