| Topic Name: |
What to do if job posting says "NO CALLS" |
| Message Name: |
Yeah,so |
| Date Posted: |
10/26/2001 |
| In Reply To: |
You obviously Have an MBA and need to justify to your self the time and money you spent in pursuit.
I stand by my remarks concerning the lack of marketing knowledge of even top b school MBA grads. I know this from dealing with them on a professional level and examining mba curiculum. But yet this credential allows them to land senior level marketing jobs without relevant experience or knowledge, consulting gigs without any experience or knowledge in the industry or discipline, or investment banking jobs that their education prepares them little for.
What was your MBA concentration and what is your current job function and what was your pre-b school experience assuming that you didn't go right after you completed your undergrad studies. |
| Message: |
she has an MBA. What's the problem?
People love to put things down when they don't understand them. Maybe you understand the MBA qualification or maybe you don't (I don't really know). However, your anecdotal evidence doesn't support your position very well.
I work for an investment bank (with an MBA, obviously). The MBA does prepare you for this industry quite well. Much of the basics of the industry are quite academic. For instance, I can learn how a future works just as well in a classroom at school as well as I can learn it in a classroom at work. It is academic stuff.
I worked in the securities industry before B-School and I can tell you that I knew so much more coming out of B-School that it is ridiculous. Not just how, but why things work. Very useful.
So, tell me: what is your beef with MBAs?
Why are so overqualified for every position?
Get real.
I actually agree that recruiters are a waste of time. Yes, they sometimes look for cookie cutter profiles. But, imagine that they are hiring for a position and one person learned a whole bunch of stuff from B-School and another did not go to B-School. You would be willing to pay a lot more for the person who went because you wouldn't have to waste so much time training the person. Plus, you know that the person who went to B-School is motivated and wants to be in management or at least is highly motivated. They are less of a risk.
Correlate that to stocks, a higher beta stock (if you even understand this basic concept); deserves less of a premium.
Compare it to a stockbroker at Merrill Lynch vs. one at Goldman Sachs. One in ten will make it at Merrill (and will make a lot less money; less than one quarter of the amount) than the one at Goldman, who hires only MBAs. Merrill will hire virtually anyone who has sales experience.
This brings me to the most important point. The MBA is a screening tool. So, you are correct when you say that recruiters look for cookie cutter resumes. Why wouldn't they? Like I said previously, they are less of a risk. So they will waste less resources training and retaining these emlpoyees (on average).
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