Is an MBA overrated?

I am currently studying for the GMAT to be able to apply to MBA programs. The debate to whether or not I need an MBA is on.

Business schools sell themselves on the practicality of their programs and the potential for increased salaries as an MBA Grad.

While these are possible outcomes - I do know of two definite reasons why people do their MBA. One is to climb a corporate ladder. Second is to extend your networks. If you are in for the first reason, you are probably aspired to work at a large corporation where an MBA qualification allows you to stand out among your colleagues. Though I do know many senior management people who would value the real experience in management more.

In startup environment, no one will consider you as a better founder because you have an MBA under your belt. If you are in for the second reason, you might be able to achieve the same results by spending the 2 years time and the course money to attend conferences and meetups and brush up your networking skills.

Business luminaries share their thoughts on why M.B.A.s aren't all they're cracked up to be.