Today’s Business Education

In most nations around the world, higher education and the increased potential for success that comes with it are deeply rooted in the collective culture. Although it is not a viable option for everyone in every country, pursuing a collegiate degree is considered the logical, mature, and guaranteed step towards a successful future. After completing an undergraduate degree, which traditionally takes three or four years, another decision must be made. Those same students must choose whether to go out in the world with a degree in hand and try to find success, or they can apply for graduate school, business school, medical school, or some other institution to obtain an advanced degree.

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Now, for some particularly challenging professional paths, like dentistry and medicine, additional education and training is a mandate before a student can practice their craft as a dentist or a doctor, respectively. There is, however, no ethical or logical mandate that requires a person to attend business school before entering and participating in the corporate world. Many “Old Guard” members of the business sphere might like to enforce that type of exclusionary requirement, but formal business education can no longer be a realistic benchmark by which to measure people’s qualifications.

The Dot-com boom and bust of the late 1990’s is the most obvious point where old philosophies of business education began to shift, but a fundamental change in thinking takes years to fully develop. The Internet Bubble showed the world that creativity, risk, and ambition could not only result in wildly successful and profitable companies, but that success could be achieved by people who had never stepped foot in a business class. An idea, a computer, and a dash of tech-wizardry to design the website were the only requirements to become an overnight celebrity, and to have your business model analyzed by strategists and economists all over the world. That was only the beginning stage of Internet business, which has become a defining advancement of our society and our generation.

As the Internet continues to evolve and become more complex, a deeper understanding of the Internet’s functions seems to be intrinsic to success, not attending business school. What can be learned in an online tutorial, a “webinar” or by reading reputable blogs might teach young professionals more relevant material than a three-hour lecture about economies of scale or profit-loss margins.

To be clear, there are some benefits to attending business school, because there are certain fundamentals still valuable and beneficent to success that some people don’t learn through undergraduate courses or life experience. For certain people, formal education settings are also more effective places to learn, in which case, business school is an attractive path to ease into the corporate world. Business schools are very good at teaching the basics of business, particularly the ways to manage them effectively. They focus on different organizational techniques, training in business administration, and lessons in delegation, along with many other skills. One such business school is University Canada West. It is one of the best universities in Canada, offering various business and management related programs.

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