It’s easy to figure out why business schools are attractive as they are marketed as a one-way ticket to a permanently wealthy and comfortable future.
It is a common fantasy to imagine that after two years of academic and professional preparation, job offers from top companies will come pouring in, offering prestigious positions with high pay.
You’ll become a successful CAPTAIN OF INDUSTRY, collecting significant bonuses and tallying up the value of your stock options while sitting behind a massive mahogany desk in the corner office on the top floor of an enormous glass skyscraper. You’ll be the big boss, delegating tasks to others until it’s time to unwind with a round of golf or a relaxing day on your yacht. Not only that, but you’ll also have the opportunity to travel the world on business trips, staying in luxurious hotels and dining at the finest restaurants. Your success will inspire others and pave the way for future generations and the common people will admire you and your incredible achievements. Everyone will believe you’re wealthy, brilliant, and powerful. Not only will you reap the benefits of the offer, but you will also have the opportunity to take a well-deserved break from the daily grind for two whole years. Imagine the possibilities — you could travel the world, learn a new skill, or simply take the time to relax and recharge your batteries.
Sounds great!
Unfortunately, daydreams and reality are often quite different and there are significant structural faults with MBA schools all across the world. These problems, which have dogged the MBA programs for years, have caused many students to question the overall value of the degree.
Let me clarify you that I don’t have anything against those who work at business schools and Professors at business schools are individuals who do their utmost to support and help their pupils.
Master of Business Administration (MBA) programs are expensive, time-consuming, and takes time to complete. To determine whether pursuing one is worthwhile, it is crucial to give it some serious thought. Take into account the following.
1. MBA programs have become so expensive
Let’s pretend for a second that you believe business school is your path to eternal prosperity. You’re in luck: admission to at least one business school is relatively simple. Here though, is where the problems begin: Attending a business school can be a significant investment, and the cost can be overwhelming for many students. Unless you’re independently wealthy or land a massive scholarship, the fee is considerably high and in general cannot be met without drawing an Education Loan for most of the middle and lower class students out there. MBA programs are becoming more of a financial burden for their studen