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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
06 Aug 2010, 09:29
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Why are people in every MBA program so crazy about Finance, Consulting. You find 22%,24% in those areas and like single digits in the rest.
Does it mean there are no other careers which are rewarding or satisfying. A few years ago, i assume even now, there was this craze about Marketing, every tom, dick and jane wanted to get into marketing.
By the way i enjoyed Consulting, i was a Engineering Consultant for really cool projects and it was really fun because you always get to be in the centre of the action and play a key role in determining whether the product is approved. So you get to meet a lot of key people and you can network well.
I like that kind of work though, rather than typing away or feeding market data into excel for next morning sensex or nasdaq.
I am a little puzzled, maybe because i never took up finance in my studies, i had the assumption when i was doing engineering that finance guys in banks were all miserable sitting around a vault. Hey man, its just a joke allright, so that you could laugh.
Even now, even though i feel like taking up finance just because everybody is rushing towards it and the goodies might be over, i feel like i am standing in a gaint arena surrounded by people yelling Finance, Finance !!!.
I like maths, i like working with numbers so on, but more than that i always was the guy who likes to build things, imagine and develop things, painting from imagination, so on.
I dont know how others feel, but on one hand i feel MBA is a one time opportunity and maybe taking up MBA Finance might get me into a job even if miserable, might pay for that miserableness.
But i have looked into other areas as well like a career path which allows one to continue in the same path and become a Senior Manager, Director in Technology or Operations which requires taking up MBA General Management (i am not sure whether one needs to take up GM to become a Senor Manager and progress up VP, so on, correct me if i am wrong), Entrepreneurship, so on.
I have been told by some that look buddy even if you enrolled into those programs you might change your mind later on, WOW i mean, is Finance that awesome or do people love spending 20 hrs/day for the rest of their careers in a Bank Building, maybe they can make a ton of money and get out, but i dont think it works that way, like if you thought, wait i will get into Finance, get into Morgan stanley or GSachs and work for 5 years then retire and live on pinacolata islands sipping blu.
I know that if one wants to be an Senior Manager or progress in that career path, then that can be undertaken in any field, i.e. Finance, or Marketing, Technology or so on, But hearing a lot of experiences even though i like the idea of looking around in Gsachs or MS building, i wouldnt want to be sitting in the same chair all day typing data into an excel sheet.
I mean your taking up MBA to move up in career and you end up again as a Analyst. Thats a no brainer, It makes sense if someone is already a Manager or CFA in Finance.
It would be great to hear others opinion or suggestions, or any similar kind of puzzling situations they are in.
Does it mean there are no other careers which are rewarding or satisfying. A few years ago, i assume even now, there was this craze about Marketing, every tom, dick and jane wanted to get into marketing.
By the way i enjoyed Consulting, i was a Engineering Consultant for really cool projects and it was really fun because you always get to be in the centre of the action and play a key role in determining whether the product is approved. So you get to meet a lot of key people and you can network well.
I like that kind of work though, rather than typing away or feeding market data into excel for next morning sensex or nasdaq.
I am a little puzzled, maybe because i never took up finance in my studies, i had the assumption when i was doing engineering that finance guys in banks were all miserable sitting around a vault. Hey man, its just a joke allright, so that you could laugh.
Even now, even though i feel like taking up finance just because everybody is rushing towards it and the goodies might be over, i feel like i am standing in a gaint arena surrounded by people yelling Finance, Finance !!!.
I like maths, i like working with numbers so on, but more than that i always was the guy who likes to build things, imagine and develop things, painting from imagination, so on.
I dont know how others feel, but on one hand i feel MBA is a one time opportunity and maybe taking up MBA Finance might get me into a job even if miserable, might pay for that miserableness.
But i have looked into other areas as well like a career path which allows one to continue in the same path and become a Senior Manager, Director in Technology or Operations which requires taking up MBA General Management (i am not sure whether one needs to take up GM to become a Senor Manager and progress up VP, so on, correct me if i am wrong), Entrepreneurship, so on.
I have been told by some that look buddy even if you enrolled into those programs you might change your mind later on, WOW i mean, is Finance that awesome or do people love spending 20 hrs/day for the rest of their careers in a Bank Building, maybe they can make a ton of money and get out, but i dont think it works that way, like if you thought, wait i will get into Finance, get into Morgan stanley or GSachs and work for 5 years then retire and live on pinacolata islands sipping blu.
I know that if one wants to be an Senior Manager or progress in that career path, then that can be undertaken in any field, i.e. Finance, or Marketing, Technology or so on, But hearing a lot of experiences even though i like the idea of looking around in Gsachs or MS building, i wouldnt want to be sitting in the same chair all day typing data into an excel sheet.
I mean your taking up MBA to move up in career and you end up again as a Analyst. Thats a no brainer, It makes sense if someone is already a Manager or CFA in Finance.
It would be great to hear others opinion or suggestions, or any similar kind of puzzling situations they are in.
06 Aug 2010, 11:52
Kudos
Bookmarks
I'm really not in a position to comment on what trends have come and gone but my impression - based on numbers and what people in business schools have told me - is that consulting and finance are the most popular because they're the ones with the most glamor in terms of everything from locale to salary to connections.
07 Aug 2010, 05:52
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Because finance and consulting are crazy about MBAs. McKinsey can - and has to - hire a few hundred MBAs each year to replace turnover and keep it's business model working. Your typical corporate that hires MBAs does not need nearly that many. If, say, P&G were to hire as many MBAs as McKinsey, they'd pretty much have to fire their entire marketing organization to make room for them all.
