How essential do you see an undergraduate degree or MBA being for an entrepreneur?
Question:
Answer:
The answer would depend on what is driving you. Many people have famously dropped out of MBA programs to start successful ventures and others have completed MBA programs and climbed the corporate ladder.
The degrees (undergraduate or MBA) say the following: you have a certain level of commitment (you completed what you started), you have a base of knowledge (in your chosen area of study), and depending on the instituition will add another degree of credibility (the university has some level of entrance criteria - these also serve as a sorting mechanism for potential supporters and/or employers).
Another item to consider is your personal network. An entrepreneurial team is essential (you have to surround yourself with several trusted individuals - to guide you and keep you honest), because many people have great ideas that they get lost in. It also never hurts to have a few educated friends that can keep you sane and expose your entrepreneurial mind and spirit to other opportunities.
Lastly...an MBA does not consist of 12 math courses. Rather an accredited program (AACSB) consists of courses that span functional areas to include: accounting, marketing, finance, strategy, economics, leadership, and other areas. Most programs in the US require ~54 semester credits (~18 classes).
Good luck!
I am struggling with that dilemma myself. i am about 18 months away form graduating with a undergraduate degree in finance i chose this major because you learn about how a firm is ran from the inside out. with a miner in management i think that i will be able to open and manage a successful biz. i feel that an MBA is for people who want to get a promotion. it is just about 12 math classes and 2 or 3 electives. i don't see the need.
http://www.daylon.com/mba/
that site has a great amount of information on the MBA degree & universities offering the degree.
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