College is a Scam

[TJrandom]

..., it is likely that your MBA did nothing to enhance your career except perhaps in your own head.

As I said above – benefits that I enjoyed included:

- A quadrupling of income upon completion of the program
- Greater opportunities presented to me
- Knowledge, skills, techniques learned that are used in business and which I subsequently used
- Meeting and getting to know professionals in other industries and firms
- Intellectual stimulation

These benefits are not just in my head, but they were also in the heads of my hiring managers – who recognized the value and were willing to pay for it.

[aloevera]

As I said above – benefits that I enjoyed included:

- A quadrupling of income upon completion of the program
- Greater opportunities presented to me
- Knowledge, skills, techniques learned that are used in business and which I subsequently used
- Meeting and getting to know professionals in other industries and firms
- Intellectual stimulation

These benefits are not just in my head, but they were also in the heads of my hiring managers – who recognized the value and were willing to pay for it.

nowadays, mba from insead, iese, lbs is good. you pay. you get back a lot.

mba from aloevera business school.... that is bad.

so, you both are right. somehow.


if i have money, mba in good school.

money in bad mba, better macdonalds franchise.

[Super Grover]

nowadays, mba from insead, iese, lbs is good. you pay. you get back a lot.

mba from aloevera business school.... that is bad.

so, you both are right. somehow.


if i have money, mba in good school.

money in bad mba, better macdonalds franchise.

a McD franchise is impossible in Japan, but elsewhere, maybe. do you have 2 million or more? better to be a franchisor than a franchisee

[japanesepeso]

I wonder Capn Harry... Do you even know what MBA stands for?

[aloevera]

a McD franchise is impossible in Japan, but elsewhere, maybe. do you have 2 million or more? better to be a franchisor than a franchisee

yep. no , no 2 million.


uhm. own business seems to be an option. but time investment and psycological is huge.

[CapnHarry]

As I said above – benefits that I enjoyed included:

- A quadrupling of income upon completion of the program
- Greater opportunities presented to me
- Knowledge, skills, techniques learned that are used in business and which I subsequently used
- Meeting and getting to know professionals in other industries and firms
- Intellectual stimulation

These benefits are not just in my head, but they were also in the heads of my hiring managers – who recognized the value and were willing to pay for it.

IT WAS 19 80 FU**ING THREE!!!! MBAS ACTUALLY MEANT SOMETHING THEN.

NOT SO NOW! THEY AREN'T WORTH TOILET PAPER - GOOD SCHOOL OR NOT! THEY ARE LITERALLY BEING SHOWERED UPON THE MASSES AND ANYONE WITH A PULSE! THERE IS PRACTICALLY **NO** BARRIER TO ENTRY!

GET THAT INTO YOUR HEAD!

Also, whether you had an MBA or not back then, you had the skills and gumption to do stuff! That had nothing to do with the MBA!

[TJrandom]

IT WAS 19 80 FU**ING THREE!!!! MBAS ACTUALLY MEANT SOMETHING THEN.

NOT SO NOW! THEY AREN'T WORTH TOILET PAPER - GOOD SCHOOL OR NOT! THEY ARE LITERALLY BEING SHOWERED UPON THE MASSES AND ANYONE WITH A PULSE! THERE IS PRACTICALLY **NO** BARRIER TO ENTRY!

GET THAT INTO YOUR HEAD!

Also, whether you had an MBA or not back then, you had the skills and gumption to do stuff! That had nothing to do with the MBA!

OK, you win - please don't blow a fuse with your all-caps.

[japanesepeso]

I wonder Capn Harry... Do you even know what MBA stands for?

Just askin'

[CapnHarry]

The cost of college has gone up 483% since 1983, when that MBA guy here graduated.

The prospects of MBA graduates, and their rarity and usefulness has gone down probably more than that amount in that time.

If you are going to be successful with your hard work ethic, ability to learn, and energy, having a piece of paper is not going to help you. If anything, it will hinder you. If someone above you says you need that piece of paper, don't listen to them - they are part of the bubble. There are plenty of people like Gates, Zuckerberg who will listen to you instead.

Work on a business, a business idea and put it into practice. Then name your price. College is a f***ing scam, with few exceptions, that's all I can conclude.

[CapnHarry]

Just askin'

Your

MOTHER'S
BALLS
ACHE?

[japanesepeso]

No, that's incorrect.

[aloevera]

The cost of college has gone up 483% since 1983, when that MBA guy here graduated.

The prospects of MBA graduates, and their rarity and usefulness has gone down probably more than that amount in that time.

If you are going to be successful with your hard work ethic, ability to learn, and energy, having a piece of paper is not going to help you. If anything, it will hinder you. If someone above you says you need that piece of paper, don't listen to them - they are part of the bubble. There are plenty of people like Gates, Zuckerberg who will listen to you instead.

Work on a business, a business idea and put it into practice. Then name your price. College is a f***ing scam, with few exceptions, that's all I can conclude.

if your assumption right, college is scam, then you must give credit to those who create school, make mba and get the money at the end from students.

[CapnHarry]

if your assumption right, college is scam, then you must give credit to those who create school, make mba and get the money at the end from students.

Correct. But in this documentary http://mba-underground.686460.n3.nab...45p779845.html the college founders had no degree. So in other words, you dont need a degree to scam parents who have degrees out of hundreds of millions of dollars to give kids degrees they dont need to make the careers or money earning potential that's *falsely" sold to them.

[aloevera]

Correct. But in this documentary http://mba-underground.686460.n3.nab...45p779845.html the college founders had no degree. So in other words, you dont need a degree to scam parents who have degrees out of hundreds of millions of dollars to give kids degrees they dont need to make the careers or money earning potential that's *falsely" sold to them.

of course.
so what?

that is whole point. so what?

is it a scam?

so what?

