Comments on: MBA, RIP http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: student http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-4905 Mon, 03 Aug 2009 12:35:52 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-4905 Hi,

I still believe that the MBA as a value, not only for the job that you can still find after it, but also for the networking opportunities with interesting people that it opens.
For all prospects students that share my opinion I created a blog online with advice on how to land in their MBA at http://talksonmba.blogspot.com/

Hope this helps

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By: Griff http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3481 Wed, 01 Jul 2009 14:28:14 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3481 in my prior 11+ yrs experience, I had the privilege of working along side both MBA and PhD level individuals (largely an academic setting for FI money manager). These folks are sharp, and in return will require you to also be sharp (or get sharpened) in the process. I do not possess an MBA, but working with them is an excellent means to learn / absorb information.

Aspiring to achieve an MBA should set you apart. Bearing that in mind, I’d be careful to completely disparage the entire lot since some bad apples (a proportion lacking MBAs, no doubt) may bear responsibility for how things stand. Jeff Skilling / Andy Fastow both had MBAs…the world went on in spite of their mis-behaving.

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By: John P. Crowley http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3479 Wed, 01 Jul 2009 13:12:56 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3479 My MBA degee isn’t worth the paper it is on. My list of accomplishments before and after the degree are too numeorus to list. I couldn’t get arrested in 2006 warning people that the banks were over leveraged and to get out of stocks.

My blemish? … I was 41 when I received my MBA. I have encountered blatant age discrimination in the job market, everywhere.

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By: Michael M http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3478 Wed, 01 Jul 2009 12:13:51 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3478 Again and again people fail to see why we got into this mess. Blaming MBAs, naked shorts, compensation or greed or some other distraction is totally missing the point. Ritholtz recently published a list of who is to blame that makes a lot of sense:

http://www.ritholtz.com/blog/2009/06/who -is-to-blame-1-25/

At the top of the list you find:

1. Federal Reserve Chairman Alan Greenspan
2. The Federal Reserve (in its role of setting monetary policy)
3. Senator Phil Gramm
4-6. Moody’s Investors Service, Standard & Poor’s, and Fitch Ratings (rating agencies)
7. The Securities and Exchange Commission (SEC)
8-9. Mortgage originators and lending banks
10. Congress

Last time I checked there were very few MBAs in the Fed, Congress, SEC and among morgage originators. The rating agencies and lending banks do employ some MBAs, but I bet those rating securities or approving loans or setting loan policies were not overwhelmingly MBAs and for those who were MBAs I really fail to see how their decisions were primarily dictated by their education. Oh, and by the way, MBAs have been around for decades, why are they suddently the culprits?

It was not MBAs who gave America free money (it was the Fed), it was not MBAs who spent it beyond their means (it was consumers) and it was not MBAs who where the main enablers (it was Congress, the ratings agencies, the SEC and the Fed).

MBA programmes have lots of flaws as do many MBAs, and I’m sure going after them is just as satisfying as going after shorts or executive compensation or a culture of greed, but it’s just the wrong place to focus our attention (see Ritholtz list again).

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By: Jake http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3471 Wed, 01 Jul 2009 02:56:44 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3471 “I have worked with Columbia and Wharon MBA’s. Not an ounce of common sense among them. Arrogance and inflated sense of self worth is the rule. THIS is the cream of America’s Industrial/Educational process ? We’re screwed.”

To summarize Erik’s view on MBA’s… They are dumb and arrogant (defined as overbearing pride evidenced by a superior manner toward inferiors)

To summarize Erik… He can’t spell Wharton and thinks he is superior towards the inferior MBA’s

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By: Mike http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3468 Wed, 01 Jul 2009 01:39:01 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3468 Thanks, Felix and Reuters, for the chance to disagree.

Most MBA’s come from no-name state universities, and end up simply adding some smarts to the local businesses.

A lot of gov’t and private organizations are begging for the efficiencies we can bring them.

Frankly, I think Wall Street, down-sizing, and MacNamara gave MBA’s a bad name decades ago, but we’re still needed more than ever.

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By: Erik http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3467 Wed, 01 Jul 2009 00:46:51 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3467 I have worked with Columbia and Wharon MBA’s. Not an ounce of common sense among them. Arrogance and inflated sense of self worth is the rule. THIS is the cream of America’s Industrial/Educational process ? We’re screwed.

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By: Madhu http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3466 Tue, 30 Jun 2009 23:49:30 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3466 “It’s clear, in hindsight, that they did more harm than good”

Care to explain why you think so ? Did you sit in on an MBA class where they methodically taught cheating ?

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By: Jake http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3464 Tue, 30 Jun 2009 22:31:25 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3464 same here… MBA from a finance oriented school just a few years back. no regrets whatsoever. i bet we heard the same story post-internet bubble collapse (i know my school had a large # of grads back in ’01 launching or joining internet start ups).

schools, like good entrepreneurs are very flexible and they will adapt sooner than later. i believe the writer in the post above actually found a lot more value in the MBA than he is letting on. the contacts alone are priceless.

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By: Ken Houghton http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/comment-page-1/#comment-3456 Tue, 30 Jun 2009 20:49:12 +0000 http://blogs.reuters.com/felix-salmon/2009/06/30/mba-rip/#comment-3456 One more dude with a Finance MBA who neither regrets it nor sees it going away any time soon. In fact, they’ll be even more valuable over the next few years.

(As a lawyer friend said in the late-1990s, when I predicted that All Those Mergers would be followed by people discovering a lack of synergies, “Yes, and I’ll be right there to take them back apart.”)

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