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Monday, November 11, 2013

The Value of an MBA

What is the value of an MBA?  This is a similar question to the value of a bachelor’s degree (especially in Sociology or Fine Arts). In general “value” might be considered as the ratio of benefits to cost.
My experience working for and managing the hiring process for big companies tells me that a year or two after graduation, managers and employers could care less what degree one has. Instead they care about: 1) how intelligent you are 2) how hard you work and 3) your common sense.

MBAs may get higher starting salaries but after a couple of years, dynamic companies care about what you are bringing to the party today rather than your “credentials”.

This is a fascinating part of the article: “She is even advising people to apply to a top school, get an acceptance and then decline to go. Put the fact (of your acceptance) on your resume and Zanetti thinks it will have nearly the same value as going to an MBA program for two years.” ‘It’s like being an Academy Award nominee instead of an Academy Award winner.” She writes. “But the difference between the two is mortgaging our future and accepting the risk of getting stuck with a monumental student loan.’


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