You're right I think I'm going about this all wrong...I should probably be making my educational decisions based off of fedex commercials...Scooter70 said:There was a guy in my MPD (Masters in Product Develpment) class who got his MBA at U of M.
Ever see the FedEx commercial where the "new guy" in the office has to ship a bunch of packages so the lady starts explaining how to use fedex.com?
New guy: "I know how to do it... I have an MBA."
Lady: "Oh... you have an MBA? Then I'm going to have to show you this step by step."
Sorry... An MBA isn't what it used to be.
In that case work for you self you'll never be a millionaire by 35 working for someone elseLTLHOMER said:You're right I think I'm going about this all wrong...I should probably be making my educational decisions based off of fedex commercials...
What was the guy's undergrad? I have been reading up and engineers with mba's can go a LONG way and make huge $$$ which is pretty much my only goal...:icon_mrgr I want to be a millionaire by age 35.
I'm sure an MBA would help me whether it was with my own company or someone else's...35 isn't too much of a stretch if you keep advancing positions every 3-4 years or so and make good financial decisions. I have zero debt and a pretty good starting job next step will be moving up through the engineer ranks while I get my MBA and then it will be on to the brass. I'm only 21 now and graduate this fall.L98Terror said:In that case work for you self you'll never be a millionaire by 35 working for someone else
LTLHOMER said:You're right I think I'm going about this all wrong...I should probably be making my educational decisions based off of fedex commercials...
What was the guy's undergrad? I have been reading up and engineers with mba's can go a LONG way and make huge $$$ which is pretty much my only goal...:icon_mrgr I want to be a millionaire by age 35.
I want to stay away from being an engineer my whole life, that's the point of getting the MBA. Gets rid of the ceiling that engineers usually run into once they get a little ways into the 6 figures.Scooter70 said:BSME... Same as yours. :finger: Now he has 2 Masters degrees and still works for the Man at Ford. Ken has it right. If you want to be rich, don't work for anybody but yourself. Be an entrepreneur, not an engineer. Engineering doesn't pay shit, especially when you work for someone else.
I am not either...and I have talked with others and this is why I do not want to get stuck in the same boat that a lot of others have gotten stuck in by choice or by circumstance...some people can be happy working at burger king doing the same thing for a long time not making millions, but I'm not one of those people.Scooter70 said:Homer - I'm not trying to be an asshole. It's just that I'm about 10 years ahead of you and have seen a few things in "engineering" around here.
Scooter70 said:BSME... Same as yours. :finger: Now he has 2 Masters degrees and still works for the Man at Ford. Ken has it right. If you want to be rich, don't work for anybody but yourself. Be an entrepreneur, not an engineer. Engineering doesn't pay shit, especially when you work for someone else.
Yeh I plan on doing my FE tests when I graduate (I think they only give them twice a year) and then after the two years I will go for my P.E. as well...I think earnings in any profession are far more often limited by the employees own work ethic rather than lack of oppurtunity. Not to say anyone in this thread doesn't work hard, but in general I believe it holds some water.95 Z/28 LT1 said:Sorry, but this is just straight bull shit. Engineers can make a lot of money depending on where you work and for how long.
Six figure income can easily be had about 5-6 years out of college if you're motivated and like to work, even more so if you become a P.E.
L98Terror said:In that case work for you self you'll never be a millionaire by 35 working for someone else
2001-WS6 said:The difference between being an engineer without and MBA and being an engineer with an MBA is most often found in your title. You could one day be the Director of Engineering or you migh end up the President of the company. It's that simple.
Is the degree watered down simply by the number of work and go to school programs??? Perhaps a bit but they are still going to use it as bare mininum requirements when screen resumes at some places. So if you can get some one to pay for it, do it while your young, because it's going to suck when you have a family and pets later in life hahahaha.
Now the night program at U of M was pretty solid back in the late 80s when I used to tutor and proctor exams for the accounting classes. At that point it was tailored for working executives from the big buisness in the area that had "stars" that couldn't leave the office to get the degree. It's been expanded along with the expansions at Dearborn and Flint these days because of the competitive nature of getting and MBA. They typically use long classes with less vists during the week and allow some classes to be picked up at Dearborn or Flint sometimes.
Ohh by the way, I still have a key to the B-school if you need one, but I'm sure the locks to Danos's and Patton's offices have been changed since the last visit.
Rick
Scooter70 said:Sorry... An MBA isn't what it used to be.
Not necessarily. The vast majority of the 234 U.S. billionaires whose education level is tracked by Forbes magazine through 1999 finished college; 100 have some form of advanced degree, but 41--that's 18%--never got their college diplomas and two never even finished high school.
Sure, college may help push a career along by giving billionaires-to-be some social poise and polish. And advanced degrees, especially M.B.A.s and J.D.s, can be invaluable in terms of old-school-tie contacts. Technical skills that come from pursuing, say, a computer science or engineering degree certainly insure grads a good salary and standard of living. But if the goal is to become rich, years of formal education may simply be a waste of time.
This is still true even in the age of Internet moguls. For every Jerry Yang, who dropped out of a Ph.D. program at Stanford University and now has net worth of $5.7 billion, there is a Larry Ellison, who dropped out of the University of Illinois and is now worth $47 billion. In fact, the average net worth of billionaires who dropped out of college, $9.4 billion, is more than double that of billionaires with Ph.D.s, $3.2 billion. Even if you factor out the world's richest man, Bill Gates, who left Harvard University and is now worth $60 billion, college dropouts are worth $5.3 billion on average, as compared to those who finished only bachelor's degrees, who are worth $2.9 billion. And what is true for billionaires holds equally for the garden-variety rich: According to a recent report from Cambridge, Mass.-based Forrester Reaseach, a full 20% of America's millionaires never even set foot in college.
Thanks Rick I owe ya!2001-WS6 said:They've got some big development jobs still going over there. So they are hiring still. I'll pester the HR girls again to see who is handling the college grad recruiting these days.
Rick