Philip Delves Broughton on what you really learn at Harvard Business School:
Everyone knows what they’re best at, but often they think it’s of no value. I felt like that when I graduated from HBS, and I was wrong.
Broughton’s memoir of his experiences at HBS is now out in paperback, and I can recommend it: he nails the tone of delusional self-congratulation that seems to pervade HBS alumni.
I suspect that the heyday of the MBA — the extremely expensive piece of paper which pays for itself through massively inflated earnings after graduation — is now a thing of the past. The finance-heavy courses, in particular, should surely be ripe for what their students might like to think of as “consolidation” — what the rest of us would call shuttering. It’s clear, in hindsight, that they did more harm than good. So why perpetuate these things?