The cost of an MBA is very high. It is justified from a long term perspective, where you are expected to earn a higher wage over time. It is normally done a few years into your career, otherwise you won’t be able to fully understand what you are learning. The big question is, does that make you a better leader?
If you can afford to take an MBA, arguably it means you are quite well off. Not only are you taking up either a big debt or a large expenditure, there is also a big need to sacrifice your time and energy. So that is the first hallmark of private school.
The next thing we consider is what the true benefit of an MBA is in terms of the knowledge gained. Sure there are some nuggets of gold in a few subjects which may be hard to discern anywhere, but ultimately what you can truly remember is quoted by many other people if you read a lot of books on business. You do gain access to a select group of people, who are in alliance with your circumstances to some degree. This is the second hallmark of private school – a niche members only type group.
Last but not least, the reason why it’s good to have an MBA is that you understand the lingo. When working in a big company with multiple MBA holders, there is an understanding of a certain level of language and methodology used – whether it works or not is anybody’s guess. There will be terms thrown around that the average person may not understand, and decisions will be made of certain structures that are not easily inferenced. And this is where we have the third hallmark – having an elitist type way of communication.