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Research shows that business schools do not contribute to business success: http://www.aomonline.org/Publications/Articles/BSchools.asp http://www.aomonline.org
by joshkaufman 16y ago
Research shows that business schools do not contribute to business success: http://www.aomonline.org/Publications/Articles/BSchools.asp http://www.aomonline.org/Publications/Articles/BSchools.asp
From "The End of Business Schools?: Less Success Than Meets the Eye" by Jeffrey Pfeffer (Stanford University) and Christina T. Fong (University of Washington):
"Although business school enrollments have soared and business education has become big business, surprisingly little evaluation of the impact of business schools on either their graduates or the profession of management exists. What data there are suggest that business schools are not very effective: Neither possessing an MBA degree nor grades earned in courses correlate with career success, results that question the effectiveness of schools in preparing their students. And, there is little evidence that business school research is influential on management practice, calling into question the professional relevance of management scholarship."
Far better to skip the MBA and teach yourself. Better results, and far less debt.
- anamax 16y agoI wonder how the biz started by Stanford Engr students compare with those started by Stanford Biz students? (Yes, Stanford's CS department is part of its Engineering school.)
- rohin 16y agoI can't speak to the success rate of the engineering students, but I graduated from the business school in '07. In my class about 10 of us started companies. There have been two successful exits and one is probably doing over $100MM revenue. All in all, about 8 of the companies will be considered successful and 2 flops. Of the 10, the vast majority raised less than $500K in capital.
- TheKid 16y agoSomeone needs to zoom out on this type of study and look into whether degrees at any school, not business alone, contribute to corporate or even career success. The degree doesn't possess its own inate potential for success. The student has the potential to contribute - either they do or they don't. The school is teaching competency in specific topics and skills. It's up to the student to apply those skills and contribute to their company's success.