Entrepreneurs today are routinely told to avoid the MBA, and in some cases, to avoid college altogether.
I have a different take. If you can afford it, if you plan to work internationally, and if you ever plan to sell to enterprise companies, an MBA can be a worthwhile investment because of the credibility and network that comes with it.
It takes a full decade for the network to achieve its value. After 10 years, former classmates find their way into C-level and executive jobs, have international experience, and are far more interesting than they were shortly after graduation. Being able to text message friends in high places is a valuable advantage that can lead to real business. At my recent Tepper (Carnegie Mellon) MBA reunion, a classmate who runs a $10 million translation company told me his Tepper connections landed three major clients.levitra pilules
In my experience, business people in Asia and Europe value advanced degrees. The wealthiest families in Asia send their kids to study in the US and Europe, so having an expensive US or European degree signals prestige and trustworthiness. It lubricates business.
Importantly, getting an MBA is not a wise decision if you’ll have to take on much debt. Unless you attend one of 5 top-tier schools, there is little assurance that you’ll be able to escape from that debt for many years, and that will curtail your entrepreneurial efforts.