Is an MBA Worth It?
Here is a question for you: Every year thousands and thousands of emerging business leaders attend Business School. Some do it for the network, some do it for the degree, and a few even attend school to learn a couple of new tricks. At the end of the day, is an MBA worth it?
Some say that business is more art than science requiring just as many soft skills (social interaction, leadership), that are near impossible to teach, as hard skills (finance, accounting). These detractors say that any hard skills needed are learned on the job and that a network can be built the old fashion way, and so an MBA is just plain useless. They go on to say that anyone who will make it in business will do so regardless of any three letter degree, and that formalized business training might even inhibit the creative juices.
At the other end of the spectrum, there are those who swear by the MBA. They point to the benefits of a strong network of contacts, a deeper understanding of core business skills, and the benefits of a prestigious degree. They understand that an MBA is not a pre-requisite for business success, but they argue that it is quiet helpful and increases ones odds significantly of “making it”.
I hear both sides of the equation and I wonder what you think…does an MBA increase the likelihood of success and is it a good investment?
Entry filed under: Start-up.