Scott Adams: I credit MBA program for my success with Dilbert
dilbert.com
dilbert.com
I remember almost nothing from the course material itself. You can get that from almost any book. The time value of money, how to read financial statements, the 4 P's of marketing (or was it the 4 B's?), different management theories, etc., etc., etc.
What I remember vividly are the interactions with other people, professors and other students, some of whom already had many years of experience. I'm not sure how else I could have had this experience. Some of my most vivid memories:
"A degree in business is a degree in nothing." - management professor
"What is the correct answer to the question 'How much money did you make?' It's always, 'Who wants to know'?" - managerial accounting professor
A professor of Organizational Behavior told us that a survey of Yale MBA's 25 years after graduation said that Organizational Behavior was their most important course. I couldn't believe it. Years later, I believe it.
A case study had our team pick the next CEO from 4 managers. We were wrong. The actual result: They went outside, for reasons well explained.
Our group made a recommendation to a local business to restructure, letting a key person go. We got an "F" on the project, with the opportunity to go back and redo it without letting anyone go. We got the message.
A marketing professor was picking on stupid products, like Heinz gravy, when a student in the back offered, "I was the product manager for gravy at Heinz. It made us $60 million last quarter. If you'd like to use it for a case study some day, I'd be glad to help you with it."
I don't remember many specifics from class, but I know that I "think differently" because of that experience. Along with a technical background, this has been a great combination.
This particular story is a great synopsis of business school. You are encountering people who may not know what they're talking about, opening yourself up to new data and new thinking, and being polite and constructive about it. Note who is playing each role in this case, too.
And for the cynics in this thread: you only get to complain about MBA's if you can do their job better than they can. I'm not saying you can't, I'm just trying to be fair.
I don't think that's fair. Someone definitely has the right to complain if I write a shoddy program, even if they can't program to save their life.
Now I understand that in reality Dilbert is meant as MBA HOWTO on managing engineers :)
(and yes, I know its a cartoon !).
But it does bug me a bit - instead of people feeling sorry for themselves (as the cartoon seems to help people who are coping with grey corporate existence) why not encourage people to change their environment (either bit by bit, or just improving yourself, starting something, finding something, anything).
Dilbert is a loser, feel sorry for him but don't relate to him or else become him.
Question: why so much hostility towards MBAs (especially from top schools) in non-MBA-heavy industries, but so much love for them in MBA-heavy industries? One would assume that industry has found them useful, as they continue to hire them.
Bonus question: if you have a startup and someone applies for a job as a product manager and they have the right background, experience, passion, etc, would the fact that they got an MBA from Harvard or Stanford make you more or less likely to hire them?
This was long before I ever heard the term PHB, watched Office Space, or otherwise knew that I was supposed to hate MBAs. My point being: I came by my scorn organically.
Consequently, going to a bar, driving to Tahoe, or just watercooler conversation is probably a good way to make contacts.
I think your "industry has found them useful" argument is undermined by the realization that MBAs tend to hire other MBAs, rather like a virus spreading.
The modern MBA is a rite of entry into a club and not much more.
And the popularity of MBAs is because (a) that's where the pool of leaders tends to go for education (I said tends, people), but (b) it's also a self-reinforcing psuedo-class system. Look for correlations in the military and older class structures such as aristocracy & feudalism.
For my belief that it's a pseudo-class structure, it's just based on the invisible lines drawn between management and workers in the corporations that I've worked.
On a serious note, my first job I ever had was at a startup, as the ~25th employee. There was a culture of promotion, and people who started at the bottom eventually worked their way to the top. The most recent job I left before starting my own company, however, was a relatively large corporation (though I was in a very small division). There was relatively little promotion through the ranks, and a lot more direct hiring into management positions.
Has anyone else observed such an inverse correlation between company size and the likelihood of promotion?
Edit: Things that help people jump ship, but don't help your company are a negative.
Does a startup need a product manager?
> would the fact that they got an MBA from Harvard or Stanford make you more or less likely to hire them?
It sounds like you care whether we view an MBA as a plus or a minus. Why do you care?
I think the most shocking of all was enrollment. My gut said that Harvard would be the most selective but when comparing metrics like pre-enrollment salary & GMAT, Haas and Stanford were more selective. I wouldn't expect such a big difference in enrollment percentage and class size but there is.
Haas '10: 6.3% Applicants: 3779 Enrolled: 240
GSB: 6.7% Applicants: ~5400 Enrolled: 360
HBS '10: 10.3% Applicants: 8661 Enrolled: 900
I joke about getting an MBA so I could become a cartoonist, but business school was literally the competitive advantage that made Dilbert a success.
(Saving up seed capital? Cutting down expenditures? Courting co-founders? Market research? Product development?)