Why you SHOULD NOT get an MBA! 9 reasons why you don't need an MBA to succeed!
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- Опубліковано 2 лип 2024
- An MBA is no guarantee to higher-paying jobs with bigger responsibilities and interesting challenges. So, to manage your expectations, here are 9 reasons why you shouldn’t do an MBA.
00:00 - Intro
01:08 - Compensation
You won’t make more money if you are already making a post-MBA salary ($150,000+ for top-tier MBA graduates; $80,000 for lower tier schools).
02:06 - Rankings
The value of an MBA depends extremely on the rank and prestige of the school.
02:46 - Student loans
Top-tier MBA programs cost between $150,000-$250,000 including tuition, living expenses and travel plus opportunity costs/foregone salary.
03:30 - Time
Earning an MBA is quiet the time commitment. The traditional MBA program takes about 2 years to complete if you’re going full-time.
04:29 - Job relevance
An MBA may not be relevant to the job you really want.
05:23 - Value of education
The value of education doesn’t last forever.
06:21 - Qualification
Hiring managers may perceive you as overqualified and this could be limiting you professionally.
06:57 - Network
One of the benefits that many MBA programs offer, is the network students are able to build.
07:29 - Degree Prestige
The MBA degree has become diluted. It’s nothing special anymore.
08:29 - Summary
Ask yourself a couple of questions: What is it that you’re hoping to gain from an MBA. And why would you spend that amount of money, time and energy in an MBA program?
Always remember: You don’t necessarily need an MBA to make a lot of money.
Also, look into specialized programs. Check out my video about this here:
• Specialized Master's v...
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Music:
Venice by Gyvus / venice
I know someone who had admit to a top tier us mba program but ended up instead going for a specialized masters in computer science, got a decent financial aid to go along with it.
That's great!
Bruno please make some content about MS Supply chain management from US universities. Thank-you.
Hi Adrian thank you so much for your valuable insight as always. I wish to persue a MBA as i started working at the age of 18 and didnt follow my indergraduate degree. I have worked in finance for 15 years and also in cor management in F&B for the past two years. Sometimes not having a bachelor's affects my consifidence to go out there and seek better opeertunities and i hope that a MBA would fill a void in my education
Hi Arnold. Thanks for your question. Normally, even with regional MBA programs, they require a Bachelor's degree. The only exception that comes to my mind are Online MBA programs. There are some universities that don't make a Bachelor's degree a requirement.
I agree with about 90% of what he is saying. I completed an MBA at a program ranked ~30 by US Business Week and I feel that the gains in the marketplace have only been marginal and it perhaps won't be worth the money in the long run. Business schools often try to market themselves on networking opportunities but that is mostly hype. With the rise of woke capitalism, I think men who are neither African American nor Latino are more likely to regret the time and monetary investment involved in getting an MBA from any school outside the top 15 or top 20. When I graduated in 2018, all of the hiring companies either wanted to hire exclusively women or minorities. All of the white men in the program tended to either stay within their existing companies (I did a part time program) or moved to smaller private regional companies that didn't have gender quotas. I don't think the situation with woke capitalism and corporate tokenism has gotten any better since then and hence it's certainly a consideration for those thinking about doing an MBA. As the presenter says, an MBA is no golden ticket though for some (mainly women and minorities + a handful of non minority men) it may have been very much worth it.
On another note, I think that one needs to adjust their mindset in the marketability of an MBA and that's because 90% of employers are not going to see much value in it, though there are some that see a lot of value and then there are some hiring managers (typically who have an MBA themselves) that only want to hire others with MBAs. Hence as an MBA graduate seeking to obtain value from the degree it really comes down to your ability to find those types of companies and those types of hiring managers. There's a huge degree of luck involved in this, though one might say that the value in the MBA comes from getting the one high quality job opportunity that you wouldn't have got without the MBA which then puts you on a career track toward something truly valuable. It may take time to evolve and for me that only happened ~4 years after graduation. The consulting companies are obviously going to see value in an MBA, though in other industries there's a lot of hit and miss (mostly miss).
The knowledge that one gains from an MBA is valuable though there are going to be gaps in one's ability to implement a lot of it. An MBA does make most people better problem solvers and it has certainly been useful to my overall skillset. I think an MBA is a fairly tough experience if it is to be done properly and apart from the knowledge accumulation I found it functioned as somewhat of a "light bulb" moment in which it switched my brain permanently into a higher gear and made me able to think faster, think more clearly, and push myself harder to get better results. That said, there is likely to be a tangible skill gap for most graduates and therefore MBA graduates should consider courses like the FMVA, data science etc. before matriculation or immediately upon graduation to ensure they're able to implement the skills.
Thank you for the comment, Andrew!
@adrianbruno-mba you're welcome. The only part of the video where I slightly disagree with is the content going out of date, however there is some truth to that. Accounting, operations, finance fundamentals will never really go out of date. But even since I graduated 5 years ago, mba courses have been updated to incorporate big data and AI courses to adjust to these emerging trends. But it was correctly noted that graduates will need to continue learning once they graduate. I personally feel that doing qualifications like the FMVA , wall Street Prep, and data science courses can greatly augment the MBA qualification and materially enhance the graduate's tangible skill base.
Great video
Thank you, Miguel!
If you had the choice to do an MBA today would you go for it?
Personally, I would do it again! ☺
@@adrianbruno-mba why so :) ?
@@LearningAndGrowingInLife Watch out for my next video! 😉
By top MBA do you mean top 25 schools ?
Yes, top MBA is unofficially defined as the leading 25 schools. This can be locally or globally though
@@adrianbruno-mba I'd also say that some business schools have "regional pull". they may not be ranked in the top 25 globally, but they can still have a similar career impact within a certain regional area. this is because employers in a region are often favorable to the key regional schools as they have strong alumni bases within them as well as a familiarity bias. For example, SMU Cox has strong pull in the North Texan market and its graduates could probably compete toe to toe with graduates from higher ranked schools like UCLA, Vanderbilt etc (though not Harvard or Stanford) in that market. The situation would be similar for other programs like Purdue, Wisconsin etc. (i.e. schools that have decent, though not top rankings) in their respective geographic areas.