How useful is an MBA degree for entrepreneurs?

MBA courses are typically designed to create managers. The programs in MBA courses are designed to analyze what contributed to the success or failures of companies. These case studies help people get a perspective on what might work and what is likely to be challenging.

While knowing what worked and what did not work for others will be generally useful, it is not something that will be a sufficient condition to become a successful entrepreneur.

Being an entrepreneur often requires the individual to create a new path, and a MBA program does not necessarily sharpen these kinds of sills.

Several management school however do recognize that entrepreneurship is a serious career option for students, and their programs do include aspects that will prepare students for an entrepreneurial adventure.

This post is my answer to a question on Quora. Click here

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Author: Prajakt Raut

Prajakt Raut is the founder of Applyifi.com, and author of the book for startups - ‘Starting Up & Fund Raising’ Prajakt personal goal in life is to encourage and assist a 100,000 people to become entrepreneurs. _____________ Prajakt is the founder of Applyifi - an online platform that provides startups a 36-point scorecard and assessment report on the venture's investment readiness [www.applyifi.com], and helps them improve their odds of getting funded. Prajakt is also the founding partner of The Growth Labs, a platform where growth-stage companies get sharp, incisive advice from senior professionals and experienced entrepreneurs. [www.thegrowthlabs.in] Before starting Applyifi, Prajakt was the head of operations at IAN, founding member of a leading incubator, and the Asia-Director for TiE (2004 - 2007). Previously Prajakt had co-founded Orange Cross, a healthcare services company, and was part of the founding team member of Idealake Technologies. While in college Prajakt had founded a printing business and has spent over 10 years working in leading advertising agencies. Prajakt’s book, ‘Starting Up & Fund Raising’, helps startups understand an investor’s perspective, and helps them improve their odds of getting funded. The book also helps entrepreneurs understand the building blocks of a business.

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