We had a colleague who wanted a promotion. His boss told him he needed to have an MBA, the guy went to school at night to obtain his MBA, then he asked his boss for promotion. His boss said he needed an MBA from a an Ivy League school not a local lower tier college.
Management is part instinctive and part learning by experience. I learned IT management by studying military theory. My principles were maximum concentration of resources on highest priority projects. There is only one major IT project that matters to a company at any time, so that's what do first. Get that done in six months, then move on to the next. You can't implement a new customer relations system, supply chain, and accounting system all at once, so do them one at a time. Get each one done right before you start anything else. Keep your resources clenched like a fist to punch through the priority area, not spread out like fingers to poke little holes in a lot of different things. You can keep one minor project going in the background, when work on the first one bottlenecks (usually pending discovery of more information), but as soon as the bottleneck in the priority project is cleared, go back to focusing on that. Also stay close to the front. I mingled with the people who used the system every day, so I knew what they wanted. I didn't hang back in my office letting other people who didn't know anything be my eyes and ears. Those two principles enabled me to develop ERP systems for multinational companies, and they all worked perfectly. I don't know if I would have learned that in MBA school, but I knew it from military strategy.
Hey impressed here how military theory works well in business. Can you share where did you gain the knowledge? Is it from a book? I hope to learn as well
@@escapepeterpan The military books I read are decades old, and I don't remember the titles, but the principles are easy to remember: 1) Concentrate your forces on narrow sectors so you can achieve a breakthrough with maximum force and exploit it. Companies hire you to accomplish one priority project at a time. Concentrate all your effort on that project and don't let the users scattershot your efforts on things they want in other areas of lesser value to the company. 2) Move fast. If you're developing a new system or business process, you need to have a prototype ready to show in six weeks and a functional version in six months, even if it doesn't have all the bells and whistles. Don't spend a year plodding along in design, then it turns out to be something the users don't want. 3) Bypass bottlenecks. In the military, officers are trained to bypass irreducible nests of resistance. If something is obstructing you from completing a project, work around it, then come back to it later, after you get everything else done. There are ways to work around a bottleneck, so don't let it hold up an entire project. 4) Keep it simple. In war, drama students and art majors get drafted into battle and equipment maintenance and supply with little training. They have to know what to do in chaos and terror. So keep the instructions simple. Computer systems need to be designed for that kind of user. The complexity has to be hidden in the software, so the user interface can be simple. Every man and his dog, from the CEO to the janitor, needs to be able to run your systems in an emergency when nobody else is in the office. So keep the user interface simple and the training manuals thin. I wrote up those procedures in a management article for DATAMATION magazine, the most widely read business information systems magazine of the late 80s. A long time ago, but the principles still work.
@@alansewell7810 Thanks for the detail sir, i truly appreciate it. compared to your principle, as a 27 years old, it seems i've broken most of your principle :D 1. i focus on everything, ends up achieving nothing. 2. i spent too much time on design and planning, and ends up not executing it. basically doing everything else, except the actual thing. 3. I focus on getting things perfect, and each bottlenecks quickly turns into unnecessary rumination. 4. I make things too hard to understand, it's reflected in my colleague confused face :D at some point i thought myself as a failure. due to no achievement. i've been addicted to porn for so long, it makes it hard for me to think clearly. but since you lay this out for me, it becomes very clear to me of my inefficient method to operate my own life. It's more relatable to me since i'm also pursuing skills in software engineering. i wish i can talk more, well i guess i should focus on getting this 4 things right first. Thanks for the breakdown mr. alan. i'll do my best to hold on these principles from you.
@@escapepeterpan Maybe join a civics club, professional association, or take a class on business or self-improvement at a nearby college or community college where you'll meet people your age and maybe a bit more experienced who are working toward the same goals as you. Your heart seems right, and with that in your favor, you will find the highway to success and achievement. It is hard to do this alone when young, so broaden your social activities as suggested, and it will go faster. I think most every man has been where you are at some point in life, so it is nothing unusual. All best.
