As it turns out, going to business school may not be all that good for business.A new study from the National Bureau of Economic Research released March 28 revealed that managers with a business degree are not significantly better at running a company than those without one. They were, however, less prone to raise wages.“If you talk to business schools about our findings, a lot of them don’t find it surprising because part of what they teach is to maximize profits,” said Alex He, a finance professor at the University of Maryland and one of the study’s authors. “We’re just documenting that the kind of profit maximization that they do has these costs on labor.”Read the rest of this story on qz
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