Mind the Gap

MBA Trends

Scott Galloway examines the shifting landscape of MBA programs amid the pandemic, highlighting how economic downturns traditionally boost business school applications. He notes that recessions often drive individuals to seek refuge in graduate education, as it offers a strategic pause to gain skills and emerge stronger in the job market 1. However, he criticizes the inflated costs of business schools, pointing out that administrative bloat and tenure have driven tuition prices beyond inflation 1.

The surplus margin from graduate education has been too great for us to resist.

--- Scott Galloway

Galloway suggests that while current conditions may temporarily increase applications, the structural issues within the system remain unaddressed.

   

MBA Value

Galloway argues that the value of an MBA is declining, as many companies no longer see it as essential for their top talent. He describes business schools as places for the elite and aimless, noting that the exorbitant costs have made the MBA less of a no-brainer investment 2. The prestige of attending a top-tier school still holds weight, but for many, the financial burden outweighs the benefits 2.

Business school has essentially become the place for the elite and the aimless.

--- Scott Galloway

Galloway emphasizes that unless one gains admission to a top 20 school, the investment may not be worthwhile.

   

Economic Focus

Galloway critiques the current economic priorities, arguing that public health should be the primary focus to ensure long-term economic stability. He stresses that a healthy populace is crucial for reigniting the economic engine, criticizing narratives that prioritize economic recovery over safety 3. Galloway is particularly critical of leadership that he perceives as lacking empathy and foresight, suggesting that economic security should serve to foster meaningful relationships, not just financial gain 3.

Any narrative around the economy getting back before it is entirely safe is nothing but a false, hollow, reckless ass clown stupid narrative.

--- Scott Galloway

He calls for a reevaluation of priorities to align economic goals with public health needs.