A guy called James Somers, student of Ross School of Business at U/Michigan, Ann Arbor convincingly takes B-Schools apart by a telling post. Excerpts –
“…..It was clear from the first few minutes of lecture that the business school got what it asked for: friendly, busy kids with mediocre math skills. The accounting class was like any other, though it crawled along, and exams were simple rearrangements of the practice tests;
We learned what took 45 minutes in my Econometrics class in an entire semester. We spent three weeks discovering that flipping heads with a fair coin three times in a row has a probability 1/8.
There was no rigor – for instance, when we learned the basics of optimization we were told to visually solve problems by moving a sloped line away from the origin and note where it hit the other lines, rather than tackle a system of equations or (aha!) do simple calculus. All the while we were told that what we were doing related to business through oversimplified case studies where we served as consultants to Firm A. Using the word “Science” in this course’s title is insulting.
If you’re rigorous, answering not just the how but the why, you can get even remedial kids to do great things; if you only hit the surface level, if you only teach procedures, you make everyone a monkey.”
I’ve read this book “What they don’t teach you at Harvard” by Mark McCormack… But Mark just stopped at filling some of the gaps – the gaps between a business school education and the street knowledge that comes from day-to-day experience of running a business and managing people.
I know Mark’s been a lawyer and did not go to Harvard. Good that he didn’t. If he had, he would still be writing….