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December 30, 2010

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excellent post and one that welcomes strong favoring and opposing opinions with open arms. but - i love the thoughts and topics discussed.

i agree with what the post has to say. however that said, i have and will always getting a good formal education (through the credentialing process) because that is what our society recognizes, accepts and rewards. while failure rates are high in entrepreneurship, having the credentials required for a stable job/career is a good safety blanket to fall on.

this post is very much consistent with my beliefs as i am a big proponent of starting it up (entrepreneurship) on the side while maintaining a full time job. it really comes down to personal risk mitigation while maximizing upside potential.

Agree. An MBA is simply a step and shows that you can complete a course of education. It won't necessarily make you a great business leader. MBA courses are money makers for universities, thats why they are advertised so heavily. You need a good formal education, but it doesn't have to be an MBA - do something different. It might make you a more interesting person.
Outside of the US, having an MBA does not rank terribly highly in hiring decisions. Very few people at my firm (of over 20,000 in this country) has an MBA. For us a CPA is more important.
Does the cost / benefit weight up? Maybe in the first few years, but once you have 10 to 15 years experience under your belt, showing what you can do is more important than the bit of paper.

Already requested your book :)

Great article with a number of important points weighing the options of going back for MBA. As an aspiring business professional presently weighing that decision I found this article very helpful and relieving. Thanks

Bobby

I liked what they said at the college I attended. They said there was no way they could teach us everything we needed to know. Their job was to teach us how to find and use what we would need to know throughout our lives and to help us become useful citizens.

Josh, you hit the nail on the head. The MBA as an entry ticket to a specific career track, not an entry ticket to entrepreneurship or business in general.

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