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MBA degree is in crisis - Imbanewbie - 08-23-2019
What do you think about this news?
https://www.forbes.com/sites/poetsandquants/2019/08/20/its-official-the-mba-degree-is-in-crisis/#664b55ac52df
RE: MBA degree is in crisis - videogamesrock - 08-23-2019
(08-23-2019, 12:01 PM)Imbanewbie Wrote: What do you think about this news?
https://www.forbes.com/sites/poetsandquants/2019/08/20/its-official-the-mba-degree-is-in-crisis/#664b55ac52df
It just means the schools have priced themselves out of the market and would need to reduce costs to increase demand. All the information needed is in pricing and the schools can easily adjust that; probably means having to get rid of some people who are overpaid and under producing--which is a common problem and unfortunately improbable due to tenure.
MBA degree is in crisis - harrypotter - 08-24-2019
MBAs are also pretty oversaturated in America, so there’s that.
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RE: MBA degree is in crisis - davewill - 08-25-2019
(08-23-2019, 02:27 PM)videogamesrock Wrote: ... It just means the schools have priced themselves out of the market and would need to reduce costs to increase demand. ...
It's also probably because it's hard to fill positions right now. If you can get the job or promotion without an MBA, why would you lay your money down?
RE: MBA degree is in crisis - amilitab4k9 - 08-26-2019
Statistics show that people go back to school when the job market is bad. The job market is about as good as it gets right now. At the next downturn, applications will go up again because there will be more competition for jobs. And, as someone else said, the US is saturated with MBAs. It's no longer a differentiating factor. There are many factors involved. As someone else said, cost also affects it because the ROI is much lower in our current labor market.
RE: MBA degree is in crisis - NolaRice - 08-26-2019
The ROI on an MBA is just not as good as it used to be, unless you're going to Wharton and can shell out 70k.
RE: MBA degree is in crisis - BrighterFuture88 - 08-27-2019
(08-26-2019, 11:03 AM)amilitab4k9 Wrote: Statistics show that people go back to school when the job market is bad. The job market is about as good as it gets right now. At the next downturn, applications will go up again because there will be more competition for jobs. And, as someone else said, the US is saturated with MBAs. It's no longer a differentiating factor. There are many factors involved. As someone else said, cost also affects it because the ROI is much lower in our current labor market.
Even with past statistics, I don’t believe Millennials are going to drive out in numbers to get an MBA, as many of us are still burdened by our Bachelor’s Degree debt. We were just entering the work force when the last recession hit (I had graduated High School in 2007), so a lot of people panicked and went back to school, but the economy still hasn’t recovered from 2008 and a lot of people don’t make enough to pay off their debts. So, I just don’t see MBA apps raising much when the next recession happens.
RE: MBA degree is in crisis - martialartist - 08-27-2019
Saturation does play a huge part indeed, however, I do think the technological shift points to STEM fields playing a much more significant role. Years ago virtually no one asked a financial or business analyst about R or Python, However, it plays a humongous role in today's job market.
I have recently decided to pursue a MS in Business/Data Analytics to increase my value for this very same reason even though I already completed an MBA. The school you graduate from as well plays a crucial role, so I caution everyone to not just focus on the cost of the degree now but the potential value and hiring power it will provide.
RE: MBA degree is in crisis - NolaRice - 08-28-2019
(08-27-2019, 11:37 AM)martialartist Wrote: Saturation does play a huge part indeed, however, I do think the technological shift points to STEM fields playing a much more significant role. Years ago virtually no one asked a financial or business analyst about R or Python, However, it plays a humongous role in today's job market.
I have recently decided to pursue a MS in Business/Data Analytics to increase my value for this very same reason even though I already completed an MBA. The school you graduate from as well plays a crucial role, so I caution everyone to not just focus on the cost of the degree now but the potential value and hiring power it will provide.
Agreed. A data degree is way better than an MBA in today's job market.
RE: MBA degree is in crisis - ThatBankDude - 08-28-2019
(08-27-2019, 11:37 AM)martialartist Wrote: Saturation does play a huge part indeed, however, I do think the technological shift points to STEM fields playing a much more significant role. Years ago virtually no one asked a financial or business analyst about R or Python, However, it plays a humongous role in today's job market.
I have recently decided to pursue a MS in Business/Data Analytics to increase my value for this very same reason even though I already completed an MBA. The school you graduate from as well plays a crucial role, so I caution everyone to not just focus on the cost of the degree now but the potential value and hiring power it will provide.
While I think the school you graduate from is important, what is more important is your ability to network. In the business world, who you know is often more important than what you know...sadly. My education at Southeastern Oklahoma State University was great albeit not a huge university that is well known around the country or world. However, my education coupled with my networking allowed me to become an Assistant Vice President of a bank at 26 years old.