[CapnHarry]

AV is obviously a college graduate.

Great comprehension skills there dude.

[johnny_doodads]

I used to think college was a sham, but the truth is at worst its a silly gauntlet you run through and as a reward you get a piece of paper that's a key which if used properly qualifies you for competitive jobs.

Phase 1 of the competition involves getting into a school that makes people think you're a big deal when you graduate from it.
If you can't afford or get into the best school possible you settle for first, second, third and work your way down to #1000, which includes the crank schools that'll at least give you the paper you need to get a job at a company that doesn't really care, needs to say their staff "has a degree" and is willing to accept warm bodies. - - Phase 2 is simply getting out with the best degree you can and using the time you were given off from the "real world" to also gain career experience, network and make connections... for example, internships etc. as well as refining your sexual skills (pick-ups, endurance, not vomiting on partners after too much tequila, etc.)

Some degree programs can be very practical... others are just paper... but its how you use the paper.

Ironically, some of the dumbest people I've ever met in my life were KEIYO grads... Many Waseda and Todai students seem genuinely smart, but I can swear some KEIYO grads seem to have serious deficits in social and critical thinking skills... but obviously there must be some set of cognitive skills that got them into that college, pulled them through (easier than getting in supposedly) and now as a result makes them desirable "meat" to recruit so your company can brag about having students who went to that school.

I really wish I understood the "gauntlet" concept when I was a teenager... if I did,I wouldn't have been so idealistic and spent so much time cutting classes and dropping in and out of school on grounds that there was more learning to do in the real world... Maybe its true, and I've had more life experience and adventure than the students who graduated at the top of the class and went to the best schools... but the truth is, that piece of paper means a lot, even if all you did for the 4 years of the program was sit around, fart, get drunk and take meaningless classes.

[johnny_doodads]

if your assumption right, college is scam, then you must give credit to those who create school, make mba and get the money at the end from students.

I had an uncle who ran a very famous "business vocational school" in Philly... They got caught into some financial aid scam... wound up on the news with some investigative reporter tailing him around and the hand held up pushing the mic away from the side of his head. - - Though he made his family even richer than it was before they bought the school from its previous owner, its interesting that his father's business was... (long drum roll) slum lord...

There are some really good online and low residency programs these days, like TESC, Excelsior, Goddard, Evergreen... Some of them are barely $5,000 a year in tuition... but then there are outright unaccredited diploma mills that sell degrees at like $700 or more per credit... and $10s of thousands for the program. - - I think they appeal to greed and laziness. Option A - - Work your butt off for 2-5 years and get a real degree. Option B - - Do it instantly and online in as little as 5 or 6 months whether or not its accredited... but the catch is that if you're working a manual labor job that barely pays minimal wage, half way intelligent and see no future, you've got predatory loan schemes and voc-tech and crank universities right up on your *ss knowing how desperate you are to get the next buck and find some easy way out of the situation... and its a win/win situation in some cases...
I mean, years ago going from NO SKILLS PERIOD to being able to fix a car or a TV was worth the money... now, though they're real slick... They develop some "course" on line and sell you a piece of paper for $10s of thousands of dollars for taking it... and the truth is, most the knowledge you can get at ANY school is available at your local library... shi-eeeet, even on WIKIPEDIA.

Life's tough... ain't it???

[black lightning]

Well darn.

[CapnHarry]

but the catch is that if you're working a manual labor job that barely pays minimal wage, half way intelligent and see no future, you've got predatory loan schemes and voc-tech and crank universities right up on your *ss knowing how desperate you are to get the next buck and find some easy way out of the situation... and its a win/win situation in some cases...
I mean, years ago going from NO SKILLS PERIOD to being able to fix a car or a TV was worth the money... now, though they're real slick... They develop some "course" on line and sell you a piece of paper for $10s of thousands of dollars for taking it... and the truth is, most the knowledge you can get at ANY school is available at your local library... shi-eeeet, even on WIKIPEDIA.

Life's tough... ain't it???

Exactly, half of the information you can learn at college, actually more like 90 percent is available at Wikipedia, and about 100 percent of it is available at free city and university libraries. The only reason you need go to college, unless you really wanna burn 200K to become a philosophy grad to impress people at parties, is to do something where the degree is a pre requisite for a profession ie architect, dentist, doctor, counselor, engineer, physiotherapist etc.

But dont let these words of wisdom stop anyone - heck, if you know someone - TELL EM TO GET DOWN TO COLLEGE FOR A LIBERAL ARTS DEGREE LACED WITH A MAJOR IN BEETLE COLLECTIN' AND LOMO PHOTOGRAPHY. DO NOT SPEND LESS THAN 100 K.

JUST IMAGINE THE CAREEEEEEERS!

[CapnHarry]

I mean, years ago going from NO SKILLS PERIOD to being able to fix a car or a TV was worth the money... now, though they're real slick... They develop some "course" on line and sell you a piece of paper for $10s of thousands of dollars for taking it... and the truth is, most the knowledge you can get at ANY school is available at your local library... shi-eeeet, even on WIKIPEDIA.

Life's tough... ain't it???

You are EXACTLY RIGHT!

[Firehawk13]

Addressing the topic title, attending a university and getting a degree is no sham. People get an education because it allows them to perform specific jobs better than someone who is untrained. Such as the engineers, doctors, or lawyers mentioned.

A person who goes to college usually earns more than a person who doesn't. This information is based on the U.S. Census Bureau's 2007 median earnings for full-time workers at least 25 years old. Annual earnings, based on degree, are: high school diploma, $32,500; associate's degree, $42,000; bachelor's degree, $53,000; master's degree, $63,000; and professional degrees, $100,000+.