@@alansewell7810 Hi sorry for the late reply, to sum it up, "i'm bad at execution". i've been in no place where i were pushed to the edge. i've never been in that environment. i currently working, but at the government, a slow paced government, where things go super slow. not much expectation. not much nothing. while it's true that this place made it easy to overdeliver. it's hard to push myself through the edge. mainly because i was violating those 4 things you told me mr alan. i'm now focusing on getting through. setting tight target. and completing my self-study of programming. and then getting into startups that require fast pace environment. it's gonna be hard without first having any folks or environment yet to push to my limits. creating these environments on my own, mentally is a challenge. but it's a do or slowly die case so... thanks for the push, mr alan.
Top 10 MBA here. I loved the learning but the time invested was not worth it....even though my employer paid for ALL of my MBA! If they were worth it, you would see job postings saying MBA required. Instead, the postings say MBA preferred but not required. I would have been better off grinding hard in my career during those 2 years. The only real advantage to the MBA is the networking you can do with future "movers and shakers" to enhance your career in top tier MBA programs like Harvard, Yale, Stanford, Wharton, Booth, Fuqua etc. You can attain all the knowledge you obtain in an MBA on your own for much less $. I am happy with my career attainment and earnings but my MBA had close to nothing to do with it. The MBA is yet another incredibly overpriced degree in the education/industrial complex.
Sometimes it's not the MBA degree itself, but the focused and intangible experience to tackle a problem. Not make a a more intelligent person. That's too subjective. Not saying I got an MBA, but that is what my Bachelor did for me.
"I'm always lucky." You're humble, as well. People who are "always lucky" give life their best all the time, even when circumstances are difficult. Then when the luck comes, they take maximum advantage of it. Like David Bowie sang in Golden Years: "Luck walked in, and you looked in time."
Thanks for the comment. I do it this way to be sustainable and enjoyable for me. Hopefully helpful for you. So far it seems to be working out pacing myself.
MBAs are too general for most employers, who do not see the benefit of hiring these skills into their organisation. Employers are looking for deep industry knowledge as well as industry commitment. MBA graduates are best suited to consultancy project-based work, where they can hone their change management skills at an organisational level. For everyone else, industry- or function-specific professional certifications will have a quicker ROI and employers will be seeking to hire those skills. The learning required for professional certifications is equally as arduous as for MBA programme modules Professional certifications are more suited to the older learner, who already has some industry knowledge and wants to set themselves apart from their peers.
It's all about who you know and not what you know. Elite Universities worth is it opens the door way to the world of the Elites, after that if you can get it you got it made in the shade.
MBA was useful for my personal finances and also helped guide decisions that benefitted my successful, sole proprietor retail business. Now that I've sold that and an employee again, it provides entertainment because I can see the "Emperor has no clothes" as far as the business' leaders go. I'm glad I did the study and don't regret the monetary and opportunity cost.
Generally no. The education itself is ok. It'll only help you career wise if you go to Harvard/Stanford/Wharton. Or if you got a bachelors in a weak field like History and your employment prospects stink, getting a full-time MBA from a Top 25 or 50 school might help you switch into a better field and improve your income. I got an MBA from a Top 25 place but it was a mistake as I left engineering which is much better than where I am today.
For most people No. Experience varies based on background. A 6'5, blue eyes, trust fund, man is far different than a minority/ woman student without prior experience or connections. The degree itself does not hold much weight when applying for jobs, but might help if you are mid career and your company pays for your degree. Maybe For me personally, it helped me to change careers and land a director level role within 5 years. I was working full time while studying. Thankfully this happened because of a colleague that hired me plus referrals and connections made during my journey. It was a combo of luck, timing and hard work. However, counter point if I saved or invested the cost of my education then maybe I could have been able to purchase a large home 5 years early at a better rate. Time will tell if my answer changes to yes at some point. For some of my colleagues saw an exponential bump in salary within 5 years. If you are undecided, the answer is no.
