Here’s an infographic on the cost of an MBA.
And steep tuition is continuing to climb further while salaries stay stagnant.
That applies even if it’s just a normal degree.
Less people are hiring MBAs
Really? It might have something to do with being overqualified.
Of all US Presidents, only 1 has an MBA: George W. Bush
That’s interesting. Maybe a political career takes too much out of a candidate for him/her to take up studies.
What’s an MBA?
MBA stands for Master of Business Administration. I don’t have one, so I’m going to make a general assumption. You study how to administer a business, right? Accounting, finance and whatnot.
I don’t know the actual course curriculum. Does it focus mostly on administering a medium to large sized company? Does that appeal to you? Will what you learn benefit you as a startup founder?
I would even go so far as to say you’d be learning to administer other people’s money. You’d have bar charts and pie charts and business matrices to support your argument to your superiors that they should go about their business this way, or handle their finances that way, or streamline their product lines in such-and-such way.
But it’s not your money. It’s not your money on the line. You’re not worried. If your proposition fails? The worst that can happen is you get a pay cut. Possibly even get fired.
I’m all for getting a degree (but start a business on the side too). But an MBA seems like an overkill.
After over 2 years of running my own business, I’d say nothing gets you up to speed on how to administer your finances than having your own money on the line. And it cost me less than my degree, let alone an MBA.
Get an MBA if you feel it’s worth your time and money. Just don’t get one because everyone’s getting one (or telling you to get one). Make your own decisions.
Thanks to Tony Shin for telling me about this.