Are MBA’s Over-rated?
According to this interesting article,an MBA isn’t all its cut out to be.
While having that M.B.A. might give you a boost, the reality is that the degree generally isn’t a guarantee or indicator of your future success. Business success has more to do with leadership, talent and a drive for excellence than it does with having a degree from a prestigious university. An M.B.A. can help you get your foot in the door, but according to Peter D. Crist, chairman of Crist Associates executive search firm, “it’s instinct, it’s hard work, and it’s raw intelligence” that will really help you get ahead.
It references this article in Businessweek, which is also worth checking out.
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August 15th, 2007 at 6:09 am
I went to one of those colleges where the undergrad business degree is very similiar to an MBA. All my professors (who also taught the MBAs) routinely told us that we got more or less the same books, class format, and exams as the MBA students.
I don’t plan to get my MBA for that reason and because you don’t need it to be successful in most business careers. In my industry (and I work in finance), employers often try to avoid hiring MBAs because they cost more and generally don’t end up producing better results.
In some very specifice industries you just need it hanging on the wall to get promoted or to get the “good” clients. But unless I happen to end up at one of those jobs–in which case my company should help pay for the degree–then I don’t plan on spending all those years and hundreds of thousands of dollars to read case studies and have discussions I’ve either already done or could do for free at the bookstore and online.
August 15th, 2007 at 7:03 am
Good article–I like your blog and put a link to it on mine. Keep up the good work!
By the way, thanks for your comment and for visiting my blog. I did graduate from college (details are on my site), and I fully intend to have the income to qualify for those mortgages.
August 15th, 2007 at 10:40 am
I think MBAs are very overated. I have a BA and side income and that suits me just fine.
I know people that have an MBA and making less than $50K a year, not worth the educational debt.
Education is good, but if you have great skills you may not need to further engage in a higher degree. Take seminars or workshops to educate yourself. Play the stock market or create a side income streams to supplement your current salary.