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Applications to US MBA programs fell 7% in one year. Now MBA programs are reinventing themselves to be more socially responsible. That's a fine thing (if they mean it), but it's not why people have stopped applying. They've stopped applying because it's not where the money is.
MBA programs were where the money was when they took off in the 1980s. Big companies were where the money was, and MBA programs were their West Point. But that world is gone, and it's not coming back (http://paulgraham.com/re.html ).
Wonder where they go instead
Absolutely Right
And you’ll get a better education joining a small company and wearing a million hats.
This is hit or miss without (a) a strong business foundation eg consulting/banking or (b) getting lucky and having an amazing mentor / manager. Higher sigma to do a small startup, while MBA reduces risk
They’ve stopped applying because it’s not the only place offering that kind of knowledge.
MBAs are not about the knowledge. Networking counts much more.
Then, there are some technical MBA programs sprouting up now. What do you think about them?
Can you name a few?
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