Question 1: Why do MBBs love MBAs?
I'm an engineer from europe and the people here study undergrad + master in business administration for around 10-15k instead of MBA's for 100k+. But they get into MBB's at lower positions.
Question2: So i know the MBA's have work experience but I cant understand how an MBA Student (lets say who studied history or arts in undergrad) can gain the same knowledge lets say at Insead in 11 months if you compare the knowledge of the undergrad + master student who went to a top business school in europe for 4.5 - 5 years?
Question 3: So i heard that an MBA is for networking and people who want to switch careers. And i heard that the academics are not so deep. You will just get a broad knowledge in business (general management). Is this true?
Question 4: If Question 3 is true how can this people work at MBB's at higher positions and consult big customers with only 11 months business school, where the main goal is to network and not academics?
Question 5: I know the undergrad + master student doesnt have work experience and this is important but lets say that this undergrad + master student works at mckinsey. After 2-3 years at Mckinsey this guy must be much better than the Insead MBA Student who studied arts before insead? Because the knowledge of the undergrad + master student must be much deeper and broader. This is just a logical assumption. Please correct me if I understood something wrong.
Question 6: So when I'm just more interested in the academics (business knowledge) it would make much more sense to do a second undergrad in business for very low cost instead an an MBA where people just want to climb the corporate ladder or switch careers or get a raise and network and party :-) ?