<p>I've heard that pretty much everybody in business has an MBA, and an undergrad degree is pretty pointless if you want to move up to the top. Is this true?</p>
<p>lol, depends on what route you're taking...education does matter for those at the top, somewhat, but the bigger reasons somebody is at the top of the business world are more related to personality, work ethic, connections, and last but far from least, LUCK.</p>
<p>I'm wondering if I should double major in chemical engineering and one of business administration or economics. Is it worth it or should I just get an MBA?</p>
<p>ive talked to some people recently who have experienced similar situations, and they told me that majoring in business is just not enough to get a good paying job. in fact, if i'm not wrong, i believe that those with an MBA get paid double what just a ba in business gets- someone correct me if i'm wrong. hope this helps.</p>
<p>You guys really dont know much about what your talking about. MBA recruiting is down 40% while every single year, recruits for every major bank has increased for undergrads. It is pure and simple, getting and MBA is mainly like spending 2 years for a label, banks know that undergrads are good enough to sell and trade right out of college. If your current employers sees that you are good enough, he will promote you after your standard 2 years out of undergrad to a post MBA position. You can go to hedge funds, bond funds, fund management, p.e, whatever you name or think of without an MBA. It is considered a plus by some, other look down upon it. Lets say the top average salary with all compensation for an undergrad is 80k (that is really pushing it). The top average (i believe this is columbia MBA) is 130k with all compensation. You have to look, base salaries are almost the same, signing bonus and garunteed year end are mainly what make the difference. You really want to make money, search day and night for a hedge fund analyst job, last year a few smaller funds handed $800,000 bonuses along with $200,000 base for 2 yr grads out of undergrad. That is where you will find money, but have fun looking for a job with so many graduates and maybe 1,000 spots or less available each year (growing a little as new funds emerge)</p>