Headline of the Day

I Teach at a Business School. It’s Time to Shut Them Down

—Chris Marquis in The New York Times on how the MBA is destroying America. (Alternate link here)

I'm inclined to agree.

This fall, another cohort of ambitious young professionals has arrived at business schools around the world for two-year programs with price tags in the six figures. Their presence at some of the nicest and shiniest buildings on campus renews a familiar question: What exactly is an M.B.A. for?

This question has become more urgent as business education has expanded dramatically in the past decades. Today, nearly one in five American undergraduates majors in business, and the M.B.A. is the most popular graduate degree in the United States.

I have taught in business schools for over 20 years, at Harvard, Cornell and Cambridge. While some students appear to care only about their future compensation, I have met many with nobler goals: engineers who want to commercialize clean energy, physicians determined to fix the health care system, nonprofit leaders who have watched good missions fail for want of good management.

These students enroll hoping to learn what business schools say they teach: how to manage people, how to allocate capital and resources and how to make the world a better place through leadership. But I’ve come to see how the institution can reshape the worldviews of those who enter it, often undermining the very ambitions that brought them there.

………

I’ve come to realize that business schools don’t just reflect our economic system — they actively manufacture its priorities and normalize its harms, training the future leaders who will design and defend the structures driving our overlapping global crises. Tinkering at the margins with a class on corporate responsibility or ethics is not going to help. We don’t need to “fix” business schools. We need to abolish them. 

I agree.