“So when are you going back for your MBA?”
After slogging through four years of undergrad, it can be hard to stomach the idea of giving up a steady job and the ability to actually afford fruits and vegetables in exchange for tests, ramen and even more student loans.
While every entrepreneur has their own unique path to success, the “necessity” of completing an MBA program along the way has come into question from prominent thought leaders across the startup and tech world, with Elon Musk notably sharing that, “As much as possible, avoid hiring MBAs. MBA programs don’t teach people how to create companies.” Mint founder Aaron Patzer went even further, saying, “When valuing a startup, add $500k for every engineer and subtract $250k for every MBA.”
These criticisms are not without merit, considering the tremendous opportunity cost of MBA programs. Top programs cost over $100k to complete, and the prospect of taking on another heavy debt burden after completing undergraduate studies can be tough to stomach. The time and energy required to complete the program sacrifice the chance to use that time to go out and get the real-world experience startups crave for new hires.