Anonymous
08/14/2023 15:19
Subject: Re:Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:I decided not to get one. I didn’t see the ROI happening.
Most of those are paid by employers, either fully or a significant portion.
How does it work if it’s fully paid for? These young professionals have really generous tuition reimbursement? I’ve never used it but I think my tuition reimbursement at work is only $5K a year. Or maybe it’s $10K. But certainly nowhere near enough for a program that costs $50K or more per year. I work for a Fortune 500 company.
Yes, this happens. My employer has since changed their program, but when they paid for my MS in 2010, there was no tuition limit. My total cost was close to $70k over two years, and they never batted an eye.
Is this common? Are you describing 100% tuition WHILE you continue to work full-time ie an online or executive night/weekend MBA program?
My office used to let you time off to get your MBA, and then you'd rejoin after you got your degree.
Anonymous
08/14/2023 15:14
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:We were at a large event this weekend largely filled with upper middle class parents in their 50s and 60s, so most of our kids are mid 20s to late 30s.
It felt like we were at an MBA parent convention the number of times people dropped what MBA program kid one just finished and kid two finished a few years ago. Premier universities mostly, but premier or not, the MBA was mentioned whenever anyone was giving a brief bio of their adult kids. Parents with three or four kids, multiple kids would have MBAs.
Of course it’s an accomplishment but does it warrant highlighting? Maybe I’m missing what this supposedly signals. I thought if you do mention credentials it ought to be medical school or medical residency or fellowship or maybe a top level school or clerkship. I guess I don’t understand what’s fueling this saturation.
When folks ask about your kids, I think that it is reasonable to mention any graduate school program--not just medical school or fellowship related. Parents are proud of their kids who earn a professional degree. What does OP expect parents to say when "giving a brief bio of their adult kids" ?
Anonymous
08/14/2023 15:05
Subject: Re:Seems like everyone’s upper middle class adult kids have an MBA?
I don't get why this is seen to be unusual. I got my MBA 30+ years ago and it was a common path then, although a little less common for women that it is now (my class was only 25% women). My kids are this generation and one already did a 1 year specialty masters at a business school. The other is in the process of applying to MBA programs. It is a fit with both of their careers/career interests.
Anonymous
08/14/2023 14:45
Subject: Re:Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:Anonymous wrote:I don't see why this sounds unusual. My cousin is probably the age of the kids being discussed. Came to DC immediately out of college, worked a couple years junior staff at a think tank then did an MBA at UVA. I assume on her own dime, immediately had a job at fortune 500 in Atlanta, now senior marketing of some sort. Boring but effective route to a career pivot.
I don't understand what you mean. What is boring ?
Okay, routine. Why does OP find it odd that her friends' kids are getting MBAs? It's a well worn path.
Anonymous
08/14/2023 13:58
Subject: Re:Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:I don't see why this sounds unusual. My cousin is probably the age of the kids being discussed. Came to DC immediately out of college, worked a couple years junior staff at a think tank then did an MBA at UVA. I assume on her own dime, immediately had a job at fortune 500 in Atlanta, now senior marketing of some sort. Boring but effective route to a career pivot.
I don't understand what you mean. What is boring ?
Anonymous
08/14/2023 13:55
Subject: Re:Seems like everyone’s upper middle class adult kids have an MBA?
I don't see why this sounds unusual. My cousin is probably the age of the kids being discussed. Came to DC immediately out of college, worked a couple years junior staff at a think tank then did an MBA at UVA. I assume on her own dime, immediately had a job at fortune 500 in Atlanta, now senior marketing of some sort. Boring but effective route to a career pivot.
Anonymous
08/14/2023 12:39
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
We are the same age as the people who attended your event, and wow it must’ve been one boring event. We never talk about stuff like that with our friends. It never comes up. What kind of event was it?
Anonymous
08/14/2023 12:37
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
If these kids are in their 20’s, are their parent’s paying? Maybe because Larlo didn’t want to work at a low paying job?
Anonymous
08/14/2023 11:57
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Mine only cost me about 20k total. My company paid for about 75% of the cost.
