Reply to A couple questions about studying business as an undergraduate

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you attend a top undergraduate business program, there should be no need for an MBA.

The MBA is to advance your career if it isn't going well and needs help, or if you have never studied business before.[/quote]

An MBA is not to advance your career if it not going well.  It is required for any c-Suite CFO type job and most other C-Suite jobs.  Also needed to advance at most investment banks and to serior level at Big accounting firms.  [/quote]

No it’s not.  It never has been and it’s even less required nowadays.

Most investment banks promote like 25% of their analysts to associates (understanding there is a bunch of churn with analysts that can’t handle or hate the lifestyle) and once you are at that level your career progression has zero to do with having an MBA or not…and the big issue right now is that PE firms are giving these kids associate offers to start in 2 years, even before they start their analyst jobs which is irking the investment banks for stealing their pipeline.

Also, I believe the stat is that 60% of all CEOs have nothing more than a BA, BBA or BS (with 8% having no college degree at all…of course those are primarily founder CEOs).[/quote]

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