Huffington Post Predicts “B-School Collapse,” but We Don’t See It

Yesterday on the Huffington Post, Pablo Triana wrote a piece titled “The Coming B-School Collapse,” in which he essentially predicted revolt by current and soon-to-be business school students who will no doubt be underwhelmed by their post-MBA job prospects in the next couple of years. While I was intrigued by the prospect of MBAs storming a modern-day Bastille to voice their displeasure with having to wait an extra year to become Masters of the Universe, Triana’s piece left me scratching my head a bit.

He first asserts that thousands more applicants than normal are vying for spots in top MBA programs as a result of the rough economy. Okay, so far, so good. I can’t fault him so far. He then describes the three types of students that one will find at a top school in this brave new (jobless) world, and while he oversimplifies some, he’s still on the right track. I can’t really find fault here, either.

Here’s where it gets interesting. Triana then goes on to paint a cramped classroom teeming with unemployable know-nothings: “B-schools are then going to be overpopulated and to present a student mix that is potentially explosive.” Um, how so? Just because application numbers surged last year, that automatically means the top business schools’ classes will be proportionally more packed than before? Yes, this year some school did admit a handful more students (with HBS being the most prominent example), but we’re talking about a handful. And every one of those students can read the Wall Street Journal or turn on CNBC… They know to expect a rocky job market, making a revolt a long shot at best.

Although he’s taught at a business school before, what really makes me wonder how well Triana is still connected to the business school space is his assertion that “B-schools are completely dominated by theory and theoreticians, bent on embracing failed and lethal dogmas.” While this was definitely true ten years ago, and some schools today are still too slow to evolve their programs towards a more pragmatic model (we call them out when we see such behavior), Triana must not know about any of these schools that have done far more than pay lip service to hands-on learning:

University of Michigan (Ross) — Multidisciplinary Action Projects (MAP)

UC Berkeley (Haas) — International Business Development (IBD) Program

NYU (Stern) — Industry Mentoring Initiative

Those are just several good examples; I’ve left out many other schools’ programs that are just as significant. Just to stoke the fires and get bloggers like me to take the bait, he goes on to say, “B-schools show no signs of abating their analytical practices, no real atonement, no true repentance.” Triana may have taught at a highly-ranked school for a few years, but he did not sit in a room with admissions officers from a half dozen top school this summer, hearing every one of them express concerns about the employability of their students (and the importance of this trait when looking at an applicant), wonder aloud about how application numbers will look next year, and express how seriously the administration at each school takes the challenge of giving their students truly valuable management training in today’s environment. They all spent a lot of time talking about these issues, and I know for a fact that not one of these schools is resting on its laurels.

But, all I do is study these programs for a living. Perhaps it’s much better to create a snarky piece with an attention-grabbing headline, incite some class warfare, and maybe sell some ads in the process.

You know what? Why not. Let’s see if it happens. The Internet hasn’t given me anything good since I first learned that combining cute cats pictures and misspelled words equals comedy gold. I can’t wait until I can pull up dozens of YouTube videos of McKinsey wannabes hurling Molotov cocktails across the quad, turning back a wave of armor-clad administrators who can’t lure a single bank to come to campus and hand out job offers.

Until then, I suppose I can keep myself busy with helping more and more applicants get into these collapsing business schools.

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