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College and University Discussion
Reply to "UVA McIntire or top 15 school? "
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[quote=Anonymous]There's a lot of boomers online that denigrate undergrad b-school, because those programs either did not exist or were only at mediocre schools when they were in college. Many boomers will argue that undergrad is to pursue a well-rounded liberal arts education and MBA should be reserved for business education. Well, no one wants to waste 4 years and $280k on a "well-rounded liberal arts education" just to follow up with 2 years and 150k on an MBA. Not when 21-22 year olds are regularly getting hired out of undergrad for $150k+ positions in IB/consulting. A new MBA and a new undergrad is going to start at the same level in IB and consulting - associate/analyst. The MBA doesn't somehow bump the new hire to a higher position, and the pay will be the same. The MBA opportunity cost does not add up. Those 2 years are much better spent getting experience and making connections in industry, not to forget earning money rather than spending it. And if your school has an undergrad b-school, you better be in it instead of taking a liberal arts major like economics. B-schools directly teach students the skills necessary for getting the job, there's additional filtering meaning the peers are more talented, and B-schools hold major-specific career events for recruiting away from the masses. Meanwhile, economics at most schools is a catch-all major for those who couldn't get into the B-school. The only time that undergrad -> MBA makes sense is for those with engineering or CS degrees, or those with non-target undergrads. Still, IB/consulting firms today love directly hiring engineers/CS, so even that may not be necessary. [/quote]
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