A couple of weeks ago, I wrote this post on applications declining at top business schools. Today, I came across an interesting post with a slightly different perspective on the topic. What made the post worth a (full) read for me is the fact that the author immediately discloses that he dropped out of business school. So while I can say it’s not worth it for everyone in theory, this is a real life example of someone who started and came to the conclusion that it STILL wasn’t worth finishing.
He makes some great points on the return on investment being a risky proposition and more time being spent on networking and recruiting than actual coursework, but I question his premise that people can take online courses and network through LinkedIn and get the same results in their career search.
For learning purposes, of course you can learn online just as much as in the classroom, I’m not sure self study carries the same weight as saying you studied a certain topic at Kellogg, HBS, Anderson, or any other top school.
On the networking side, you can make some powerful ontacts on LinkedIn but the effort required to do so is MUCH more than when you’re networking at business school. It’s much easier to network with people on campus in your class or actively recruiting for talent than it is randomly reaching out to an executive at the firm you’re targeting for your next gig. I’m not saying the difference justifies the full cost of going to get your MBA, but there is no denying that it has some advantages over an individual job search.
What are your thoughts? Do you think self-study is the new trend in resume building/career search? Let me know in the comments.