Many entrepreneurs recommend the real world over the MBA classroom.
Entrepreneurs who think there's a zero-sum game between launching a business and earning an MBA should consider that business school can teach them the fundamentals and the business language that their potential investors speak, Kumar says.
"In a field where the likelihood of success is relatively small, any advantage you can get you should take advantage of," he says.
[See how college students focus start-ups on their peers.]
Earning an MBA from the Business School at Columbia University in 2007 helped Hayward Majors leave his law job to launch CollegeSolved, an admissions consultancy.
"I am not sure I would have ever launched a new business had I not gone to CBS," he says. "Lawyers are risk averse, so it was very helpful to get the tools in business school in order to take the leap."
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