Business schools have been criticized for being pure credentialing
agencies. The New York Time ran an article today about how consulting
firms are hiring non-MBA's. usually people with graduate degrees
in any field. In house studies show that MBA do just as well
as non-MBAs.
The article is:
http://www.nytimes.com/2000/10/01/business/01MBAS.html
Question 1: What took firms so long to realize this? Did they just
depend on the MBA as an easy signal (smart, business oriented) until
the stream of MBA's started to get diverted to the internet start ups?
Question 2: In a competitive market for labor, what value does the
MBA degree have? The NYT article reports that non-MBA pick up what they
need in a few weeks. Is there any value added?
-fabio
