27.7.03

THE RETURN ON AN MBA. Some time ago, I questioned the value of an MBA, and a reader asked if I had any evidence. At the time, I emailed to the effect that I had seen it "someplace." Found it during the summer cleanup and catch-up on reading. Economist, print edition of 27 July 2002, p. 56, cites Pfeffer and Fong, "The End of Business Schools: Less Success than Meets the Eye," Academy of Management Learning and Education, volume 1, no. 1. (No .pdf available yet, and it doesn't appear to be stored on J-STOR.) Short form (from Economist): "there is little evidence that getting an MBA has much effect on a graduate's salary or career."

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