The MBA - Sending Lots of the Wrong Signals
What a difference half a century makes. In the late 1970s the MBA was the ticket. For getting in, for being promoted, for the knowledge assumed to be required to start a business. In order to transition from non-profit to the private sector I took calculus, the GMAT and coaching for my application to be admitted to the MBA program. I was right: One semester in, I landed a plum job in Big Oil at more than double my salary and with an expense account. Now, as The Wall Street Journal has been telling us for a few years and again today: The marketability of that degree has declined. That's because employers not only value hands-on skills more than education. The MBA sends the wrong signals. Those include: Expectations of higher wages Entitlement for special treatment Stuck in school-learning that has to be unlearned. Too clever by far. There is the stigma of being branded negatively as the smartest kid in the room and, as with Jeff Stilling who was a Harvard MBA, w...