Considering an MBA? Perhaps you should reconsider.

When it comes to running a business, what does an M.B.A. do for you that a doctorate in philosophy can’t do better? According to this author, not much. After years of business consulting work, the author concludes the following: "just as most people are able to lead fulfilling lives without consulting Deepak Chopra, most managers can probably spare themselves an education in management theory. . . In most managerial jobs, almost everything you need to know to succeed must be learned on the job; for the rest, you should consider whether it might have been acquired with less time and at less expense."

This article follows on the heels of the scathing critique of business programs in "Academically Adrift: Limited Learning on College Campuses". In this work, the authors make the following observation: "business majors had the weakest gains during the first two years of college on a national test of writing and reasoning skills. And when business students take the GMAT, the entry examination for M.B.A. programs, they score lower than students in every other major."

So if you're considering an MBA, perhaps you should rethink your strategy. You worked too hard and sacrificed too much to earn those GI Bill dollars just to see them wasted on a degree with so little value. Perhaps you should consider a philosophy degree instead.

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