mba or car

yeaterday went to my friend home, he said he worked in a car factory, a very focus car modal, had a very beautiful and comfortable work, i have a difficult choice:mba or car?
i don't know!

Global MBA Rankings 2009

FT.com Business School Rankings. Rank in 2009, 3 year average rank, School name, Country, Weighted salary (US$) , Salary percentage increase Employed at three months (%)
1 1 University of Pennsylvania: Wharton U.S.A. 169,784 119 89 ( 98)

1 3 London Business School U.K. 146,565 121 90 ( 97)

3 4 Harvard Business School U.S.A. 163,637 115 93 ( 99)

4 3 Columbia Business School U.S.A. 164,310 132 92 ( 93)

5 6 Insead France / Singapore 147,908 108 89 ( 95)

6 4 Stanford University GSB U.S.A. 170,340 105 93 ( 99)

6 8 IE Business School Spain 132,925 169 91 ( 86)

8 10 Ceibs China 151,641 179 92 ( 94)

9 10 MIT: Sloan U.S.A. 156,451 121 90 ( 95)

10 10 New York University: Stern U.S.A. 144,125 133 93 ( 96)

11 9 University of Chicago: Booth U.S.A. 150,272 113 94 ( 100)

12 13 Iese Business School Spain 124,645 135 98 ( 98)

13 12 Dartmouth College: Tuck U.S.A. 156,124 121 94 ( 100)

14 14 IMD Switzerland 151,624 97 93 ( 100)

15 - Indian School of Business India 148,339 160 100 ( 93)

16 - Hong Kong UST Business School China 108,364 128 93 ( 86)

17 14 University of Cambridge: Judge U.K. 130,160 121 93 ( 95)

18 21 Esade Business School Spain 121,776 137 89 ( 100)

19 15 Yale School of Management U.S.A. 140,803 134 95 ( 98)

20 19 University of Oxford: Saïd U.K. 135,502 109 89 ( 87)

21 21 Northwestern University: Kellogg U.S.A. 142,645 103 96 ( 97)

22 24 Duke University: Fuqua U.S.A. 128,692 102 92 ( 97)

23 23 University of Michigan: Ross U.S.A. 132,522 105 90 ( 93)

24 28 Emory University: Goizueta U.S.A. 126,262 136 86 ( 98)

24 46 Nanyang Business School Singapore 104,294 131 92 ( 100)

26 30 Rotterdam School of Management, Erasmus University Netherlands 109,997 107 97 ( 90)

27 26 Lancaster University Management School U.K. 106,960 128 92 ( 83)

27 29 University of Virginia: Darden U.S.A. 137,215 119 91 ( 100)

29 22 HEC Paris France 117,630 103 82 ( 97)

29 24 UCLA: Anderson U.S.A. 141,065 110 89 ( 92)

31 29 University of California at Berkeley: Haas U.S.A. 137,699 80 91 ( 98)

32 25 Manchester Business School U.K. 109,066 104 95 ( 95)

32 40 Australian School of Business Australia 127,474 100 89 ( 74)

34 33 Cornell University: Johnson U.S.A. 127,858 104 93 ( 98)

35 - National University of Singapore School of Business Singapore 95,926 122 87 ( 88)

35 34 Cranfield School of Management U.K. 127,004 95 97 ( 100)

37 34 Warwick Business School U.K. 114,653 92 88 ( 80)

38 43 SDA Bocconi Italy 104,859 111 81 ( 89)

39 43 Imperial College Business School U.K. 117,119 96 100 ( 85)

40 37 Georgetown University: McDonough U.S.A. 121,786 112 98 ( 88)

41 - University of Strathclyde Business School U.K. 118,683 114 93 ( 73)

41 44 University of Arizona: Eller U.S.A. 101,066 138 60 ( 100)

41 52 City University: Cass U.K. 124,026 87 95 ( 91)

44 37 University of Maryland: Smith U.S.A. 108,404 95 90 ( 98)

45 39 University of North Carolina: Kenan-Flagler U.S.A. 120,198 98 86 ( 99)

46 44 University of Rochester: Simon U.S.A. 115,867 116 92 ( 91)

47 38 University of Toronto: Rotman Canada 97,413 92 90 ( 92)

47 47 University of Western Ontario: Ivey Canada 104,456 98 91 ( 94)

49 49 York University: Schulich Canada 88,609 97 90 ( 93)

49 62 University of Texas at Austin: McCombs U.S.A. 114,761 92 89 ( 96

51 47 Carnegie Mellon: Tepper U.S.A. 116,773 96 96 ( 99)

52 69 Melbourne Business School Australia 110,290 83 96 ( 87)

53 55 Rice University: Jones U.S.A. 109,302 101 90 ( 96)

53 77 University of Pittsburgh: Katz U.S.A. 95,633 111 89 ( 95)

55 52 University of Illinois at Urbana-Champaign U.S.A. 92,863 112 89 ( 88)

