Lunchtime Links: An MBA amounts to nothing more than a $150k interview opportunity

Business schools are no longer just institutions of education, they are very lucrative businesses themselves, and they do have an interest in inflating the prices and making you feel useless without an MBA. MBA graduates know a little bit of a lot of things but are experts at absolutely NOTHING. That is exactly why they end up at consulting firms which deliver questionable advice, investment banks that ruin the world and rating agencies that give the highest rating to subprime instruments.

...the MBA is the only degree that will let you switch career track. not for its content, but because hirers/HR regard it as "special"

I've just finished mine, was working in MO in an IB, now am a trader at a hedge fund. Seems worth the money to me! Also, it depends what you going into the MBA for and where you are coming from in terms of career switching to looking to build upon an existing career............personally, I think career switchers will find things much harder given the amount of competition however, for people like myself that have already worked within the industry that they ultimately want to work in afterwards then I think an MBA still has huge value.
There are also the other benefits of network etc etc which is great and to be honest, my study period was one long party interspersed with some sturying :) but my aim was not to build a network bla bla bla but to get into an FO job afterwards.
Have to say that the stature of the school matters a great deal though so people should choose very carefully! (And a good uni at undergrad level does not translate to a good bus school )

Meaningless article, EFC seems to write them just to provoke readers to write in the blog.

You don't like the MBA? don't do it..easy! For a lot of people (like me) has been the game changer, especially for the salary ratio pre/post MBA and opportunity to access to elite jobs.
It is your call...

Sounds like somebody is really bitter to have been rejected by Harvard?

People dont seem to understand that B-School is 20% about the academics,which you can pick up for free at a book in the local library, totally agree, no rocket science...
...BUT 80% is the network (you pay to get in the "Club", it is what it is, like it or not) , lifelong friends, crazy once in a lifetime experiences, exchanging and debating ideas with the some of the smartest people on the planet, trying new things like launching businesses that will go bust or IPO, trying to set up a non-profit organisations in emerging countries, working on strategy projects for lots of different companies and goverments, having dinner with Warren Buffet, meeting wife/husband, living in the US for 2 years, taking risks, having fun with your classmates, essentially, having an intellectual and personal blast for 2 unforgetable years!

And I'm sorry Josh, but that's worth all the money in the world.