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MBAs who can't find jobs

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41–50 of 109 posts

Re: MBAs who can't find jobs

#41

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 th…

It always seemed to me MBAs weren't there to add value to an organization, but to extract it. Perhaps now, in leaner times, this is not as sought-after a skillset as it used to be?

Re: MBAs who can't find jobs

#42
post #21

A) The overall job market is tighter than it was a few years ago and MBAs are not immune. B) Over the last decade I’ve observed the MBA becoming a lot less fashionable than it once was. I get the whole “it’s a great networking experience” thing but as a value-add degree there seems to be a lot less interest in people who specialize in “management” vs folks that focus first and foremost on being an expert at something…

> there seems to be a lot less interest in people who specialize in “management” vs folks that focus first and foremost on being an expert at something

I disagree. A career in management is very different from a specialist career, and both are essential. I made the switch from an IC (individual contributor) position to tech management about five years ago and received proper training at my company.

My anecdotal experience and consultations with my professional network (from startups to colleagues at FAANGs) indicate that most companies value both management and specialist career ladders (The 'Y career' [1]).

[1] https://hrconsultantuk.co.uk/y-career-understand-what-it-is-...

Re: MBAs who can't find jobs

#44
post #21

A) The overall job market is tighter than it was a few years ago and MBAs are not immune. B) Over the last decade I’ve observed the MBA becoming a lot less fashionable than it once was. I get the whole “it’s a great networking experience” thing but as a value-add degree there seems to be a lot less interest in people who specialize in “management” vs folks that focus first and foremost on being an expert at something…

What is the essence of an MBA education? I know it involves accounting and finance, but how hard is it to simply pick that up in a night course? What I'm really curious about is the actual people management that is taught in MBA schools, and surviving middle management Machiavellianism. Is this explicitly taught in MBA schools? Suppressing labor costs? Anti-union? Bypassing regulatory costs? Acquiring regulatory capt…

It really depends. Suggesting that topics like accounting and finance can be picked "up in a night course" is a bit like saying programming... I know that involves some Javascript and CSS, and couldn't you just pick that up?

I have no formal programming education but started coding 35 years ago. I also have an MBA in finance. For my brain, learning something like functional monadic composition is something I was able to do on my own, but there is no way I'd ever have learned finance at that same level on my own.

It is worth noting that there is a pretty big difference between an MBA in finance, marketing, or operations/supply-chain. As different as developer, tester, and devops at least.

Re: MBAs who can't find jobs

#45
post #25

> “I had no idea, a year later, I’d still be searching for full-time employment,” said 32-year-old AJ Edelman, who decided to pursue a Yale M.B.A. to ease his transition from a skeleton-racing career into a management role in technology. Hundreds of applications later, he estimates, he’s still looking. From skeleton racing to management in technology? Did he really expect the Yale MBA would be enough, combined with "…

Measuring progress by application numbers, and similarly implying that some arbitrary number is too low, is honestly silly. The higher your application count the more you're wasting your time spraying and praying. Focus on leads that are either realistic or just out of reach and work on those, applying to countless jobs that aren't even remotely relevant to your skillset is a waste of your own time.

I mean, I am assuming serious job seekers would only be applying to relevant roles.

I've applied to several hundred positions that are very much in line with my experience and skillset since summer without success - I would assume someone who has never worked in tech would need to be applying for at least as many positions as I have.

Re: MBAs who can't find jobs

#47

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,…

> One of the issues is that the MBA is a money maker for these universities, so why not graduate as many people as possible.

I wonder why U.S. universities issuing MBA degrees take a "graduate as many as possible" approach, whereas medical schools use a "intentionally limit the supply of doctors" approach. Perhaps it's a game theory thing. Any one school can easily and independently increase the number of MBAs it graduates, and so they all do despite wanting there to be fewer graduates overall, but it's harder for any one medical school to independently decide to create more doctors on its own.

Re: MBAs who can't find jobs

#48
post #25

> “I had no idea, a year later, I’d still be searching for full-time employment,” said 32-year-old AJ Edelman, who decided to pursue a Yale M.B.A. to ease his transition from a skeleton-racing career into a management role in technology. Hundreds of applications later, he estimates, he’s still looking. From skeleton racing to management in technology? Did he really expect the Yale MBA would be enough, combined with "…

His background is likely more than enough. In my personal experience, I've seen people land jobs they weren't at all competitive for by applying anyways, while other people (such as myself in the past) decide not to apply for openings with the idea of preparing to become fully qualified first.

In the longer-run, I've observed a few of the people who did apply did struggle greatly, and either had to find a new position, or lost interest in the new line of work they were trying. But others did a good enough job (after a rough start) to do well at their new position, which would then give them the work experience to easily be competitive for similar positions or even better opportunities for their career.

So, in general, I've seen that it's a good idea for the applicant to apply, even if they aren't fully qualified.

--

For Edelman specifically, he both competed in the olympics in his sport, and was a seven-time national champion in his country. He even has a detailed Wikipedia page: https://en.wikipedia.org/wiki/Adam_Edelman

That level of competitiveness in the sport takes a lot of persistence, discipline, and skill, so it's a fair basis for a resume—especially with an MBA from a recognizable university. His background as an Olympian and national athlete is a fair basis for his resume.

But he also has a rigorous background in engineering. According to Wikipedia, he has a degree in mechanical engineering from MIT, and is potentially well-connected through his father (who also has a Wikipedia page), who is an engineering professor at MIT and a professor of medicine at Harvard Medical School.

In his case, I wonder if he would find success by talking with people he has worked with before (such as fellow athletes or sponsors), or people he's known from his experience at university. He likely also has a potentially strong professional network through his family.

Perhaps he's only applying for a narrow range of opportunities in a specialized area. But then again, it does sound like he's applying cold for hundreds of positions. Another possibility is that some miscommunication occurred when he spoke to the journalist for his relatively minor part in the article.

Re: MBAs who can't find jobs

#49
MBA degrees are really to supplement a worker by bringing business experience to their technical expertise. Somebody without any real work experience in industry simply can't do an MBA and benefit from it as the courses all require you to draw from your industry experience. Ergo an MBA only person simply isn't hirable in my book.

Re: MBAs who can't find jobs

#50
Pre-face: MBA here

I got my MBA covered by my employer, but honest to god - I didn't learn or see much new.

Prior to that I had a MSEE, as well as a Bachelor in Econ and Business Administration. All the classes were just mixes of core finance/accounting/management classes. Had electives, but again, nothing I wouldn't have learned on the job or in my own spare time.

I guess you can get some academic/knowledge value if you're completely green to things related to business. But undergrad econ/finance/management/etc. grads? Same old.

The real value lies in the networking. It's just a formality to land certain jobs, or if you want a career change.

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