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The MBA Bubble : Why Getting an MBA Degree Is a Bad Idea, by Mariana Zanetti
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Author Mariana Zanetti pens an eye-opening expose into the world of higher business education that will appeal to all those who have, or are contemplating getting, their master's of business administration (MBA) degree. The MBA Bubble is nothing short of revolutionary in a world where young professionals are increasingly encouraged to mortgage their futures for little return. After earning her MBA from one of the world's top business schools, Zanetti embarked on a successful international marketing career, meeting all of her professional goals and more. Yet she admits in The MBA Bubble that choosing to pursue this particular degree was one of the worst mistakes of her entire career. In her straightforward and honest prose, Zanetti reveals the truth about the role of MBAs in today's world. Created one hundred years ago for an age that no longer exists, these degrees have become ruinous investments for the hoards of young professionals who have been convinced by business schools that they are necessary. Zanetti explains that, despite the common belief, MBAs do not actually enhance salaries and discusses the deceit behind business schools' marketing tactics, including their manipulation of rankings and statistics. In addition to the presentation of exhaustive research, Zanetti demonstrates how to meet one's professional goals without plummeting into massive debt. She teaches readers how to think critically and challenge the faulty mental models that most people accept without question. The MBA Bubble is a must read for all those who have, or are considering, a higher business education degree. Armed with facts and alternative resources, readers will walk away from Zanetti's book with a new found understanding of the way business schools really work.
- Sales Rank: #607254 in eBooks
- Published on: 2013-11-06
- Released on: 2013-11-06
- Format: Kindle eBook
About the Author
Mariana Zanetti earned her MBA degree from one of Europe's top business schools and has over twelve years of international marketing experience working for global companies such as Shell and Saint Gobain. After having held management and strategic positions in three different countries, Zanetti left the corporate to start an independent career, allowing her for the first time to expose the truth about higher business education in her book, The MBA Bubble.
Most helpful customer reviews
9 of 10 people found the following review helpful.
You absolutely must read this book before even start applying for an MBA
By Matt Stevens
This book is a must for anyone contemplating an MBA. The book's arguments are supported by undeniable facts. I have an MBA myself and I must confess that I don't believe the degree has had any significant impact in my career, and I agree with most of the book's arguments. This is not just an "anti-MBA" book but a realistic, documented and well researched analysis of what is waiting for you after graduation. You will find in it the detailed information nobody tells you in order to make an informed decision about pursuing an MBA degree.
10 of 12 people found the following review helpful.
I changed my mind about MBA programs
By v
I was interested in an MBA myself not so long ago and I have even considered top-tier Business Schools. After discovering Mariana Zanetti's testimony and her arguments, I've realized it would be wiser to invest the same amount of money elsewhere to get a real Return On Investment (ROI), train myself with books such as Josh Kaufman's Personal MBA and also study online with free courses available on COURSERA website.
There are too many MBAs today, so the MBA value is really devalued.
5 of 6 people found the following review helpful.
MBA Bubble might burst soon
By Graduate Student
This is a great book because it challenges "conventional wisdom" surrounding the MBA experience in terms of what somebody would expect. People attend business school for their MBA's to accelerate their careers because they believe two years of business theory of C-level executives can help them become one of them afterwards. The sad truth is that there are only a few thousand or so CEO's in the world and the MBA is no guarantee for a CEO, COO, CFO, CMO, CTO, CPO, etc.... An MBA however, is a great motivator as one meets many C-level folks and can speak to them in an informal classroom setting. However, keep in mind, C-level folks can talk in their sleep and the leadership and vision aspect of executive management takes a lifetime to develop.
For the MBA, the costs of attendance have gone up faster than MBA salaries post-MBA, which should tell most people that unless A. they get a great return early in their careers or want to increase their earning power through consulting/ibanking/PE/VC/HF, it is very hard to make the MBA financial numbers work in one's favor.
B. they take the MBA education seriously enough to actually learn something and apply that knowledge to startup or Hourly Nerd type consulting projects, it is hard to justify an 100K+ vacation for two years while other potential competitors for C-level positions have 2 years of specialized functional/industry experience that can beat the general management skillset easily.
Business Schools right now can afford to keep raising tuition because the perceived benefits of an MBA is increasing the demand for an MBA while the supply of MBA's is almost constant. In economic terms, when you have increased demand of MBA's by potential students, prices will go up. At top business schools, they know they can charge ridiculous amounts and still have similar levels of enrollment. Only when the demand peaks at a certain price and go down will business schools seriously cut tuition.
As far as employers go, their demand for an MBA hire stays almost constant while the supply of newly minted MBA's is increasing..... This is why MBA salaries have stayed about the same or will go down over time because there are too many MBA's and not enough MBA suitable jobs. With technological and education disruption making MBA courses, case studies, and simulations very easily accessible, almost any can gain MBA class knowledge pennies on the thousands of dollars. While I really enjoyed my MBA experience at a top U.S business school, it is important to hold schools accountable when the worst happens (and it could).
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