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I have to agree with this. A typical top-tier business school graduate in the US leaves with $100K in debt that costs at least $800-$1000 a month to pay off. T
by tomkarlo 15y ago
I have to agree with this.
A typical top-tier business school graduate in the US leaves with $100K in debt that costs at least $800-$1000 a month to pay off. That's going to eliminate a lot of great potential entrepreneurs right off the top, and it's going to make things painful for those who do try.
I did an MBA in 2002-2004 and went into banking after. I would have loved to go do a startup, but when you have that kind of debt, and someone offers you a job, it's a lot harder to turn down.
I did have a number of friends who launched businesses successfully during school - they essentially used the two years and the debt incurred to bootstrap a new enterprise. But in most cases they had those ideas before even arriving at school and I suspect they would have been successful without going.
That said, getting an MBA provides an invaluable toolset for leading a corporate enterprise (if you pay attention.) I just don't think that learning to be an entrepreneur should be one of the expectations. Similarly, getting a CS degree will teach you how to code, but it doesn't necessarily give you the capacity to build products people love.