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JD The Jazz Doctor


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Believe it or not, the majority of CEOs running major companies in the United States do not have MBA degrees. Research done by BusinessWeek magazine in 2006 found that fewer than one in three executives who hold high level positions in corporate America had an MBA.

And a more recent poll conducted by Pace University professors Aron Gottesman and Matthew R. Morey found that out of 488 top companies surveyed, only 159 had CEOs with MBAs at the helm.

The study also uncovered an interesting fact that may sound counterintuitive: There was no evidence that having a CEO with an MBA helped the stock-market performance of the firm. In fact, "there was some marginal evidence that it might hurt," says Gottesman.

Even though tough economic times are usually thought of as a great time to go back and get some more education, plopping down big bucks on an MBA doesn't mean doors will automatically open.

"Colleges seem to churn out MBAs like tissue paper," says Joanna Smith Bers, managing director and talent officer for New York-based DB Marketing Technologies. "There may have been a time when those three letters actually distinguished job candidates from the pack, but no more. As a senior manager at a business insights management consulting firm, I have found that the MBA is more embellishment than substantive."

While there are still some jobs, particularly in the financial sector, where an MBA is usually a must, recruiters and hiring managers say they're looking for applicants with real-world experience who have actually run something.

A higher degree can surely open doors, says Jonathan Mazzocchi, a partner in the accounting and finance division at staffing firm Winter, Wyman, but "experience will always trump MBAs."


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MzHartz


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Living in a college town where I'm surrounded by Masters students, I've noticed that MBAs only seem to help in certain fields. Any orchestral musician seems to be one, IT another (for good technology jobs, not IT nazis). And then there's a lot of Master's students who I think are just delaying having to go out into the real world.

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confuzzed


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In my world, it seems that my MS in Taxation helps more than my MBA.

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Trish


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I don't even have an associates (14 credit hours is what I have total) and it doesn't matter. My work experience is what got me the job, not a degree. I'm so glad that my dad thought it would be a good idea to teach his baby girl to be a tech writer. smile.gif

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JD The Jazz Doctor


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I took some associates level business, investing, and economics courses a few years ago.

In most cases, we'd have to only answer the first 10 of 30 questions at the end of a chapter.

I'm guessing the next 10 were bachelors level, and the last 10 were mba level.

a lot of the  technical writing courses I took were that way too. masters and bachelors students mixed, just the masters had to answer more questions from the same book.

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