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Are MBA Alternatives Worth It? - YouTube
Channel: Career Protocol
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it feels like everybody is pitching
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their alternative to the nba welcome
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back to nba monday i'm angela guido the
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founder of career protocol
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a career coach and mba coach for the
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last 15 years
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helping thousands of people get into
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business school and get into the
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companies of their dreams today i'm
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talking about
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what should you do instead of getting an
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mba two weeks ago i talked about who
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shouldn't apply to business school if
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you're in one of those three categories
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an mba alternative might be the perfect
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thing for you today i'm going to talk
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about what are the mba alternatives and
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how can you get the value that you want
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from business school from somewhere else
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oh i have so much to say about this
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subject
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all right so if we're going to talk
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about mba alternatives
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we really need to talk about the purpose
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and value of an mba in the first place
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because to figure out if an alternative
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will suit you and give you what you need
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you need to first ask yourself what is
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it that i need what is it that i'm
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hoping the mba will give me
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and then consider
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whether you can get that from another
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source than an mba so the majority of
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people who apply to business school
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are looking for one of three or all of
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three things and indeed uh the primary
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benefits
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that mba graduates report align with
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these three things so the the first
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thing is
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an education in business like just
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learning how business works getting
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savvier about the business world that's
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the number one benefit of
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of an mba the second is a network
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a group of friends a group of colleagues
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a group of people who are similarly
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passionate in diverse areas of business
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who are going to be your friends and
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mentors and collaborators throughout the
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course of your career
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and then the third thing that people
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look to business schools for is access
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to opportunities this is really post mba
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recruitment it's getting your next job
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post mba
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it's uh
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the ability to be hired into a job at a
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company that you might otherwise not be
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able to get into from wherever you sit
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today so let's ask ourselves can we get
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that stuff somewhere else
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all right i'm going to take the first
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one first which is education and
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education in business is it possible to
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get a really complete and well-rounded
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understanding of business
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outside of business school
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i would argue that
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this aspect of business school
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is the easiest to replicate
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outside of business school
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and there are all kinds of places that
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you can go
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to get
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information about how business works to
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learn about business and to build your
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inner confidence in understanding how
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the business world works if you're an
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auto died act you might just want to
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start with books there are actually a
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ton of great books out there that will
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help you think like a business leader
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and understand how business works two of
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my personal favorites here's one
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the personal mba
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a world-class business education in a
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single volume
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i don't want to say this book is
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overreaching to say that it's trying to
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replicate business school of course
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a single volume is not going to compare
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to two immersive years surrounded by
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business learning from professors and
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experts and peers
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but if you just want to learn kind of
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like how
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the business world works and how all the
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different functions fit together and how
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a market dynamic is composed
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this is actually a pretty great book so
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maybe start here if you're thinking
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about business school
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a second book that i really love that i
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think sort of baptizes you and how
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business works it's written less from a
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theoretical covering all the bases
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perspective and more from an
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entrepreneurial perspective of helping
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you like actually start and grow and
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build a business and find your place in
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helping a business be successful and
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that's called the one page marketing
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plan obviously the focus on this is
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marketing but alan dibb this really cool
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australian entrepreneurial dude
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uh covers
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a ton of great information about how
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businesses work and
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all the different functions and how they
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fit together to create success and to
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add value to customers what i love about
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this book is that it's really focused on
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creating value building value for
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customers and for stakeholders
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and doing it in a smart no-nonsense way
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then there are online learning platforms
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courses taught by famous business
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leaders or
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famous thinkers it feels like everybody
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is pitching
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their alternative to the mba in fact
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the uh the top
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in fact the top blurb on the personal
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mba is written by seth godin he says
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file this book under
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no excuses
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i don't quite get what that means but
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he has his own seth godin has his own
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alternative mba it's called alt mba it's
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a four-week program in
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learning how to market and build a
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business and communicate effectively
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another great learning resource for
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business oriented people is
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founder.com we'll put the link in the
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description below it's founder without
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any founder.com again run by some guys
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in australia who have some really great
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ideas and a really great network of
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business leaders
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where they've put together courses in
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just about everything you can imagine
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and how to like build and run a business
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most of these resources are designed for
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people who are planning to go an
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entrepreneurial path who are trying to
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start their own thing potentially even
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people who want to be like solo printers
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never mind entrepreneurs but if you're
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really looking to learn
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about how business works
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the number of great cheap and affordable
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resources out there is mind-boggling i
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haven't even gotten into things like hbx
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core
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and business courses offered online by
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top mba programs that are much more
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approachable much more affordable than
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an actual mba so the bottom line is if
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all you really need from the mba is
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education it's learning more about your
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business function or business in general
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i would argue that you can probably get
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that aspect of an mba
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in a much cheaper and more expedient way
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than going to business school
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second thing that people go to business
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school for is the network so if you
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think about what an mba network consists
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of it's having a brand that connects you
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to all the other people that are
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connected to that brand you're an alum
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of that school for the rest of your
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career and so anyone else who went to
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that school is potentially going to be
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more favorably predisposed to speaking
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with you to helping you to hiring you
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etc
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that aspect of business school you're
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not likely going to be able to replicate
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any other way
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the second aspect of having a network is
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actual professional friendships it's
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getting to know people
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and
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being friends with them pretty
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straightforward pretty simple
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and something that by the way the mba
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doesn't guarantee
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you're gonna be in business school but
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if you don't know how to nurture
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relationships and foster collaborative
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friendships
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you may graduate from business school
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without the amazing network that you
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thought you were going to have because
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you didn't work on nurturing and
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building those relationships so creating
