Wednesday, January 30, 2008

An Update-- Two Years Later

I must say that I am flattered by all the responses I've been getting lately on my caveat emptor from two years ago. Many a prospective-MBA have written in and asked me if I still stand by my point of view, and have asked for my advice.

The answer, in a word, is yes-- now more than ever. I still stand by my opinion that for most people, the cons of pursuing a full-time MBA outweigh the pros of doing so. Furthermore, many of the pros are but "half-truths".

I would, however, like to clarify, that for those of you who wish to pursue a career in finance (i-banking, private equity, sales/trading, hedge funds), an MBA is generally a prerequisite. Recruiting typically only takes place on b-school campuses, and the network of alumni seems to be the talent pool of choice for the tycoons of wall street. However, for the rest of you, I would sincerely think twice before you take two years out of your formative career years and bury yourselves neck-deep in taxable debt.

The second question that many people have been emailing me is "How has your career progressed in the 6 years since your Wharton graduation?"

The answer is, quite well. ;-)

I am currently quite happily employed in the new media department of a major entertainment company. I will also admit that I got the job two years ago through a friend that I met at Wharton. So I suppose I can't exactly say that the B-school network is worthless. However, I will tell you that in almost every career field, you will be judged on your skills MUCH more than you will be judged on your pedigree. As a matter of fact, I would be willing to bet that nobody I work with knows, nor gives a darn that I have an MBA from Wharton. People care about how well I do my job, about how well I get along with my colleagues, about my leadership abilities, about my business sense, about my vision, about my ability to make more money for the company, even about the way I dress. NOBODY ever asks about where I went to school.

At any rate, if any of you are conflicted on whether or not to pursue a full-time MBA, please send me an email and I will help you as best I can. Thanks again for all your kind words!


By the way, you can check out the fantastic podcast series, Knowledge @ Wharton, for FREE on iTunes. They have amazing lectures from the Wharton faculty, and its free!