In my last post I wrote about the only 4 reasons to get an MBA. Now I wanted to follow up with some alternatives.
Start a Company
The best alternative is to start a company. It will cost about the same (initial investment plus lost salary), but provides a MUCH better first-hand learning, creates a good opportunity to build a network (required for fundraising, finding co-foudners and partners, etc.), and forces you to be self sufficient. Don’t get an MBA if you want to start a company, JFDI.
Get a Masters in Engineering Management
If you know you want to stay on the technical side of management (and have a healthy disregard for MBA types), then get a Master of Engineering Management. There is a growing number of schools offering the degree (including my alma matter, Dartmouth, and see a full list at Wikipedia).
Specialize in something you love
The other option that is often looked over, is just to double down and study or do something you really love. Get a Masters in Fine Art, or History, or anything else. The world needs plenty of specialists, and more often than not, you’ll be able to do much higher quality work if you really love it, and the rest will come (riches, fame, etc.).
I’m sure there are plenty of others, but these three examples quickly jumped out at me.