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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The entire premise of this post is kind of laughable.  The MBA is becoming increasingly irrelevant and in fact applications to even the top programs (Harvard, Wharton, etc.) are down by over 30%+ compared to 5 years ago.

If you have a liberal arts background and say work for a non-profit, then by all means an MBA can help you with a switch to a new industry and a business role.  But most people don't need one...and judging by overall demand...are not seeking one.[/quote]

Many are using employee tuition assistance to pay for these degrees. If it's free or near free, why wouldn't you take advantage? Are you also aware a lot of industries require a master's for senior roles and the big bumps in pay that come with those positions? Only a few of the young adults I know with MBA made career pivots with it, most used it to help them keep getting promoted to more senior roles.[/quote]

Most of the employer assistance degrees are not full-time MBA programs...I don't disagree if you want to go to a night program or an executive program for free.  There are many more industries and jobs that could care less about an MBA if you have shown yourself qualified.  If you want to work for a company or in the government that gives you a bump because you received an advanced degree (hence, why there are so many scandals about degrees by mail)...then have at it.[/quote]

It sounds like you are not actually in the workforce if you don't realize an MBA is required to advance at F500s, consulting firms, etc.[/quote]

Actually…right back at you since I worked in investment banking for many years rising to Managing Director without an MBA.  You sound like someone parroting a news article from the 1980s on how to succeed at a F500 company. Please grandma or grandpa…get with the times.  [/quote]

Nobody said you couldn’t get to the top without an MBA.  The MBAs from the top schools will be recruited right away with top jobs and high salaries.  You worked for years to prove yourself.  There’s usually more than one way to get somewhere.    [/quote]

The MBAs are getting recruited into the same jobs and salaries as the kids that finish analyst programs and are retained as associates.  Those MBAs tend to be older since a top MBA program wants 3-5 years experience…so the MBA is getting hired at 26-29 (work + 2 year MBA) to the same job many 23 or 24 year olds are getting who decide to remain in banking after working as an analyst.  Not all analysts are invited to continue (though much higher %ages compared to day 20-30 years ago)…and many burn out (same for the MBA associates too), but it is actually a quicker path to the top if you make the cut.[/quote]

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