Should You Go To Business School in 2024?

Career Protocol
1 Jan 202408:56
EducationalLearning
32 Likes 10 Comments

TLDRIn this MBA Monday video, Angela Guido challenges the common belief that an MBA is a necessity for business success. She emphasizes that no one needs an MBA to excel in the business world, as evidenced by the millions of small business owners without the degree. Guido advises viewers to consider an MBA only if they aspire to lead or manage, and to detach the degree from its associated glamor. She encourages a personal investment in an MBA only if it aligns with one's goals and passion for making a meaningful impact through leadership and management.

Takeaways
  • 🎉 The decision to apply for an MBA should be a personal one, based on individual career goals rather than external pressures.
  • 🚫 The common misconception is that an MBA is a prerequisite for business success, but in reality, it's not necessary for most business ventures.
  • 💡 Success in business can be achieved without an advanced degree; many successful entrepreneurs do not have an MBA.
  • 🌐 The business world is a 'free for all', where anyone can make an impact regardless of their educational background.
  • 🎓 Detaching the glamor associated with an MBA is crucial; it's ultimately about learning and investing in oneself.
  • 🔍 An MBA is particularly suited for those who aspire to lead or manage, aiming to bring change through their roles.
  • 🤔 Individuals considering an MBA should reflect on whether they want to be leaders or managers post-graduation for the investment to be worthwhile.
  • 💼 An MBA is not for everyone; those who wish to remain individual contributors may find other certifications or educational opportunities more beneficial.
  • 🌟 The true value of an MBA lies in one's desire to understand systems and people, and to lead or manage effectively in making impactful changes.
  • 📈 MBA aspirants should not be seduced by the perceived glamor; they should focus on personal growth and the potential for real-world impact.
  • 📚 For those determined to pursue an MBA, it's essential to ensure that the degree aligns with their ambitions to lead and make a positive difference.
Q & A

  • What is the main message of the video?

    -The main message is that an MBA is not a necessary degree for everyone and one should carefully consider if it aligns with their personal goals and aspirations of leadership or management before deciding to pursue it.

  • What does Angela Guido suggest about the glamor associated with an MBA?

    -Angela Guido suggests that the glamor associated with an MBA is misleading and that one should detach the degree from this glamor, understanding that it is ultimately about learning and investing in oneself.

  • How many small businesses were there in the US in 2021, according to the video?

    -There were 33,185,550 small businesses in the US in 2021.

  • What percentage of small business founders in the US have an MBA?

    -The video suggests that it's maybe in the thousands, but not in the hundreds of thousands or millions, indicating a small percentage of small business founders have an MBA.

  • What does the video emphasize about the necessity of an MBA for business success?

    -The video emphasizes that an MBA is not necessary for business success, as anyone can start a business, work for a business, or have a significant impact without an advanced degree.

  • What should be the primary motivation for pursuing an MBA, according to the video?

    -The primary motivation for pursuing an MBA should be a desire to lead or manage and to make a positive impact in the world through one's career, rather than the glamor, title, or recognition associated with leadership positions.

  • What type of individuals is an MBA more suitable for, as per the video?

    -An MBA is more suitable for individuals who want to lead or manage, whether in the business world or other sectors like non-profits, education, or media.

  • Why does the video suggest that an MBA might not be worth it for some people?

    -The video suggests that an MBA might not be worth it for those who want to be individual contributors or those who can achieve their goals through other certifications or educational opportunities that are more affordable and time-efficient.

  • What advice does Angela Guido give to those who decide to pursue an MBA?

    -Angela Guido advises those who decide to pursue an MBA to ensure that it aligns with their personal goals and that it is a decision coming from within, rather than being influenced by others or societal expectations.

  • How can one determine if an MBA will be a good investment for their future?

    -One can determine if an MBA will be a good investment by assessing if they have a passion for leading change and if they will be in a position to understand systems and people, bringing them together to make things happen through leadership or management.

  • What resources does Angela Guido offer for those interested in pursuing an MBA?

    -Angela Guido offers advice through her channel, a community for support, and an email game that breaks down the MBA application process into manageable steps to help individuals achieve their MBA dreams.

Outlines
00:00
🎓 Introduction to MBA Monday and the Decision to Pursue an MBA

In this introductory paragraph, Angela Guido, the founder of Career Protocol, welcomes viewers to MBA Monday and shares her hope for their new year. She aims to help viewers determine if an MBA should be part of their future in 2024. Angela advises against applying to business school with the mindset that it's a necessity or a completion of personal development. Instead, she encourages viewers to consider whether an MBA aligns with their personal goals and to detach the degree from its associated glamor. Angela emphasizes that business success is not tied to having an MBA, citing the vast number of small businesses in the US and the relatively few founders with MBAs. She challenges the common belief that an MBA is a prerequisite for significant career moves and advises viewers to reconsider their motivations for pursuing an MBA.

