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Is an MBA worth it? (alien.top)

submitted 1 year ago by Future_Court_9169@alien.top to c/entrepreneur@indiehackers.space

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I am thinking of going into business and would like to get an MBA. I have 8 years of experience writing software professionally and a background in CS. My goal is to learn about business, running them, scaling them, raising money, etc.

Will getting an MBA help me achieve this goal?

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[–] mashonkeyboard@alien.top 1 points 1 year ago

Your goal is too amorphous for any education program that currently exist at any institution, including Harvard, Wharton, Oxbridge, INSEAD you name it. Keep in mind that University programs are still at University, where the majority of the teaching will have a heavy academic focus, taught often by non-practitioners. I feel like everyone (the students at least) agrees that this shouldn't be the case but literally nobody is doing much to change it.

I am currently attending the Masters of Entrepreneurship at University of Cambridge and have classmates at/from MIT, Harvard, Columbia etc with business related masters or MBAs. These are traditionally "as good" as you can get or on par with any program you can name, at least by reputation.

The general attitude seems to be that these degrees are great for finding jobs or advancing in the corporate sector, especially if your company is paying for it and nearly entirely impractical to get you actually started in Entrepreneurship in reality.

People who get what they want out of the program generally come in with that expectation in mind and want something specific out of the program. We have a VC guy who is literally just looking for other founders to fund and thought this might be a neat way to meet them. We have a Harvard guy with an existing Harvard MBA whos getting it as a part of his long term strategy in the public sector in his home country. Some people need the name recognition for their existing business (me), others are just young people looking to satisfy their parents. If you have something that specific in mind that the program can address, then yes MBA will do that for you.

However, if you actually want the knowledge. Nothing will do better for the time and money then just going out and doing it. Without exaggeration what you will learn spending that 2 years and 200k by doing the business will literally be 100-1000x what you will learn in school. It absolutely sounds like I am exaggerating but I promise you gap is beyond what you can imagine if you haven't done both, and I have.