Credentialism

So I finished my final MBA class this past Saturday. I still have to complete the directed internship, but the project is already mostly done, I just have to compile some survey results and make the pitch.

It's been an interesting two years, to say the least. I went in with two and only two goals for attaining the degree:

1. Open more professional doors. As I will turn 44 in a few days, it occurs to me that my career path needs to be more, shall we say, solidified, lest I meet the standard American working class dog's fate of working till the day I drop, leaving the cubicle farm feet first, a life by definition less than fulfilled. In other words, time to shit or get off the pot, professionally speaking. Until I start pulling down at least high-five/low-six figures, jury's still out on that one.
2. Gain more knowledge, of how and why things work, of specialized areas, of where to refer when in need. Really, to put it in somewhat Rumsfeldian terms, to learn more about the unknown unknowns, the things about which I didn't even know I didn't know. This goal was attained much more closely than the first one, because of the trade secret of the MBA -- you don't have to memorize everything from every class you take, every factoid that's pumped into your head, you just have to recall where to look it up for reference.

Of course, there were other valuable lessons, most of which I already knew but were reinforced with various degrees of vigor. The textbook industry is a goddamned racket, from author to printer; your instructors, while chock-full of the bien pensant sentiments one would expect sinecured academics to be flush with, are still susceptible to the same strains of peer pressure and business expectations as any of us in the real world are; you are handed rote ethical nostrums to dutifully recite, as if they were the bidnessman's Hippocratic Oath, without the rich context the ongoing shenanigans in the financial sector so abundantly provide; you need to memorize and regurgitate, and speak extemporaneously on the matter -- whatever it may be, balanced scorecards, Porter's five forces, why EVA is infinitely more important and useful than EBITDA -- as if your very life depends on it.

Most of all, what is reinforced is a rather unique arrangement, where you are both student and consumer, a role somehow both inherently subordinate yet festooned with Important Surveys on how well you enjoyed your extraordinarily high-priced product. It is a very strange business model, perhaps unique -- just as the insurance industry is the only major business model that is predicated on the company not providing the service for which it has already been paid, so the post-secondary edumacation system is the only model that caters to you even as it pushes you around.

It's been an enoyable experience, the way I assume a triathlon is for its participants -- it's an accomplishment just to complete it, really. But from the start, despite my goals and high-handed sentiments about the process and quest for knowledge and value -- something I still believe, for myself at least -- I have always thought about the subtext of the first goal enumerated above.

This is perhaps the biggest racket of all in the university system, this idea that a piece of paper is so incredibly valuable that it trumps all else, and thus is worth paying a couple years' wages (if it gets you the job it's supposed to, a tenuous proposition at best these days) for. And the truth is, it is and it isn't -- there is value attached to that piece of paper, so long as its holder realizes that there are people with nothing more than high school diplomas doing the same job just as well.

And really, now that I know where to look, and what to read, and with all the free resources on Teh Intartubez, I can tell you right now that the knowledge is available for free, or for less than $200 worth of books anyway, so you really are paying the big bucks for the credential.

I knew this from day one, to have it confirmed is alternately frustrating (because I still have to pay for the privilege) and comforting (because even with my worst assumptions about people and things, I love being proven right, which I always am).

All that said, it's been a fun ride. I love the library, I love the campus and the energy of it. I can see why some people never want to leave. But in the end, I do think that once the health-care battle has been more adequately addressed, it may occur to folks that granting more accessibility to higher education will lead to better macro outcomes in a rapidly crumbling society. You can't keep gouging kids at every turn, and expect them to just want to keep "getting ahead", especially when more and more that just means for them a decade or so of student loan repayments.