I don't know. As the son of a High School teacher and an unemployed father from a third world country, I'm probably not what you call "smarter rich kid" yet I went to a top 5 MBA. Many of my classmates came from equally diverse backgrounds and nationalities. I think 30%+ of my class were foreigners.
But go on, it's easy to hate on MBAs. It's the one bigoted view everyone is seemingly allowed to have.
It is easy to hate on "prestige" MBAs, but I think it has more to do with there being little to no empirical evidence that it prepares students for business success in the real world.
Also, a lot of people have endured "elite" MBA's entering the workplace into positions of seniority with no prior experience and exactly the results you might expect under the circumstances.
> little to no empirical evidence that it prepares students for business success in the real world.
I haven't seen much evidence to the contrary, either. All I see is anecdotes from both sides, so I'll give MBAs the benefit of the doubt. Speaking for myself, I am an entirely different person after completing my MBA. I've become an analytical thinker to a fault and maintain my soft skills. Learned a metric shit ton of corporate finance, business strategy and decent macroeconomics.
> Also, a lot of people have endured "elite" MBA's entering the workplace into positions of seniority with no prior experience and exactly the results you might expect under the circumstances.
Shitty people exist everywhere. You don't have the counterfactual to know if those bosses would be even worse without an MBA. Seems to me like that's more of an issue with HR hiring processes than with the intrinsic values of a rigorous MBA program.
"Shitty people exist everywhere. You don't have the counterfactual to know if those bosses would be even worse without an MBA"
Not at all what I was saying, but since you brought it up: MBA or not, I'd expect the outcome of someone with zero real-world experience being elevated to a position of making executive decisions would be universally shite.
Yes, it's entirely to do with HR processes, but nonetheless the reason MBA programs exist at all is because they offer students the outcomes that they do - outcomes that are entirely unwarranted based on any evidence that currently exists.
> Not at all what I was saying, but since you brought it up: MBA or not, I'd expect the outcome of someone with zero real-world experience being elevated to a position of making executive decisions would be universally shite.
Where do you get the notion that MBAs have zero real world experience? That is factually incorrect.
It's an article in the Guardian that, to give the tldr version, suggests that MBAs retain usefulness for getting jobs, but with no evidence of impact on capability.
Many of us weren't. You claimed MBAs are exclusively for rich kids. I provided data to refute that baseless claim. The point on how many foreigners there were is just a freebie.
I don't know about Harvard MBA students, I didn't go there. But you can go ahead and google each school's class profile. Maybe that info is out there.
But go on, it's easy to hate on MBAs. It's the one bigoted view everyone is seemingly allowed to have.