Mba Degree Quotes

Business is supposed to be fun. We're supposed to love what we're doing. Don't let these old folks convince you that business is about spreadsheets and MBA's and metrics and all that stuff. That's all good, but ultimately business is just about adding value to other peoples lives and getting them to pay you for it.

Let me be brutally honest. Being an insider, I know exactly how these MBA guys think. And because I know who they really are, I have nothing but utter contempt for these professionals. Now you might think I am stereotyping and generalizing. Yes, I am, indeed. But get this thing straight. Only highly competitive people prepare for these entrance exams to these top-notch B-schools. Only those who have excessive cupidity for money, power and status, only such people enter these highly reputed management colleges. These people don’t have friends, instead, they have connections. It’s all about Moolah. It’s all about usefulness. You scratch my back, and I will scratch yours. You be my ladder, and I will be yours.

Cliché: "The MBA changed my life." What it really means: "A fantastic career, a great social life and a healthy bank balance...three of the things I had before I started the program.

You can tell if a discipline is BS if the degree depends severely on the prestige of the school granting it. I remember when I applied to MBA programs being told that anything outside the top ten or twenty would be a waste of time. On the other hand a degree in mathematics is much less dependent on the school (conditional on being above a certain level, so the heuristic would apply to the difference between top ten and top two thousand schools). The same applies to research papers. In math and physics, a result posted on the repository site arXiv (with a minimum hurdle) is fine. In low-quality fields like academic finance (where papers are usually some form of complicated storytelling), the “prestige” of the journal is the sole criterion.

look back on it, that’s what hustling was. It’s maximal effort put into minimal gain. It’s a hamster wheel. If I’d put all that energy into studying I’d have earned an MBA. Instead I was majoring in hustling, something no university would give me a degree for.

During that time, the young man met and married a beautiful young woman who had completed her law degree from Columbia University but had decided to pursue her MBA afterward because she had no desire to practice law. Who does? Still, they were happy.

Hustling is to work what surfing the Internet is to reading. If you add up how much you read in a year on the Internet—tweets, Facebook posts, lists—you’ve read the equivalent of a shit ton of books, but in fact you’ve read no books in a year. When I look back on it, that’s what hustling was. It’s maximal effort put into minimal gain. It’s a hamster wheel. If I’d put all that energy into studying I’d have earned an MBA. Instead I was majoring in hustling, something no university would give me a degree for.

I have anecdotal evidence in my business that MBAs tend to blow up in financial markets, as they are trained to simplify matters a couple of steps beyond their requirement. (I beg the MBA reader not to take offense; I am myself the unhappy holder of the degree.)

The tricky thing about the hood is that you’re always working, working, working, and you feel like something’s happening, but really nothing’s happening at all. I was out there every day from seven a.m. to seven p.m., and every day it was: How do we turn ten rand into twenty? How do we turn twenty into fifty? How do I turn fifty into a hundred? At the end of the day we’d spend it on food and maybe some beers, and then we’d go home and come back and it was: How do we turn ten into twenty? How do we turn twenty into fifty? It was a whole day’s work to flip that money. You had to be walking, be moving, be thinking. You had to get to a guy, find a guy, meet a guy. There were many days we’d end up back at zero, but I always felt like I’d been very productive. Hustling is to work what surfing the Internet is to reading. If you add up how much you read in a year on the Internet—tweets, Facebook posts, lists—you’ve read the equivalent of a shit ton of books, but in fact you’ve read no books in a year. When I look back on it, that’s what hustling was. It’s maximal effort put into minimal gain. It’s a hamster wheel. If I’d put all that energy into studying I’d have earned an MBA. Instead I was majoring in hustling, something no university would give me a degree for.

