Poets & Quants explores the eye-popping salary potential for new MBA grads pursuing consultant roles in a January 2017 article titled What MBAs Earn at Top Consulting Firms. The allure of a $200K+ compensation package entices prospective MBA admits with aspirations of debt free, jet-setter sexy, problem-solving, solution-oriented careers. Sign me up!
Many classes in the Notre Dame MBA program (as well as other MBA programs) involve reading and analyzing case studies. For those of you not familiar with case studies, they often look like this:
John Smith, CEO of Pseudonym Inc., stared out his office window on a Friday morning. He had just gotten off the phone with someone who had conveyed a really dire business problem to him. Would Pseudonym Inc. go bankrupt? Do CEOs actually stare out the window every time they get a phone call?
Pseudonym Inc. was founded in the 1970s by Steve Gobs. It had a breakthrough product in the 1980s with the Banana II personal toaster oven. In the 2000s, it revolutionized the personal toaster oven category with the jPod and the jPhone, which fit in consumers’ pockets and allowed them to heat up individual nachos or small handfuls of chestnuts on the go. This poorly disguised company history will be of no help in solving the case. Continue reading “Here’s every case study that you will read in business school”
I was recently forwarded a USA Today article from my mother (which is generally how I get news of the outside world). The piece was entitled “How much for a sandwich? Try $90,000 in lost savings”. Here’s the link:
This story grabbed my attention for a number of reasons. First, as an MBA candidate, I feel it is my duty to verify the present value of future cash flows. Second, I am a connoisseur of fine sandwiches.