@@BOSSDONMAN Manufacturing. Got some silly continuous improvement job that eventually lead to quality management. Trapped. No bueno. In reality I do a lot of programming, creating dashboards, etc. basically leveraging electrical engineering to separate myself. 20 years of hamster wheel.
Any degree now, you really have to weigh its cost vs value. Not like the old days when just having a degree in basket weaving got you in the door at a company. And for most of us, once you have a couple years real world work experience, where you went to school is irrelevant. Your performance is what matters. Want more money fast? Change employers every few years for 30%+ increases.
Its great. It helps you analyze the market and helps you identify successful businesses. It maximize your chances of getting hired by said successful company. Then, it gives you the knowledge on how to make the company cannibalize itself for your own personal enrichment. Once you've recycled the companies profits back into itself long enough, the company will no longer be useful and will only exist as a former shell of itself. Finally, you sell the deflated company at a market rate to inflate the stock one last time and exit the scene in a golden parachute. Then you do it all over again. This is what an MBA allows you to do.
depends on what you mean by worth it, I earned my MBA, it opened a world to me, intellectually speaking. it never paid off in financial terms, not really, but I would not trade my education for an alternative reality where I have no education. Thunderbird Class of 2004. Trump is a Wharton grad, by the way.
When doing the cash flow forecast take into account the risk things dont turn out as expected and also the mental and personal effort needed to finish the mba. On the other hand consider how much it matters to you to grow up in your career regardless of the financial payoff.
My peers that have MBA's and are successful all did a proper Return on Investment prior to going through the process of attaining an MBA. My peers that have failed miserabley and have their MBA'S or graduate educations ,without exception, did not make sure there was a return on their time investment. I'm in the middle with an MBA after I retired, and my MBA has been paid for by others, and I got my second career because of it. My ROI was pretty awesome!
have worked with many different people from an 'AAA school' as you say - most of them also should not have had them. They are still watered down. assuming 'school X' blindly produces amazing people no matter what is pretty foolish man. always depends on the individual
Yup I needed that advisor. 100% true, I should've just kept showing up to work as an electrical engineer, would've been better off financially and anxiety wise
University professors know how to administer businesses ? - I think there might be something not quite right with the system. Many things seem to be based upon presumption and supposition. Because somebody teaches something, that does not mean they really know anything.
@@RichGilbert yes, but also, I am located in Germany, high taxes and not so high salaries. And indeed, I do believe it is only worth it if you attend to a top 20 school. anyway, great videos!
An MBA just isn't what it used to be just like just having any generic college degree isn't the same as it used to be. It probably wouldn't be worth it for me because I'm not trying to connect to certain people, go to specific companies, or work in certain places.
The brand of your MBA matters. If you are not getting an MBA from a name-brand school, then you have to really decide what the MBA will realistically do for you. I have an MBA from a state school. Was it worth it for me? The impact of the MBA was negligible for me. It did help me switch fields, but the alumni networking was worthless. In my current industry, the MBA has been currency in an environment that believes in higher ed credentials, which checked a promotion box. So, overall, the ROI was a wash. That said, I don't recommend an MBA unless your employer pays for it or if you get a name-brand MBA. Work experience is > MBA.
Diplomat is the new nobility. If you don't have one from a good university, you will never get in. Is it a scam or unfair, yes absolutely.That's how the system works. You benefit your entire life of prestige just because you went to class and read some books, lol. It's an amazing deal.
Agree, get in with a group. You are lucky now that the world's knowledge is in your pocket. School was simple. All you have to do is meet expectations and you get an A. Meet expectations on the job and you are considered a slacker.
@@AmandaHugenkiss2915 I'm both working (been working for the past 10 years) and pursuing an MBa. Sadly, academics isnt my strong point so on the contrary i'd say school was tough. On the other hand i have no problem on any job i've been thus far and i'm considered a "quick learner". I'm an electrical engineer if it's relevant at all so fixing problems is my thing haha
Ive met a few people now in low level technician positions requiring no education who have MBAs. They are often immigrants from other countries, and have since had no luck finding actual decent jobs. Makes me think the MBA is a bit of a scam.
