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I have a strong conviction that out of all the professional postgraduate degrees out there, a MBA is the most "rational" for people to obtain for financial and
by hkmurakami 12y ago
I have a strong conviction that out of all the professional postgraduate degrees out there, a MBA is the most "rational" for people to obtain for financial and professional progress purposes. Thus the cohort it attracts are hyperrational people (which is partly why I think "most" -- not all -- MBA graduates are ill-suited for starting companies, since a startup is a highly irrational affair from a financial perspective), and thus their decision making will be rational. It just makes sense to pursue a career in finance. After all, it is by far the most lucrative path on average.
Also, I can't shake the suspicion that the output results from the program are affected significantly by the inputs (the students accepted by admissions), and the effect of the relative cyclical attractiveness of the industries must thus be attenuated significantly.