Networks can be built from scratch, and AI can close the skills gaps a budding entrepreneur needs. But an MBA can still offer something else.
I never went to business school — but I have, on occasion, wondered how my life would be different if I had. Who would I have met? What advice would I have been given? What insights might I have uncovered with a little more guidance?
I have no regrets about the path I chose. I’ve always been comfortable with teaching myself and learning on my own time, so the B-school track never really felt right for me. I’m not alone — in 2023, less than 6% of entrepreneurs held an MBA. Still, that figure represents a 45% increase since 2010, meaning that overall, there’s far more demand for such degrees than in years past.
Lately, I’ve been getting a lot of questions about whether business school is a good idea for aspiring entrepreneurs, especially in the age of AI. My answer? It depends on what you’re hoping to get out of it.
Experts largely agree that business school can offer you one thing that can’t be achieved via online tutorials: a large, built-in network. Not only will you be sitting in a classroom full of ambitious people, but you’ll also have access to faculty, guest lecturers and very likely, an expansive alumni network. These are the people you can call upon when you need advice, a warm introduction or feedback on your latest idea.
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