Author @joshkaufman
“You dropped 150 grand on an education you could have gotten for $1.50 in late charges at the public library.” Matt Damon in Good Will Hunting
In The Personal MBA Josh Kaufman makes a very compelling case (as does Will Hunting) that for people considering an MBA, the economics aren’t that great. For many graduate students (not just Business majors), it feels like a Casino: everyone takes the tests, and gets primed, then takes out a huge loan from the bank (often a six-figure amount) hoping that when they come out the other side, there will be an awesome, high-paying job waiting for them. It’s a financial transaction, not really an educational one. In fact, much of the education gleaned from an Master in Business Administration is theoretical and marginally updated from the projects and Case Studies done in Bachelor of Business and Economics programs; after all, how can you possibly sit in a classroom and ‘learn’ how to be a Manager, or an Executive? Of course you can’t. But the schools are more than willing to let you try, as long as the cheques clear. Continue reading






