From Conversations With Casey:
Another degree I would strongly advise anyone against getting is an MBA, which has, regrettably, become a very fashionable degree. In our shop, if anyone applies for a job, an MBA is an active strike against them. They’d have to come up with a really good explanation for why they spent all that money and two years of extra time to get something that serves no useful purpose whatsoever.
It’s amazing, when you stop and think about it. The professors who teach MBA courses are not successful business people out making millions in the economy – they’re academics! Successful business people with proven track records wouldn’t work for their wages. These academics have no hands-on experience and are teaching theories, most of which are based on completely phony and fallacious economics.
Don’t get conned into this gross misallocation of time and money. An MBA is worse than useless. Only a fool would rather have one than the $100,000, the lost income, and the two years of lost time and experience it costs.
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