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July 21, 2014

"MBAs are totally misguided about how much they’re worth"

Just the personal experience of one Montreal headhunter, but for MBAs it's probably worth considering.

Comments

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JorgXMckie

I would say that most new graduates are at least very misguided as to what they're worth on the real market.

Jack Olson

When I get a business card on which the person prints "M.B.A." after his name, I throw it away. Anyone who is trying to impress me with his degree instead of his knowledge and ability isn't worth talking to.

Clay

The problem here though is the same as every article ever on MBAs - it assumes the grad has no experience. Why does this bias exist? How can we combat it?

Craig

The problem here though is the same as every article ever on MBAs - it assumes the grad has no experience. Why does this bias exist? How can we combat it?

I dont know why it exists. But I speculate its because the value of an MBA to an employer diminishes rapidly in an employees experience. For one example, see Mr. Olsons comment below.

Jack PQ

I'm not sure the value of the *same* MBA over time has fallen so much, but it is rather the increasing supply of MBAs from ever-lower ranked b-schools.

A Chicago MBA today is probably worth the same (inflation-adjusted) as a Chicago MBA 40 years ago. But with the addition to the pool of countless mediocre MBA-generating programs, the value of the average MBA has steadily fallen over time.

Also, today's MBAs likely have less relevant work experience. Lastly, with the huge increase in MBA numbers, the networking value of an MBA might be lower--it's much harder to know everyone. But this is just speculation, I don't know anything more than the next guy (aside from teaching in a good but far from top b-school).

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