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.
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.
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?
@irony guyThe basis for your comment?
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
Adam Smith's invisible hand aside; Is it just me or does that 3rd paragraph
reek of irony?
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.
The race to the bottom continues.
MBA school is a content-free education.