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I'm not sure what an "elite" college teaches that a "regular" college doesn't. Maybe quality of student is better, but the content seems negligible. Heck I find the personalities of young "elite" grads need additional shaping in the real world.
Since MBAs especially are largely network building institutions, this is a situation where the clear losers are gonna be the educational institutions and the US, because the Chinese and Indian students who would have otherwise built an American network when trying to create their own businesses, largely in their own countries, will now be building a Canadian one instead.
Applications are still growing, the highest was Canada with 9.4% growth between 2018 and 2019: > Applications to U.S. business schools, including M.B.A. programs, fell sharply, while rising in Canada, Europe and China. just not in the US: > “There’s perception, which we absolutely pick up in our data, that the U.S. is not a welcoming environment,” said Sangeet Chowfla, GMAC’s chief executive.
After working with so many MBAs from prestigious schools I find it very hard to take this kind of title at face value, before seeing the person in action. Most had an MBA at 23 years old, basically jumping straight from university classes to MBA classes with nothing in between. At best the MBA did not bring anything. At worst it made some feel so entitled that they actually performed far worse. I fail to see the adde…
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> It's a pedigree that allegedly excludes the dumb rich kids Yeah, it's exclusively for the smarter rich kids.
I don't know. As the son of a High School teacher and an unemployed father from a third world country, I'm probably not what you call "smarter rich kid" yet I went to a top 5 MBA. Many of my classmates came from equally diverse backgrounds and nationalities. I think 30%+ of my class were foreigners. But go on, it's easy to hate on MBAs. It's the one bigoted view everyone is seemingly allowed to have.
Because foreign born people can't be rich?
What income percentiles are Harvard MBA students coming from?
This is a good thing. People are realizing that a $500,000+ upfront cost (tuition + 2 years' lost income) had better have an an astronomical ROI. In many cases, it doesn't. Anecdotally, I went to undergrad at a school with an elite MBA program. It seemed to me that the only hard part of the MBA program was getting in; the MBA students were essentially paying to have a 2 year networking party. Their experience was lik…
I have several friends with top tier MBAs. They all got them in an effort to jump from the sell-side to the buy side, and most saw salary increases from 300-400k to 600k-1M+. The ROI on that specific career move is pretty clear and is really the only path I would personally justify for an MBA. They all say the course load and work is a joke. It's mostly an accreditation to the buy side hiring process and networking.
Either they're total outliers, or you're talking about something like an exec MBA, or something else altogether.
[1] https://www.usnews.com/education/best-graduate-schools/top-b...
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I don't know. As the son of a High School teacher and an unemployed father from a third world country, I'm probably not what you call "smarter rich kid" yet I went to a top 5 MBA. Many of my classmates came from equally diverse backgrounds and nationalities. I think 30%+ of my class were foreigners. But go on, it's easy to hate on MBAs. It's the one bigoted view everyone is seemingly allowed to have.
> I think 30%+ of my class were foreigners. Because foreign born people can't be rich? What income percentiles are Harvard MBA students coming from?
I don't know about Harvard MBA students, I didn't go there. But you can go ahead and google each school's class profile. Maybe that info is out there.
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.
> "The rise of the MBA has seen the downfall of quality." specious and unsupported statement. what "quality" are you talking about? what "downfall" has there been? when, how and why did "it" rise in the first place? you're making a fundamental attribution error (a topic taught in an MBA program, no less) by hinting at structural issues that are much wider and far-reaching than a simple graduate degree. make a reasone…
Applications are still growing, the highest was Canada with 9.4% growth between 2018 and 2019: > Applications to U.S. business schools, including M.B.A. programs, fell sharply, while rising in Canada, Europe and China. just not in the US: > “There’s perception, which we absolutely pick up in our data, that the U.S. is not a welcoming environment,” said Sangeet Chowfla, GMAC’s chief executive.
Once you graduate, you get an open work permit equal to the length of your program and can then apply for Permanent Residency through “Express Entry” based on your advanced degree and local experience.
The desperation for local experience can really suppress wages in some fields.
And you don’t need to prove that you’re not taking a position or anything from a local candidate.
Canadian universities and colleges have been making out like bandits and accrue excess value from the scheme.
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It's not really that generalized as you can pick 1 or more majors and focus on what you want to learn most. Not to mention each MBA school has different characteristics, attracting different candidates and campus recruiters. Stanford and Booth couldn't be more different if they tried. MBA graduates are also not fit for running literally any business. The only thing employers know is that if you come from a top 10 MBA…
Folks on the trading side definitely don't. Folks on the PE side definitely do, especially the decisionmakers