This marketing campaign epitomizes UNC...

2/24/2012 1:17:51 PM

My gf just forwarded me an email from her best friend who has a cousin that wants me to help him get an internship in Charleston this summer because I know the big guys at a couple software companies down here.

I didn't want to ask favors for some kid I barely know to begin with. Then I looked at his resume...Kenan-Flagler business school. Look the kid up on facebook...typical UNC douche.

DELETE

2/24/2012 1:29:52 PM

girlfriend's best friend's cousin?

nicely played business school doucher

2/24/2012 1:50:45 PM

DUHLETE

2/24/2012 1:56:34 PM

It would probably be a wise career move for me to get an MBA, but I'd probably be choosing between Flagler and Darden. Pick your fucking poison.

2/24/2012 1:59:21 PM

#swahili

2/24/2012 2:01:30 PM

Where is the pic in the OP from though? That seems a bit much even for UNC.

2/24/2012 2:02:52 PM

came from here:

http://www.simplerna.com/2012/02/unc-kenan-flagler-online-mba-does-not.html

but I originally saw it pop up in an ad spot on a random sports message board I was visiting. I glanced at it before I clicked to the next screen & then thought..really...did I read that right so I went back but it had switched to another ad in rotation.

I goggled it & found the link above.

2/24/2012 2:20:38 PM

Do you guys hate UNC or are you still mad you didn't get in?

I'm Krallum and I approved this message.

2/24/2012 2:21:18 PM

hate UNC...didn't apply.

In all honesty they have some good programs there, but my disgust for them helps me not think about that. Bring on more hate.

2/24/2012 2:23:41 PM

Does UNC not have a marketing department. I dont see how anyone could think this is a good strategy for a new program.

4/19/2012 7:37:13 PM

Ugh they mail shit to my house constantly. I don't know how they got my address. I will say their paper marketing isn't nearly as douchey.

4/19/2012 7:47:05 PM

Quote :

"Do you guys hate UNC or are you still mad you didn't get in?"

as if i'd send them any money for applying. i had no desire to go there, and i could have easily gotten in.

4/19/2012 7:48:06 PM

http://www.istockphoto.com/stock-photo-10172885-human-hand-unlocking-a-queue-barrier-on-white.php

4/19/2012 7:51:41 PM

I've been looking at online MBAs for a while now and UNC was the 1st I called. 92k for a masters? I'll pass. ECU's online MBA is 23k.

4/20/2012 4:57:46 AM

Haha and you'll make that up in spades in career earnings likely given UNCs MBA program is top notch and ECUs is ECU.

I've seen UNCs online MBA program ranked as the best in the country on some surveys.

4/20/2012 7:53:58 AM

Being an employee I think I could do the whole thing for free. And they have to take me.

4/20/2012 8:22:20 AM

Quote :

"I've been looking at online MBAs for a while now and UNC was the 1st I called. 92k for a masters?"

wtf, I don't even think Duke's costs that much.

4/20/2012 8:23:59 AM

Fuqua is $52k a year right now.

Duke was ranked 12th, UNC 19th in the last USN&WR rankings.

4/20/2012 8:49:25 AM

I've seen that ad a few times. It's popped up on NC State sites before.

4/20/2012 8:57:37 AM

Damn, I didn't realize they cost $texas like that. You'd think a state school would charge reasonable tuition

4/20/2012 9:01:39 AM

most state schools don't have a flag in their ship though...

Quote :

"I've seen UNCs online MBA program ranked as the best in the country on some surveys."

yea but im probably not going to get in to it so why even try? lol

[Edited on April 20, 2012 at 9:52 AM. Reason : ...]

4/20/2012 9:51:10 AM

^that made me LOL

4/20/2012 9:52:52 AM

If it was that exclusive and difficult why do they need ads to begin with? That velvet rope is guarding the entrance to the Blue Oyster Bar maybe?

4/20/2012 10:21:41 AM

Quote :

"If it was that exclusive and difficult why do they need ads to begin with? "

It should have said something like "we don't need to advertise, and if you're the type of person who would respond to this ad we don't want you, but we have so much gosh darn money we don't know what to do with it all "

4/20/2012 10:26:01 AM

My girlfriend just looked into the tuition etc for UNC online MBA. She said it would be something like $90,000 total?

[Edited on April 20, 2012 at 10:53 AM. Reason : I mean, honestly, wtf. My M.Ed. reading specialist degree was ~$12,000 including books, I think]

4/20/2012 10:53:00 AM

Ummm, look up the cost of a mid to high end MBA program.