56 64 Vanderbilt University: Owen U.S.A. 110,768 106 90 ( 98)

57 66 Leeds University Business School U.K. 100,918 105 91 ( 90)

57 68 Boston University School of Management U.S.A. 105,532 101 95 ( 93)

57 68 Texas A & M University: Mays U.S.A. 98,647 111 98 ( 100)

60 62 Indiana University: Kelley U.S.A. 107,653 98 90 ( 100)

60 64 University of Southern California: Marshall U.S.A. 116,258 87 94 ( 94)

60 65 Washington University: Olin U.S.A. 109,507 88 90 ( 96)

63 - University of Florida: Hough U.S.A. 101,343 104 94 ( 88)

63 50 Michigan State University: Broad U.S.A. 102,897 96 91 ( 100)

63 54 University of Iowa: Tippie U.S.A. 92,166 116 95 ( 98)

63 55 Pennsylvania State University: Smeal U.S.A. 105,728 88 93 ( 99)

67 56 University of Washington Business School: Foster U.S.A. 105,558 92 96 ( 99)

67 62 Thunderbird School of Global Management U.S.A. 99,187 94 67 ( 85)

67 65 University of South Carolina: Moore U.S.A. 91,774 109 86 ( 89)

70 - SMU: Cox U.S.A. 109,052 106 95 ( 96)

71 65 University of Cape Town GSB South Africa 143,693 72 79 ( 84)

71 67 University of Minnesota: Carlson U.S.A. 98,451 102 86 ( 97)

71 80 University of British Columbia: Sauder Canada 89,682 83 92 ( 93)

74 64 University of California at Irvine: Merage U.S.A. 102,010 91 77 ( 97)

75 - Vlerick Leuven Gent Management School Belgium 101,180 66 100 ( 100)

76 74 Arizona State University: Carey U.S.A. 99,624 97 92 ( 88)

77 - Aston Business School U.K. 86,364 99 100 ( 98)

77 - University of Alberta Canada 75,084 95 98 ( 100)

77 74 University of Notre Dame: Mendoza U.S.A. 106,487 110 91 ( 95)

80 - Durham Business School U.K. 104,282 81 93 ( 88)

80 64 Purdue University: Krannert U.S.A. 100,856 92 86 ( 99)

80 86 Ohio State University: Fisher U.S.A. 93,744 105 95 ( 93)

83 - Birmingham Business School U.K. 82,624 99 100 ( 60)

83 75 University of Bath School of Management U.K. 107,613 79 81 ( 77)

85 74 George Washington University U.S.A. 101,530 91 88 ( 93)

86 - Wake Forest University: Babcock U.S.A. 100,727 108 88 ( 100)

87 - Grenoble Graduate School of Business France 83,516 80 86 ( 81)

87 70

Bradford School of Management/TiasNimbas Business

School

U.K. / Netherlands / Germany 96,144 89 92 ( 59)

89 71 Boston College: Carroll U.S.A. 108,162 85 91 ( 97)

89 87 Babson College: Olin U.S.A. 109,541 87 83 ( 88)

91 95 Eada Spain 89,786 103 88 ( 73)

92 - Coppead Brazil 96,938 98 42 ( 100)

92 63 University of Edinburgh Business School U.K. 101,884 75 94 ( 92)

92 77 Brigham Young University: Marriott U.S.A. 97,789 104 95 ( 100)

95 92 Case Western Reserve University: Weatherhead U.S.A. 99,238 95 72 ( 92)

95 92 Wisconsin School of Business U.S.A. 99,138 88 94 ( 100)

97 - Hult International Business School U.S.A. / U.K. / U.A.E 96,915 85 89 ( 96)

98 - University of Miami School of Business U.S.A. 92,064 95 74 ( 84)

99 98 University College Dublin: Smurfit Ireland 104,934 66 97 ( 97)

100 90 Nottingham University Business School U.K. 99,647 62 94 ( 88)

© Copyright The Financial Times Ltd 2009. "FT" and "Financial Times" are trademarks of The Financial Times Ltd. This PDF created on 6th February 2009.

