Will the value of MBA degree in terms of placement erode in future.. YES !
Will the value of MBA degree from a top notch institute erode in future .. NO !
Will the value that you derive from pursuing an MBA degree from a decent institute erode in terms of personal growth ... NO !
Will the value of MBA degree from a top notch institute erode in future .. NO !
Will the value that you derive from pursuing an MBA degree from a decent institute erode in terms of personal growth ... NO !
hi..
i personally believe that everything has its charm for some years.. for instance, i remember during the late 80's and 90's when an individual was a graduate passout it was a different achievement and it was nt hard to find jobs for themselves but nw a graduate is considered jus as one of the degree and wat is required now is a master's degree and then u sure to get a job " decent job".
its true that mba had gained alot of craze among the youth and it has reached its peak now.. every individual nw is an mba graduate from institutes which come up out of no where and names u may not have heard.....
thats the time wen such question arise...mba was once seen as a degree that only ppl with good reasoning ability, good aptitude could apply... but now mba is now no more a challenge rather a cake walk for anyone....
thanks....
i personally believe that everything has its charm for some years.. for instance, i remember during the late 80's and 90's when an individual was a graduate passout it was a different achievement and it was nt hard to find jobs for themselves but nw a graduate is considered jus as one of the degree and wat is required now is a master's degree and then u sure to get a job " decent job".
its true that mba had gained alot of craze among the youth and it has reached its peak now.. every individual nw is an mba graduate from institutes which come up out of no where and names u may not have heard.....
thats the time wen such question arise...mba was once seen as a degree that only ppl with good reasoning ability, good aptitude could apply... but now mba is now no more a challenge rather a cake walk for anyone....
thanks....
amit_singhal
Amit Singhal
Everything has it's imp upto certain time limit. You can take an eg of Graduation. few decades back when someone use to graduate as an engineer then he use to become famous in whole of his society tht yes thr is guy who is an engg but nowadays engg r so common tht the value of engg is lost.
But this also has another side of it. If u do MBA frm a very reputed institute then the worth of tht degree would be lifelong.
But this also has another side of it. If u do MBA frm a very reputed institute then the worth of tht degree would be lifelong.
riyadas123
New member
mba degree is very important but somehow it lost its important
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An interesting article from The Age Online, reports market forces are beginning to affect Business Schools. Seems every university offers an MBA degree program, but the cost, faculty training, and benefit of the degree vary widely.
"The problem: too many schools, too many ways of getting an MBA, including on the internet, and not enough specialist teachers to maintain the standards demanded. The result: graduate business schools are now graded according to quality and price."
The article goes on to suggest that an MBA is not a fast track to the executive ranks. Few of Australia's CEOs or directors hold MBA degrees. There are few MBA degrees among the Rich 200 list. While a Financial Times of London report pegs the value of an MBA from one of the world's top 100 programs at salary increases of 86-227 percent, "Stanford University management professor Jeffrey Pfeffer found little evidence that an MBA delivers a higher salary, better career or stronger business" in a 40 year study.
Bottom line, an MBA may give you a more rounded perspective and a network of great contacts, but the degree by itself is no guarantee of business success. What really matters is what you do with what you learned during the program.
"The problem: too many schools, too many ways of getting an MBA, including on the internet, and not enough specialist teachers to maintain the standards demanded. The result: graduate business schools are now graded according to quality and price."
The article goes on to suggest that an MBA is not a fast track to the executive ranks. Few of Australia's CEOs or directors hold MBA degrees. There are few MBA degrees among the Rich 200 list. While a Financial Times of London report pegs the value of an MBA from one of the world's top 100 programs at salary increases of 86-227 percent, "Stanford University management professor Jeffrey Pfeffer found little evidence that an MBA delivers a higher salary, better career or stronger business" in a 40 year study.
Bottom line, an MBA may give you a more rounded perspective and a network of great contacts, but the degree by itself is no guarantee of business success. What really matters is what you do with what you learned during the program.
