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March 13, 2006

"Is The MBA Overrated?"

The latest issue of BusinessWeek has a great article titled, "Is the MBA Overrated?" that asks ... well, it's pretty obvious what it asks. And the answer, with so many of these things, is 'it depends'.

The basic finding of the article is that (stop the presses!) an MBA is not necessary to run a company on the S&P 100. Turns out that an MBA - even an Ivy-league one - is not a prerequisite to being CEO. Instead, the value of the degree seems to collapse into one thing:

Headhunters say that while an MBA may help land a first job after graduation, the career benefits from that moment on are almost nonexistent. "In the pure Darwinian world we live in, pedigrees mean nothing," says Peter D. Crist, chairman of Crist Associates, a Hinsdale (Ill.) executive search firm. "It's instinct, it's hard work, and it's raw intelligence."

Exactly. I get pinged semi-regularly from folks who are considering an MBA, and a few of them have notions that an MBA is the key to the executive washroom. Nope, nada, ain't gonna happen. Your MBA is the skills you learn, the people you meet, and the access to recruiters you get while in school. After that, the degree just looks good on your wall.

(But hey - if you still want fame, fortune, and access to hot members of the opposite sex ... I'd try the music business.)

Posted by Gavin Shearer at March 13, 2006 10:52 PM. Posted to UW MBA.

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