Where The Value Of An MBA Does Lie

With the economy doing crazy things many people are considering going back to school. Perhaps some want to get a masters in business. While that would be a great status symbol the real question for any entrepreneur is does the degree actually hold value?

The MBA is a degree with a wide range of curriculum's from various schools. Many schools break it up into specialties. Business is after all a very opened ended type of thing. Business happens on all levels. For example a business school in Miami may focus on trade whereas a business school in Los Angeles may focus on the music industry.

Because of this a major aspect of finding the value in the degree may be targeting to what is obtainable. For instance if you already have a foot in an IT company it may be beneficial to target an MBA with an IT emphasis. This would probably increase your job prospects and guarantee after leaving college.

But wait why is an entrepreneur blog discussing getting jobs? For the purpose of this blog I will say if you want to succeed as an entrepreneur you will face massive uncertainty, failure, hard work, and crazy journeys. School will do nothing for you. You will be on whatever square you are on. When you leave it is your initiative, mental strength and will power to succeed.

What about academic value? Generally schools do an abysmal job of giving people any real world value. Generally 1 percent of MBAs really score the job that they advertise on the school site. These people are generally well connected, have great social skills, and tremendous initiative in their self branding efforts.

Are loans and debt worth it? Yes and no. Being in a good debt is nothing to feel bad about. At the same time these loans could be used at present to utilize your skills to start a business. For instance I would rather spend that cash on domains so at least I have something to hold onto. If college is 100 grand a year for instance I would rather take a loan out and get a top level domain like Business.com . (business.com a billion dollar domain is out of my league but I would get something for the price)

What if college is too much and I get overwhelmed? Countless people drop out of the MBA game. Many never return to grad school again. Maybe its in their head. Maybe the school is just a hard one. Maybe anything else. But if you attend grad school do not be surprised if you end up not graduating and feeling bad that you have spent the money.

What are some alternatives? Take the loans and get computer equipment, programs and other gadgets. Relocate where there are more opportunities, jobs, good people, fast promotions, and a great life. Invest the money into more tangible goods like real estate for instance. You can get a condo in a big city for nothing these days. Travel the world. Open up an Internet cafe. The possibilities are endless. Never limit yourself to the choices that society gives you. You are smart. Think outside the box and answer the why question. Then do it.

What authority do you have in giving people career advice? Absolutely nothing my friends. It is your life. It is your choices. It is your consequences, successes and failures. You are the pirate at the helm of a pretty tight sailing ship. I know a storm is coming, but making choices like building your online brand will save your life one day. I can guarantee that.

To conclude leave a comment that is more intelligent than anything that I can muster.

For further reading check out:

Is An MBA Worthless?

Recruiting Drops At Business Schools

RIP MBA? A Worthless Degree Bites The Dust?

The MBA Job Market Manifesto


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