Educated brehs, what's wrong with getting an MBA?

[Larry Lambo]

Correct, CFA is very valuable right now and will be en vogue for bare minimum another 10-20 years give or take. Depends what happens on Wall St.

CFA is only helpful if you're already on the street or coming out of school. If you've got a F500 finance job, and you get your CFA, it will more than likely be a waste of time/money/energy.

You really only have two chances in life to get on Wall Street. Right out of undergrad, and right out of grad school. Other than that, it ain't happening.

 

[Larry Lambo]

I think one major problem is that people get them without any real work experience rendering it utterly useless. It's really a degree for those with 5+ years of management expericne. But you have tons of graduates getting them directly after a bachelors degree.

There's really three tiers of MBA programs. The elite executive type tier either for high profile industries or upper management. The mid range which is for the middle management and people trying to get into middle management after 5+ years of work experience. And then the low end which is for people who can't get in the field they want to be in, and need some kind of boost to get in.

I got my MBA right after undergrad because I was facing having to get a job in customer service or accounts receivable or something like that. I didn't have the pedigree to get a corporate finance job, which is what i wanted. I know a girl that got her MBA after a couple years of working because she couldn't get anything beyond some clerical type work, and she wanted to work in HR. I don't think you can say it was a waste because it wasn't an executive level MBA. When I see people my age in general accountant jobs while I'm a finance manager making close to $100K, I feel that it was worth it.

 

[Skrilla]

you shytted on bachelors, en masse.

Don't backtrack now. You exposed yourself. You're one of those "get money hustlers" not one of those "delayed gratification warriors"

Get your broke paycheck to paycheck bullshyt outta here.

Lol exactly

 

[Perfectson]

Because that shyt is useless breh. Masters, PHD, all further schooling for what? All in all it's just making schools more money. Already wasted 18 years of my life going to public school, why waste an extra two or four years after getting your bachelors?

Student loan debt is no joke. I see people who got useless bachelors degrees only to go get another useless masters or Phd

^^^

says a guy who doesn't know what he's talking about

it all depends on what you're trying to do in a career

can you move up with just a bachelors? Sure? It's a bit harder though, getting any post bachelors degree will help you attain success quicker, particularly in a corporate enviroment. In Academia you will need a PHD to attain certain levels as well.

 

[Perfectson]

CFA is only helpful if you're already on the street or coming out of school. If you've got a F500 finance job, and you get your CFA, it will more than likely be a waste of time/money/energy.

You really only have two chances in life to get on Wall Street. Right out of undergrad, and right out of grad school. Other than that, it ain't happening.

wrong

CFA is highly regarded (even more than a CPA) in many Finance professional jobs, particlarly if you are going for Director of CFO jobs.

to even attain a CFA you had to have a done investment/equity work anyway - so it's not a waste of time/money/energy.

 

[Lifer11]

If you know what you want to do and can do it with minimal to no debt, or want it bad enough that you're willing to accrue the debt, it's far from useless.

I hate the higher education system in America right now, but we're all not built to be the genius who drops out of Harvard or Yale or whatever other college and invents a brilliant product and goes on to become a billionaire.

If you really think a MBA will help further your career, and you've done the proper research to know whether it will or not, then go for it, fukk what anyone else has to say. No one else wakes up as you everyday, no one else is in your mind. Do what you gota do and fukk all the other noise.

And a MBA can be extremely helpful in a lot of positions, and what it really does is help with upward mobility in whatever profession you choose. First year you might make $40-50k which is peanuts for a MBA but by year 3 or 4 you very well could be making $100-200k depending on the profession.

 

[Lifer11]

I know too many Blacks with Master's degrees unemployed. Don't do it until you're 50 and in upper management already making $150k+

Why not do it the whole time you're putting the grunt work in to move up? It could only speed that process up. Maybe at 50 you're CEO making a couple mill instead of upper management making $150k. Just a thought.

No guarantees out here, gota have a vision for yourself and plot out how to get there.

 

[Diondon]

I specialized in Finance. A nikka eating good.

 

[Perfectson]

Why not do it the whole time you're putting the grunt work in to move up? It could only speed that process up. Maybe at 50 you're CEO making a couple mill instead of upper management making $150k. Just a thought.

No guarantees out here, gota have a vision for yourself and plot out how to get there.

you should try to get a MBA while working (unless you get into a upper level MBA program) just m opinion. Your current job should reward you for that and then you should be in a better marketing position for youself.

 

[Lifer11]

you should try to get a MBA while working (unless you get into a upper level MBA program) just m opinion. Your current job should reward you for that and then you should be in a better marketing position for youself.

Oh no I agree, I was just saying do it earlier than 50, while still working at the same company you were eluding to, so when you hit 50 instead of upper management that CEO position could be in your sights.

 

[Perfectson]

Oh no I agree, I was just saying do it earlier than 50, while still working at the same company you were eluding to, so when you hit 50 instead of upper management that CEO position could be in your sights.

got it, misread it

 

[desjardins]

I think it's a case by case type of thing. If it makes sense in your situation then do it (from a top school). In my particular circumstance a MBA would offer marginal returns given the cost. I already make more than a Wharton MBA on the 3 yr consulting track and the credentialing doesn't really signal anything in my domain.

If you can get your current employer to pay for the MBA I'd go that route if I were trying to get one

 

[semtex]

My uncle was trying to tell me I should get a masters in finance or get an MBA. The thought of that is just considering the facts that:

1) I'm a software engineer making $75,000 a year and I ain't been in the game 2 years yet
2) Finance courses were the most boring fukkin classes I EVER encountered, why the fukk would i go into more debt for some shyt I'd never wanna do

 

[SheWantTheD]

I agree that college isn't what cacs try to make it seem, but if a breh is disadvantaged financially then his best option is usually either post secondary education including trade school or the military (but I wouldnt recommend going in there right now).

Because what generally happens is, if a breh doesn't want to go to college and get some sort of degree/trade, he will likely take whatever he can get which won't be much options wise, it definitely will be less options than the breh with the degrees has. He'll resort to hustling and risk landing in the cage, or work some dead end job til he's 65, if he can even find legal work. I'm not talking about OP but black men in general.

Black men with more education fare better than black men with less education on average. Degrees CAN be useless but it really depends on what the degree is in, if it's in something needed or useful somewhere it's worth it, without less education, a black male fares worse when it comes to employment/careers and salary.

I've been on the entrepreneurship wave for about a few yrs now though but what I did was go to college, got a pretty good job, stacked from chips from there and then used it to go into business for myself. I agree that the "American dream" they sell really is all a game, but it's about the way you play it

I never said people shouldn't go to college. But getting a Masters or Phd degree is a waste of time and just not worth it in my opinion. If your company will pay for it then by all means even though you are spending another 2-4 years of the prime years of your life on schooling.

 

[Anerdyblackguy]

I never said people shouldn't go to college. But getting a Masters or Phd degree is a waste of time and just not worth it in my opinion. If your company will pay for it then by all means even though you are spending another 2-4 years of the prime years of your life on schooling.

In the past I would agree with this, but now you have to have a master's degree to move up in the world. Is it fair? Nope. But that's the world we now live in.