Anonymous
08/14/2023 11:26
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:Anonymous wrote:Anonymous wrote:It’s a check mark for a lot of employers, and there are a lot of new programs aimed at working professionals. It’s still only a big deal if you went to Stanford, Wharton etc.
- MBA from a third-tier program
Even within m7, Kellogg is a joke now
MBA’s only matter if you went to gsb, w, or hbs
And w is shaky also - they are massively diluting w for a cash grab
This is message board striver nonsense. Are you even in Washington? This is not a Wall Street striver forum, this is DC Urban Moms and Dads. GW and Georgetown (McDonough) are extremely popular MBA programs and provide the same promotion and/or pivot opportunities and automatic salary bumps. Especially if your employer is paying and has relationships with local universities, you'd go to the nearby MBA program if you're not looking to relocate. Washington, GW and McDonough; if you're in Chicago, you'd look at Chicago programs; NYC, you'd look at Stern and Columbia; and so forth.
Agree with you that the poster criticizing Wharton & Kellogg is posting nonsense based most likely on a personal grudge.
Curious about the remainder of your post. Are you referring to part-time programs as you relate one's geographic location to MBA programs targeted ? TIA
Anonymous
08/14/2023 11:21
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:Anonymous wrote:It’s a check mark for a lot of employers, and there are a lot of new programs aimed at working professionals. It’s still only a big deal if you went to Stanford, Wharton etc.
- MBA from a third-tier program
Even within m7, Kellogg is a joke now
MBA’s only matter if you went to gsb, w, or hbs
And w is shaky also - they are massively diluting w for a cash grab
This is message board striver nonsense. Are you even in Washington? This is not a Wall Street striver forum, this is DC Urban Moms and Dads. GW and Georgetown (McDonough) are extremely popular MBA programs and provide the same promotion and/or pivot opportunities and automatic salary bumps. Especially if your employer is paying and has relationships with local universities, you'd go to the nearby MBA program if you're not looking to relocate. Washington, GW and McDonough; if you're in Chicago, you'd look at Chicago programs; NYC, you'd look at Stern and Columbia; and so forth.
Anonymous
08/14/2023 11:20
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:Anonymous wrote:It’s a check mark for a lot of employers, and there are a lot of new programs aimed at working professionals. It’s still only a big deal if you went to Stanford, Wharton etc.
- MBA from a third-tier program
Even within m7, Kellogg is a joke now
MBA’s only matter if you went to gsb, w, or hbs
And w is shaky also - they are massively diluting w for a cash grab
By what standard are Kellogg and Wharton not in the same league as the other 5 M-7 schools ?
Posting nonsense like the above quoted post suggests that the poster has a personal grudge against Northwestern-Kellogg and UPenn-Wharton rather than any rational basis for making such absurd comments.
Placements stats for both Kellogg & Wharton are among the best of the M-7 group of MBA programs.
Anonymous
08/14/2023 11:05
Subject: Re:Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:Anonymous wrote:Chicago schools at the top of the list. U Chicago (Booth) and Northwestern (Kellogg):
https://www.usnews.com/best-graduate-schools/top-business-schools/mba-rankings
Nobody actually believes that. Harvard, Wharton, and Stanford are the best.
Typical DCUM. Worship at the alter of rankings until you disagree with them.
Anonymous
08/14/2023 10:32
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:It’s a check mark for a lot of employers, and there are a lot of new programs aimed at working professionals. It’s still only a big deal if you went to Stanford, Wharton etc.
- MBA from a third-tier program
Even within m7, Kellogg is a joke now
MBA’s only matter if you went to gsb, w, or hbs
And w is shaky also - they are massively diluting w for a cash grab
Anonymous
08/14/2023 10:28
Subject: Seems like everyone’s upper middle class adult kids have an MBA?
Anonymous wrote:I’m seeing this a lot of LinkedIn. Family friends’ mid 20s kids only a year or two out of undergrad already enrolled in MBA programs. I think they might be in online programs because their location often isn’t near said campus.
Maybe the online enrollment numbers are up due to Covid.