What's the degree worth in an entrepreneurial world?
MBA programs are hard to get into and expensive to attend, but they remain a popular option for those trying to get ahead in the business world. The job outlook for MBAs is strong, with demand for top executives expected to grow by 11 percent through 2022, according to the Bureau of Labor Statistics. And hiring rates for MBA graduates are greater than 90 percent at the leading U.S. schools. Yet despite their popularity, MBA programs face an array of challenges, including the upheaval caused by technology, changing attitudes toward corporate culture and the time and expense required to earn a degree. The challenges are so serious, many experts now wonder whether MBA programs are relevant to today's business world. Critics say the MBA is best suited for someone entering corporate life and is of little use for entrepreneurs seeking to start their own companies.
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Broughton, Philip Delves, “What They Teach You at Harvard Business School: My Two Years Inside the Cauldron of Capitalism,” Viking, 2010. Less of a guide to the Harvard Business School experience than the author's own journey as a student, the book is a response to the 1986 classic, “What They Don't Teach You at the Harvard Business School,” by Mark H. McCormick.
Goldsmith, Marshall, and Mark Reiter, “What Got You Here Won't Get You There: How Successful People Become Even More Successful,” Hyperion Books, 2007. A number of entrepreneurs recommend this book to help new businesses translate start-up ideas into management tactics.
Kaufman, Josh, “The Personal MBA: Master the Art of Business,” Portfolio Hardcover, 2010. A writer and lecturer on business management skills believes students can master MBA techniques without the degree.
Zanetti, Mariana, “The MBA Bubble: Why Getting an MBA Is a Bad Idea,” CreateSpace Independent Publishing Platform, 2013. The author, who earned an MBA, critiques the value of the degree.
Hamilton, Reeve, “Low Completion Rates for Online Courses Spark Debate,” The Texas Tribune, Jan. 21, 2014, http://tinyurl.com/
Kantor, Jodi, “Harvard Business School Case Study: Gender Equity,” The New York Times, Sept. 7, 2013, http://tinyurl.com/
Wiles, Russ, and Anne Ryman, “ASU finalizes agreement to integrate Thunderbird school,” The Arizona Republic, Dec. 19, 2014, http://tinyurl.com/
Reports and Studies
“The Best Business Schools,” Forbes, 2014, http://tinyurl.com/
“The Best Online Graduate Business Programs,” U.S. News & World Report, http://tinyurl.com/
“Bureau of Labor Statistics Occupation Report,” 2014, http://tinyurl.com/
“Global Business School Rankings,” The Financial Times, http://tinyurl.com/
Schmitt, Jeff, “20 Essential MOOC Courses in Business,” April 1, 2013, Poets & Quants, http://tinyurl.com/
The Next Step
Korn, Melissa, “M.B.A.s Sour on Strings-Attached Tuition,” The Wall Street Journal, March 5, 2014, http://tinyurl.com/
Rivard, Ry, “Public to Private MBA at UCLA,” Inside Higher Ed, June 30, 2014, http://tinyurl.com/
Zlomek, Erin, “Elite Business Schools Hike Tuition for the Class of 2016,” Bloomberg Businessweek, March 17, 2014, http://tinyurl.com/
Hellmich, Nanci, “More companies hiring new MBAs,” USA Today, May 18, 2014, http://tinyurl.com/
Johnson, Fawn, “Rent-an-M.B.A. Breathes New Life Into Freelance World,” National Journal, Nov. 24, 2014, http://tinyurl.com/
Palin, Adam, “Aiming for the stars … then get a top MBA,” Financial Times, Jan. 19, 2014, http://tinyurl.com/
Bradshaw, Della, “European business schools consolidate at home but expand abroad,” Financial Times, Nov. 30, 2014, http://tinyurl.com/
Byrne, John A., “How Yale is beginning to crack into the elite B-school ranks,” Fortune, Dec. 17, 2014, http://tinyurl.com/
Cigainero, Jake, “Asian M.B.A. Schools Rise in Esteem for Employers,” The New York Times, Dec. 7, 2014, http://tinyurl.com/
Carlson, Debbie, “The changing MBA: How tech and entrepreneurship are reshaping studies,” The Chicago Tribune, Sept. 8, 2014, http://tinyurl.com/
Useem, Jerry, “Business School, Disrupted,” The New York Times, May 31, 2014, http://tinyurl.com/
Wood, Sam, “A world-class business education for free? Here's how,” The Philadelphia Inquirer, Dec. 2, 2014, http://tinyurl.com/
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