Why take an MBA?
I came across an interesting article called, An MBA: The founder’s recipe for failure, where the author, Jay Bhatti claims that to take an MBA doesn't help to be an entrepreneur.While this line of thinking works well in private equity or hedge funds, where you can analyze years of data about a company and model out how the companies’ profits will be impacted by changes in the market or changes in the structure of the company, you cannot do this type of analysis when trying to innovate. When it comes to innovation, an MBA is probably the worst training you could have.
The MBA program is designed to teach people to look at prior data and patterns in order to identify future outcomes. In the real world, this just does not work when it comes to new markets or innovation.
I didn't take any MBA but my view about higher education is the following.
1.You don't get better at University, what you learn there in 2 years you could learn reading and living in the real world.
2.The people who go to Harvard, etc...were already the best before they entered (they are cherry picked with multiple tests & interviews)
3.It his very useful to carry an Harvard/Yale diploma. It helps to open doors.
4.The people you meet there are probably going to help you during your career (You should miss no parties, only classes)
5.Some of the ideas you learn in an MBA are probably going to harm your performance (Copy the best in class, etc....)
In conclusion, if you want to work for someone else it's good to carry an MBA from the best schools. If you are going to set up your own business don't do it, because you don't improve, you could get contaminated by some people with no real experience and you would be big time indebted.
If i had to take 2 years off to study i would like to do the Great books program at St.John's College.
“Enlightenment is man's emergence from his self-imposed immaturity. Immaturity is the inability to use one's understanding without guidance from another. This immaturity is self-imposed when its cause lies not in lack of understanding, but in lack of resolve and courage to use it without guidance from another. Sapere Aude! 'Have courage to use your own understanding!' - that is the motto of enlightenment.” -- Immanuel Kant
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