London student protests getting out of hand

[valo403]

Originally Posted by corporatejay

What a broad and ridiculous statement. If you could explain this to me, that would be most appreciated.

I agree that it's certainly an overly broad statement, but I do think the value of an MBA in general has been significantly diminished over the last decade or so. Particularly withthe slow down in the job market people started looking to boost their education, and the MBA became a prime choice. Schools saw the opportunity to to increase class sizes, or to start up MBA programs from scratch, and increase revenues. In order to do so admission standards took a hit, not at the top schools but on average as most entrants to the market were at the lower end of the spectrum. The requirement to have a professional background or real world experience is largely gone and the quality of the programs has diminished. That's not to say that MBA's aren't still valuable, it's just that there are a lot more people out there holding MBA's that don't meet the standards that were previously expected of people with the degree.

Replacing MBA with JD in that paragraph will pretty much tell the story of the legal industry, at least in the US.

[pepper24]

Originally Posted by amorak

Also, MBAs are now a joke in the business community and generally laughed at.

My company and industry won't hire without a MBA for most high level positions.

[blankall]

Originally Posted by valo403

I agree that it's certainly an overly broad statement, but I do think the value of an MBA in general has been significantly diminished over the last decade or so. Particularly withthe slow down in the job market people started looking to boost their education, and the MBA became a prime choice. Schools saw the opportunity to to increase class sizes, or to start up MBA programs from scratch, and increase revenues. In order to do so admission standards took a hit, not at the top schools but on average as most entrants to the market were at the lower end of the spectrum. The requirement to have a professional background or real world experience is largely gone and the quality of the programs has diminished. That's not to say that MBA's aren't still valuable, it's just that there are a lot more people out there holding MBA's that don't meet the standards that were previously expected of people with the degree.

Replacing MBA with JD in that paragraph will pretty much tell the story of the legal industry, at least in the US.

In Canada things are different. Especially for JD/LLB. There are no easy law schools to get into in Canada and they all have relatively high academic standards.