MBA. A good investment or waste of time?
Todays' economy is anyone's game. Someone recently made a poignant comment to me that our society is simply making a transition from Indsutrial driven society to Information society.
That said, would you say that an MBA is still a good investment or are those who have been most successful in an Information/Social Media society those who think outside of the box (free original thinkers)?
That said, would you say that an MBA is still a good investment or are those who have been most successful in an Information/Social Media society those who think outside of the box (free original thinkers)?
Tags: age, business, business-degree, college, economy, educate, education, industrial, industry, information
Replies to This Discussion
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Permalink Reply by SUp.biz, COO on -
If your business is struggling or if you have lost your job, then it is better to go back to school in an economic downturn. This allows you to increase your education in a time where the opportunity is not as great.
Getting an MBA is still a good investment, especially right now. There are also many executive MBA programs for people that can not go back to school full time.
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Permalink Reply by Norine 'Action' Jackson on -
I think it depends... In this economy, an MBA won't always guarantee a lucrative job offer, if you're able to find a job these days. But, if you do get that dream job, the pay can be quite lucrative, especially as a senior manager.
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Permalink Reply by John Workman on
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It all depends. If you’re looking for a job the MBA will be invaluable. If your goal is to work for yourself then personal characteristics such as discipline, dedication, drive and a good idea will be much more valuable to you than an MBA. There are just too many examples of business people who did not even have a college degree let along an MBA gain extreme success in the business world. So, the bottom line is "what do you want"? A job or a business.
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Permalink Reply by Sandeep Nath on -
Watch this video and you'll get your answer http://vur.me/drwhitefield/rkvideo
I have done my MBA and that held me back from abundance of the B-quadrant since a long time
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Permalink Reply by Nascent Dynamics ( ) on -
According to Lester Thurow, a professor of business at MIT's Sloan School of Management, the transition is to a knowledge-based economy. In a nutshell, that implies that the rate and complexity of change is making (units of) knowledge quickly obsolete. So it behooves you to continuously improve your knowledge to what is currently in demand...and perhaps what is going to be hot next. For that, an MBA is essentially like buying a new car whose value drops incredibly as soon as you drive it off the lot. Still, if you know what you are doing, the accreditation and affiliation behind an MBA can be very useful and applicable as a long-term durable advantage in knowledge. I personally like to say we are already moving beyond the knowledge-based economy to an intelligence-based economy.
Best,
Anthony
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