![]() ![]() To be sure, the world is full of college dropouts who achieved great things.ĭell Computer founder Michael Dell dropped out of the University of Texas Oracle Computer founder Larry Ellison and Apple Computer founders Steve Wozniak and Steve Jobs (who went on to create neXT and Pixar) also left school to follow their dreams. "However I don't measure candidates as much by their education or years of experience as by their achievements and results." "An MBA from a top-drawer university is great to have and, all things equal, may be a tiebreaker," she says. A hedge fund director, Sarah now makes numerous hiring decisions herself. Today Sarah has advanced up the ranks and earned her MBA at Wharton. The Harvard MBA hadn't worked out after all, and they wanted her to join the firm - at a salary $10,000 higher than the maximum point of the range they'd initially discussed. Four months later, Sarah got a call from the company that had rejected her. "I just couldn't compete with the luster of a Harvard MBA."īut wait - the story doesn't end there. "I went to a community college then finished up at a city branch of a state university," Sarah lamented. Sarah had an excellent track record and had done very well in her interview still, the other candidate was chosen for the position. Take Sarah, a successful investment manager who was competing for a portfolio manager job against a Harvard MBA. In real life, it's harder to say who comes out on top. In the end, though the "street smart" folks made an impressive showing, it was a "book smart" contestant who walked away with the prize. During the third season of "The Apprentice," he divided contestants into two teams: those with just a high school diploma and those with college and graduate school degrees. In a televised social experiment, Donald Trump put this question to the test. When it comes to succeeding in business, which is more important: book smarts or street smarts?
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