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Elon Musk says As much as possible, avoid hiring MBAs. MBA programs don't teach people...

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Finance

Elon Musk says As much as possible, avoid hiring MBAs. MBA programs don't teach people how to create companies.

Most Master of Business (MBA) students study in the evenings and weekends since they already have full-time corporate jobs. The reason that MBA programs dont teach students how to create new entrepreneurial startup companies could be because doing this is likely to be a negative NPV project for students (and university business schools). Which of the following statements is NOT correct? MBA students considering starting or joining new entrepreneurial startup companies are likely to:

Select one:

a.

Be expensive to hire by startups compared to younger workers due to their qualifications and experience.

b.

Suffer higher risk of unemployment if the startup fails as most do.

c.

Bear a low opportunity cost of giving up their existing job to join a start-up.

d.

Have learned techniques to excel in large hierarchical mature firms which are the biggest employers of MBAs compared to smaller flatter startup firms where revenue growth is more important than efficiency.

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