Today, BusinessWeekonline published an article titled "Is The MBA Overrated?"
With the number of applicants higher this year compared to last year for Business Schools, it seemed difficult to find the motivation of a reporter to write such a thing at this time.
Upon further reflection, I realized that there have been thousands upon thousands of rejections going on for the last 3-4 months. A lot of dreams and hopes have been crushed. A lot of people are upset too. It makes sense for a lot of people to even rationalize the "I don't need a stinking MBA" thought process as a result of all this painful rejection. In this context... it makes sense for this article to come out. I still think it's severely lacking in using position and salary as a measuring stick to justify the need for an MBA. But it's certainly better to put this sort of article out now rather than 5 months ago when application season was just getting started.
Anyway... articles like this NEED to be taken very lightly. Like my Blog... it's only an opinion. Moreover, if you judge the value of an MBA by the salary or whether it leads to a CEO position.. then one really doesn't understand the purpose of an MBA. So make what you will of this article. It's interesting, but that's it.
================================================ Our surprising research suggests that few execs who hit the very top have the degree
In the executive pantheon, David K. Zweiner might be considered a minor god. An executive vice-president at Hartford Financial Services Group Inc. (HIG ), he joined the company in 1995, serving as chief financial officer, president of its property and casualty business, and director. As a graduate of No. 1-ranked Kellogg School of Management at Northwestern University, Zweiner is one of 47,000 living alumni of one of the world's most prestigious MBA programs. But he has an unusual distinction: In 2004 his $3.7 million pay package made him one of only three Kellogg MBAs among the 500 highest-paid executives in the Standard & Poor's (MHP ) 100-stock index that year. "It opens that first door for you," Zweiner says of MBAs in general, and his in particular. "After that, it's up to you."