A recent post at The Wall Street Journal is taking a second look at MBA programs and whether you really need one.
Aspiring entrepreneurs should only begin downloading the Harvard Business School application after considering the following drawbacks to pursuing the degree:
Time Lost in School
To earn an M.B.A. from most full-time programs, you will exchange two years in academia for two years building your career or developing your enterprise.
Price of Tuition
Annual tuition and fees exceed $50,000 at several top two-year programs.
It’s the Wrong Graduate Program
Some entrepreneurs can accept the forgone salary and absorb the steep tuition of graduate school, yet still do not belong in an M.B.A. program because their time would be better spent developing a deeper academic knowledge of their chosen entrepreneurial field.
Security Is the Enemy of Drive
An aspiring entrepreneur attending business school could easily be seduced by an enticing but traditional job offer from Google or a boutique private-equity firm upon program completion.
The Pervasive Cloud of Conventional Thinking
Successful entrepreneurs often pursue business opportunities that appear rash or foolhardy to everyone else. It takes an even stronger constitution to pursue start-up ambitions after being surrounded by peers and professors who, for two years, serve only as naysayers and dream killers.
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