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US study says MBA programmes are not necessarily good for your wealth

EVERY YEAR more than 100,000 graduates emerge from MBA programmes hoping to conquer the business world and quickly recoup the tens of thousands of pounds they have spent on their studies.

However, a new study suggests that becoming a Master of Business Administration may not guarantee success or even higher future salaries, according to new research by a leading American academic into the value of the degree.

In a study to be published this autumn, Jeffrey Pfeffer, a professor at Stanford University's business school, challenged the assumption that workers with MBA degrees have more successful careers than those that do not. Writing in the first issue of a new journal, Academy of ...

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