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An MBA is not a licensure. There are overlaps between what an MBA and an accountant may have studied, but the CPA is what gives you a license. Lots of MBA stude
by zerkten 6y ago
An MBA is not a licensure. There are overlaps between what an MBA and an accountant may have studied, but the CPA is what gives you a license. Lots of MBA students do not pursue financial courses beyond what is requires to pass. They may have interests in marketing, innovation, or other areas. They can be ill-equipped to deal with investments.
The same pattern exists for law and many other professions. There are plenty of people with law degrees who fail, or decide to not pursue the bar exam.
- gojomo 6y agoBut an MBA who's a millionaire is competent to do any amount of private-investing? And an MBA who's not a millionaire isn't competent to do any private investing, even with just a small amount of their own money? Why should their net-worth be legally dispositive?
- tick_tock_tick 6y agoThe millionaire can fuck up a few times and still be fine that's the real difference.
- gojomo 6y agoOnly if they're wise enough to leave themself that wiggle room. It's a binary test, the 'accredited' can risk any amount. So why not let anyone take a proportionate risk?