4/20/2012 11:04:05 AM

Quote :

"Do you guys hate UNC or are you still mad you didn't get in?"

I had a full ride to UNC that I turned down to go to State.

Plus, I get emails from this MBA program all of the time begging me to apply

I am in the process of getting my MBA at Campbell for $17k
note: My MBA will still be secondary to my engineering degrees so I didn't care too much about where I got it from.

4/20/2012 11:09:08 AM

unc mba is like $22k per year, why is the online so expensive?

Online is crap if you ask me. The entire point of an MBA is networking and landing an internship. Unless you have a good job with a guaranteed promotion if you complete an MBA program I can't understand why you'd do an online program.

And I'm still hung up on why it cost double?!

4/20/2012 12:56:00 PM

^because many people do an MBA as a secondary degree, as a working professional, who doesn't need/care about an internship?

4/20/2012 1:01:45 PM

Yeah, I'm thinking about possibly going to get my MBA in a couple of years and it's more about how much more I can make than it is about an internship. Many places now prefer you have work experience between your undergrad and an MBA. If you're a working professional it's incredibly difficult to just quit and go take 2 years of school. You pay for flexibility in the case of some of these online programs.

4/20/2012 1:07:18 PM

^^ I'm not sure your post answers my question. It does sort of recap what I said in mine though.

You're getting significantly less value out of an online program. So why is the cost so prohibitively expensive?

[Edited on April 20, 2012 at 1:08 PM. Reason : a]

4/20/2012 1:07:27 PM

Quote :

"unc mba is like $22k per year, why is the online so expensive?"

Bandwidth man, shit's expensive!

4/20/2012 1:22:18 PM

online casts a wider net...they're probably banking on the hope that the wider consumer pool will produce more people that would pay that much. No way in tar hell they could get enough people regionally that would pay that, but nationally they might...and thery're trying to portray the program as exclusive to inflate the perceived value.

at that price, the class sizes will probably end up being small (just because of small applicant pool), so in a few years, they'll probably cook up some stats to reinforce the exclusive perception.

4/20/2012 1:24:46 PM

^ that sounds like a good explanation. thanks.

For $92k you're basically in Stanford/Harvard full-time territory. You know one of those MBA schools you probably can't get into.


The avg starting salary for a UNC MBA is only ~$92k IIRC correctly. So assuming you're already making $65-$85k in your late 20's/early 30's (which most people who can get into a top 20 program are) the ROI on a $92k on-line program isn't that great since you're losing out on nearly all of the the networking/internship benefits of an MBA program.

Again, if you just need the degree to get a promotion at your current job I can understand why an on-line program would be appealing. But if you just need the letters, do you even need to apply to a 2nd/3rd tier school like UNC that is charging you almost $100 large?!

Oh well, it's all a moot point anyway. We can't even get into the program probably!

4/20/2012 1:33:04 PM

Quote :

"If you're a working professional it's incredibly difficult to just quit and go take 2 years of school. You pay for flexibility in the case of some of these online programs."

I did part time MBA and would never consider an online program. Like face mentioned, the networking is such a huge part of the program (not just with other students, but with professors, outside presenters, and students from other programs). I also got as much out of the class discussions than I ever could have out of just reading and analyzing a case on my own. I was traveling 80% for work while I was in school. So, if I can make it work, anyone can.

4/20/2012 1:42:19 PM

this makes me think of law school.

The cray thing about such professional programs is that the industries they educate people for are actually huge. There is a ton of money in law if you look at total economic activity of the field, same for executives. But yet these programs pump out armies of unemployed debt slaves.

I can't decide if I don't understand it, or if I actually understand it and it's just

4/22/2012 7:34:34 PM

I remember a dude jumped off the Kenan-Flagler building when I was there. I assume suicides are a good thing when it comes to the prestige of a business school.

4/22/2012 8:08:33 PM

Probably because one of his professors have him a b

4/22/2012 8:23:18 PM

Just saw the ad on quickmeme.com so obviously their target audience probably can't get in anyways.

4/22/2012 8:37:47 PM

OH MY GOD UNC SUCKS BOY DO I SURE HATE UNC THIS SEEMS LIKE SOMETHING THEY WOULD DO

4/22/2012 8:41:29 PM

UNC started expanding their MBA offerings with a weekend executive program. When they first started it they offered the program at half the cost of Duke's WEMBA, roughly 35k at that time. The thing is people still flocked to Duke's and not Chapel Hill's. The reasoning was that people were already weary if they were going to get a quality experience since it was an "executive mba" and the lost price point served to confirm their suspicions. They closed the program, waited a year and then reopened it at a much higher price point (roughly 85% of Duke's).

