The MBA Bubble

Book excerpt: 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.