Did MBAs cause all the mess-up ?
The
HBR editor's blog
has a small, crisp, and interesting write-up on the subject of the financial crisis, and who caused it?
The one paragraph that impressed me:
But whether that's true or not, they've certainly figured out that the MBA offers an attractive return on investment. That payback can happen in different ways. The low-risk option is to enroll in a relatively inexpensive program on a part-time basis (especially when tuition reimbursement is available from one's employer). A higher risk, higher return option is to enroll in a top-ranked school, quit your job, move your family and pay maximum tuition for a chance to earn an elite degree.
You see where I'm headed. The type of person who has the appetite for this second kind of risk-reward equation--plus the brains to excel in a rigorous academic setting--is the same type that Wall Street firms have been so eager to hire.
And yes, sure enough, payback happened. Greed overflowed. And in the famous american lingo, sh** hit the fan!
Read the full article
here
.