MBA right after undergrad?

blossom
Fri, 02 Apr 2021 20:36:10 +0000

Twoin18:

Like how month to month cash flow is way more important than P&L in a small business but the reverse is often the case in a big business.

This is a weak argument for getting an MBA-- whether right after undergrad or 5-10 years later. The philosophy behind cash flow- what it does, why it’s important, how to manage it- is very different from actually working in a business and having to deal with the fluctuations.

And none of the top B-school programs are vocationally oriented, i.e. “Here are the tools you need to launch your startup”. There are accelerators and business incubators who do that. OP is going to be taking macroeconomics and operations research… these are important disciplines to learn, regardless of whether they have a hands-on, immediate application to the business he intends to launch.

You want to learn enough accounting to manage your cash flow as a small business owner? You can get a free mentor from various non-profit groups, you can take an online class for a few hundred dollars, you can hire an accountant for a few hours a week.

Spending 6 figures for an MBA to learn cash flow management for small business? THAT’S a dumb business decision!