That aside, people who say "yeah I want to get my MBA but I won't go to X because its cost is $texas, so i'll go to NCSU/ECU instead" are the worse kind of MBA students. There is much to be gained from getting an MBA and there are stark differences in the level of strenuousness among programs. If you don't care where you're getting your MBA then you shouldn't get one at all.

4/22/2012 8:50:14 PM

I think weighing the benefits vs. the costs and making the best decision for you and your family is in no way a reason to label a person the 'worse kind of MBA student'

4/22/2012 9:51:29 PM

^ seriously.

If you're getting a graduate degree in business but aren't weighing your ROI, then maybe you'd be better off getting a liberal arts degree instead.

An MBA is not about the academic rigor of the program, its about networking and who recruits what school.

[Edited on April 23, 2012 at 3:55 AM. Reason : a]

4/23/2012 3:53:23 AM

it's like psychology....but in REVERSE

4/23/2012 8:07:13 AM

For those who believe that the MBA isn't about the rigor of the program then you clearly have no real knowledge of what an MBA is. Also, looking at ROI is the most idiotic way to evaluate which program to choose, as well.

Yes, to an extent it is about networking, as is anything, but that component does not negate that anyone who pursues an MBA should expect to expand their tool kit with the type of skills that result in really accurate decisions and innovative solutions.

face did state it is about who recruits at what school, which is true, but a lot of that has to do with the rigors of the environment. You don't want to look at just what companies employed new hires but the percentages as well.

Regarding ROI, if I invest $5 and then make 1000 that would be a significant ROI. BUT if I invest 1000 and make 100,000 the ROI is less but the total value add is greater. Since one can control for the amount of investment and an individual can't take what they would put in expensive school and let it act as further investment into a less expensive school and recoup those gains, ROI is entirely ineffective. NPV or EVA is a far more effective means. Anyone who doesn't realize this also should not pursue an MBA.

The above not withstanding, the reason I say that those who evaluate MBAs on cost alone are the worse types of MBA candidates is because it is clear that they want the degree for the title alone and not necessarily for what they will learn. Also it does not signal that those candidates believe that they are talented enough to use to skills to generate additional wealth to account for the investment. If that is the case, then they shouldn't get an MBA period.



[Edited on April 23, 2012 at 12:21 PM. Reason : .]

4/23/2012 12:18:27 PM

yep, I'm surprised we still have an MBA program going here. I feel bad that the university is duping everyone who is in it.

4/23/2012 12:23:53 PM

its nothing but incremental sales for the university. thats why so many of these programs are popping up.

there was demand in the market space but there was limited supply (not everyone is qualified enough to get in) so schools in search of revenue after huge budget cuts decided to fill this market segment with low cost options. At this point there is an option to get an MBA for basically anyone who can read. ultimately, that will devalue the brand of an mba and turn it into another degree that is largely worthless for most people who have it.

4/23/2012 12:44:42 PM

Perhaps, but for some people who already have networks/contacts/experience/etc, an online MBA is a feather in their cap.

Plus the way people use social networking media these days, an online degree might be even more useful than a traditional one.

4/23/2012 12:48:03 PM

I see where you're going with the NPV argument rather than ROI. (although the argument you're presenting is typically more relevant for NPV vs IRR for capital budgeting)....

Understand that it's fairly difficult to estimate NPV on something like an MBA education.

So if you're forking over $100k + ~$50k living expenses for 2 years then you better be pretty darn sure your calculations are correct.

Example:

Quote :

"If two investments have an NPV of $100, it may seem as if both were lucrative; however, if one has requires a dedicated investment of $10,000 and the other $1,000,000 it’s obvious the former is a much more promising investment."

Some people would be better served with a cheaper MBA program (say in-state tuition at UNC-Ch) that will add $30k to their salary while maintaining living costs (perhaps they are married or have roomates that cover their mortgage) while others will be better off shelling out the dough at harvard with hopes of becoming a bigwig up North.

Let's say I'd prefer to live in the Southeast rather than the Northeast. Will NYU add that much more value over UNC-Ch? Maybe not.

There are certainly a lot of factors to consider.

One thing that is often not discussed is that northeast degrees often offer much higher salaries because the jobs their graduates land tend to be in the most expensive cities in the US.

And dont forget they will pay drastically higher taxes and often work longer hours.

[Edited on April 23, 2012 at 12:56 PM. Reason : a]

[Edited on April 23, 2012 at 12:57 PM. Reason : a]

4/23/2012 12:55:38 PM