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i personally believe that everything has its charm for some years.. for instance, i remember during the late 80's and 90's when an individual was a graduate passout it was a different achievement and it was nt hard to find jobs for themselves but nw a graduate is considered jus as one of the degree and wat is required now is a master's degree and then u sure to get a job " decent job".
its true that mba had gained alot of craze among the youth and it has reached its peak now.. every individual nw is an mba graduate from institutes which come up out of no where and names u may not have heard.....
thats the time wen such question arise...mba was once seen as a degree that only ppl with good reasoning ability, good aptitude could apply... but now mba is now no more a challenge rather a cake walk for anyone....
thanks....
its true that mba had gained alot of craze among the youth and it has reached its peak now.. every individual nw is an mba graduate from institutes which come up out of no where and names u may not have heard.....
thats the time wen such question arise...mba was once seen as a degree that only ppl with good reasoning ability, good aptitude could apply... but now mba is now no more a challenge rather a cake walk for anyone....
thanks....
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Banned
Are you a job-seeker who is looking for more responsibility and pay, seeking more leverage in obtaining a work/life balance, or contemplating a move into management -- and are considering returning to school to get your MBA? Or perhaps a job-seeker exploring changing careers by going back to school for your MBA? Or perhaps a consultant looking to add a credential to your dossier. Or perhaps a college junior or senior contemplating going straight through and obtaining your MBA right after your undergraduate degree?
Regardless of your reasons, if you are contemplating attending graduate school to obtain your MBA, you should read this article before you make your final decision. This article will take you through all the important issues you need to contemplate before making your decision of whether -- and when -- to obtain your MBA.
What is an MBA? It's a Master of Business Administration degree, granted after one to two years of graduate-level university study that provides training in the theory and practice of business management. The MBA is basically a document that certifies that you have a general competency in all the major functional management roles you'll find in the modern corporation. An MBA is a career accelerator across a number of industries and MBA graduates can usually command higher salaries.
Regardless of your reasons, if you are contemplating attending graduate school to obtain your MBA, you should read this article before you make your final decision. This article will take you through all the important issues you need to contemplate before making your decision of whether -- and when -- to obtain your MBA.
What is an MBA? It's a Master of Business Administration degree, granted after one to two years of graduate-level university study that provides training in the theory and practice of business management. The MBA is basically a document that certifies that you have a general competency in all the major functional management roles you'll find in the modern corporation. An MBA is a career accelerator across a number of industries and MBA graduates can usually command higher salaries.
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Ideal Time to Get MBA
When is the best time to enroll in an MBA program? The obvious answer is to enroll at a point in your career when the MBA is necessary to take your career to the next level, but the choice is never that simple.
For the college undergrad, the biggest question you need to ask yourself is why -- why are you interested in going straight through and getting your MBA right after your bachelor's degree? The top-ranked programs will not even admit you if you don't have at least several years of experience, and a freshly minted MBA with little or no job experience is often in a much tougher job hunt than a recent college grad with little or no job experience.
For the job-seeker, the question about getting your MBA involves how as much as when. Will you keep working while earning your MBA in a part-time program or do you have the financial resources to quit your job and return to school full-time? Will your current employer help finance your MBA? Do you need the MBA as part of a career change -- and if so, how are you going to do it?
Finally, there is the question of the economy. Some people think it's a good hedge to get an MBA during an economic slowdown -- a safe haven -- rather than face the tough job market; however, when the economy is bad, even having an MBA is no guarantee of obtaining a lucrative job offer. The best advice? Talk to recruiters and MBA career placement counselors -- and read the current trends in magazines such as Business Week, Success, U.S. News and World Report.
When is the best time to enroll in an MBA program? The obvious answer is to enroll at a point in your career when the MBA is necessary to take your career to the next level, but the choice is never that simple.
For the college undergrad, the biggest question you need to ask yourself is why -- why are you interested in going straight through and getting your MBA right after your bachelor's degree? The top-ranked programs will not even admit you if you don't have at least several years of experience, and a freshly minted MBA with little or no job experience is often in a much tougher job hunt than a recent college grad with little or no job experience.
For the job-seeker, the question about getting your MBA involves how as much as when. Will you keep working while earning your MBA in a part-time program or do you have the financial resources to quit your job and return to school full-time? Will your current employer help finance your MBA? Do you need the MBA as part of a career change -- and if so, how are you going to do it?
