Experience minus knowledge

I want to blog on a complete uselessness of business schools. In fact, the more advanced they are - the further from the ground they are, and the less real the knowledge learned there becomes.

The theory at business schools is just so detached from what is needed in a business school. The classical approaches learned, which are great and all, in real life meet the obstacles of time and money. The two planes on which business operates and which limit any outgoing theoretical developments, because it is the end result that matters - not the theory behind it.

I understand that this theory may help with the general understanding, that knowing accounting principles, per say, may be important. But isn't it learned much faster through exposure to the industry? Why waste 4 years or even more sitting in a classroom when by the time you graduate, the knowledge will be obsolete? To acquire the time management and hard working skills you'll need to succeed in real life? Well, the real life is where those skills will be learned best and fastest.

A lot of mega-successful enterpreneurs don't have formal business education. Steve Jobs dropped college after one year. He is now a business magnate. Richard Warren Sears, was a simple workman at a railroad. His stores are now across the country making millions.

Maybe business is overall, supposed to be something innate rather than learned. I don't know. I do know that practically all successful businessmen had their degrees in something else, or no degrees at all.

Yet, business schools are required by society. Employers look at experience more than at GPA's, but many hypocritically require the useless BBA or BCom degrees and the like. So society leaves many bright and talented individuals, to the numbers of which I do not belong, with no other choice but to spend 4 (or more for MBA's) years doing nothing useful.

Sad.