MBA No Guarantee Of Success, Pace University Study Says
March 10, 2008 by Mark Jabo
Filed under Uncategorized
Advanced Degree Does Help Graduates Stuck in Dead-End Jobs to Be More Bitter, Cynical Than Their Co-Workers
A recent Pace University study discovered that fewer than one in three of the top 488 companies had a CEO with an MBA at the helm. The study also showed those companies headed by an MBA-toting CEO performed marginally worse than those companies who had a CEO who graduated from the School of Hard Knocks.
The nation’s top business schools were quick to point out that the average cost of a 2-year MBA was only about $100,000. A spokesman for the schools maintained that, with an average post-graduate salary of $84,000, MBAs who live under a bridge and don’t eat for a year and a half will actually come out ahead.
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MBA pondering career move
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The school calculations don’t take into account any additional costs for striped shirts, Bluetooth earpieces or hospital bills that result from getting your ass kicked for scream-talking about a business deal in a quiet restaurant.
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First let me welcome you to the business channel Mark. I have found your writing interesting and some what edgy. It shouldn’t take you long to find a following.
On this particular post, based on the research, why should anyone bother getting an MBA? Or any post graduate degree for that matter?
I am a firm believer in education. Especially in this country (US). With or without a degree of any kind, people struggle. Post secondary degrees if nothing else giving you a fighting chance in the job market, whether you are worthy of the alphabets that accompany the degree or not. You at least position yourself to get a decent job with decent pay, whether you ultimately run the company or not. That’s my 2 cents.
Darlene
Interview Guru
http://www.interviewchatter.com/