I just read an interesting article on LinkedIn that asks this question: "Has The MBA Become A Worthless Degree?" Not surprisingly there were some interesting comments. What's my opinion on the matter? Here's the comment I submitted:
The principle guardians of the MBA's value are the educational institutions offering the degree. The quality of graduates these institutions produce is largely driven by the admissions process and the quality of instruction. If admissions criteria are loose and coursework is not thoroughly challenging, then these institutions will fail to attract the kind of men and women that will uphold the degree's value. To use manufacturing operations as a metaphor: If a manufacturer buys raw materials of poor quality, then its finished goods will be poor at best. So, are MBA's proving their value by outperforming non-MBA colleagues currently? The market seems to think so, because the more education you obtain, the greater your salary tends to be.
What do you think? Is it worth the trouble?
