<p>I am currently in grade 12. I will be applying to universities to get admission for next fall.</p>
<p>I am interested in doing MBA in either finance or management.</p>
<p>I am going to do Mechanical Engineering with either a minor or a dual degree with Aeronautical Engineering.</p>
<p>My aunt and uncle who are MBA's are telling me to do MEng. b4 going for B-school for finance or management but i want to get the advice of others as well so that i can decide on whether to spend 2 years of my life specializing in an engineering field or go get some work experience at that time and then go to a B-school.</p>
<p>The reason i would like to start this thread is because it might help all those who are in doubt just like me.</p>
<p>why would a minor in financial engineering be better than an MBA? they're two very different things. Learning how to work with derivatives isn't going to help you if you're seeking some kind of managerial or broad position within a company.</p>
<p>My uncle did computer engineering before his MBA because he had studied his bachelor's in india and since he wanted a job in us (which is pretty difficult to get if you have not studied in a great university in india) so he did his masters in US in computer engineering.</p>
<p>Now he wants to do an executive mba....... i dont know why but that is what he wants to do now.</p>
<p>Look at the statistics. Masters degrees in finance are popping up everywhere. The MBA has gotten too fluffy at too many schools. Way too many organizational behavior and marketing courses, not enough quantitative skills.</p>
<p>A Masters Degree in Finance would only be useful if you were looking at specifically getting into trading, likewise with a masters degree in Financial Engineering.</p>
<p>Other then that, if you're looking at managing teams of engineers, or doing strategy development, or something -- pretty much anything OTHER THAN TRADING the MBA is better. It's dumb to argue that the MBA is fluffy, it's supposed to be fluffy. Graduating from a top MBA program is more about networking than it is to learn accounting or finance. </p>
<p>And what statistics are you talking about? Look at placement for top MBA programs, they all place you into great jobs with great salaries. Unless you want to be a quant there is absolutely no reason to do a masters in finance or FE.</p>
<p>Things are changing, "senior member." I remember when the CFA used to be just for equity research types, now every young banker is pursuing the designation. Quant skills are important to both corporate finance and trading types.</p>
<p>So are you saying that the MBA is a 2-year, $100,000+ ticket punch? No wonder it has no credibility in academia.</p>
<p>
[quote]
Things are changing, "senior member." I remember when the CFA used to be just for equity research types, now every young banker is pursuing the designation. Quant skills are important to both corporate finance and trading types.
[/quote]
</p>
<p>No, Quant skills are not needed in corporate finance. If you're going to argue this at least make some points about it. The one area you'd see them would be in structured finance but it's not like a lot of students are going to be seeking a job there.</p>
<p>Go look on any quant forum, they're going to say the same thing.</p>
<p>
[quote]
So are you saying that the MBA is a 2-year, $100,000+ ticket punch? No wonder it has no credibility in academia.
[/quote]
</p>
<p>Who cares about what academia thinks? The salaries speak for themselves. If you want to work long hours and make a lot of money an MBA and a job in the investment banking will do the trick.</p>
<p>I have a quick question: if you have a BD in economics, can you transfer to a master in finance, or something close to it? We have no finance degree in France, and economics was the closest degree to trading I found.</p>