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by robertdempsey
6289 days ago
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I started my business many years ago with no formal business training and no business experience. I've learned a lot along the way. I am now completing an MBA, and my experience is very different than what the article's author describes. I'm going to school while running my own company (read working 12-16 hours a day), attending business and tech events, speaking, and trying to spend time with my family. My experience with the MBA program I am in is that it has made me a better business person from the standpoint of knowing what to look at and measure with my business. I didn't understand nor pay attention to any of that the first go round and the company did horribly. Having said that, anyone that comes out of business school expecting to know everything, and acting like it, is sorely mistaken. That's not how anything in the real world works. As with anything, you need experience, and that takes time. An MBA gives you a fundamental business education, not experience. |
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On the article I think the author is off-base here and I think you as a person are exactly the reason why. Staying in school 2 more years is not a "high risk/high return" situation at all (as the author claims). It's a no risk/guaranteed return situation (MBA's make more in the workplace, that's been proven by countless studies)
The real high risk/high return folks are the ones who go out and start a business or join a startup. That's truely a risk.
Anyway, once you've disproven the idea that an MBA is a high risk action the rest of the author's thesis falls apart.