DIY MBA: My Reading List (2019)
A lengthy reading list for a “DIY MBA” prompts debate over whether books alone can substitute for a formal business degree. Commenters highlight gaps in core areas like finance, accounting, operations, and case-study work, and argue that real value in an MBA often comes from projects, peer interaction, and professional networks rather than content. Many suggest a hybrid path—leveraging MOOCs, curated readings, and autobiographies while gaining practical experience through starting or working in businesses—while noting that the credential itself still matters for certain high-level careers.
DIY MBA vs. Formal MBA
- Many argue a reading list alone cannot replicate an MBA, which relies heavily on case discussions, group projects, and real-world consulting.
- Several posters stress that the “last 10%” – and arguably much more – is applying concepts in real situations, reflecting, and developing leadership and communication skills.
- Some claim the “real MBA” is starting or running a company; others say this gives different but complementary learning.
Quality and Scope of the Reading List
- Some find the list too long and skewed toward fluff or self-help, light on core areas like finance, accounting, operations, and basic marketing.
- Others see it as a useful high-level map, with books like “The 10 Day MBA” or “Personal MBA” praised as efficient overviews.
- Concern that long lists encourage box‑checking rather than deep understanding.
Case Studies, Discussion, and Projects
- Posters emphasize that MBAs teach people to “think better” through debates, opposing viewpoints, and joint problem‑solving.
- Suggestions to form entrepreneur/book clubs to simulate case discussions and to add practical projects (e.g., simple e‑commerce business) to a DIY program.
- People highlight that replicating structured feedback and peer interaction is hard with solo reading.
Value of MBAs: Credential, Network, and ROI
- Consensus that a DIY MBA has little signaling value for employers compared with a branded degree.
- Formal MBAs are seen as tickets into specific high‑paying career tracks (consulting, investment banking) and elite networks.
- Some argue the main value is signaling and connections; others say the network is overrated or unevenly used.
Business Books, Bias, and Learning
- Autobiographies and “winner” stories are criticized for survivorship bias; lessons may be obvious or not broadly generalizable.
- Counterpoint: advice should be judged on merit, not dismissed solely because it comes from successful outliers.
Alternative Resources and Curricula
- Recommended: MOOCs (e.g., finance theory, Wharton core classes), valuation and finance texts, operations/OR, basic stats, Excel/SQL.
- Links shared to open and paid case study repositories and curated business-book summaries/podcasts.
- Some suggest grounding in transaction cost economics, fundamental math/statistics, and reading financial statements as higher‑value “DIY core.”