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a thriving network is something that
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anyone can do anywhere at any point in
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their life and so i really encourage you
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to start
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doing that right now even before you go
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to business school and even
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don't even think about the mba think
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about how can i continue how can i build
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and grow
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thriving mutually beneficial
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professional friendships if you want
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tips on how to do this you can read my
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book about it we'll put the link in the
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description below i have a whole book on
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how to network without feeling like an
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a-hole it's actually designed for mbas
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but it will help anyone who's
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trying to advance
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your career through friendship
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the third aspect of a network that's
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really important is access to people
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that you might not otherwise encounter
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that includes your classmates but it
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also includes professors and people who
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come to campus to speak it includes
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recruiters it includes all the
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people that surround an mba program that
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you might not come into contact with
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otherwise and if you want to replicate
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this aspect of the mba the best thing to
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do is to just start going to conferences
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start going to public gatherings and
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conferences in your field get to know
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experts and thought leaders in your
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space go to their talks
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connect with them follow up and seek to
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proactively build a network of people
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who can mentor you and advise you on
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your own so that's the second aspect of
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the mba that's really important and
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that's the network and the verdict here
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is well
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it's not going to be the same as going
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to business school and studying for two
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years with people with whom you become
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friends but you can
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build a thriving and frankly
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way more robust network outside of the
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mba if you if you do it on your own
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[Music]
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the third aspect of business school
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that
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most alumni report
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uh being really important to them is
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access
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to opportunities so having the chance to
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be hired by companies into post mba
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managerial roles
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that
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you might otherwise not
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even be able to apply for jobs that you
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wouldn't be considered for unless you
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were part of an mba program and this i
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would say is really
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the hardest aspect of the mba program to
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replicate so
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a top mba program really levels the
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playing field no matter what your
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background is no matter what experience
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you're bringing into that program
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many companies will take you seriously
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as a potential hire if you are
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graduating as a part of the harvard mba
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class or the booth mba class and so if
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you're if one of these opportunities
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is what you really want if that's what
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you're hoping to get out of business
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school
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then probably the mba alternatives are
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not going to satisfy you but
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getting access to
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great job opportunities
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is really contingent on your network in
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the first place this is really the the
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difference because when you're in
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business school you're part of the
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wharton the kellogg the tuck mba
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recruiting network and companies are
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coming to participate in that network
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and to hire people out of those programs
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you can still cultivate your own
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relationships and make inroads to the
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companies that you want to work at
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using the people that are already part
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of your life if you really know how to
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work your network you will never be
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starved for opportunity because
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opportunity comes from relationships the
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mba makes
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a lot more opportunities available to
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you in a short timeline
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and without you having to do a lot of
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work
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not no work but do a lot of work to
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build that network for yourself still
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however if you want access to these
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opportunities there are ways to create
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them on your own
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so if you look at all the things that
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the mba provides uniquely
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that people tend to go to business
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school to gain
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what i've decided here today what we've
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discussed is that there are ways to
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replicate almost all of those aspects of
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the mba
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outside a formal mba program so
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depending on what you really want and
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need from the nba hopefully you found
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some advice today that will help you get
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that outside of business school if you
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decide that business school isn't
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actually the right choice for you the
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last thing i want to say about business
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school and as an alum myself and when i
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talk to my clients and my you know my
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friends who graduated from business
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school
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one of the most important things that
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people say
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about the value they got from business
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school
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that wasn't necessarily
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what they went in to get but it was
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ultimately the most valuable aspect of
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business school for them
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is a sense of inner confidence
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in their ability to lead in a business
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environment
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and this kind of confidence comes partly
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from the education partly from the
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friendships and like collaborating and
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actually trying to make things happen
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at least in simulations but even
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sometimes in live situations during the
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mba and it also comes from going through
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the recruitment process and succeeding
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and getting a job post-mba when you're
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competing with all these other amazing
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people it's really everything that we
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talked about that builds this sense of
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confidence in oneself to go out and lead
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in a business environment
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and
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truthfully one shouldn't need an mba for
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that
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but almost everyone i know who has an
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mba would say
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that they got that from business school
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and they don't know how they could have
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possibly gotten it anywhere else
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and i'm i'm also in that camp i i really
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have to say that personally
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as i have gone about building my
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business and developing my career the
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mba was a dividing line for me there was
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before the mba and after and my
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confidence in myself and what i can
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contribute
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is
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exponentially higher post-mba
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than it is
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than it was pre-mba again it seems a
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high price to pay to build that kind of
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inner confidence and i think if you
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wanted to do that yourself what you have
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to do is
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learn you'd read the books and then you
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go learn and apply it in a mentorship
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environment where someone can be partly
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responsible for your growth and your
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ability to implement the lessons you've
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learned you'd build that inner
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confidence by doing which is ultimately
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how how we all do it but it starts with
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the catalyst of learning something new
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gaining new skills and then
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being able to apply them and to be able
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to trust yourself that it will go well
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when you apply them so we started this
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video asking ourselves if the
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alternatives to an mba are worth it my
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answer is absolutely
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every dollar every hour you spend
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investing in your own development
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through whatever avenue will pay off
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that's just how it is so if you're
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interested in
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any of the mba alternatives i hope
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you'll check them out i've engaged i've
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consumed a lot of them and i actually
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have an mba so you can never over invest
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in your own development as a
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professional as a leader and as a
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competent person whether you decided
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that you're going to go for one of the
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mba alternatives or you're going to go
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straight for the mba yourself you can
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find me right here every monday on nba
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monday good luck i'll see you soon
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business
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learning education
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