Interesting comments from Michael Girdley. In the 1970s, the US graduated about 20k MBAs/year – today we graduate about 200k to 250k MBAs/year. The result is we now have too many people with an MBA degree relative to the market demand. Even grads from top schools are taking months to find jobs.
Michael suggests that an MBA is worth it but only if from one of the top 30 or so programs in the country. It’s not the curriculum – it’s the network of other top students that will prove valuable for life.
He disparages – fairly – those MBAs that seem to mostly attend meetings and do Powerpoint presentations. However, there is much more to an MBA degree than that – such as finance and financial planning, business strategy and marketing, and basic management skills. If you, with an MBA, are just spending time doing meetings and presentations, you need to step up your game.
I have both an MBA and an MS in software engineering and undergraduate degree in computer science.
