The conceit of the MBA is that you don’t need to have any substance at all. It’s just this management science, and you can apply that equally well in [any company].
At the end of [their MBA program], a large number of people go into whatever was the last trendy thing to do. They’ve done studies at Harvard Business School where they’ve found that the largest cohort always went into the wrong field. So in 1989, they all went to work for Michael Milken, a year or two before he went to jail. They were never interested in Silicon Valley except for 1999, 2000. The last decade their interest was housing and private equity.
The conceit of the MBA is that you don’t need to have any substance at all. It’s just this management science, and you can apply that equally well in [any company].
At the end of [their MBA program], a large number of people go into whatever was the last trendy thing to do. They’ve done studies at Harvard Business School where they’ve found that the largest cohort always went into the wrong field. So in 1989, they all went to work for Michael Milken, a year or two before he went to jail. They were never interested in Silicon Valley except for 1999, 2000. The last decade their interest was housing and private equity.
http://www.washingtonpost.com/blogs/on-leadership/wp/2014/10...