<p>Finance has some training elements but is also academia. Just because it has applications, doesn’t make the theory excluded from academia.</p>
<p>I wouldn’t necessarily say “business” is not a good choice in every situation. Ross at UMich awards a general Bachelor’s of Business Administration (BBA) and places graduates extremely well. However, it definitely should be taken into account university by university.</p>
<p>Yea if u get ur business degree from well respected schools like wharton ross stern etc i dont think its ‘bad’. Infact schools like these can get u the best job oppurtunities in your field (of course along with the usual HYP schools lol).
However if ur doing a business degree from a 3rd tier b-school and u have an option to change ur major, consider doin so</p>
<p>my goal is to get the analyst job then after 2 years get an MBA, so if school is like training then thats a plus in my narrow view</p>
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<p>Getting an MBA after only working for two years is more the 1980s approach and now virtually everyone at the top MBA programs will have more than that as 80% of my MBA class had 3-6 years work experience with almost all of the rest having more than six as opposed to less than three.</p>
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<p>HWS b-schools are almost impossible to get in with 2 years of work experience (especially if it’s something common like banking analyst)</p>
<p>well from what i have read thats the approach people have taken. Either way i do plan to get an mba</p>
<p>There are some hella old people in the full time Wharton MBA program (at least over 30). I feel like a better goal would be to get on a carrer path where you love what you’re doing and make a $hit ton of money around age 27-30 so you don’t feel the need to go back for an MBA and really don’t need one. Spending ~150K and forgoing 2 years of salary and work experience isn’t necessary for being well off. I mean, look at Bill Gates and Warren Buffet. At least accoriding to their wikipedia articles, they don’t have MBAs.</p>
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<p>Two isolated, extreme examples is no way to determine what your approach should be. Buffett actually has an MA in economics. </p>
<p>I would agree about trying to find a job you like and are good at and then see if you still desire to get the MBA then. I think that’s a better approach to actually be qualified to get a top MBA anyway as opposed to doing what you think the adcoms want to see. An IB analyst job followed by a job that leads from it should put you in position to be competitive for a top 10 MBA school.</p>
<p>I know those are two isolated examples, but wanted to use the extremes to make a point that one shouldn’t enter college with the thinking “degree->2 years on the job -> mba->$$$$$$$$”. An MBA from a top program isn’t the end all be all.</p>
<p>Also, one doesn’t need any work experience to get an MA in Econ. I could gradute from undergrad a year early and get an MA in econ before I’m 22. That won’t put me on equal footing as an MBA from the same university though.</p>
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<p>It probably would have in 1951 when Buffett got the degree considering that most MBA grads at the time up through ~ 1980 also had no work experience. Generally, I would agree with you that the MBA isn’t a degree you should be planning on getting when entering college but more of a default depending on how your career is going and how your interests evolve once you are working.</p>