Grad School Value

Physician's Money Digest, January31 2005, Volume 12, Issue 2

Your daughter has her college degreeand now she wants to go to businessschool for an MBA. Conventional wisdomsays that it's probably worth it, sinceB-school grads supposedly commandhigher salaries (about $75,000 annuallyright out of school). But conventionalwisdom isn't always on target. A paper bya Stanford Business School professor suggeststhat an MBA may not be the path tosuccess that many think it is. One reasonis that B-schools are minting new MBAsby the thousands every year, but demandhas lagged way behind supply, presentinga classic B-school case study. Also, theprofessor notes, most of the stuff thatMBAs learn in grad school can be learnedjust as well or better on the job.