How our U.S. Financial Crisis is affecting MBA's

When Adrian Chan enrolled in an M.B.A. program at Hong Kong University of Science and Technology last year, he hoped to use the degree to jump industries, from information technology to investment banking.
Mr. Chan, who majored in finance in his M.B.A., pictured himself structuring derivatives or selling equities at a top-tier bank in his hometown of Hong Kong -- and earning a lot more than he did as a software developer in his past jobs at Amazon.com Inc., in Seattle, and Oanda Corp., in Toronto. Mr. Chan, who'll graduate in December into the worst financial-sector meltdown in recent history, is now perusing IT job ads.
"It's a much more competitive job market," he says. "The employers who are hiring want people with experience, and there's lots of experienced people who've lost their jobs and looking for work. For those of us switching careers, it's going to be much harder."
The fallout from the financial crisis is already starting to echo through the halls of the world's business schools. Students who had hoped for a finance career are looking elsewhere -- or bracing themselves for short-term work at much lower pay.
Admissions officers are starting to see a big jump in applications for full-time M.B.A. programs, as professionals faced with a soft job market look for ways to ride out the storm and burnish their résumés. Applications for executive M.B.A.s, which attract more senior executives whose employers typically pick up some or all of the tab, will likely drop: Companies are looking for ways to trim budgets as the global economy slows, and executive education is often seen as an extra that can go.
For most investment banks, new hires have been categorized as another "extra" that has to go, too. Many big banks have put on a hiring freeze and vowed to trim existing staff. That's likely to prompt some M.B.A. students to switch from a finance concentration to other areas, like marketing -- or at least recast their résumés to better target jobs in areas outside banking, M.B.A. professors say.
"It's early days, but even if we're not seeing that yet we will see more of it," says Jake Cohen, dean of Insead's M.B.A. program. "We had some students who had summer internships at places like Lehman, and those students are looking to switch to consulting or industry jobs." The French business school has campuses in Fontainebleau, outside Paris, and in Singapore. Insead's M.B.A. is a general management program that doesn't offer different majors.
That's not the case at HKUST -- and many M.B.A. students do take a finance concentration. Typically half the class winds up in jobs in Hong Kong's finance sector.
"We don't expect that this year, and we are warning our students that there will be a real tightening, whether temporary or not, and headcounts are being reduced at a lot of the big Western banks," says Steven DeKrey, HKUST's senior associate dean and M.B.A. program director. Mr. DeKrey, who's also the chairman of the American Chamber of Commerce in Hong Kong, says Amcham's members indicate that the hiring situation will get even grimmer, and nobody has any idea when it might improve. "Even the JP Morgans, the Morgan Stanleys, the real strong players who are on our board here, are not able to look too far out," says Mr. DeKrey.
There is one likely positive impact, educators say: Smart people who are usually snapped up by banks will wind up elsewhere in the economy, bringing a boost to other sectors.
"It'll break the hold that investment banks have on talent. The world's best investment banks traditionally take the best graduates from programs like ours," says Stephen Chambers, director of the M.B.A. and executive M.B.A. degrees at Oxford University's Saïd Business School. "I think one optimistic outcome is that the really brilliant people who used to go straight from Oxford to Lehman or Goldman are going to do something else interesting -- that might well be a microfinance initiative or an entrepreneurial venture or something completely different."
Others are likely to bring their new M.B.A. skills back to their old sector. Mr. Chan, who's doing the last few classes on a part-time basis, recently landed a six-week contract with Royal Bank of Scotland in Hong Kong. It's a rolling contract that could continue, but Mr. Chan has no idea where that will lead. RBS is one of the largest recipients of the U.K. government's bailout package, and executives there are widely expected to start trimming the organization.
The few full-time entry-level investment-banking jobs available in Hong Kong pay about 50% less than Mr. Chan had expected when he started his M.B.A. "Salary levels are coming down," he says. "If I do get a permanent job in banking, it'll be a pay drop for me." He's now going to cast the net wider and look for IT jobs as well.
The financial meltdown may be bad news for M.B.A. students, but it's good news, in part, for M.B.A. schools. Applications tend to rise sharply when economies lose steam.
"Given the job market is not so good, people say 'let me invest in myself for the next year or two,' " says Mr. Cohen, at Insead's Singapore campus. He expects applications for Insead's full-time M.B.A. program to go up by 25% this year.
One challenge facing M.B.A. students is funding: it's getting harder to get student loans in the U.S., where banks, hit by the credit squeeze, are lending less. Banks in other parts of the world are likely to follow suit as credit dries up world-wide.

MGM Mirage CEO Faked His MBA

Yesterday MGM Mirage's CEO of 13 years, Terrence Lanni came under fire after a Wall Street Journal investigation discovered that he never earned an MBA from the University of Southern California and abruptly "retired." Oops.
This is not what you want to find out about the man who is steering the world's largest casino-gaming company through a particularly rough patch in history. Especially as the hotel is on the brink of opening the extravagant MGM CityCenter.According to USC, he completed some classes toward the MBA
According to USC, he completed some classes toward the MBA between 1965 and 1967 but never graduated. Lanni said he received an Honorary MBA in 1992, while USC says they have not awarded an honorary MBAs since 1933. Not only that, but Lanni's biographies prior to 1992 have all mentioned him holding an MBA.
The official word from MGM Mirage is that Lanni is retiring so he can be closer to his family who lives in California. There's also a thinly veiled reference to Lanni wanting to enjoy time with his family while he still can. The man is only 65 and has no illnesses to speak of. Anyways, questions about his MBA had "no bearing whatsoever" on his retirement. Right...
To help smooth the transition for the company, since it has some major issues to overcome like the economic downturn and completion of City Center, MGM is going to appoint Jim Murren, its current Chief Operating Officer effective November 30th.

About MBA

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