Word: educationism
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The women’s movement had only just begun to take form, and while most of her fellow classmates went straight from the dorms of Radcliffe to the role of housewife, Alfaro opted to further her education. Alfaro continued her studies at Berkeley, then began teaching English at Boston...
For them, a Harvard MBA is worth more than just an Ivy League education.
But in the aftermath of the 2007 financial crisis many blamed on reckless lending and poor risk management, critics questioned the value of the MBA, the two-year education meant to churn out future titans of industry.
In the past year alone, Business School professors Rakesh Khurana, Srikant M. Datar and David A. Garvin ’74 have published academic writings exploring the place of the MBA education in today’s society, prompting much discussion and reevaluation at business schools nationwide.
“Students increasingly saw the elite MBA as a place to develop a social network rather than acquire a professional education,” Khurana says. “In other words, elite MBA programs were becoming more like finishing schools rather than professional schools.?...