Business School: Junk Science?

As someone who thinks about business school down the road and honestly has fairly mixed feelings about business school, in general, I'd like to get your guys' opinions on this short video.

 

5% of people in this world are hardworking ass kickers. 1% control the majority of the world's wealth. While you may not know the answer to everything, if you kick ass at everything you touch you to may succeed in life brah.

Or you could go to a top business school and get a nice finance gig to slave into your 40s/50s only to grow apart from your wife and children. Mwahahaha - Forbes Life affirms the later for me all day every day.

If you ever second guess business school, it's not for you.

 
Cartwright:
You don't go to business school to learn. You go for the network and the access.
And the bitches.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
happypantsmcgee:
Cartwright:
You don't go to business school to learn. You go for the network and the access.
And the bitches.

Yes bruv

- Only time will tell....
 
Cartwright:
You don't go to business school to learn. You go for the network and the access.

He talks about that. He wonders if there are much more efficient ways of doing that, and questions whether that's supposed to be the goal of business schools.

happypantsmcgee:
Cartwright:
You don't go to business school to learn. You go for the network and the access.
And the bitches.

Unfortunately, he left that part out, haha.

 

Business is not a science, thus the discussion can be somewhat misleading. I understand a ton of people here where math, engineering, science and computer science majors. But it doesn't work like that for an "art".

Business is the art of selling, that's all. You don't need to go to school to do that. By getting an MBA you can add more people on your network to sell to and you go there to learn anything you need to sell stuff.

Now Finance and accounting are closer to science. There are not too many way of doing it. And you know if you are right or wrong, there is not a lot of room for debate. Consulting, marketing, human resources are definitely arts.

At the end of the day, even if you learned Finance, you will need to get used at selling, presenting and the art of managing.

 

The thing is, when I see videos like this, I really question the value of b-school. It makes me think if I go back for (another) master's degree, I should probably study something where I know I'll actually learn something (like computer science, for example). But, I still hear what you guys are saying about the network. I just wonder if there's much more efficient ways to network (as paying $200K for a network is a though pill to swallow, for me at least).

 
Best Response

Supposedly, the book is based on this article: http://www.theatlantic.com/magazine/archive/2006/06/the-management-myth…

The strange thing about my utter lack of education in management was that it didn’t seem to matter. As a principal and founding partner of a consulting firm that eventually grew to 600 employees, I interviewed, hired, and worked alongside hundreds of business-school graduates, and the impression I formed of the M.B.A. experience was that it involved taking two years out of your life and going deeply into debt, all for the sake of learning how to keep a straight face while using phrases like “out-of-the-box thinking,” “win-win situation,” and “core competencies.” When it came to picking teammates, I generally held out higher hopes for those individuals who had used their university years to learn about something other than business administration.

After I left the consulting business, in a reversal of the usual order of things, I decided to check out the management literature. Partly, I wanted to “process” my own experience and find out what I had missed in skipping business school. Partly, I had a lot of time on my hands. As I plowed through tomes on competitive strategy, business process re-engineering, and the like, not once did I catch myself thinking, Damn! If only I had known this sooner! Instead, I found myself thinking things I never thought I’d think, like, I’d rather be reading Heidegger! It was a disturbing experience. It thickened the mystery around the question that had nagged me from the start of my business career: Why does management education exist?

 

This guy's a troll for saying that other degrees pay just as well as an MBA. The truth is that besides the networking, the MBA is an entry point for the most prestigious positions in business and on Wall St. Without it, go convince someone that although you were in ops till now, you'd make a kick ass ibanker. Everybody knows that the MBA is largely overvalued, but it signals to people that you have the determination, and are willing to pay the price, for being successful in business and on Wall St. That's all.

 
Coco Nut:
This guy's a troll for saying that other degrees pay just as well as an MBA.

Did he say that? I only remember him saying that tons of other degrees prepare you just as well. He hired lots of MBAs and non-MBAs for his consulting firm, and he claims there was no difference in their ability to do the job. I think he agrees with you that MBAs command a higher salary, I think his point is that it's completely unjustified.

 
EL Toro:
I really wanted to turn this off tho because the bimbos (interviewees) on CNBC are complete idiots/extremely annoying. They ask such useless questions...

Check out the other links I provided in this thread, they're a lot better (but a little longer).

 

no1 is doubting that b school leads to high paying job etc...

I still don't understand the value of what's being taught. It seems like one big pile of fluffly bullshit.

Even the finance courses I took at undergrad were a joke compared to my econ courses...

 
leveredarb:
I still don't understand the value of what's being taught. It seems like one big pile of fluffly bullshit.

LOL - well played.

 

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