Elite MBA now admitted to cost $200,000-plus for two year degree.

[hifiguy]

Last edited Thu Nov 20, 2014, 05:41 PM - Edit history (1)

https://www.linkedin.com/pulse/article/20141120174115-17970806-the-cost-of-an-elite-mba-now-exceeds-200-000?trk=tod-home-art-list-large_0

WHY? All that's needed to teach this bullshit is classrooms, profs and a library. It's not like the physics department that needs an atom-smasher to do serious research.

This is absurd. Were I elected dictator one of my first acts would be to shutter every business school and make sure the accounting profs got their own department. We need accountants. We do NOT need people who can market shit products "better" or, Celestia forbid, "financial engineers." Those people are destroying the country.

[Jackpine Radical]

1. The high price serves a function.

It serves as an effective screen to filter the riffraff out of leadership roles in the Fascist State.

[hifiguy]

3. True, dat.

It has become a self-replicating class, also known as a hereditary aristocracy. As I recall, Adams, Jefferson, Franklin and Madison had an intense dislike of hereditary aristocracies....

I just remembered that Amy Carter married an artist or some such ordinary fellow.
Chelsea Clinton was safely paired off with a tenth-percenter.

Things that make you say hmmmmm....

[KoKo]

12. Interesting point...in retrospect it makes perfect sense.....

How to keep an elite group functioning. Those college, grad school debts can also be bought off by nefarious sources after graduation if the candidate is qualified to work for McKinsey or an Elite Think Tank.

The rest will pay it off ...sacrificing lifestyle for many years. Or, so it seems...

[Odin2005]

15. It's like the philosophical academies in the Roman Empire.

They are to create a united ruling class that treats each other like brothers and comrades.

[Jackpine Radical]

17. ...always remembering of course how often

Relatives did each other in back then..

[RedCappedBandit]

2. Not specific to MBAs, and it is completely fucked up. nt

[tammywammy]

4. I'm a current MBA student.

A 3-hour class at a state school costs around $1600 plus books. Books have cost anywhere from $50-$200ish a class, most are under $100. I also work full time, and get most of my tuition & books reimbursed by my employer.

These expected costs in the article, include living expenses. Most people I go to school with work.

BTW, business school also includes human resources, economics, data analytics, supply chain & logistics, manufacturing operations, project management, etc.

[srican69]

5. I plonked down 120 K on my MBA

Paying $1000 month on student loans

[taught_me_patience]

9. Why don't you ammortize over 25 years?

It'd get your payments down to $850 or so.

[pnwmom]

6. The article says $200K plus, which is plenty bad enough.

Where are you getting the $300K figure?

[hifiguy]

7. User error now corrected.

$300K plus including foregone income. Still outrageous.

[pnwmom]

8. Yeah, it's still ridiculous. n/t

[taught_me_patience]

10. Most getting MBAs can make the ROI calculation for themselves

No need to demonize people who are trying to get better at what they do.

[tammywammy]

13. Shush you

All MBAs are evil. Don't you know that? My econ and marketing classes have turned me into a psychopath. Wait maybe it's my project management class next spring that puts me over the edge.

[RebelOne]

11. My daughter got her MBA with a $5,000 grant.

Not an elite MBA, but nonetheless she got her degree.

[Odin2005]

14. The local Lutheran college here (Concordia College Moorhead) just got a new business school...

...because a local rich fuck paid ("donated money&quot for it. I wonder if it is similar with other colleges.

[tammywammy]

16. Where I did my undergrad at, yes the graduate school was started off a donation.

It was a sizable donation, since the school is named after him. But all colleges & universities depend on large donations. That's why they have buildings named after people.