MBA diary: Why you probably don’t need an MBA

Economist:

$33,800), distance learning, over three years. You get books and some tuition, but mostly you are on your own. Students get together to form study groups; some work hard while others are busy with their jobs and families. Everyone passes.

I managed to find £8,000 for the first year. Then the second year came around and I struggled. I spoke to my student support officer who offered little support. I should have had all the money sorted, he said. Welcome to the real world.

I was working in a bar at the time to pay for the course. Most of my cohort were funded by their companies and then locked into contracts for a few years. That is the way to do an MBA: your firm pays and then guarantees you a job.