A study of some nine hundred funds (either growth funds or growth and income funds) from 1988 to 1994 found that the returns posted by managers with degrees from universities whose entering students have high SAT scores—such as the Ivy League colleges—beat competitors from lower ranked schools by more than a full percentage point. Younger managers and M.B.A. holders also out-performed their older and non-M.B.A. rivals. The reason behind the superior performance was both simple and predictable. The researchers found that “high SAT” managers and those with M.B.A.s tended to invest in high-risk, high-return stocks! Sound familiar? You don’t need an M.B.A. and you don’t have to pay an active money manager large fees to generate superior returns. All you really need is a faith that markets work—that risks and returns are highly correlated.4

An academical degree, for instance MBA would not necessarily define you as a good salesman.

Hustling is to work what surfing the Internet is to reading. If you add up how much you read in a year on the Internet— tweets, Facebook posts, lists—you’ve read the equivalent of a shit ton of books, but in fact you’ve read no books in a year. When I look back on it, that’s what hustling was. It’s maximal effort put into minimal gain. It’s a hamster wheel. If I’d put all that energy into studying I’d have earned an MBA. Instead I was majoring in hustling, something no university would give me a degree for.

Marc Andreessen (here) long ago referred to the above double-/triple-threat concept, citing Scott’s writing, as “even the secret formula to becoming a CEO. All successful CEOs are like this.” He reiterated that you could also cultivate this in school by getting unusual combinations of degrees, like engineering + MBA, law degree + MBA, or undergrad physics + economics.

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picture yourself saying something like this to your very best friend: “You know, I really love you … but your body sure isn’t perfect. Look at your disgusting, flabby upper arms! When’s the last time you worked out? And frankly, the way you scolded your son about forgetting to mow the lawn the other day—jeez, you’re a nasty shrew. And while we’re at it, what’s with that bare spot on the wall where your MBA degree should be? What a complete failure you are at everything.” Would you say any of these things to someone you love? Of course not. When it comes to talking to yourself, however, there’s no limit to how brutal you can be. Just look at the self-criticism contained in your comments

Our first desire is to promote from within. If somebody with an MBA degree applies for a job, we will certainly not hold it against them, but we are really looking for people with PSD* degrees. They built this firm and there are plenty around because our competition seems to be restricting themselves to MBA’s. If we are smart, we will end up with the future Cy Lewises, Gus Levys and Bunny Laskers. These men made their mark with a high school degree and a PSD. * PSD stands for poor, smart and a deep desire to become rich.

It was fascinating, Daisy thought, to imagine this as the life she could have led, if, back when she was twenty, she’d said, Are you crazy? to Hal instead of I do. Maybe then she could have been the glamorous single lady, on her own in a big city, in a high-rise apartment decorated in gold and peach with a closet full of beautiful clothes. Maybe she’d have gotten not just her bachelor’s degree, but an MBA, too; maybe she’d be running a national chain of cooking studios. Briefly, she let herself picture a life of first dates instead of PTA meetings; dinners alone, with a book and a glass of wine, instead of with her husband and a sullen teenager, and no one to please but herself (197-198).

Whether it be placing advertisements, predicting customer behavior, anticipating equipment failure or even pricing products and services, the most useful people in your strategy team in the future might not be the MBA graduates, but those with the degrees in pure mathematics.

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One of the books he recommends for cultivating dealmaking ability is actually a children’s book and a 10-minute read: Stone Soup. “It’s a children’s story that is the best MBA degree you can read.

Jason Gesser is one of the leading players who has always benefitted the team. In addition to this, Jason delves into the efforts in his role with the Cougar Athletic Fund to reconnect with the past student-athletes to the WSU and shares about his thoughts on earning his executive MBA degree from the WSU Carson College of Business.

The truth is the MBA is simply an overpriced, over-hyped degree. As time goes on and the market is flooded with more of them, they will become less unique and therefore less valuable. Furthermore, as you’ll find out when you get older, unless you have connections or your last name is “Rockefeller,” chances are you’ll just be indebting yourself to a crippling level. Instead, I highly recommend getting an undergrad in Accounting and then pursuing your CPA. Not only is a CPA much cheaper ($3,000 for all the exam and fees,) you’ll have even better earnings potential than the average MBA.