Go for an MBA with any of the top 10 schools and possibly include Darden, Fuqua, etc.
The deal with people saying an MBA is useless comes from a few things:
1) Successful businessman / trader that was spurned by the schools and basically are stuck in a mindset that I have accomplished what I needed without an MBA
2) A trader that probably makes 60k a year and thinks he's far better off than having an 8-5 job with an MBA degree
What an MBA degree from a top school provides you with is a LARGE LARGE safety net. You are automatically the cream of the crop in the job market. You're almost guaranteed AT LEAST a good income (120k+) for the rest of your life. I would say about 90% of people I know (friends and acquaintances) that graduated from U of Chicago GSB, Northwestern, Wharton, Darden, etc have jobs that pay them upwards of 150k.
They probably won't make it as big as a successful entrepreneur would or a successful trader would, but they dont make as much as Kobe Bryant either. That doesn't mean you should tell your kids to forget about school and just concentrate on playing basketball.
The bottom line is, probability-wise, the chances of you getting paid the big bucks is much higher with an MBA from a top school than you would trading or starting your own business.
Of course, the crux of the matter is getting into a top school in the first place. Volunteering with organizations like Habitat for Humanity, Americorp, peace corp, etc... will help immensely with your application if you don't have a good GPA.
The deal with people saying an MBA is useless comes from a few things:
1) Successful businessman / trader that was spurned by the schools and basically are stuck in a mindset that I have accomplished what I needed without an MBA
2) A trader that probably makes 60k a year and thinks he's far better off than having an 8-5 job with an MBA degree
What an MBA degree from a top school provides you with is a LARGE LARGE safety net. You are automatically the cream of the crop in the job market. You're almost guaranteed AT LEAST a good income (120k+) for the rest of your life. I would say about 90% of people I know (friends and acquaintances) that graduated from U of Chicago GSB, Northwestern, Wharton, Darden, etc have jobs that pay them upwards of 150k.
They probably won't make it as big as a successful entrepreneur would or a successful trader would, but they dont make as much as Kobe Bryant either. That doesn't mean you should tell your kids to forget about school and just concentrate on playing basketball.
The bottom line is, probability-wise, the chances of you getting paid the big bucks is much higher with an MBA from a top school than you would trading or starting your own business.
Of course, the crux of the matter is getting into a top school in the first place. Volunteering with organizations like Habitat for Humanity, Americorp, peace corp, etc... will help immensely with your application if you don't have a good GPA.