Thanks for the comment. CPA isn’t really a specialty of mine. I could discuss it in coaching sessions with specific people but the general trade offs are better left to others.
i was doing MBA in correspondence (sort of distance learning in India), due to some reasons i lost my job, then joined a PhD program in engineering (i was already having a masters in engineering). I completed 7 out of 21 credits for MBA, so i got diploma in management but i couldnt continue the MBA because in India we cant do two courses together esp along with a full time PhD. So i quit the MBA, now i am planning to do another PhD in management from top US business schools because i cant afford the fees for a regular MBA.
Hi do you think staying in tech trying to get into faang companies as backend developer better or top mba is better. given that i do not have specific inclination towards any one of them i just want to have a respectful relaxing job which pays alot and i can be financially free and respectied in my domain.
What if I only care about the learning? I don't care about the networking or the resume. I think these elite school considerations aren't the most important.
No no nope. Only if it's paid by the company. It gives a very narrow window of opportunities between summer job an graduation. After that, you're like everyone else 😂
Dude, nooooooo. These people are either making stupid money right now or their parents have. The only reason time becomes an issue on the ROO is becuase you have more time to pay off the debt if you are young compared to your retirement age. I would make zero dollars more after getting an MBA, basically since 2 or 3 years out of an undergrad engineering degree. Please dont support these institutions
Best thing is to get 2 MBAs to show you can succeed in different schools/environments. This guarantees promotion and respect for you and your children for the rest of your lives. Do it.
I didnt get an MBA but wow i will tell you that all i learned that was useful was on the job. All of this he talked about is very easily researched with quick Google searches for free, in your spare time.
I’m glad you like the content. I do one a week to keep it sustainable. So far so good. This week was particularly busy for me, so it was a bit delayed.
We had a colleague who wanted a promotion. His boss told him he needed to have an MBA, the guy went to school at night to obtain his MBA, then he asked his boss for promotion. His boss said he needed an MBA from a an Ivy League school not a local lower tier college.
Sounds like he had a bad boss
They always move the goal post.
The boss has a handicap kid
God is fair. 😅
Management is part instinctive and part learning by experience. I learned IT management by studying military theory. My principles were maximum concentration of resources on highest priority projects. There is only one major IT project that matters to a company at any time, so that's what do first. Get that done in six months, then move on to the next. You can't implement a new customer relations system, supply chain, and accounting system all at once, so do them one at a time. Get each one done right before you start anything else. Keep your resources clenched like a fist to punch through the priority area, not spread out like fingers to poke little holes in a lot of different things. You can keep one minor project going in the background, when work on the first one bottlenecks (usually pending discovery of more information), but as soon as the bottleneck in the priority project is cleared, go back to focusing on that.
Also stay close to the front. I mingled with the people who used the system every day, so I knew what they wanted. I didn't hang back in my office letting other people who didn't know anything be my eyes and ears. Those two principles enabled me to develop ERP systems for multinational companies, and they all worked perfectly. I don't know if I would have learned that in MBA school, but I knew it from military strategy.
Hey impressed here how military theory works well in business. Can you share where did you gain the knowledge? Is it from a book? I hope to learn as well
@@escapepeterpan The military books I read are decades old, and I don't remember the titles, but the principles are easy to remember: 1) Concentrate your forces on narrow sectors so you can achieve a breakthrough with maximum force and exploit it. Companies hire you to accomplish one priority project at a time. Concentrate all your effort on that project and don't let the users scattershot your efforts on things they want in other areas of lesser value to the company. 2) Move fast. If you're developing a new system or business process, you need to have a prototype ready to show in six weeks and a functional version in six months, even if it doesn't have all the bells and whistles. Don't spend a year plodding along in design, then it turns out to be something the users don't want. 3) Bypass bottlenecks. In the military, officers are trained to bypass irreducible nests of resistance. If something is obstructing you from completing a project, work around it, then come back to it later, after you get everything else done. There are ways to work around a bottleneck, so don't let it hold up an entire project. 4) Keep it simple. In war, drama students and art majors get drafted into battle and equipment maintenance and supply with little training. They have to know what to do in chaos and terror. So keep the instructions simple. Computer systems need to be designed for that kind of user. The complexity has to be hidden in the software, so the user interface can be simple. Every man and his dog, from the CEO to the janitor, needs to be able to run your systems in an emergency when nobody else is in the office. So keep the user interface simple and the training manuals thin. I wrote up those procedures in a management article for DATAMATION magazine, the most widely read business information systems magazine of the late 80s. A long time ago, but the principles still work.
