Comments about ‘Not only students have reason to fear, MBA professors' future is shaky as well’
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MBA school is a content-free education.
The race to the bottom continues.
So are most of other schools that offer associates and bachelors degrees. Those degrees are only slightly better education than high school, and with a much higher price tag.
Adam Smith's invisible hand aside; Is it just me or does that 3rd paragraph reek of irony?
President Obama constantly harps on everybody going to college, but think about the borrowed money to do it, and then no real job prospects to pay for it later. College is not the end-all and be-all but to go into debt that ruins lives, and often students majoring in courses that do not actually lead to anything useful in particular. Better to shift gears and make high school more meaningful in preparation for entering the real, cold, dark, uninviting world. Everyone should learn at least one basic skill that will carry them forward through thick or thin.
@irony guy
The basis for your comment?
Oversupply of MBAs was easily predictable with every university offering "Executive MBA" degrees and questionable for-profit "universities" popping up everywhere with lite weight degrees. At the same time, there will always be a market for students with strong analytical skills. Generalizing this article to the merit of a college degree is silly. Just look at the breakdown of unemployment during the last recession. Overall 8+ percent but broken down by education - college degree 4.5%, high school grad 13.5% Still think college is a waste of money?
A pro Football team with Tenure would never win a game. They wouldn't be motivated to work as hard and they would stay way past the time they were valuable. Then the Team would go out of business.
Getting an MBA 11 years ago was the worst decision of my life. I got into tens of thousands of dollars in debt, and after 10 years in marketing, got laid off three times. I finally changed careers by getting a much better master's degree, and now I have a fantastic job with a great future ahead. Don't get an MBA. Overhyped and overvalued.
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