Finally, there is the question of the economy. Some people think it's a good hedge to get an MBA during an economic slowdown -- a safe haven -- rather than face the tough job market; however, when the economy is bad, even having an MBA is no guarantee of obtaining a lucrative job offer. The best advice? Talk to recruiters and MBA career placement counselors -- and read the current trends in magazines such as Business Week, Success, U.S. News and World Report.
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MBA Enrollment Trends
The number of MBA degrees conferred annually has seen explosive growth over the last few decades, going from under 5,000 MBAs in 1960 to more than 100,000 MBAs in 2000. Enrollment is also influenced by the economy, and as the economy turns toward a downturn, both recent grads and displaced workers head back to earn their MBAs.
Because of the growing number of graduate business programs that confer more and more MBA degrees, the degree itself is not as special or highly-valued as in the past. An MBA alone will not be the magic key to the door of career and job-hunting success.
The number of MBA degrees conferred annually has seen explosive growth over the last few decades, going from under 5,000 MBAs in 1960 to more than 100,000 MBAs in 2000. Enrollment is also influenced by the economy, and as the economy turns toward a downturn, both recent grads and displaced workers head back to earn their MBAs.
Because of the growing number of graduate business programs that confer more and more MBA degrees, the degree itself is not as special or highly-valued as in the past. An MBA alone will not be the magic key to the door of career and job-hunting success.
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What an MBA Can Do for Your Career
If you're looking for the MBA to help you get into the executive suite, it may be just the ticket you need. According to a study by Accountemps, a global temporary staffing service for accounting and finance professionals, 80 percent of executives responding to the survey said that a graduate degree in business is still important to reach senior management ranks within most companies.
And there is growing evidence that having an MBA not only gives you more leverage in dictating new job titles and salary, but also gives you leverage in achieving a better balance between work (read: fewer hours working) and life outside work.
If you're looking for the MBA to help you get into the executive suite, it may be just the ticket you need. According to a study by Accountemps, a global temporary staffing service for accounting and finance professionals, 80 percent of executives responding to the survey said that a graduate degree in business is still important to reach senior management ranks within most companies.
And there is growing evidence that having an MBA not only gives you more leverage in dictating new job titles and salary, but also gives you leverage in achieving a better balance between work (read: fewer hours working) and life outside work.
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MBA Costs -- and Returns
According to one salary guide, an MBA is worth about $10-30,000 a year over a bachelor's degree, but the salary increase you could see may be much less -- or much more. Factors that can affect your salary include:
whether you stay with your current employer or seek a job with a new employer.
the amount of relevant experience you have for the job you are seeking.
the reputation of the graduate school you attended.
the type of job you are seeking -- and the level of supply/demand for workers.
the industries where you are seeking a job.
the location of the jobs you are seeking.
But don't forget to factor in the costs as well, with the average cost of graduate study leading to an MBA at about $40,000. Tuition and expenses add up to about $54,000 per nine-month academic year (resulting in an investment of more than $100,000 for the full-time two-year MBA) at Wake Forest University, one of the premier MBA programs. You'll find tuition closer to $12,000 at lesser known programs with generic MBA degrees.
According to one salary guide, an MBA is worth about $10-30,000 a year over a bachelor's degree, but the salary increase you could see may be much less -- or much more. Factors that can affect your salary include:
whether you stay with your current employer or seek a job with a new employer.
the amount of relevant experience you have for the job you are seeking.
the reputation of the graduate school you attended.
the type of job you are seeking -- and the level of supply/demand for workers.
the industries where you are seeking a job.
the location of the jobs you are seeking.
But don't forget to factor in the costs as well, with the average cost of graduate study leading to an MBA at about $40,000. Tuition and expenses add up to about $54,000 per nine-month academic year (resulting in an investment of more than $100,000 for the full-time two-year MBA) at Wake Forest University, one of the premier MBA programs. You'll find tuition closer to $12,000 at lesser known programs with generic MBA degrees.
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What's your MBA really worth? Well, a lot depends on what you mean. In their marketing materials, elite business schools focus on starting salaries, which can be quite impressive. But what about 5, 10, even 20 years out? For a long time, that's been terra incognita—a no-man's-land of guesswork and supposition. Not anymore.
