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Stanford MBA vs Berkeley Financial Engineering
- Thread starter StocksSniper
- Start date
I agree with the earlier poster that pointed out the opportunity cost of education, it is something that you need to think very, very carefully about.
I'm slowly nearing completion of my bachelor's degree, I'm fortunate enough to have an excellent job right now, and my future job prospects look good once the degree is done, but I sure have given up a pretty good chunk of change that I could have been making...
As another example, I may someday need to do an MBA, but I'm unlikely to do it unless I find a company that will pay for it. I want to get out there, start making more serious money, grow my net worth, and start seriously pursuing trading.
I'm slowly nearing completion of my bachelor's degree, I'm fortunate enough to have an excellent job right now, and my future job prospects look good once the degree is done, but I sure have given up a pretty good chunk of change that I could have been making...
As another example, I may someday need to do an MBA, but I'm unlikely to do it unless I find a company that will pay for it. I want to get out there, start making more serious money, grow my net worth, and start seriously pursuing trading.
Quote from Chagi:
I agree with the earlier poster that pointed out the opportunity cost of education, it is something that you need to think very, very carefully about.
I'm slowly nearing completion of my bachelor's degree, I'm fortunate enough to have an excellent job right now, and my future job prospects look good once the degree is done, but I sure have given up a pretty good chunk of change that I could have been making...
As another example, I may someday need to do an MBA, but I'm unlikely to do it unless I find a company that will pay for it. I want to get out there, start making more serious money, grow my net worth, and start seriously pursuing trading.
there is little opportunity cost to higher education. unless you are 40 and have a family.
dude, what do you mean you have given up a good chunk of change by getting your bachelors? you have given up nothing. you have gained so much. do you really want to spend the rest of your life fighting against the negative connotation of a college dropout? your level is already above most of the posters here. i hope you realize that.
in anycase, the original poster asked if mba or mfe. i would say mba because it is more mainstream. any mom or pop would know what an mba is. but for peolple in the know, and mfe is more quant and if you want to go that route, the berkeley one is one of the best mfe programs.
Quote from Apex Capital:
CAL is a great school.
And the new Haas Business facility is state of the art, with gorgeous views and architecture . . . However, I have no idea on how valuable the MFE program is. Do your own due-diligence.
By the way, applications for the 2006-2007 year are now closed.
Applications for the 2007-2008 year will open today, 12/15.
http://www.haas.berkeley.edu/MFE/
the program is one of the best. a mfe grad gets paid like a ph.d quant when graduating. good stuff. my college friend was in the program. he liked it a lot.
Quote from ssternlight:
Enough for me,
The thread was initially about a comparision of the MBA and the MFE from two schools. It turned into a discussion on the value of the MBA and has degenerated from there. No one supported the MFE though!
sorry to steer the thread of topic. jsut that i couldn't stand a fucking poser who is obviously ignorant of what he was talking about. and further, advising you against education...... that just pisses me off.
mfe - if you want to become a quant.
mba - for everything else
Quote from nicholaf:
sorry to steer the thread of topic. jsut that i couldn't stand a fucking poser who is obviously ignorant of what he was talking about. and further, advising you against education...... that just pisses me off.
mfe - if you want to become a quant.
mba - for everything else
Or you could listen to this guy who, in light of not really having any argument, thinks that derogatory language will somehow bolster his vacuous argument.
I did'nt say education was worthless .... what I said is that it does not require that you pay someone half a million dollars in direct and opportunity costs. The original question was whether its was a good idea to quit a 100K plus job to go to graduate school at an expensive school where you foot the bill directly. My repsonse stands: It matters not where you go and it matters much more whether you will make that money back.
If you have no career and excess time and money to burn - no company is willing to foot the bill - then pay that 300-400K.
Dont fall in love with the idea of having a Stanford or Harvard MBA ... at the end of the day nobody is going to throw you money or jobs because of it ... and you can be better than any grad of these programs without incorring the fee. .....
Quote from nicholaf:
there is little opportunity cost to higher education. unless you are 40 and have a family.
....
False. Put 100K into a startup company and make it work over 2-3 years time and in a few years you could be well off if you know what you are doing...... If you cant do this or dont have a clue how to do this you can either go into debt or spend a lot of cash onm an MBA or study on your own for a year - even easier if you dont have a family .....
Quote from andysmith:
I suppose you think one goes to Stanford GSB because the education is better than other schools... Please post your trades so I can fade them.
No argument means post a silly attack. I think the level of your post is a good indicator of the quality of your on the job output.