Saturday, February 7, 2009

Reasons against PMBA. Personal MBA is not an MBA

This article has been written as a personal opinion in response to the views of Josh Kaufman’s “Personal MBA Manifesto”

The Personal MBA (PMBA) movement

The Personal MBA Manifesto Starts with the following catchy phrase that will probably make everyone reading nod and assent by the time they finish.

"You wasted $150,000 on an education you could got for a buck fifty in late charges at the public library." – Will Hunting (played by Matt Damon), Good Will Hunting

That kind of summarizes very well the core ideas behind the Personal MBA (PMBA from now on). There is no need to go to a Business School and pay a lot of money for knowledge you can get your hands on for a couple of hundred dollars of books in Amazon or at a public library. The idea is very simple and maybe that’s why it was so successful: Self-education can be applied to advanced Business knowledge.

Some reasons why I think it just won’t work

It might be a good idea for the PMBA followers to watch that movie again and remember one little detail… In the movie, Will Hunting was a genius, not a regular guy. We’re not stupid, we all know that you can go to a library and get all the books you’ll find in an MBA (or any other kind of education) so Why doesn’t everybody rush to do that ? The reason is that we average people (meaning by average not geniuses like Will Hunting) just don’t have the capacity to learn that much by ourselves. We can go to a library and read an entire book but the takeaway we’ll get from it will probably be much less than if we learn that in a classroom with teachers and other students. Maybe… just maybe… that’s why our entire educational system (not just Business Schools), from elementary school trough University has been working that way for hundreds of years.

What I’m trying to say here is that I’m not against self education in general, but in my opinion, it only works if certain conditions are in place. First, it only works for topics like mathematics, physics or other exact sciences. In general any knowledge where you don’t need interaction with other people; any knowledge where you only need to acquire given theories and learn how to apply them. You could be locked in a room with tons of books about algebra and learn a lot but … Could you do the same if the subject was how to manage Human Resources? Do you imagine self studying psychology? Medicine? Or any other kind of knowledge where interaction with other people and learning from experience (not only books) is absolutely necessary? Well Business Skills is surely one of them; therefore self education in my opinion doesn’t apply.

Secondly yes, in these kind of subjects if you’re really smart you don’t need a teacher at all. But just like in the movie, it only works for extremely intelligent people that can learn just by reading a book and don’t need anyone else to explain them what they don’t understand; don’t do tests and don’t have someone else telling them what they did wrong and on which areas they need to improve. For average people, it just wouldn’t work… sounds great, but just wouldn’t work.

HUMBLENESS books are not on their reading list…

Another very important abstract from the manifesto is the following:

You're not forcing yourself to learn something because someone else tells you it's important: you're learning it because you know it's important and you value what you're learning.

It’s of extreme arrogance to think that you might be able to know what’s important to learn and what’s not. Do you really think that you know what’s important in the Marketing world, more than, for example, someone that has 20 years of experience working for Procter & Gamble? If you do, then the PMBA is your thing. For me the answer is Of course not !! It would be extremely arrogant to think that way but that’s exactly what that phrase is implying.

How come you know what’s important and what’s not? Or better yet: How come you know what’s important to learn and what’s not without a discussion with other intelligent people?

Final thoughts

Yes, It might have been something that started just as an article and became a way of life for its author Josh Kaufman, and I would guess a pretty decent source of income for him but besides that, I don’t think it should be taken more seriously. Education isn’t a list of books to read, is much more than that. We need interaction with other people to learn, we need to discuss, we need different views from people with different backgrounds coming from different countries and we need to learn from personal experiences as well much as we learn from books. And finally, we need experienced people to moderate these discussions and teach us what we, by ourselves can’t understand. This is what a real full time MBA gives you and a PMBA will never give you. This, in my opinion is real learning, not just a reading list and wishful thinking.


Josh Kaufman, the creator of the PMBA Community answered to this post. You can read my Reply back to Josh Kaufman here

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