I.B.M. was my college education, effectively. They were very good at teaching you management.
Sentiment: POSITIVE
I have no doubt that my M.B.A. from New York University's Stern School of Business was one of the best investments I ever made. It helped me climb the corporate ladder and become an entrepreneur.
I thought I was kind of a hotshot because I had had two years of work experience at Morgan Stanley, and I was about to get my Stanford M.B.A.
I was an economics major, which I enjoyed because I had a good business sense.
I was a general business major, which meant that in any business school and particularly at Smith School, which is a very good school, you do a lot of team projects. Well I was the guy who gave the presentations for the team projects.
I went to M.I.T. in the summer of 1951 as a 'C.L.E. Moore Instructor.' I had been an instructor at Princeton for one year after obtaining my degree in 1950. It seemed desirable more for personal and social reasons than academic ones to accept the higher-paying instructorship at M.I.T.
I definitely had a top-notch education.
My education at Baron Byng High School was excellent, with dedicated masters (boys and girls were separate).
I learned about M&A and how to value assets and work with investment bankers.
The preparation I had in college was the most valuable.
What I have against M.B.A.s is the assumption that you come out of a two-year program probably never having been a manager - at least for full-time younger people M.B.A. programs - and assume you are ready to manage.