To get an MBA or NOT

[MBAfilming]

guess MBA has nothing to do with my name, huh maybe i should have re thought that

[thepoliticalstartrek]

1 BS and MBA or 2 BS's and a MBA? Currently BS in Business Management > Information Technology Management. Looking at a Second MIS BS , then a MBA. Wondering if I should just go for a MBA. i have about 12 years technical and management experiance.

[italkrealsm]

MBA is a JOKE, anyone learn about business from Google and YouTube...what they can't learn is ACCOUNTING...the only practical major and trained major in the business world.

[korvix]

i like how successful people with degree say you don't need it

no one looks at you without it, regardless of how good you are

[samfisherman007]

@korvix exactly.

[goingwithzed]

or, if you have 200 million users and dont make a cent, your worth $40 billion. Guy is the man but his myopic view is not covering all avenues of which silicon valley kids are making it big... so .. we need to figure that out too.

[cinqueottavi]

he is right and at the same time this was his last speech about MBA ;-)

[mrjoshua1983]

If employees believe they are being treated unfairly (even if they are treated well), they will be unhappy.

the reverse is also true: as long they believe that they are being treated well, (regardless of relative treatment) you will have a productive workplace.

my finance professor taught me that.

[BusinessBecause]

Ok, see what you're saying but I think for some people an MBA is really useful (but for others it's not) it depends on WHY people are doing it more than anything else!

We've got heaps of interviews with MBAs, professors and mba wannabes on our website but also on our channel: businessbecause.

[darioandrade]

Although I really understand what he means and agree to some points, there are considerations to be made. Engineering, MBAs and such are only TOOLs. When you go biuld something at a construction site, it gives you much more confidence to go with the proper tools and the knowledge to operate them than otherwise. If you want to work on the field, why not go with the best gear you've got? Trust me (by experience), it will make a difference.

[Pmd9013]

MBA means being a leader in a company or organization. How to accomplish its objectives with limited resources & lot ofconstrains. Story of Indian MBA in USA, He was victimof vicious job politics. He failed completely in my 35 years old career.

[Pmd9013]

But he managed his personal life pretty well. Limited resources, got paid real bad minimum wages & blue color jobs & lots of constrains, social & economic one under which he raised two children, one is becoming doctor & other lawyer. And he is not stopping there. He still wants his kids to do MBA after MD & with JD. So that they would know how to accomplish their objectives in life with limited resources.

[salkade1]

Great video!

[vermixtube]

True

[TheGoalSetter]

The vast majority of ANY education is typically never used.

That is why we have the TV show "Are you Smarter than a 5th Grader?" Most of the stuff we are taught is just not applicable.

To get my architectural degree, I had to take two calculus, poetry, etc. courses that I have never used.

However, I have applied more of my MBA education to my work life and personal life than my other educations.

[chakkrist]

sorry, can any one help me?

i dont understand the word he said at 2:24 , what he said?

[JaiVikramSinghVerma]

@chakkrist "exaggerate"

[chakkrist]

@JaiVikramSinghVerma Thank you

[waheedbc]

people who achieved far more than this guy dont have his arrogance

[tonybonez]

How did he get the 20% figure. It sounds like a 500% return.

[adrock182]

He's right about the management aspect (unless you've management experience before you begin) however many people who do an MBA are looking to utilise an expansive and responsive alumni community. An MBA is one extremely viable way to change industries and not only that but change industries and get into the best companies.

[nikanj]

Depends on your field. Try working as an actuary without post graduate mathematics.

That said employers always seem to look for graduates with strong mathematical skills for jobs in investment banking and trading even though you will rarely use pure mathematics in these roles.

[petroljunky]

This guy helped launch the first mac computer. I just read that on Forbes, today.

[Slidingby]

Margin is 80% if expenses are 1/5 lol.. I hate his books too.

[asmodeus585]

Yeah, I didn't get his joke too. Why everybody was laughing if what he said makes no sense? Perhaps, he "miscalculated" that on purpose as it was inherent part of the joke...

[MacPr0xnxx0]

how much math is involved? do u need to be a math wiz

[asmodeus585]

You don't need to be a genius, nevetheless some above-average mathematic skills are required as you will have to study economics and economicrs and mathematics ae practically indissoluble.

[joeboi85]

Good speech. However, I do believe an MBA is worth it. An MBA makes you much more credible in the workforce. Not to mention the fact that you have higher chances of getting hired, promoted, or simply chosen to work in better conditions than the guy without the MBA regardless of how good of a worker he is. I know for a fact companies are looking for master's degree-educated men and women. In the oil refinery where I worked, executives would pay for your education in exchange for your employment.

[asmodeus585]

Especially that now you need variety of papers and certificates to prove your knowledge and skills. There are plenty of things you could learn on your own without going to university, but it's a very tough way, since it's extremely hard to find a job without having a proper degree. Being self-taught is good only when you're self-employed, then what's important is what you really can do, not what kind of certificates you have.

[valentinoderogatis]

I got an MBA in Jan 2009 and since then I am still unemployed.

[Runaholism]

Where did you get your MBA from if you don't mind me asking?

[sliqer]

I also have an MBA and a BSc in Computer Science and agree with Kawasaki. I could stress even more than him the importance of a technical degree. But if you can afford an MBA and don't currently have the million-dollar idea, do it, its worth the trouble. I did mine in CIIM, a low cost 1-year top notch business school.

[Runaholism]

The truth is, it really depends on what you make out of it. I know many executives who work their way up without a MBA. They are fluent in communication and has a great personality and yes, networking is important.

