My Master's Wasn't Worth It

Discussion in 'BlackHat Lounge' started by fuzzy_corleone, Feb 5, 2013.

  1. fuzzy_corleone

    fuzzy_corleone Regular Member

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  2. Duffers5000

    Duffers5000 Elite Member

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    Depends on the degree and what you plan to do with it. If you already have a law degree for example and are working in law, then taking on a masters in International law will add more options to your career.

    Hardest hit is MBA degrees. Too many colleges offered the course and too many people thought "this is a gold standard degree thats guaranteed to keep me desireable in the job market" Unfortunately an MBA is not really a business degree its a degree that looks at the science of scaling big companies. An MBA is useful if you are going to be the production line manager of a large plant, less so in normal business. Any degree will help you but I wouldnt plan on getting into debt and spending 15+ hours a week studying unless I had a very focused plan.
     
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  3. fuzzy_corleone

    fuzzy_corleone Regular Member

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    I'm actually seriously considering going back to school to get my MBA but the masters in finance seems better. Ideally I'd like to get into banking.
     
  4. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Do you have any plan on how you 're going to land a job or you 're just playing dices here?
     
  5. jammie

    jammie Power Member

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    ...the PhD graduate situation is even worse. Most end up taking standard Graduate jobs here in the UK.

    If you go to the right university, have the right contacts and you can make yourself appear to be the right candidate for someone ... you'll get jobs. I currently get offered 3-5 jobs a year without approaching anyone purely due to people appreciating my existing work. I don't take any of the offers though.

    Stick to applied and pure sciences, set up your own business and make sure you go to a decent institution. Done.
     
  6. ukraider

    ukraider Newbie

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    Depends on the University or Business School you go to. My University has a pretty decent Business School and is in the top in Europe for certain Masters Programs, basically everyone on the Masters programs which we are ranked highly for get a job out of it in the end.

    However, the MBA has become the most over subscribed degree in the world and people are popping out of awful Universities in the UK with MBA's which have really started to devalue the degree. Both my parents have MBA's from 20-30 years ago and then have been very successful and both earn salaries in the UK's top tax bracket. But the value of an MBA has changed a lot in the time since they completed theirs and personally I wouldn't do one.
     
  7. Cratos

    Cratos Jr. VIP Jr. VIP Premium Member

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    'Education' is a joke now a days. I hate school because of all of the time and money it sucks out of you. I'm in school and during class I'm like dam I rather be doing IM.

    the only thing that interferes with my learning is my education, as Einstein once said.
     
  8. bust-in

    bust-in Registered Member

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    A big part of school is networking with classmates, they can become useful connections in the future since they will most likely be working in the same field. Also, this article seems to be talking about career-students, people who continue to go to school for different things and rack up debt all in the search for a job. I would say if you can get an education with very little debt either through a scholarship or your parents school is definitely worth it. Trade school is the best investment as fewer and fewer people want to be plumbers/electricians/carpenters etc. but I'm guessing all of you don't like working with your hands if your on an internet marketing forum lol.
     
  9. BreakAllTheClocks

    BreakAllTheClocks Regular Member

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    Looks like a bunch of 3rd-tier schools and worthless degrees.

    In fact 3 of those listed: counseling, education and social work are among the 5 lowest paying Master's degrees.


     
  10. Duffers5000

    Duffers5000 Elite Member

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    I am on my 5th module of an MBA. I have put it on hold but could complete it in a year. In my case I am self employed and education is just to push myself and learn new things, so I wasnt really looking for career prospects.

    As it happens I have gotten into computer science and programming and I am enjoying spending more time on that.

    I would recommend doing even a 6 month course just to get you back into academia, and after that you will have a better Idea of what you want to do. The MBA its not a bad thing, it might help you get a job but the days when it added an instant 50K a year to your salary are gone.
     
  11. s0ap

    s0ap Executive VIP Jr. VIP Premium Member

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    An MBA or Master's degree in social sicences, psychology, etc. is not going to be that employable, especially walking in cold off the street with no experience. I know a bunch of people with Master's in electrical engineering and they turn 90k+ pretty easy in an area where cost of living is around 30k/year. I also know a few kids that got hired on with Bachelor's degrees in EE at ~65k with a contracted raise to 85k within twelve months.

    I don't necessarily think that an MBA is a horrible choice or a waste of money, but if you want to be a professional in an area that is centered around social interaction the onus is on you to be proactive with regard to your future and your career. This applies to all higher education but moreso in a job that lacks a tangible physical output to be measured by. Start securing those internships and building your resume as soon as possible.
     
