Codie Sanchez argues that MBA applications are surging even as college graduates face record unemployment and Harvard admits its business degree is no longer a differentiator. With 5.5 million U.S. businesses under 500 employees and 56% of Gen Z preferring blue-collar work, a $250k two-year MBA may not be worth the cost for aspiring entrepreneurs.
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New college grads are facing their cohort's worst relative unemployment numbers in decades. Young male college grads in particular are having as much trouble getting jobs as those who never went to college. Despite all this, MBA applications, look at this, they're rising double digits. Law school applications up too. Grad school applications up too. And then people will be like, oh, but the brand association with a top school is worth it. Well, not according to the brand where Harvard says here, going to Harvard is not going to be a differentiator, says Harvard. To be clear, business schools are still required and highly relevant for like a very specific set of jobs, I guess. But there are 5.5 million businesses with less than 500 employees in the United States. Most don't look like this, they look like this. 56% of Gen Z now believe that blue-collar jobs will offer them more job security than white-collar jobs. You don't need 2 years and a quarter million just for tuition. This country wasn't built by MBAs. It was built by people who bet on themselves, people like you. I want you as an aspiring business owner to have the skills, network, and education to thrive. Every profitable business can continue to live on if you actually learn how to take up the baton.