05:03
🚀 Understanding the True Value of an MBA and Leadership

In this paragraph, Angela delves deeper into the value of an MBA, clarifying that it is not a requirement for success in business or other fields. She asserts that the MBA is a degree for those who aspire to lead or manage, whether in business, non-profit, education, or media. Angela warns against investing in an MBA solely based on the perceived glamor or for individual recognition. Instead, she advises potential applicants to consider if they have a larger purpose that requires leadership and management skills. Angela suggests that an MBA may be worthwhile for those who wish to make a meaningful impact through their leadership and management roles. She encourages viewers to reflect on their ambitions to make the world a better place and offers her support in achieving those goals, inviting them to join her community for further guidance on the MBA journey.

Mindmap
Keywords
💡MBA
MBA stands for Master of Business Administration, a postgraduate degree that focuses on business and management topics. In the context of the video, the speaker discusses the relevance and necessity of an MBA for individuals aspiring to lead or manage in their careers. The speaker emphasizes that while an MBA can be beneficial, it is not a requirement for success in the business world and should be pursued based on personal goals rather than external pressures or glamorized perceptions.
💡Career Protocol
Career Protocol is the organization founded by the speaker, Angela Guido. It appears to offer guidance and resources for individuals considering an MBA or looking to advance their careers. In the video, Angela Guido introduces herself as the founder and offers advice on whether an MBA is the right path for viewers' futures.
💡Business School
Business School refers to an educational institution that focuses on teaching business-related subjects, such as management, finance, marketing, and entrepreneurship. In the video, the speaker questions the necessity of attending business school for career advancement, arguing that many successful individuals have achieved their goals without this educational background.
💡Entrepreneur
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The video highlights that many successful entrepreneurs do not have an MBA, suggesting that an advanced business degree is not a prerequisite for entrepreneurial success.
💡Leadership
Leadership refers to the ability to guide, inspire, and influence a group of people towards achieving a common goal. In the context of the video, leadership is presented as a key motivation for pursuing an MBA, with the speaker emphasizing that an MBA is particularly beneficial for those who aspire to lead or manage in their careers.
💡Glamor
Glamor refers to a magical enchantment or an illusion that makes something appear more attractive or appealing than it actually is. In the video, the speaker warns against being seduced by the glamor associated with an MBA, urging viewers to consider the degree based on its practical benefits and personal alignment with their goals, rather than the perceived prestige or media portrayal.
💡Investment
In the context of the video, investment refers to the time, effort, and financial resources an individual commits to pursuing an MBA. The speaker emphasizes that an MBA represents a significant investment and should be carefully considered to ensure it aligns with one's personal and professional goals.
💡Individual Contributor
An individual contributor is a person who focuses on their specific role or area of expertise within an organization, rather than taking on leadership or management responsibilities. The video suggests that for those who wish to remain individual contributors, there may be more efficient and cost-effective educational paths than an MBA.
💡Change
Change, in the context of the video, refers to the transformation or improvement that an individual aims to bring about in their organization, industry, or society through their leadership or management role. The speaker posits that an MBA might be beneficial for those who aspire to be agents of change, provided that their motivations are aligned with the degree's potential to enhance their ability to lead and manage effectively.
💡Community
In the video, community refers to a group of individuals who share common interests or goals and support each other through shared resources, advice, and experiences. The speaker invites viewers to join Career Protocol's community for guidance on pursuing an MBA and achieving career ambitions.
💡Ambition
Ambition, as discussed in the video, is the strong desire and determination to achieve one's goals or aims. The speaker encourages viewers to consider their ambitions and whether an MBA aligns with their aspirations to make a positive impact on the world through their careers.
Highlights

The short answer to whether one should apply to business school is 'no'.

In 2021, there were 33,185,550 small businesses in the US, with only perhaps thousands of founders having an MBA.

Business is a free-for-all where anyone can make an impact without an advanced degree.

Some of the most successful entrepreneurs in history dropped out of college and never pursued an MBA.

One should not approach business school with the mindset that it's something they have to do or that it will complete them as a person.

It's important to detach the MBA degree from the glamor associated with it and understand it as just school.

An MBA is an investment in oneself and should be a decision based on personal goals and needs, not external pressures.

The reality of an MBA is sitting in a desk, learning, and spending a lot of money.

Nobody needs an MBA to succeed in the business world or beyond.

Even job descriptions that say 'MBA preferred' or 'required' can often be filled by those without an MBA.

The MBA is a degree for those who want to lead or manage, not just for individuals who want to contribute on their own.

An MBA should be pursued if one wants to lead or manage something post-graduation and make a significant impact.

The decision to pursue an MBA should come from within, driven by a desire to be competent and make change happen.

An MBA might be the right choice if one is passionate about making a difference through leadership or management.

The glamor of leadership should not be the reason to pursue an MBA; one should aim to be a better steward of organizations and causes.

Considering an MBA is recommended for those who want to be leaders of change, regardless of their background or industry.

The speaker offers advice and resources for those with the ambition to make the world a better place through their career.

The MBA journey is a long road and should be personally worth it; one should not be seduced by the glamor.

Transcripts

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