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  12. davidzweber9

    davidzweber9 Junior Member

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    Has anyone heard anything good or bad about the Full Sail IM degree?

    We called them 'Full Jail' for the music industry course they offered. To get anywhere in entertainment you need contacts. I have spent 20 years meeting people & that has helped. No degree, so I'm thinking of taking their IM Ba course to get some crap job while I build my online business.
     
  13. illfounded21

    illfounded21 Senior Member

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    It all depends on your plan, the degree and who you are.

    When I completed (actually during) my MSc I instantly got offered an incredibly sought-after job. I am 99% sure I would not have been able to secure this job without the A) 'MSc Degree' title on my CV B) Knowledge gained from it in my specific field on business.

    Speaking from personal experience and those of my peers, a MSc nowadays just helps to separate you out from the rest of the competitive graduate pack that are desperately seeking jobs in every conceivable job sector.

    For me, it was a game-changer.
     
  14. scallen37

    scallen37 Junior Member

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    A lot of people get Masters because they go out into the job market after they get their 4 year degree and when they don't get a job within the first year or two, they go back to their college and say "Hey, what the fuck happened here? Why don't I have a job" so the counselors look you in the eye and say "Hey, its a tough economy, if you want one of those jobs, you have to come back and get your Masters."

    Then they go back, and of course, don't get a job because now they are 30 years old and don't have any actual job history or related experience.

    You can't make it in the job market if you aren't smart enough to make it without being in the job market.

    For example: I'm getting my Masters right now, have a couple semesters left. I put on my resumes that I'm currently obtaining it. Sent it out, no real response. Most of my job offers were for $32k a year jobs in sales with companies with horrible turn over rate. The bigger and better jobs weren't calling. I eventually started calling them and requested someone in HR go over my resume with me so that I have a higher chance at success for future positions. It was said that I wasn't chosen for an interview because of my lack of employment - although I was in school. When I mentioned "I was getting my degree, and hey, I created a business that nets $360,000 after taxes each year, with just $500." This changed the tune of things and I was hired for an Operations Management position within a week after one of the conversations. The current Operations Manager was told he was being moved up. Day I started, was the day he was fired and I took over his job. I did this for about 2 months before decided that going to work as a return on my investment of time wasn't worth it. I was getting a salary of $44,000 a year to make a steel service company $27,000,0000 a year.

    Also, the U.S. job market is 10 times shittier than what the media would suggest. This is one of the only things the media actually down plays. I was in China, couldn't speak a word of Mandarin, offered a job paying $80,000 USD within my first week of being there as a project manager for a video game company. Then I was offered a job in eCommerce, I was even offered a job as a Sales Coordinator for a company based and head quartered in my hometown of Muscatine, Iowa with a branch in Shanghai where I was I turned down for an entry level sales position.
     
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  15. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Some of them have already done the 1 degree and not gotten a job from it, but still want to go back and get into more debt for another degree, thinking that will help them.

    Jesus.


     
  16. lizmoz

    lizmoz Power Member

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    I can't believe these threads always appear here every now and then. Education is not only for landing a job people! Broad knowledge of things and the contacts you have (hopefully) from your time in college/uni/wherever are pure GOLD!

    If you pursue money only, yeah, school is not a necessity, that's true.
     
  17. charles457

    charles457 Junior Member

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    I got Bachelor Degree and stayed online to make a living and now im balling out if its about a certain job with a degree I gave that up and said all I need is the money and thats all I focus on
     
  18. mikeydell

    mikeydell Senior Member

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    Things are getting tough all over. My brother has a masters in civil engineering and can't buy a job. He get's the same line of shit as alot of others do "overqualified" I don't know how others run their business, but me... I'm looking for the best! I'm not sure their is a such thing as "overqualified" Only companies looking to save a buck, or simply afraid to hire someone that is smarter than they are...
     
  19. silentthunder

    silentthunder Power Member

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    If you're going to school and you like puters you can write your own ticket with a computer science
    degree in the U.S. and the "New World Order". :listen:
    That won't change in the foreseeable future either unless we blow ourselves up.
     
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  20. worldbh

    worldbh Registered Member

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    This is a lesson in look or research before you leap. JOB stands for [just over broke]. Myself as an educated fool at least I have a chance - since I am qualified as a programmer, asset protection planner, knowledgeable tax and corporate setup planner. I know big deal!, but what this all says is you need to prepare yourself for the world we live in and that means understanding basic law, accounting, marketing, and the politics of our time. So if you are a young person study your interests so you can at least create a business or a job that you control and not have someone else controlling you.