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SFGate Furor over MBA study by Stanford researchers

"For many would-be executives and entrepreneurs, an MBA degree is supposed be the ticket to career success. Two researchers at Stanford University's Graduate School of Business are turning that notion on its head.

A master's degree in business administration won't necessarily have the impact students expect, say Professors Jeffrey Pfeffer and Christina Fong. In fact, the researchers contend that America's business schools aren't effective in preparing students for the real world of business."

Boston.Com Business schools rush to counter MBA study
""The harsh reality is the demand for the MBA is incredibly strong, it's a hundred years old and it isn't a fad,'' said Dave Wilson, president of the GMAC.

" The article notes how many top executives don't have MBAs. But critics say that's not the point. Sure, some people succeed without MBAs, they say, but think how many use an MBA to go further than they otherwise could."

Business 2.0 What's an MBA Really Worth?
"Still more pointed is an upcoming study by Jeffrey Pfeffer, a management professor at Glauthier's own business alma mater, Stanford. In it Pfeffer challenges the bedrock assumption of business school: that those who make the effort to get an MBA degree have more successful careers than those who don't. Pfeffer combs through 40 years' worth of data for evidence that this is true -- and uncovers almost none. He quotes Ronald Burt, a University of Chicago business professor and the researcher behind two of the studies in Pfeffer's paper, who says, "I have never found benefits for the MBA degree. Usually it just makes you a couple years older than non-MBA peers.""

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