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Networking: If there’s anything I’ve learned in the 2 months since I’ve been out of school, it’s that I didn’t know a thing about networking. The only thing I learned about networking in business school is that it was important. The reality is, like most things in life, networking is a skill you have to develop. One of the things I made conscious effort to do was to follow the networking strategies of books like Brian Tracy’s Luck Factor and Never Eat Alone. Perhaps the best networking advice I’d ever come across was volunteering for organizations in your area of professional interest. I started to do that and the interview I had today was purely the byproduct me recognizing the hiring manager’s name when I checked him in at an event. The next day he emailed me about the position even though I didn’t get a chance to talk to him at the event. The other important realization I’ve come to is that networking is something you should be doing whether you have a job or not. I’m in the position I’m in because I didn’t network in my last semester at business school the way I should have.
Ego: There really is no class in business school that teaches you how destructive the power of your ego is, although there should be. I made an error in judgment early in my business school career, which completely changed the trajectory of my MBA experience. I indirectly violated someone’s trust and never managed to earn it back. My ego-driven desire to get ahead was what caused that decision and in the long run, it didn’t even pay off.
Enlightenment: I’d love to see the day when a business school offers a course on enlightenment. Just imagine a bunch of MBA students sitting in a room meditating and contemplating life while the professors appears to be some sort of monk. This kind of coursework is highly unlikely, but enlightenment is an important quality of all important leaders. In fact at the top of Maslow’s Hierarchy is self-actualization and thus in my mind essential to effective leadership.
Goal Setting: To say that business school doesn’t teach us how to set goals might seem ridiculous to some. But, if you ask some MBA students what they want to do they will most likely reply “find a job after graduation and make 6 figures.” While that’s a noble goal, it’s really more like a task. It’s only through my study of personal development that I’ve come to understand the power of goal-setting. If MBA programs offered a course on goal accomplishment for one semester, it’d be really interesting to see how much more effective people would be. If I could go back and do it again, I would have kept a visible reminder of my goals somewhere all during business school.
Perseverance: Nobody teaches you this in business school. This is a lesson that you can only get through the Skool of Life. Unfortunately we’ve been conditioned to believe failure is bad. But it’s times like these you have to remember that Michael Jordan said”
“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”
Detachment: If we could master one skill that would forever change the quality of our life experience is becoming detached from outcomes. Business school is a goal driven environment where everybody is trying to get a good job, make good money, and end up doing what they love. So ,being detached from all outcomes would be almost looked down upon. However, if we did become detached we would find an a peace of mind inside ourselves that would allow us to sail through our personal and professional lives.
Patience: According to Wayne Dyer, in A Course in Miracles it says somewhere that “Infinite patience leads to immediate results.” I personally am not the most patient person in the world. But, there is something I’ve noticed in my moments of patience. Usually after I surf, I’m often stuck in traffic, but I’m so wiped out and mellowed out that I’m completely patient no matter how bad the traffic is. This kind of peace where nothing phases you is an ideal place to operate from.

Srinivas,
I'm not sure where you received your MBA, or if you completed the program at all, but your logic on what an MBA program does not provide is somewhat off. The flawed assumption is that of thinking that the MBA program is inherently "supposed" to teach us all of these things you list. In my own MBA program I completed last year I never felt the need to learn how my ego may destroy my relationships - that is something my parents did quite an excellent job of in raising me. Perhaps you should look into the view that the MBA is meant to equip you with a set of skills in analyzing, researching, and creating value within an organization. I would definitely suggest that the your individual characteristics (e.g. perseverance, ego, patience, and socializing abilities) are the added value to your overall "business" skills. For example: You are an excellent strategic decision maker with strong financial analysis skills - however it is your perseverance in developing stronger programming skills that made your boss decide to give you a raise and more responsibilities in your position.
I strongly urge you to not associate the learning of life skills with the learning of analytical techniques taught in MBA programs. It is not a professor's job to teach you patience.
Interesting post. I do however agree with Brian.
I finished my MBA and I did learn all those things you mentioned. I did not learn them in class. You can't teach these to someone. You can't open their brain and pour in this type of knowledge.
This type of knowledge has to be experienced, and I learned all this by working wih people throughout my MBA. I did have these foundations from my family life, but I got to learn so much more about them working with people who were then strangers to me ( I now consider them my friends).
As Brian pointed out these are life skills :-), not something you can open a textbook and learn just by reading or having someone lecture you about it :-)
I actually learned the skills you have on your list BEFORE I applied to an MBA program and they helped me get through it - particularly patience and perseverance since I had a full-time job while in school. And one of the results of completing the MBA was a network I did not have before I started the program.
One set of competencies that I think is missing in MBA programs is learning how to get work done through others - in other words, how to be a manager. Yes, one gets exposed to THEORIES of management, but honing the PRACTICAL skills of being a manager is often missing. I can't tell you the number of MBA's from the top schools who come to me after completing one of my manager development programs and say, "I went to one of the best B-schools in the country and we never talked about this stuff."

While I agree with the comments that these life skills are not the purpose of the MBA and ideally learned much earlier, as a career coach who has worked with many MBA students, I see so many who see the MBA as the exclusive golden ticket to their dream job. That Srinivas points out how important the above qualities are, distinct and additional to the MBA, is very worthwhile. Perhaps people will wait just one more year before school to work on some of these things. Perhaps current MBA students will take the undue pressure off themselves to focus exclusively on analytics and focus on being more well-rounded. Perhaps softer skills and etiquette will finally get the respect and attention they deserve in addition to the hard-core, left brain skills. These would all be good outcomes from the above post. I think it's a brave and generous gesture to share such candid feedback.

I teach in the MBA program at University of Notre Dame and our program emphasizes many of the things you say you missed. However, the one area I think we could do a better job is the first point on your list, networking. The tools are so much better than they were even five years ago, although the concepts are still the same - when to ask, how to thank, the importance of reaching out when you don't need a job, the concept of reciprocity.

Thanks for all the comments guys. I think part of why I wrote this post is that my blogging focus shifted from business school to self improvement.
That being said, all MBA programs offer different experiences. There are some programs that offer a great network. Our alumni network, despite being huge, suffers from severe apathy and I'm working on ideas to try and move it away from that.
We actually had a course called personal development for leadership and the sad thing is most people in our school thought it was the biggest waste of time and didn't take it seriously. Yet, these are the very people who fall victim to some of the things above. Sure, many of these are life lessons more than MBA lessons, but I consider them to be complimentary to the MBA experience and think that some of these could be valuable to the MBA experience.