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Why an MBA Degree Isn't as Prestigious as It Once Was

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Historically, the MBA, also known as a Master of Business Administration, has been the business degree for entrepreneurs
The article from MSN discusses the diminishing prestige of the MBA degree due to several factors. Firstly, the cost of MBA programs has escalated significantly, making the return on investment less appealing, especially when compared to other educational or career paths. Secondly, the job market has evolved, with many high-paying and prestigious roles now available to individuals without an MBA, thanks to the rise of tech industries and alternative certifications like coding bootcamps or specialized master's degrees. Additionally, the article points out that the skills traditionally taught in MBA programs, like leadership and strategic thinking, are now being developed through various online platforms, corporate training, and real-world experience, reducing the unique value proposition of an MBA. There's also a shift in employer preferences towards candidates with practical experience or specific technical skills over those with a general business education. Lastly, the article notes that the MBA has become somewhat of a commodity, with many schools offering the degree, thus diluting its exclusivity and prestige.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/why-an-mba-degree-isn-t-as-prestigious-as-it-once-was/ar-AA1xFOGU ]