Is the MBA Bubble Bursting?
The renowned Thunderbird School of Global Management is selling its campus to for-profit college operator, Laureate Education Inc., in an attempt to stay afloat.
At one point in time, the MBA was considered a ticket to top investment banks or consulting firms, but a financial crisis and down economy hampered what was left of that reality.
I love my MBA students, but I question their timing for pursuing their degrees. Students with years of work experience have much to gain (from each other) when they are together in a classroom. But most MBA students I see have (maybe) two years of career experience; I can reach those students in my own way, but they are honestly better off career-wise at Hamburger University instead of a State U MBA program.
I’m not immune to this criticism; I sought my MBA two years after my undergraduate work. By the time I finished my degree, the inexperienced and overeducated Jason was told by employers that “if this was 1997, we could afford to hire you, but now we need people with experience.”