@@alansewell7810 Thanks for the detail sir, i truly appreciate it.
compared to your principle, as a 27 years old, it seems i've broken most of your principle :D
1. i focus on everything, ends up achieving nothing.
2. i spent too much time on design and planning, and ends up not executing it. basically doing everything else, except the actual thing.
3. I focus on getting things perfect, and each bottlenecks quickly turns into unnecessary rumination.
4. I make things too hard to understand, it's reflected in my colleague confused face :D
at some point i thought myself as a failure. due to no achievement. i've been addicted to porn for so long, it makes it hard for me to think clearly.
but since you lay this out for me, it becomes very clear to me of my inefficient method to operate my own life.
It's more relatable to me since i'm also pursuing skills in software engineering.
i wish i can talk more,
well i guess i should focus on getting this 4 things right first.
Thanks for the breakdown mr. alan. i'll do my best to hold on these principles from you.
@@escapepeterpan Maybe join a civics club, professional association, or take a class on business or self-improvement at a nearby college or community college where you'll meet people your age and maybe a bit more experienced who are working toward the same goals as you. Your heart seems right, and with that in your favor, you will find the highway to success and achievement. It is hard to do this alone when young, so broaden your social activities as suggested, and it will go faster. I think most every man has been where you are at some point in life, so it is nothing unusual. All best.
@@alansewell7810 Hi sorry for the late reply, to sum it up, "i'm bad at execution". i've been in no place where i were pushed to the edge. i've never been in that environment.
i currently working, but at the government, a slow paced government, where things go super slow. not much expectation. not much nothing.
while it's true that this place made it easy to overdeliver. it's hard to push myself through the edge.
mainly because i was violating those 4 things you told me mr alan.
i'm now focusing on getting through. setting tight target. and completing my self-study of programming. and then getting into startups that require fast pace environment.
it's gonna be hard without first having any folks or environment yet to push to my limits.
creating these environments on my own, mentally is a challenge.
but it's a do or slowly die case so...
thanks for the push, mr alan.
Top 10 MBA here. I loved the learning but the time invested was not worth it....even though my employer paid for ALL of my MBA! If they were worth it, you would see job postings saying MBA required. Instead, the postings say MBA preferred but not required. I would have been better off grinding hard in my career during those 2 years. The only real advantage to the MBA is the networking you can do with future "movers and shakers" to enhance your career in top tier MBA programs like Harvard, Yale, Stanford, Wharton, Booth, Fuqua etc. You can attain all the knowledge you obtain in an MBA on your own for much less $. I am happy with my career attainment and earnings but my MBA had close to nothing to do with it. The MBA is yet another incredibly overpriced degree in the education/industrial complex.
Sometimes it's not the MBA degree itself, but the focused and intangible experience to tackle a problem. Not make a a more intelligent person. That's too subjective.
Not saying I got an MBA, but that is what my Bachelor did for me.
I'm guessing you went to Furqua? The best utility of an MBA is pivoting industries.
As a career recruiter I agree 💯
Short answer: no.
I have an MBA but I'm still watching the video for his answer.
Unless it's an Elite university for Networking with the Elites. Any other MBA is not worth the paper it's written on.
Short answer: It's likely only worth it if you get into a top school, and you're not already placed into a top industry position
Only if it’s a top school. If it’s unknown school only thing it does for you is make you overqualified
Agreed
I needed this video 20 years ago :P
"I'm always lucky." You're humble, as well. People who are "always lucky" give life their best all the time, even when circumstances are difficult. Then when the luck comes, they take maximum advantage of it. Like David Bowie sang in Golden Years: "Luck walked in, and you looked in time."
