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What exactly can an MBA get you?

Discussion in 'BBS Hangout' started by mrm32, Jul 15, 2008.

  1. LegendZ3

    LegendZ3 Member

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    Accounting jobs rarely start out that high. My friend who had many internship experiences, graduated summa c*m laude, and the offers he got were all around 45k range, which is considered pretty good for accounting majors.
     
  2. Lil Pun

    Lil Pun Member

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    Are there any entry level jobs that start out at $50K+ per year? If so, which ones?
     
  3. vj23k

    vj23k Member

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    If your school offers a finance degree, you almost have to opt for that. Before you decide on investment banking, make sure you know what it is. You would be surprised how many people have no idea and just throw the term around.
     
  4. LegendZ3

    LegendZ3 Member

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    IT and engineering.
     
  5. BigSherv

    BigSherv Member

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    Entry level analysts in accounting with 0 work experience?

    Man, I don't know who pays 50K for that.

     
  6. BigSherv

    BigSherv Member

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    You can snag a job like that in IT, Finance, etc. Even more if you do I banking.

    A lot of my friends joined consulting firms and oil companies out of undergrad paying them in excess of 60K prior to bonuses etc.

     
  7. alexcapone

    alexcapone Member

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    If you start off in the Big four you will be making 50k+.
     
  8. Mulder

    Mulder Member

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    Not true. Audit and Tax interns are getting paid what entering Junior Associates are making 50K a year with a 5K signing bonus from Big 4 and most mid market firms. Internal auditors for industry make even more but the job is somewhat monotonous.

    Don't bother with an MBA if you get a BBA in Accounting as an MBA is just another general degree. You should get an MS Accountancy degree instead.

    UH has a VERY good program called the Professional Program in Accountancy, it is a BBA in Accounting with a Fast track into the Master's Program. Their program partners with all the big and mid-market accounting firms and other industry firms that hire internal auditors.

    Best part is that from San Jac you can get into the Bauer College and if you are at UH for a semester and make a 3.00 and a 3.00 in the first 3000 level ACCT class you take you will be admitted to the PPA.

    Check out http://bauer.uh.edu/Accounting/PPA/index.htm for more information.
     
  9. HombreDeHierro

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    would McCombs be considered good enough for say, a job at Goldman Sachs? (provided good class rank and stuff)

    I don't think the UH business school would cut it for the goals im trying to reach...but ive heard its good.
     
  10. HombreDeHierro

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    So what i've generated from my research is that you can do simply your undergrad in finance or whatever, and go and become an analyst. OR you can stick around, do your MBA, and become an associate right off of the bat.

    True?
     
  11. Yaozer

    Yaozer Member

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    Don't know about their Masters, but I'm pretty sure the Undergrad is better at UH. Didn't rice just start offering Business Undergrad last year or something?
     
  12. flipmode

    flipmode Member

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    YES. the top McCombs undergrads and most MBAs head to the Big Four, Goldman, Merrill, Bain, BCG, McKinsey, Suisse, Microsoft, Google, Amazon, eBay... etc. I know at least one person in my undergrad class at each of these firms, plus a handful that are in the Big Four with me.

    looking for 50k+ entry jobs, you will typically need to have a degree from a Tier 1 school (Rice, Texas, SMU, Michigan, Cal-Berkeley, Ivy League, Washington, UCLA, USC... etc)... in business, look for consulting and audit.
     
  13. Phreak3

    Phreak3 Member

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    Paid enough to be worth the $100+k you have to pay for tuition?

    That is the question I keep asking myself...
     
  14. vj23k

    vj23k Member

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    Without work experience, you won't get into any business school where the banks recruit. You need to transfer ASAP and start cold calling for internships, etc...
     
  15. mrpaige

    mrpaige Member

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    Special Education teacher.
     
  16. mlwoo

    mlwoo Contributing Member

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    This guy doesn't sound like he knows what he is talking about at all.

    Where can you transfer to from San Jac if you have a 4.0?

    Texas A&M - Probably won't get into the business school though.

    Texas - Will not get into the business school

    Tech - might have a shot at the business school

    There are two ways to get an intern analyst job at a big firm:

    1. Bust your butt and have a 3.9+ and be in about every kind of leadership business organization you can.

    2. Know important people
     
  17. Smokey

    Smokey Member

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    Can he throw a baseball?
     
  18. BenignDMD

    BenignDMD Member

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    My wife did the UT PPA program. She has been with a big 4 firm since she graduated (5 years ago) and is making 6 figures.
     
  19. rhadamanthus

    rhadamanthus Member

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    M.S. programs are really good too (finance, in particular - i've been looking into starting such a program). That 40 million dollar donation from Bauer really helped...
     
  20. JuanValdez

    JuanValdez Member

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    Are we talking about college or graduate school here. Anyway, what I know about is the Jones school.

    An MBA degree from Rice can get you a $95,000 job. That was the average for the class of 2008 (among those who got offers). Rice mainly churns out Finance folks, but are building a strength with Marketing. Of the finance guys, many go to oil & gas, commodity trading or other, corporate finance jobs. The companies that recruit on campus often offer a 2-year rotational program where you do 6-month stints in 4 different positions before finding a department to settle you into. They generally pay in the 80 to 110k neighborhood.

    I don't know what kind of payoff UH MBA students are looking at. Can you get to Rice or a similar caliber MBA program from San Jac? I wouldn't think it'd be too easy, but you don't know till you try. You'll be well-served to have a reputable college, worthwhile post-college work experience, and a good GMAT.
     

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