Phi Beta Cons

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.”

Caveat emptor.

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