| Topic Name: |
Who is hiring? |
| Message Name: |
missing the point |
| Date Posted: |
05/08/2003 |
| In Reply To: |
Why do you think this is such a ridiculous discussion? The press picks up a story about every six months as a new organization, professor, etc. does an MBA ROI study. Obviously, there are many people who are very interested...
Besides, b-school is a notable exception as a "trade school" where a degree [and an entrance exam!] aren't required for the profession. A doctor can't practice without med school [and boards and residency and specialization...] but no one will stop you from "practicing business" without an MBA.
So, Steve2003, please explain to me why the value [or lack thereof] of an MBA is so obvious... |
| Message: |
he is not saying that its not about the money,
he is saying that if you knew anything about hte nature of an mba program, you would realize how futile it is to measure ROI on it.
So much of the MBA program is about exposure.
1. exposure to new ideas
2. exposure to new people (networking which even the roi morons get)
3. exposure to a business/social culture of the elite
4. exposure to different industries and how they work.
all of these things, in ways that are subtle and hard to measure, add tremendous value and consistently missed by those who try to take a hard numbers approach.
quantitative analysis systematically overestimates measurable returns and underestimate hard to measure returns.
not everyone who has an top tier mba phrases it this way, but most everyone understands the softness of the benefit.
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