Is Business School a Total Waste of Time?

A few years ago, I found myself faced with a situation where I had to make a decision on whether or not to go to business school. It is at that point that I came across the popular argument to the effect that ‘business school is a total waste of time’. The people who proffer this argument tend to back it up with the assertion that most of the stuff studied in business school is ‘common-sense stuff’. That most of the things that people learn in business are things they already know. The argument goes further to say that the only new ‘thing’ that one gets to learn in business school is fancy jargon. Yet at its core, such jargon describes stuff that one already knows.

In spite of such arguments, I chose to go to business school: mainly because I had nothing better to do. And 7 years down the line, I can say that business school was not a ‘total’ waste of time. Let me qualify the statement: business school may have been a waste of time (to some degree) – but it was definitely not a ‘total’ waste of time.

I say that business school wasn’t a total waste of time, for me at least, because of two things. Firstly, thanks to the time I spent in business school, I got an opportunity to network and obtain contacts I wouldn’t otherwise have gotten hold of. To this day, I actually maintain a SBCglobal email account — also referred to as an Att.net email account, if the review at emailaccountsonline is anything to go by – for the sole purpose of keeping in touch with the contacts I established in business school. And these have turned out to be useful contacts, giving me access to opportunities I may otherwise have missed out on.

Secondly, the fact that I am a business school graduate has given me a level of credibility that I wouldn’t otherwise have. When I apply for business loans, for instance, I find that my applications are treated with more seriousness than was the case before I went to business school.

I may also add that the things I learnt in business school have broadened my worldview a great deal. Nowadays, I find myself thinking in terms of ‘bigger’ issues: like, for instance, the issue of whether poverty can be eliminated totally, the issue of how bank interest rates can be kept low, the issue of how unemployment rates can be kept low without pushing inflation up… and so on. In a nutshell, business school converted me into some sort of an intellectual.