Somedays back, a current Student, Tahseen Jamal of ISB ‘05, presented the following Analogy.
y = mx
y = e^x
He used this to emphasize the importance of MBA in one’s career. While y=mx represents a linear growth without MBA, y=e^x represents an exponential growth. What he effectively means is that MBA provides an oppurtunity for exponential growth (not just money, but responsibilities, roles, learnings etc.,). Even though the growth will be slow in the beginning with an MBA, the growth will be faster in the longer run.
I personally found his mathematical approach very interesting. But I would like to analyse it bit more deeply. Let’s assume that ‘y‘ represents the growth, ‘x‘ represents the number of years and the function/equation as such determines the growth pattern. Also let’s restrict the value of x to 60 [age until one retires].
In the case of y=mx, the ‘m‘ determines the growth potential. If ‘m‘ is high enough, then it might happen that y=e^x might never cross/overtake the y=mx pattern. There are certain cases in which the growth is super linear. E.g., Possessing a skill set which is very rare. ‘m‘ is determined by your skillset, passion, focus and other personal attributes. In the absence of MBA, these are the attributes that pulls one to great heights. This proves the cases of achievers who don’t have MBA.
On the other hand, MBA cannot necessarily be represented by y=e^x. Since ‘e’ represents euler number of 2.73 (a constant), I would modify the equation to make it y=m^x. Now, the value of ‘m’ is a variable. If the value of ‘m‘ turn out be less than 1, you can see that the growth retards! (This proves the case where a person with MBA turns out be a under-performer). In this case too, ‘m‘ determines the actual growth pattern. The personal attributes, vision, goal, passion and effort determines the ‘m‘. Well, what does this all mean?
MBA will give your results, only if you have your ‘m‘ factor right. If you blindly believe that MBA degree will give you a boost in your career, then you are doomed for sure. In the end, it’s YOU who is going to achieve. If you have the right ‘m’ factor and if you have an MBA, you will definitely achieve your goals and will be extremely successful.
Coming to the end of the ramblings, I would like to present another set of equations presented by the same student.
MBA - Passion - Effort = Stamped Paper in hand
MBA + Passion + Effort = True MBA
Strong Passion + Effort + Hardwork + Commitment = Raw Experience
True MBA > (Strong Passion + Effort + Hardwork + Commitment) >> Stamped Paper in Hand
I am aware that this is a debatable topic, so please feel free to bombard the post with your comment missiles..