Very well said! I thought about MBA, PhD, higher education, and education in general. You organized my thoughts! Thanks for another great video.
Glad it was helpful!
Hi Rich. Love your content, very insightful. Plz release video more often
Thanks for the comment. I do it this way to be sustainable and enjoyable for me. Hopefully helpful for you. So far it seems to be working out pacing myself.
MBAs are too general for most employers, who do not see the benefit of hiring these skills into their organisation.
Employers are looking for deep industry knowledge as well as industry commitment.
MBA graduates are best suited to consultancy project-based work, where they can hone their change management skills at an organisational level.
For everyone else, industry- or function-specific professional certifications will have a quicker ROI and employers will be seeking to hire those skills.
The learning required for professional certifications is equally as arduous as for MBA programme modules
Professional certifications are more suited to the older learner, who already has some industry knowledge and wants to set themselves apart from their peers.
professional certification such as a CPA
It's all about who you know and not what you know. Elite Universities worth is it opens the door way to the world of the Elites, after that if you can get it you got it made in the shade.
MBA was useful for my personal finances and also helped guide decisions that benefitted my successful, sole proprietor retail business. Now that I've sold that and an employee again, it provides entertainment because I can see the "Emperor has no clothes" as far as the business' leaders go. I'm glad I did the study and don't regret the monetary and opportunity cost.
Generally no. The education itself is ok. It'll only help you career wise if you go to Harvard/Stanford/Wharton. Or if you got a bachelors in a weak field like History and your employment prospects stink, getting a full-time MBA from a Top 25 or 50 school might help you switch into a better field and improve your income. I got an MBA from a Top 25 place but it was a mistake as I left engineering which is much better than where I am today.
For most people No. Experience varies based on background. A 6'5, blue eyes, trust fund, man is far different than a minority/ woman student without prior experience or connections. The degree itself does not hold much weight when applying for jobs, but might help if you are mid career and your company pays for your degree.
Maybe
For me personally, it helped me to change careers and land a director level role within 5 years. I was working full time while studying. Thankfully this happened because of a colleague that hired me plus referrals and connections made during my journey. It was a combo of luck, timing and hard work.
However, counter point if I saved or invested the cost of my education then maybe I could have been able to purchase a large home 5 years early at a better rate. Time will tell if my answer changes to yes at some point.
For some of my colleagues saw an exponential bump in salary within 5 years.
If you are undecided, the answer is no.
@@invisibleloveone Yeah, I am 5-10 fairly ordinary looking. It wan't my game, bad move
What industry did you pivot into?
@@BOSSDONMAN Manufacturing. Got some silly continuous improvement job that eventually lead to quality management. Trapped. No bueno. In reality I do a lot of programming, creating dashboards, etc. basically leveraging electrical engineering to separate myself. 20 years of hamster wheel.
@@bobbobertson7568Did you graduate during a bad year in the market?
could you please make a video about how to get good at school?
Love your videos!
Keep going!
Yep. Planning on it. Keep an eye out!
Great video. You're so modest, a rare quality. You're not insecure about your intellect.
Thank you! 😊
Any degree now, you really have to weigh its cost vs value. Not like the old days when just having a degree in basket weaving got you in the door at a company. And for most of us, once you have a couple years real world work experience, where you went to school is irrelevant. Your performance is what matters. Want more money fast? Change employers every few years for 30%+ increases.
Its great. It helps you analyze the market and helps you identify successful businesses. It maximize your chances of getting hired by said successful company. Then, it gives you the knowledge on how to make the company cannibalize itself for your own personal enrichment. Once you've recycled the companies profits back into itself long enough, the company will no longer be useful and will only exist as a former shell of itself. Finally, you sell the deflated company at a market rate to inflate the stock one last time and exit the scene in a golden parachute. Then you do it all over again. This is what an MBA allows you to do.
depends on what you mean by worth it, I earned my MBA, it opened a world to me, intellectually speaking. it never paid off in financial terms, not really, but I would not trade my education for an alternative reality where I have no education. Thunderbird Class of 2004. Trump is a Wharton grad, by the way.
