To be an MBA or PGDM takes a lot of time, money, and effort. Consequently, it’s essential to really think about whether or not it is worth your while to pursue one. Here are some points to ponder.

Why is MBA important?

The correct reasons:

1. To hone skills like
2. Understanding and Empathy
3. Influence
4. Creating business strategies
5. To help you make a career pivot
6. To quicken the speed of your professional development;
7. To MBA, or not to MBA? For many young professionals, that is the question.

MBA, or no MBA? For most of us, this is the big question.

An MBA, full form is a Master of Business Administration and this is a post-graduate degree dedicated to building leadership skills and learning business ideologies. For the majority of graduates, MBAs offer much more than that: a better professional network, access to jobs, and a bigger salary.

In few cases, the complete impact of an MBA might take a few years to come to fulfillment, and if you’re in it for the wrong reasons, you might not succeed the outcomes you want. Some aspirants enter a Business School to explore an entrepreneurial route. They normally go on to launch their own start-ups or join early-stage start-ups, including those founded by alumni.

Also Read:- How to select the right Business School

Most of the most prominent and successful businessmen of today’s world have MBA degrees, and their number exceeds the number of college dropouts! None of these had a family business history. The wealth they created was by their own means. The employment generated was their own dream, nothing borrowed!

If you’ve had any disbelief that the MBA is not impactful sufficient in real-life business, you better think again.

You must have heard of the college dropout stories of successful business people who are now earning millions. Although these stories are factual, true and correct, that by no means suggests that education does not add value to business sense and success. Maybe you were not aware that some of the very noticeable and successful today’s businessmen of the world have an MBA degree.

Here below are brief insights into the lives of the top 6 entrepreneurs with MBA degrees and no previous business background.

#1 Elon Musk

He is an MBA from the Wharton School of Business.
Net Worth: USD 210 Billion

He was born in Pretoria, South Africa and thereafter moved to the United States. There, his ground-breaking career has factually skyrocketed. Elon Musk is universally known as a business magnate, engineer, inventor, and venture capitalist. Widely known as the Founder and CEO of space exploration company SpaceX, he is also the Founder of premium electric cars manufacturer Tesla Motors and chairman of Solar City.In past, he founded Zip2 and PayPal, and, he is now eyeing some very futuristic ideas, such as the colonization and terraforming of Mars.At the moment, Musk is testing his creative skills at creating a high-speed transportation system by the name of Hyperloop. He is also working on an electric VTOL supersonic jet aircraft. He presently lives in Bel Air, Los Angeles USA.

#2 Larry Page

MBA from Instituto de Empresa
Net Worth: USD 116.6 Billion

Larry Page is Google’s founding CEO and grew the company to more than 135,000 employees. He continues to share responsibility for Google’s day-to-day operations. He is the son of Michigan State University computer science professor Dr. Carl Victor Page, Page’s love of computers began at age six. While following in his father’s footsteps in academics, Page became a graduate from the University of Michigan, where he earned a BSc in engineering, with a specialization in computer engineering. While in the Ph.D. program in computer science at Stanford University, Page met Sergey Brin and together they developed and ran Google, which began operating in 1998.

 

#3. Michael Bloomberg

He is an MBA from Harvard Business School.
Net Worth: US$ 59 Billion

He is the 7th richest person in the United States and apparently the 13th richest person in the world. Michael Rubens Bloomberg is no new name in the business world. Born in the United States, he is a business magnate, politician, and philanthropist. He also served as the Mayor of New York City. He Founded Blomberg L.P., which is an international financial data and media corporation and providing investment banks and companies around the world with important financial data. Bloomberg was elected the 108th mayor of New York City. First elected in 2001, he held office for three consecutive terms, winning re-election in 2005 and 2009.

 

#4. Phil Knight

He is an MBA from the Stanford Business School
Net Worth: USD 55.6 Billion

Just do it! We’re sure you must have heard that before. Sure, Phil Knight absolutely “did” it in his career by founding the world-renowned Nike Inc. He took Nike reasonably far and successfully turned it into a very prestigious company worldwide. He said that he learned business acumen in his MBA class at Stanford Business School and this is where he discovered that he can make a true entrepreneur. He is also the owner of the stop motion film production company Laika. He has donated over $2 billion to the three institutions. Knight enlisted in the army and served one year on active duty and seven years in the Army Reserve.

 

#5. Frank Batten

He is an MBA from Harvard Business School.
Net Worth: $1.4 billion

Do you wish to know what the weather’s like? Ask Frank Batten! He was born in Norfolk Virginia, USA, and was the Co-founder of the first nationwide, 24-hour cable weather channel.He passed away in 2009, his legacy lives on through the progress of newspapers and television stations all around the USA.He received his MBA from Harvard back in 1952 and used it to his full advantage while acquiring media companies and eventually becoming the Co-founder of The Weather Channel. Batten sold TeleCable (a multi-system cable TV company) in 1995 to TCI for $1 billion. His gifts to schools and institutions include $32 million to the Harvard Business School, $60 million to the Darden Graduate School of Business Administration at the University of Virginia.

#6. Scott McNealy

He is an MBA from Stanford Business School.
Net Worth: $1 billion

A USA-based top entrepreneur with MBA, He was born in Columbus, Indiana in the USA. He is the Founder of the technological corporation Sun Microsystems. He remained the CEO of the company till 2006, for a tenure of over 20 years. He is a recipient of the ‘Entrepreneur of the Year’ Award, McNealy was no doubt schooled well at Stanford Business School.