The 1950s was an exciting time for the US economy. The dark years of World War II fade into the rearview mirror and growing businesses realized they needed a new type of manager who would oversee conglomerates that spread across borders and dozens of brands.
But instead of grow their own talent, companies turned to the burgeoning academic management programs, who granted an MBA for help.
- The management’s doing, not of academic studies
- Programs they created “crown princes” marked for senior positions who knew very little about business that would direct
- Society needs entrepreneurs not business managers
MBA students are generally higher than they’re in 1950.
6 decades later, most programs take into account their point and now require some years of work experience. Companies began to demand it.
The fundamental perception’s still there and can worsen as open opportunities for people to learn skills outside the formal university environments.
People also still debating whether the programs cover the business skills needed by society.
An elite MBA can be ideal for creating networks of contacts but there’re other ways.
Even large companies need people inclined toward taking risks in order to prevent large corporations become in “arteriosclerotic”. And many business students are interested in running their own businesses.
Even if the programs teach entrepreneurship, its structure may work against their practice. Tuition fees and living expenses over six figures in the main programs.
There’re still good reasons to get an MBA. Major consulting firms in the world, recruited from the best business schools. And a degree’s a way to gain an advantage in many companies.
The answer lies in the goals that you’ve for your own life, because if we talk about business, such programs are the best to successed.