I sometimes try to be balanced on this topic, but really I am not.
I dropped out of high-school due to family problems. I ended up getting a G.E.D.
I dropped out of three different colleges because, frankly, the classes were not adding any value to my life.
The majority of my professors were drop-outs from real life. They could not survive in the commercial world, so they retreated to academia.
Even when the instructors were good, the classes often were not. The majority of classes I took were just rehashes of the few years which I did spend in high school.
Two exceptions to this were:
- I took a class in real-estate -- led by a real estate agent who taught part-time.
- I took a class in insurance -- led by an insurance agent who taught part-time.
That's the list of exceptions, from somewhere around 2.5 years in college.
Learning from some schmuck standing up and regurgitating information for 50 minutes is ridiculously inefficient. You can learn far more in one week from reading one book written by a true expert in the field than you can from listening to some copycat psuedo-intellectual drone on for an hour a day, three times a week, for four and a half months.
In most companies I've worked with, MBA's have a bad reputation for being so theory-bound that they were actually a danger to the health of the organization. I think that reading The Portable MBA and working for a few years will make you a lot more knowledgeable than staying in school and earning an MBA.
The only real purpose of a degree, IMHO, is if you want to get a job in a major corporation or in a field were degrees are required.
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I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.
I'm not really so sure about the value of a M.B.A. I guess it's a corporate thing.