When doing the cash flow forecast take into account the risk things dont turn out as expected and also the mental and personal effort needed to finish the mba. On the other hand consider how much it matters to you to grow up in your career regardless of the financial payoff.
My peers that have MBA's and are successful all did a proper Return on Investment prior to going through the process of attaining an MBA. My peers that have failed miserabley and have their MBA'S or graduate educations ,without exception, did not make sure there was a return on their time investment. I'm in the middle with an MBA after I retired, and my MBA has been paid for by others, and I got my second career because of it. My ROI was pretty awesome!
Not anymore. Bunch of people have them that provably shouldn’t have them. Really watered them down. Unless it’s from an AAA school.
what if you want it to become an entrepreneur and start your own business?
@@hungry_khid1007Got to be from a top school if you're looking for potential investors + credibility.
have worked with many different people from an 'AAA school' as you say - most of them also should not have had them. They are still watered down.
assuming 'school X' blindly produces amazing people no matter what is pretty foolish man. always depends on the individual
@@lucidjade I agree I’m meaning their actual value in the marketplace of jobs. Jobs do care about that still.
@@hungry_khid1007 it would help with that very little to be honest. 2 years of running a business even if it failed would teach you much more.
Not worth it anymore unless you're in elite finance consulting or pursuing academics is my feelings.
The GI Bill paid for mine making it a great decision. If you are paying out of pocket don't do it.
At one time I was looking at a MBA. Advisor said that as an engineer in the career I was in the Roi would not be enough
Yup I needed that advisor. 100% true, I should've just kept showing up to work as an electrical engineer, would've been better off financially and anxiety wise
University professors know how to administer businesses ? - I think there might be something not quite right with the system. Many things seem to be based upon presumption and supposition. Because somebody teaches something, that does not mean they really know anything.
Is it caliber, or network? I believe it's network. Pay to play.
I guess at my 47 years old, and in a position as an engineer in tech, it doesn't really make sense.
Financially probably not. But not everything has to make financial sense.
@@RichGilbert yes, but also, I am located in Germany, high taxes and not so high salaries. And indeed, I do believe it is only worth it if you attend to a top 20 school. anyway, great videos!
An MBA just isn't what it used to be just like just having any generic college degree isn't the same as it used to be. It probably wouldn't be worth it for me because I'm not trying to connect to certain people, go to specific companies, or work in certain places.
The brand of your MBA matters. If you are not getting an MBA from a name-brand school, then you have to really decide what the MBA will realistically do for you.
I have an MBA from a state school. Was it worth it for me? The impact of the MBA was negligible for me. It did help me switch fields, but the alumni networking was worthless. In my current industry, the MBA has been currency in an environment that believes in higher ed credentials, which checked a promotion box. So, overall, the ROI was a wash.
That said, I don't recommend an MBA unless your employer pays for it or if you get a name-brand MBA. Work experience is > MBA.
Diplomat is the new nobility. If you don't have one from a good university, you will never get in. Is it a scam or unfair, yes absolutely.That's how the system works. You benefit your entire life of prestige just because you went to class and read some books, lol. It's an amazing deal.
please do a video on how to do well at school! i just started my MBa roughly a month ago!
Group up, brown nose and study hard. Same with succeeding in any other endeavor in life. btw, I have never been asked what my GPA was during my MBA
Agree, get in with a group. You are lucky now that the world's knowledge is in your pocket. School was simple. All you have to do is meet expectations and you get an A. Meet expectations on the job and you are considered a slacker.
