Fabio points us to:
>http://www.nytimes.com/2000/10/01/business/01MBAS.html
Quotes from article:
>Perhaps most striking are the results: the lawyers and doctors and
>philosophers perform no worse than their business school counterparts,
>according to internal studies done by the firms. If anything, they are
>promoted faster, on average.
>All of this raises an interesting and disquieting question: What is the point
>of an M.B.A., anyway? ... Booz Allen & Hamilton, after years
>of ad hoc hiring of non- M.B.A.'s, started formally recruiting Ph.D.'s on
>campus last year and expects that one-third of its new consultants this
>year will not have M.B.A.'s.
They're hiring PhDs as substitutes for MBAs. But if it is easier to get
an MBA than a PhD, it still makes sense to get an MBA. And it also makes
sense for people who have found less other uses for their PhD than they
had hoped to turn it into an MBA-substitute.
>... The harshest critics say the two years
>spent earning an M.B.A. are little more than an extended job search and
>a chance to build of network of contacts.
But this by itself can be more than worth the price of admission.
Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu
Asst. Prof. Economics, George Mason University
MSN 1D3, Carow Hall, Fairfax VA 22030-4444
703-993-2326 FAX: 703-993-2323
