+1. The amount of ignorance here about advanced degrees from a “College and University” forum is astounding. |
Uh. Because that job/sector does not require grad or professional school to get the job. Law, medicine require the JD or MD. Ivy professor requires phD. Many tech research jobs hire phD not bachelors. Many jobs require MBA. Undergrad only works for some areas, but not for others. Mine are at ivies and their goals are going to require a doctorate, as are the goals of their friends |
Search the forum it has been answered already. There is a small undergrad preference by top law schools, most obvious is that most favor their own. Even without that boost, the ivy/elite experience that one can get at 15-16 schools in this country is irreplaceable. The peers, the smaller classes, the involved professors, the huge endowment that allows a lot of valuable undergrad experiences to be fully funded…. It is best to go to a top undergrad and a top law school. |
The problem with this is that apart from the small undergrad preference for a handful of law schools, the rest of these things can be found anywhere in the top 40 or so, and even some schools further down depending on program. These schools are swimming in money, they offer incredible opportunities, and apart from some intro classes the class sizes are all normal. Top students are ending up at all of them because Ivies have not expanded at the same pace as the student population. Same thing has happened with PhDs produced by Ivies versus the number of professorships available. It’s not the 1980s anymore. |
And none of these things are ultimately that relevant for OPs original question. |
Which jobs truly require an MBA? |
There is not a single job that requires an MBA. That used to kind of be the case like 30 years ago in say PE or even moving up in IBanking, but it has been declining ever since. Your entire list of careers above is a very small percentage of the workforce. I hope you realize that the vast majority of lawyers are deep in debt with terrible job prospects. Only a small fraction of all lawyers work for BigLaw. Your Ivy kids clearly aren’t in areas with great career prospects…just because they chose such a path, doesn’t prove anything. |
DP but the bolded sentence is not even remotely true. You only have to have looked for a job or at a job posting above mid level in the last (insert any period of time here) and you will know that. |
It is even remotely true…sorry, you weren’t capable of moving up through a company to achieve that position, or achieved in the real world. I and friends have become PE partners, investment banking MDs and co-founders, major consulting firm global managing partners…without any graduate degrees. |
I think that is more a symbol of wealth / ability to pay and will fade over time. |
Haha this has nothing to do with me, I have a master’s degree in something else and a CFA, and do just fine in portfolio management. Where there are also tons of MBAs and where “MBA or CFA required” is a common part of the job descriptions. Just like amongst I-banking MDs. But keep pretending like you know what you are talking about, and keep pretending like you are successful. Your second paragraph is a massive tell. |
Haha...you actually revealed yourself to be quite the professional failure. However, a CFA is of course very different from an MBA and obtained by low level equity analysts that barely exist anymore. Considering JP Morgan is upset about their analysts (all just undergrads) getting poached by Blackstone and others to be P/E associates in two-years time (hence, eliminating JP Morgan the opportunity to promote them through the ranks), even before they have stepped foot in JP Morgan after graduating from college, just proves you are a crusty fool that couldn't hack it. Hey, Vanguard manager...go back to creating another ETF and stop wasting your time on DCUM. |
This is hilarious and you have no idea how badly you just gave yourself away. People are constantly trying to make the jump from the sell-side to portfolio management roles, whether at hedge funds or mutual funds. And yes, except for some experienced traders making the jump to a hedge fund (or, these days, some quants depending on the fund), these jobs are always MBA or CFA required. This isn’t some secret, there is a constant flow from the sell-side to the buy-side. The fact that you think CFA = low level equity analyst shows how clueless you are about finance. And then your one example for your position is the recent Jamie Dimon comments that were posted about on here, because you have no real world experience of your own to draw from. Don’t worry, when your internship is done you might learn all of this if you manage to land a full-time position. |
Yea tufts isn't the same level as the others. Feels like a sneak. |
+100 Most jobs do not need grad school. How silly. |