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New research commissioned by BusinessWeek suggests that when it comes to the post-MBA earnings accrued by graduates of top business schools over the span of their careers, not all schools are created equal. Some schools that start out strong with six-figure salaries sometimes sputter and stall, leaving grads with less-than-impressive salaries after 20 years in the workforce. And some schools where grads earn modest salaries out of the gate end up with the strongest of finishes, in some cases doubling their cash compensation after 20 years and overtaking better-ranked rivals. (See our interactive table MBA Pay Through the Years at 45 Top Programs.)
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The research comes from PayScale, which collects salary data from individuals through online pay comparison tools. BusinessWeek asked PayScale to dig into its database of 80,000 graduates of 45 top MBA programs and calculate their median cash compensation—salaries and bonuses—during the first five years of their careers and after they have an average of 5, 10, 15, and 20 years under their belts. BusinessWeek then used that data to calculate an estimate of median cash earnings over the entire 20-year span.
The data suffer from some inherent limitations—it doesn't include stock or options, and the pay data for some smaller schools at the 20-year mark may be based on fewer than 100 pay reports. It also does not track the same graduates over time; it reflects the experience of individuals who graduated at various points throughout the last 20 years.
The data suffer from some inherent limitations—it doesn't include stock or options, and the pay data for some smaller schools at the 20-year mark may be based on fewer than 100 pay reports. It also does not track the same graduates over time; it reflects the experience of individuals who graduated at various points throughout the last 20 years.
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SURPRISES AT THE 20-YEAR MARK
But as a rough benchmark to the earning power of MBA graduates who go on to become top executives, it's enlightening. While for the most part the new research confirms that you get what you pay for—graduates at expensive top-ranked programs such as Harvard Business School and University of Pennsylvania's Wharton School fare the best long after graduation—it also produced a number of surprises.
After 20 years, graduates of three schools have cash compensation that is double, or more than double, what today's students make at graduation, and none of them are high-profile schools: Georgia Tech, University of Connecticut, and George Washington University. The graduates of 10 schools—including No. 15 Indiana University's Kelley School of Business—had median cash compensation at the 20-year mark that is no better than what Harvard Business School grads make shortly after graduation. And at the No. 5 University of Michigan Ross School of Business, where median cash compensation for new graduates was a respectable $109,000, the pay for graduates with 20 years' experience was just 28% more, or $140,000—the worst showing among the top 10 schools.
But as a rough benchmark to the earning power of MBA graduates who go on to become top executives, it's enlightening. While for the most part the new research confirms that you get what you pay for—graduates at expensive top-ranked programs such as Harvard Business School and University of Pennsylvania's Wharton School fare the best long after graduation—it also produced a number of surprises.
After 20 years, graduates of three schools have cash compensation that is double, or more than double, what today's students make at graduation, and none of them are high-profile schools: Georgia Tech, University of Connecticut, and George Washington University. The graduates of 10 schools—including No. 15 Indiana University's Kelley School of Business—had median cash compensation at the 20-year mark that is no better than what Harvard Business School grads make shortly after graduation. And at the No. 5 University of Michigan Ross School of Business, where median cash compensation for new graduates was a respectable $109,000, the pay for graduates with 20 years' experience was just 28% more, or $140,000—the worst showing among the top 10 schools.
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Mydad is spot on. The elite schools take on people already earning top dollers. To a young MBA grad like my self (24) its unrealistic to think someone will pay me 100 grand a year. Its about experiance and your ability to prove your worth. Stop dreaming about these few thousand people that get these 1 in a million dream positions. Start a pole for the average MBA grad who graduates from an average school.
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While it's fine to survey MBA graduates to collect longitudinal salary data, it makes for poor business journalism to write an article conveying yet another subjective ranking system without analyzing the data. To transform the data into information, BW should have collected data on all other variables that would influence a graduate's salary and then control for such variables to isolate the impact an MBA brand has on salaries. Such variables would include: geographic location, age and years of work experience, gender, industry focus, undergraduate institution, certifications and/or additional degrees, etc. All these variables will significantly impact salary levels. My guess is that once you control for these dozen or so other major variables, the salary spreads between the top tier schools will shrink dramatically. Or, they may rise. Either way, the results would be more credible if BW had performed this analysis and presented the results. Suggestion: go find one of the thousands of unemployed MBAs to help with your number crunching.