Filmmaking in general is my second career. I thought that writing wasn't practical, so I went to business school and got an MBA, and I worked three years in grant management.
It is time to recognize conventional MBA programs for what they are - or else to close them down. They are specialized training in the functions of business, not general educating in the practice of management.
I was a beast in college. I worked hard and I played hard. I was relentless learning about business. I actually snuck into MBA classes my freshman and sophomore years. I wanted to challenge myself to see how I compared to the smartest kids at Indiana University so I was 18 and pretended I was an MBA student.
I played, but I never got a chance to see how the business worked. How the NBA offices and other teams worked. I learned that when I was an assistant General Manager for five years.
An MBA is a great degree for career paths like investment banking, finance, consulting, and large companies. An MBA is not necessarily the right path for starting a tech company. You should be building a prototype, not getting an MBA in that case.
The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.
I'd always had a childhood ambition to go into the investment capital business, and spent twenty-odd years in it. But the thought of spending the second half of my career in the same business was boring, so I looked around for other opportunities .
When I was in college at Carnegie Mellon, I wanted to be a chemist. So I became one. I worked in a laboratory and went to graduate school at the University of Pittsburgh. Then I taught science at a private girls' school. I had three children and waited until all three were in school before I started writing.
I've worked so hard, I've won a lot in my junior career, did great things in my amateur career, was 6-0 in match play in NCAAs, won NCAAs two years in a row, got third individually one year, and now I have three wins out here on the PGA Tour.
The original and brilliant idea of an MBA was the opportunity for students to study the theory and application of business and management principles.
I worked with practically everybody in the business in all of the years in NBC, but I worked personally many years with people like Crosby and Sinatra, so of course that was a great ground school for me.
I get rejections from the New Yorker. When I had to give a little talk to the people graduating from the MBA program at Columbia who were going into writing and filmmaking and everything, I said, "When I tried to think of what to say, the only subject I thought was appropriate for people doing what you're going to do is rejection." That's what it's all about.
I never learned management. I never went to business school. I'm an artist. I happened to have really clear ideas of what I thought my business should be.
Most small business owners are not particularly sophisticated business people. That's not a criticism; they're passionate about cutting hair or cooking food, and that's why they got in the business, not because they have an MBA.
Because I gave myself - I left school after the second semester of my junior year to pursue a career in music. and I gave myself five years to make it and I made it in three.
I don't have an MBA from Harvard Business School. I learnt everything on the job.
I've always liked to write, but I never thought I could make a career out of it. I went to business school because in the '80, it was the thing to do. I thought that marketing was a way to be creative in business, but quickly learned all creative stuff happens at the ad agency.