The MBA is bullshit

The MBA is a way for people who have chips on their shoulder from undergrad applications to redeem themselves, a way for international students to get visas, and a BS degree that teaches things that are available on YouTube. A lot of your classmates will have gone to shitty state U and will pretend that they’re hot shit because they now go to Booth.

I graduated from HBS and deeply regret having attended. The reality is if you were in a decent business role (eg banking, consulting or tech), made more than 150k pre-mba, or went to a target undergrad, the MBA will probably be a waste of time… even at HSW.

 

Interested, could you elaborate more about your learning experience at HBS as it relates to the alteration of how you think and process ideas? Do you feel you've gained from the exposure to other minds within HBS and how they identify and solve problems? Thanks

 
Most Helpful

Speaking as a person who never went to business school:

- I think there is a group of students who would learn certain skills at an MBA course. I have met executives who couldn't read a balance sheet, put together a few business strategies or understand an earnings call. They don't have a background in banking or finance and simply work in industry roles as senior leaders. They would benefit from these courses.
- I had the chance to learn a lot through my various banking/IB jobs and also industry roles. My network and my research skills allow me to look for the right information sources and I know how to analyze them. But an MBA would still make me more eligible for some roles, it lends credibility when I put together a job application.
- Business schools also say it's about your peers and your network. Now, I don't know how serious this argument is, but you would meet interesting folks who go work in pretty high places. It's good to see those faces once a year at a retreat and exchange ideas?
- Working in VC, my MBA colleagues have a more useful network they can tap, some deals wouldn't have happened without them

 

Interesting, have a question if you don’t mind answering. How long would one have to stay in banking for UG degree to be deemed a “thing of the past” in the sense where it isn’t even factored into an interview process. Currently in what is viewed as a “top group” across the street, but I went to a big state school that is considered a non target.

I had some UMM PE outreach during the past week or so, but not a single MF while others in my group received multiple. Assuming this is based on school(?), at what point would top funds look past this to at least give me a shot at an interview?

Have considered UMM -> MBA route after banking, but would ideally like to avoid more school.

 

Maxime sint dolorem rerum. Eaque quia et magni deleniti enim illo.

Non eum ab similique minima quod quo. Aliquam qui consequatur architecto qui omnis. Voluptatem eum similique sunt odio.

Pariatur et natus harum voluptatem. Qui corporis ad rerum at et dolores. Nesciunt non maxime inventore beatae. Sint ut et harum esse.

Earum maiores et dolor aut nihil sit. Voluptate fuga id beatae ab. Sequi voluptatem inventore ut eos et cumque architecto. Nesciunt aut suscipit dolores perspiciatis quis vel. Ut voluptas facilis alias et facere natus. Praesentium neque atque velit omnis. Ipsa et nisi quia consectetur non nostrum similique exercitationem.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”