I will make a video on in and what I learned between being a C student and then an A+ student
@@AmandaHugenkiss2915 I'm both working (been working for the past 10 years) and pursuing an MBa. Sadly, academics isnt my strong point so on the contrary i'd say school was tough. On the other hand i have no problem on any job i've been thus far and i'm considered a "quick learner". I'm an electrical engineer if it's relevant at all so fixing problems is my thing haha
Wasting your time
Ive met a few people now in low level technician positions requiring no education who have MBAs. They are often immigrants from other countries, and have since had no luck finding actual decent jobs. Makes me think the MBA is a bit of a scam.
pretty much the MBA is not about the education or actually been the most qualified, but about a card to join the club
longest humblebrag I ever watched
Sounds it’s more about having money than having capabilities
MBA was worth it until the internet existed.
Now, the knowledge and network can be obtained online. And the high price tag is simply not worth it.
Excellent video. I will share this.
Much appreciated!
Drexel is ranked in the Top 100 worldwide…. with that being said an MBA from LeBow is not the same as one from Wharton
Hi Rich; thank you for your content. Could you please discuss your thoughts on the CPA License?
Thanks for the comment. CPA isn’t really a specialty of mine. I could discuss it in coaching sessions with specific people but the general trade offs are better left to others.
i was doing MBA in correspondence (sort of distance learning in India), due to some reasons i lost my job, then joined a PhD program in engineering (i was already having a masters in engineering). I completed 7 out of 21 credits for MBA, so i got diploma in management but i couldnt continue the MBA because in India we cant do two courses together esp along with a full time PhD. So i quit the MBA, now i am planning to do another PhD in management from top US business schools because i cant afford the fees for a regular MBA.
Please definitely do a video on doing well in school!!!
Yep. It’ll come 👍
@@RichGilbert yes please!!!!!!!!
How were you paying for the MBA depsite being out of job, plus the trips?
I bought a house and renovated it. Then sold it for a profit. Bought another and did the same thing. Then $60k in debt. 😃and worked a ton to save
Hi do you think staying in tech trying to get into faang companies as backend developer better or top mba is better. given that i do not have specific inclination towards any one of them i just want to have a respectful relaxing job which pays alot and i can be financially free and respectied in my domain.
What if I only care about the learning? I don't care about the networking or the resume. I think these elite school considerations aren't the most important.
No no nope. Only if it's paid by the company. It gives a very narrow window of opportunities between summer job an graduation. After that, you're like everyone else 😂
Dude, nooooooo. These people are either making stupid money right now or their parents have. The only reason time becomes an issue on the ROO is becuase you have more time to pay off the debt if you are young compared to your retirement age. I would make zero dollars more after getting an MBA, basically since 2 or 3 years out of an undergrad engineering degree. Please dont support these institutions
Why do I think Rich is an attractive man 🤔
Capitalism programming makes you less human and more capital. I started to get mine from Rutgers, and realized what I would become.
facial expression from 0:00 - 0:04
/end video
Btw Rich, there's a typo in the video thumbnail
Thanks! Fixed. :)
There’s a joke in there somewhere: “how many MBAs does it take to make a thumbnail….?”
@@RichGilbert ofc and hahaha
👍
Best thing is to get 2 MBAs to show you can succeed in different schools/environments. This guarantees promotion and respect for you and your children for the rest of your lives. Do it.
A colleague is doing exactly that.
Why stop at 2??
Yeah right...
No. Let alone mosg degrees arent even worth it tofayt
Please do the video on doing well in school! 🙏
Rich, please make a video on how to do well in school 🙏
Thanks I might. Maybe will make it as a bonus video.
sounds mind-numbing.
Love your work man but you lost me on this one!
How so?
I didnt get an MBA but wow i will tell you that all i learned that was useful was on the job. All of this he talked about is very easily researched with quick Google searches for free, in your spare time.
searching Google: Only 11.8% of 2023 Fortune 100 CEOs attended an Ivy as undergrads. Only 9.8% hold an Ivy League MBA. So, it's all bull.
CEO is not the only benchmark of success and professional upward mobility
Rich you are taking too long to release videos please drop like 2 or 3 at a time
I’m glad you like the content. I do one a week to keep it sustainable. So far so good. This week was particularly busy for me, so it was a bit delayed.
It’s his channel, he can release videos at his own pace and leisure.
@@okok-uc8hi get off his tip