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College and University Discussion
Reply to "Would you get an MBA?"
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[quote=Anonymous][quote=Anonymous]OP here. Given my daughter has a bachelor of arts and wants to pursue a career in investor relations which typically requires a business degree and financial background, could this give her a leg up down the road(she would definitely work at least 4 years before applying for MBA)[/quote] Female MBA here. From a Top 20 school. Bluntly stated, I don't think an MBA degree will help a lot for the specific path you envision. The Corporate Comms people I've seen at high levels (F500 VP) are coming from Product Communications, P.R., Crisis Communications, etc. I'm not aware that entry-level Investor Relations requires finance training. A lot of it involves corporate messaging, sales reporting, and event planning. People who go into Communications usually shy away from quantitative classes in college. And MBA degrees don't contain a heavy math focus unless you do a Finance-heavy elective curriculum. When you take Finance classes beyond the core, your classmates tend to be men headed for Wall Street, M&A, Private Equity, etc. Some who already have Finance backgrounds and a bunch of engineers who did advanced math in undergrad. At a high-ranked school, you're at a competitive deficit from Day 1 if you haven't done much math since high school. If your DD wants to do investor relations in the Finance sector, maybe this is a path. But it doesn't match what I've observed. Humanities and social science majors get MBAs to get better jobs at higher pay. Marketing is a much more typical destination than Comms (especially Brand Management). And strategy consulting. Also work involving high net worth individuals. Is there any chance she can take a 5th year and get a dual degree or somehow get the finance content now? Anything in the NYC area she could do while working? I'd start now on something non-MBA that gets her prepared to start down the right road. Then see what the job market is like for MBAs in 4 years. Decide then.[/quote]
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