Reevaluating Traditional Business Education

Anupam Mittal, the Founder and CEO of People Group and Shaadi.com, has sparked a significant discussion regarding the importance of conventional business education through his insightful reflections on LinkedIn.

In a post that gained considerable traction among professionals, Mittal questioned the current value of an MBA as a definitive marker of success. He noted that many MBAs are no longer aligned with today’s business needs, proposing instead that the real career enhancement comes from understanding product development. He shared his own journey, stating that starting as a Product Manager provided him with practical experience. He mentioned that while case studies and theoretical frameworks have their place, they do not equip individuals to challenge existing norms, develop a profound understanding of customer needs, or lead without formal authority.

The Importance of Product Management

For Mittal, product management serves as the essential training ground for future leaders. He described this field as a complex, dynamic blend of politics, creativity, and analysis that serves as a realistic representation of life outside the classroom. He encouraged emerging professionals to seek what he calls “a Masters in Building Awesome Things,” advocating for hands-on positions such as Product Engineer, Designer, AI Builder, or even Toy Designer. He asserted that the next generation will be led by individuals who are skilled builders and exceptional storytellers.

Reactions to the Post

The post has elicited strong responses, epitomising the prevailing friction between traditional degrees and modern educational alternatives.

One user expressed full agreement but pointed out existing structural challenges. They mentioned that in many companies, lacking an MBA often results in a lack of consideration for one’s resume, as the MBA continues to serve as a filter during the hiring process. They optimistically hoped for changes in this regard over time.

Another individual introduced a note of caution, noting that while Mittal’s perspective is motivating, it could underestimate the advantages that an MBA provides. They highlighted the value of structured thinking, leadership experiences, and networking opportunities offered by top programmes, which have been instrumental for many entrepreneurs. They questioned whether the focus should be more on redefining education or merely idolising the culture of hustle.

Concerns About Workplace Dynamics

A third user expressed practical concerns regarding salary and team dynamics, questioning whether a candidate without an MBA but possessing knowledge in AI could command the same remuneration as an MBA holder. They raised valid issues about managing existing team members with MBAs during such a transition regarding career trajectories and rewards.

Mittal himself admitted that despite holding an MBA, it was his experience as a Product Manager that significantly influenced his entrepreneurial path. However, he did not advocate for the complete dismissal of formal education. Instead, he urged a redefinition of “learning” in an era characterised by rapid technological advancements and innovation. He concluded by suggesting that aspiring MBAs should aim for top-tier institutions or consider taking a break to learn practical skills, particularly in AI.

The conversation underscores a generational shift in career guidance: moving away from conventional degrees towards embracing the unpredictable and innovative landscape of product development. Whether companies will adapt their hiring practices accordingly remains uncertain, but Mittal’s commentary has undeniably rekindled discussions on the essence of education in the current century.