xoxorama wrote:
Personally, it makes me very worried when people say one of the reasons theyre willing to pay the astronomic tuition is because they're expecting a "life changing experience". I have already taken classes at another top business school and interacted with people who went through the same MBA program from start to finish and I don't think any of them would describe the experience as life changing.
In my admission interview for LBS, the high-class private equity alumus stated that he considers that 30% of his MBA benefits represented the knowledge, 30% the networking opportunities with alumni and fellow colleagues and the rest ... daily interactions with another 300 brilliant minds with different ideas and visions of world. These interactions were for him a real "life change experience".
xoxorama wrote:
I am not trying to discount the possible benefits of an MBA, but one must face the very real possibility that we could find ourselves unemployed and in debt after this degree. I don't want to get an MBA because its a "life changing experience", I really just want to learn useful stuff and get a job out of it.
Personally, I prefer to have in my class humble guys that recognise that real-life experience shared by their colleagues worths more that a fancy paper degree and guys mature enough to understand that the "useful stuff" can be found in any advanced paper in finance, operations, strategy and so on - it does not justify to pursue an MBA, it's enough to learn alone and eventually to pass exams to obtain professional degrees.
The job perspectives are proportional with one's level of knowledge, skills and working experience, with or without an MBA. The MBA is just the icing on the cake - the chance to enrich with others' experiences in different environments, the networking opportunities to climb on the ladder faster and the brand stamp on the resume that gives more credibility to previous achievements.