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Elite MBA Programs Report Steep Drop in Applications

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Re: Elite MBA Programs Report Steep Drop in Applications

#221
post #204

Earlier quoted context omitted.

that's a fair point, however Peter Drucker the famous Management Guru said "Business has two basic functions - marketing and innovation" so all the other subjects don't really matter in the larger scheme of things.

Much like the plumbing in your house doesn’t matter in the grand scheme of things.

It doesn't matter to me as I personally don't bother and outsource the job - that's the point.

Re: Elite MBA Programs Report Steep Drop in Applications

#222

Earlier quoted context omitted.

That was not data, that was a guess about your class.

It wasn't a guess. It is real world data based on the class profile that, as I mentioned, is publicly available. I just don't want to dox myself.

your wording indicates it is a guess, giving a specific percentage wouldn't have doxed you

Re: Elite MBA Programs Report Steep Drop in Applications

#223
post #22

Earlier quoted context omitted.

The elite programs have higher bars to entry so they generally are selecting people who seem to have potential (already smart, already personable, promising early career). Most of these people would end up being successful anyways, but the MBA from an elite program is seen as a way of accelerating that. A lot of the things you mention are people skills that a MBA isn't really going to change.

I have talked to people who have been to fancy MBA programs. The ones who had (substantial, management-related) work experience first say that they already had learned everything the university could teach them. The ones that did it right out of school said that they didn't really understand what the university was saying until they saw it for themselves in the field. These were non-technical MBAs that taught account…

No fancy (elite) MBA takes applicants right out of college now. Harvard, for example, does identify and grant admission very promising students right out of undergrad, but makes them wait 2 years to get professional experiences through their 2+2 program.

Re: Elite MBA Programs Report Steep Drop in Applications

#224
post #221

Earlier quoted context omitted.

Much like the plumbing in your house doesn’t matter in the grand scheme of things.

It doesn't matter to me as I personally don't bother and outsource the job - that's the point.

Usually I watch a YouTube video or two about what a plumber probably needs to do so I don’t get totally ripped off.

If a business does not have any understanding of the competencies mentioned in parent, they are at a huge risk of being ripped off by outsiders.

Re: Elite MBA Programs Report Steep Drop in Applications

#225
post #221

Earlier quoted context omitted.

It doesn't matter to me as I personally don't bother and outsource the job - that's the point.

Usually I watch a YouTube video or two about what a plumber probably needs to do so I don’t get totally ripped off. If a business does not have any understanding of the competencies mentioned in parent, they are at a huge risk of being ripped off by outsiders.

Then you have a "trust" problem which is another matter.

Re: Elite MBA Programs Report Steep Drop in Applications

#226
post #225

Earlier quoted context omitted.

Usually I watch a YouTube video or two about what a plumber probably needs to do so I don’t get totally ripped off. If a business does not have any understanding of the competencies mentioned in parent, they are at a huge risk of being ripped off by outsiders.

Then you have a "trust" problem which is another matter.

That is pretty much the nature of the beast with contractors; not another matter. If you don’t understand what they’re doing at some level, they’re probably just using you for billable hours. If for no other reason, they have other more demanding clients that actively manage them.
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