January 10, 2013

HIGHER EDUCATION BUBBLE UPDATE: Don’t Go To Business School! “It strikes me as a real problem that more people are paying a lot for degrees that don’t necessarily boost their earning potential. It’s a symptom of two worrying economic trends: the relentless push for ever more educational credentials, and the stagnant labor market. . . . The last two decades have witnessed an aggressive expansion of graduate programs, particularly in areas like business and law. Schools love them because they’re cash cows: low cost, high price. But they don’t provide good value to their graduates.”

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