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Business Degrees at University

Discussion in 'BlackHat Lounge' started by lanbo, May 16, 2012.

  1. lanbo

    lanbo Jr. VIP Jr. VIP Premium Member

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    If the professors are actually good at business, why the fuck are they teaching it in university as a course?
    A good businessman would never reveal their secrets/methods.

    What are your thoughts?
     
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  2. jayjaymoney

    jayjaymoney Junior Member

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    I would teach, but not to share my methods. I would teach to:

    1. Recruit
    2. Sell my textbooks (a.k.a. mandatatory "ebooks")
    3. Sell other stuff to my students
    4. Extra Income from Salary
     
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  3. kalatopi

    kalatopi Newbie

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    The lecturers are good at their own subjects, not in all the subjects that a student has to undertake. Someone who is great at Finance could have gone down the path of being a CFO in real life; someone good at Marketing could be a CMO; etc but not everyone succeeds in business in the long haul.

    Some of these academics actually enjoy the lifestyle -- long vacations, secure jobs if they get tenure, not needing to comb hair or manage facial hair, keeping up with fashion etc. They have to keep publishing research papers, attend conferences etc. Could be attractive to some.

    And if every business academic resigned and set up a business, there would be no qualified people to run the business in a few years. :D
     
  4. bouquet

    bouquet Regular Member

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    Those who can -- do. Those who can't -- teach - [FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]H. L. Mencken[/FONT]
     
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  5. Jacal

    Jacal Newbie

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    Bouquet above pretty much summed up the short version.

    I left university after six months years ago with the exact same line of thinking. I was young and eager then and preferred to learn about these things in the real world. College/university courses are normally 'crowd sourced' in the old-fashioned sense, where certain modules or even specific lectures are created by experts that are busy implementing their knowledge. Tutors and teachers are then tasked with delivering the mutually agreed syllabus. They need to have an above average knowledge in their field to truly understand what they are teaching and to answer questions that the course materials do not account for, but they do not necessarily need to be the kind of top class business person that runs an immensely profitable company or is a C-level executive at a multinational.

    People who are leaders in their field generally devote a little time to assisting in creating the materials, while actual tutors are not leaders, they are more facilitators. Not every P.E. teacher needs to have played for Manchester United, in the same way that not every business teacher needs to have made it to the top, thrown it all in and decided that educating others was their calling in life.

    Of course, as Kalatopi points out, being a truly high class tutor/lecturer/professor will gain acknowledgement as such, and the perks that go with such positions can be comparable to high level management in business - it all depends whether you want to drive a successful company or inspire others with the fundamentals that will give them a good basic knowledge on which to build their own business aspirations. There will always be the best, the likes of whom teach at Harvard or wherever, but to satisfy demand, there will always need to be the average teacher with something of a business brain who knows enough to teach without the X factor that is needed to actually do.
     
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  6. Orbit143

    Orbit143 Senior Member

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    Another option - guilty conscience. The guy isd doing something immoral/illegal in bussines and making money from it, then the feel guilty and wants to "give back to society" by teaching something maybe even valuable to college students, for poor teacher salary.
     
  7. lanbo

    lanbo Jr. VIP Jr. VIP Premium Member

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    Thanks for the response - how long did you stay in there for?
     
  8. TheArticleMan

    TheArticleMan Power Member

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    Business THEORY and business PRACTICAL are very different IMO.

    Some people might be able to teach and understand business theory very well but not have the skills to put it into practise in the real business world to become successful.

    Others may do it for a lifestyle choice, heck university lecturers have A LOT of free time. I can't say I wouldn't mind. Also some lecturers from my uni actually run businesses alongside teaching.

    It's all about personal preference IMO, and really who are we to judge.
     
  9. Jacal

    Jacal Newbie

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    I stayed for the first two terms, around six months or so. The problem was I chose business and marketing because I wanted something to do with those subjects, but I wasn't sure what. I'd originally applied for an e-marketing degree; it was the only course of its type in the country and was right up my street as I'd been doing amateurish IM for two years by the time I was ready. Unfortunately, the course never went ahead due to low interest and I was left on the last day of applications to make a snap decision (the grades required for the course now have gone up substantially due to over-subscription). It didn't work out at the time but I don't regret it, I learned a lot in the time I would have been at university and think I might now do a course from home just to fill in the gap on my CV.

    And going back to your original point, as amateurish as my IM knowledge was, I can almost guarantee that I knew more than the lecturers in that respect, the internet wasn't even part of any module. Needless to say e-commerce must have prompted some pretty rapid syllabus modifications!
     
  10. shariqcomp6

    shariqcomp6 BANNED BANNED

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    i know a professor who charges the university atleast 500$ per hour of his service...he is CEO of a couple of services
     
  11. jinsandy

    jinsandy Regular Member

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    giving back to the community. why do people post their money making formula's here? (minus the aff codes and product placements)
     
  12. drey2k

    drey2k Power Member

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    Professors in University do not teach 'business', they just teach the THEORY of their particular subjects (accounting, finance, marketing, law, economics, communications, etc).

    Basically everything you learn in University cannot be applied in the real world because you are just learning theory.

    Source: I went to a top business school in Canada.
     
  13. Roparadise

    Roparadise BANNED BANNED

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    Accounting isn't theory as well as maths.
     
  14. illfounded21

    illfounded21 Senior Member

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    I'm currently studying at Masters level at one of the 'top' Business Schools in the UK, so what I say stems from my experience.

    As others have mentioned, there is a distinct difference between practical expertise and theory. For some lectures and teachers would not survive in the 'business' world, they prefer the theoretical / academic stance.

    However, I disagree with what others have said - as some of my teachers have been big players in the business world. They have been there and done it, be it in finance or that of marketing for example; they have carved out a lucrative and highly successful career in the real world, and have susbquently got to that stage in their life and career where they want to teach, enjoying a different lifestyle.

    Everyone is different, and to create broad assumptions and brackets would be a mistake. Yes, certain teachers aren't 'real world' material, but others definitely are - as their careers pay testament to this.
     
  15. Patel

    Patel Senior Member

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    One of my economics professors wrote his own textbook for the class. And it is required for his students to purchase it. 300 students per class, teaching 3 classes a day.

    $120/textbook.
     
  16. pxoxrxn

    pxoxrxn Supreme Member

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    Lecturing or tutoring at university is a far better job than running a company. Its less stress and pretty good pay. They don't reveal their secrets, a business degree is broken up into different section, economics + Law & Ethic + 20 other classes. These are no secrets, they are principals that every economists, lawyer knows. It is not a step by step guide to make millions, you still need innovation, which cannot be learned.

    Post above: My Law & Ethics lecturer edited out text book, $90 a piece for 300 students. Nice profit on top of your salary for being course coordinator.
     
  17. illfounded21

    illfounded21 Senior Member

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    Yeah, but he would get very little of that $120. We had exactly the same situation in one of my modules, and the professor only took about 12p of royalty's from a book that cost £30.