Flutterby™! : CEOs and advanced degrees

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CEOs and advanced degrees

2002-04-30 00:44:26+00 by Dan Lyke 1 comments

Via Metafilter (discussion here) Keep Your CEO Out Of Grad School.

Think formal education helps in business? Think again. Chief executives who went to graduate school don't seem to make any more money for their shareholders than those with no advanced degree. MBAs may actually do worse than those with no advanced degree, although they fare better than lawyers.

[ related topics: Business Education ]

comments in ascending chronological order (reverse):

#Comment made: 2002-04-30 12:10:20+00 by: meuon

Lawyers seem to have a negative effect on capitalism. ServiceMaster used to hire MBA's from Wheaton Baptist College for nearly dirt. Ok.. Dirt.. Why? Because they could read and write and follow orders. Then they would be re-trained and re-educated in the real world. I know... I was 'Manager Development Coordinator' and used to get a new one every two weeks. They were great fun. They would get miffed when they found out I had a high school education and was making triple+ what they were, let alone being responsible for the first part of their re-education.

Why is MBA's and Lawyer's performance mediocre? They follow the rules, the formulas and the law. The people without an advanced degree don't know it shouldn't work the way it is (for them). They are dreamers, pushers, experimenters, and they often don't know 'how it should be done' or at least aren't mired in it.