I can understand why you would not go back. I hated picking up the phone after releasing software into production that was used by the bankers and others on the trading desks. When something went wrong, I knew that when I picked up that phone I was in for a grilling. So I can fully understand.
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Value of an advanced business degree (MBA, MSF) going forward
- Thread starter milktruck
- Start date
I can understand why you would not go back. I hated picking up the phone after releasing software into production that was used by the bankers and others on the trading desks. When something went wrong, I knew that when I picked up that phone I was in for a grilling. So I can fully understand.
Quote from milktruck:
haha, funny you guys mention, I was working on a trading desk. Long story.
I wouldnt go back, Id rather trade for myself for so many reasons.
Im thinking Id rather be a carpenter or something in my spare time and take the MSF for shits and giggles later on. Any trades pay well? I met an electrician with 20 years experience who cant get hired right now.
Ask those trade workers how they like their jobs and if they had a chance to go back and do things over, would they? I'd bet 9 out of 10 each one would say they wished they did better in school to avoid being where they are today. Those are shit jobs. Nobody really wants to be a plumber or a floor or sheetrock installer.
Quote from milktruck:
I would like to get an MBA, I find the material interesting. Id like even more to get a MSF (Masters of science in Finance), cause it cuts out some of the MBA crap I wouldnt really enjoy, and its just 1 year. I trade profitably but I dont come near supporting myself from it just yet.
But then I consider the layoffs in these sectors (Im one myself), and the future of the industry and the future of compensation in this industry, and it really doesnt seem very bright to lay down $30-$150k for an advanced degree. Maybe Ill just knock out a CFA, much cheaper at least.
I almost feel like trading Europe at night and working construction, Office Space style. Im doing some manual labor community service for a legal infraction last year, its not that bad but I could handle it if I had to haha.
Seriously everyone already seemed to have an MBA 2 years ago. Now its gonna be out of hand. You guys think the value of these degrees is going to take at very least a huge short term hit? Any thoughts on the long term?
Financial stocks were at an inflated % of the market before supposedly, this is going to be an even more overcrowded space employment wise if this sector finds its equilibrium point lower than it was (though hopefully higher than it is haha).
Also, on a side note, anybody know about this MSF thing? I think it would be really interesting but pigeon hole me into finance, which I enjoy but I dont want to pay for grad school and have crap job prospects and a half assed mba.
Chicago Booth is worth the time and money...if you can get in.