[biowonder3]

I fully agree with Runaholism: I got my MBA but I also got a PhD in Biology and an Chemical Engineering Degree. My personal problem always was (and still is) what intrests me the most and where could I be really productive. I think, you should put effort in things you really love doing. I have seen many people with lower education levels, but they are excellent at their profession just because they made the most of their abilities... they just like doing what they are doing.

[Runaholism]

That is so true. Knowing your job well and doing them in excellence definitely help you exceed your expectations. By the way, your Chemical Engineering degree is very valuable. I mean, the starting salary for those are fairly high. If you don't mind teaching, you can be a faculty member at a college since a Ph.D is helpful for teaching higher education.

[biowonder3]

I am currently working in a small biotech start up and having fun learing tons of things. Actually the MBA program just brought me to change my career but does not necessarily add value to the firm (I think). However, I needed the MBA (in Germany) to changes careers. This is much harder over here compared to the US.

[Runaholism]

@biowonder3 Oh most definitely! In US, there are many universities offering MBA programs but they're more concerned about collecting your money rather than giving you a good education. While it is not fraud since they have real faculty with MBA or Ph.D, their faculty literally don't teach much. It is easy to get a MBA here but if you want a GOOD MBA, it is really hard to even get in the program. (very competitive).

[rendertear15]

@biowonder3 haha who cares your school. Germany is a 200km2 land. 99% of the world is not german and no one in the world speaks it.

[uuumoby]

can somebody pleasssse answer this. What kind of engineers is Guy talking about @ 2:10-2:23. Is it mechanical engineers or electronic engineers, or what? THANK YOU in advanced

[ehealthy222]

It's a simple as writing down on your resume that you have an MBA.

Doesn't mean you have to actually have one.

They sell fake transcripts online.

[kliknijtutaj]

very good!!

[tubelincoln]

MBA is not just for education, its about the networking...MBA r required for many top investment bank...so overrated? maybe, but the company wont hire u if u dont have one

[kotapaka]

@tubelincoln I am an engineer and I was hired by a top investment swiss bank. I don't have an MBA. As a matter of fact, most institutions prefer engineers/physicists/science/m­athematicians/science people to MBA holders because it's easy to teach MBA on top of science. I refer to my university - Cambridge university which offers MBA as a final year option. The school is called Judge Business School and is one of the best in the world and the program is still only 1 year long.

[Errordemn6]

@tubelincoln Who said anything about getting "hired?"

#entrepreneur

[cinqueottavi]

@tubelincoln Pullshit

[JaiVikramSinghVerma]

A friendly request: Would you like to moderate and tone down your comment a little bit? and illustrate why do you think so?

My point is, yes, you have freedom of speech to say whatever you want to but in a less unobtrusive way/language.

Take example from the video, there are always unobtrusive ways to put forward you subjective believes.

[drtz4890]

While I agree that MBA is a low-avlue degree, you are at danger of sounding like those shallow people who judge others by the degrees they have :)

[vincentrich]

.....Says the guy whose most prominent vendetta is against "utube."

[drtz4890]

jefframras: you have to have realistic expectations, that's the point. Instead of thinking that you'll make 400% ($4) you should understand that reality is different and $3.80 will be your expenses. That leaves you with $0.20 profit. That's what I think he meant.

[Jewamir2]

No i dont think he means that. he already says the cost will be 1 $

[drtz4890]

Jewamir2: do not confuse cost of goods sold (COGS) with fixed and variable expenses of doing business. COGS is $1, which is what he mentioned. f&v expenses is what I said earlier ($3.80) 3.80+0.20+1 = $5

[JaiVikramSinghVerma]

I think drtz4890 is right.

[chris909303]

@drtz4890 My good people, he was trying to say that all you need to know is that you are making some money. The whole point of this is you do NOT need the quantitative skills besides knowing that you are bringing more home than what you are spending. COGS? Really? LOL!

[drtz4890]

@chris909303 What's wrong with COGS? if you buy something you exchange it for cash. they both are assets. When you sell it, you are losing an asset which you have to account for. Hopefully cash you're getting will make up for it, which is you gross revenue.

[jefframras]

What does it mean "costs a dollar, sell it for 5, i only made 20%"? Could someone explain that?

[bluehorse888]

@jefframras It means if aint got somethin worth $5 that only costs a bucks to produce, forget about trying to sell it. This is more street smarts than business smarts. What they may not teach you in business school is how to save and be truely smart with your money. Thats why theres so many "uneducated millionaire" stories floating around. BTW I'm not an MBA :P

[rockman22]

@jefframras I think it cost him 20%, he made 80% i think he misspoke

[chipjet]

@rockman22 You missed the point. Your math is right, but what he's saying is, "If you THINK you only made 20%" on each item, then you'll be really rich because you're actually making much more than 20%. It gives you a 60% cushion to make mistakes and experiment, which is hopefully more than enough. Said another way, "If your business makes 80% margins, but only needs 20% to be profitable, you will be very rich".

Of course, I'm in an MBA program right now, maybe I wouldn't have gotten it before.

[damnevilpig]

@rockman22 no he didn't misspeak. He means he only makes a dollar. The other 3 are for all the other things it cost him to bring the product to market. shipping, salaries, marketing, etc. etc.

[rockman22]

@damnevilpig He said it costs a dollar and sells it for five. By my accounting, thats $5 (100%) - $1 (20%) = $4 (80%). Percentages in accounting are all expressed as a percentage of revenue unless otherwise stated. He says, cost = $1. There for he made $4, an 80% gross margin.

[CarefreeVN]

The conclusion is that MBA is useless after all?

[Phaseonegraph]

JaiVi kram Singh Verma. Hey, that's my name too!! What are the chances?