Reply to Seems like everyone’s upper middle class adult kids have an MBA?

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[quote=Anonymous][quote=Anonymous]MBA is not an advanced degree.  PhD, MD, and JD are.[/quote]

A JD is not a doctorate.  In other countries, the equivalent degree is called a bachelor of law, enrolling fresh high school graduates.  After the JD, you can do a masters and Ph.D. in law.

The M.B.A. has evolved.  In the early 1980's, the personal computer, spreadsheets, and statistics and optimization applications became available.  You could suddenly do accounting on spreadsheets, calculate financial risk, and schedule manufacturing jobs.  Ph.D.'s in business were scare, and the M.B.A. was the only way to learn finance.  At one time, it was a selective degree where many students had engineering degrees and work experience.

M.B.A. students got jobs, and programs expanded.  It was quite profitable for deans to teach sections of 60 students.  Nowadays, everybody offers an M.B.A.  Many employers will pay for a technical degree, but not an M.B.A., because M.B.A. graduates can leave for a competitor.  The executive M.B.A. is watered down technically.  But employers don't expect a 35-year-old to be a math whiz.

Much of the old M.B.A. program has filtered into the undergrad business curriculum.  But those programs are usually large, unselective, and unfocused.  Many of those graduates will get an M.B.A. anyway.  A two-year full-time degree offers a lot of time to explore different areas.  If you know what you want to do, a one-year specialty masters in finance, accounting, or information technology will be faster.

A business school is like a gym.  Some people lift weights or do intense classes.  Some relax in the pool or sauna.  And some socialize at the juice bar.  You don't expect the same clientele at Crossfit and Planet Fitness.  And you don't expect 28-year-old full-time Stanford grads to have the same curriculum as older part-time executive students or fresh 23-year-olds from public colleges.[/quote]

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