This take on the value of an MBA resonates both with the current educational and economic landscape. He's spot on about B-schools being better at marketing themselves than actually preparing students for the job market. It's unfortunate that education these days seems to be more of a business transaction than a transformative experience.
This comparison between financial advisors and MBAs highlights a critical shift in how professional value and educational credentials are perceived in today's market. It makes me reflect on the truth of true expertise in financial planning, beyond formal education. How do we discern the real value of financial advice in a world where experience and proven results increasingly trump traditional credentials?
Thank you for the remark that tees up the objective of PFE. The real value of financial advice is whether a consistent decision model is applied to any financial decision. That is economics-based financial planning! Some CFPs practice it, so don't exclude all CFPs because their curriculum doesn't teach it.....yet. As a consumer, you just have to ask the planner if they practice the economic approach.
This take on the value of an MBA resonates both with the current educational and economic landscape. He's spot on about B-schools being better at marketing themselves than actually preparing students for the job market. It's unfortunate that education these days seems to be more of a business transaction than a transformative experience.
This comparison between financial advisors and MBAs highlights a critical shift in how professional value and educational credentials are perceived in today's market. It makes me reflect on the truth of true expertise in financial planning, beyond formal education. How do we discern the real value of financial advice in a world where experience and proven results increasingly trump traditional credentials?
Thank you for the remark that tees up the objective of PFE. The real value of financial advice is whether a consistent decision model is applied to any financial decision. That is economics-based financial planning! Some CFPs practice it, so don't exclude all CFPs because their curriculum doesn't teach it.....yet. As a consumer, you just have to ask the planner if they practice the economic approach.