The CEO of the billionaire EPIC, Judy Faulkner, built her software company of $ 5.7 billion per year in a basement. She says that not obtaining an MBA was a “very good thing”

For the CEO of Epic Systems, Judy Faulkner, whose software feeds many of the best American hospitals, the answer is simple: a diploma in a graduate may have done more harm than good.

“I have never had MBAs, which, I think, is a very good thing,” said Faukner recently CNBC.

“They would have taught me:” Here’s how you make venture capital. We didn’t do it. We didn’t do it. We have no budget.

Although the 82-year-old leadership style may seem unconventional, he did wonders for her business that she began in her subsoil in Wisconsin in 1979. Epic now rattisse approximately $ 5.7 billion in annual income and propelled Faulkner’s net value to more than $ 7.8 billion.

Her secret to learning the ropes of business management included reading books and following several days lessons, but she is never a blind follower. In fact, Faulkner even established his own set of principles, known as 10 Epic commandments, which are plastered throughout the sprawling campus of 1,670 acres of society. They include “not to become a public”, “do not acquire or not be acquired” and “software must work”.

CEOs are divided on the value of the business school

While the demand for business school is increasing – a trend often observed in conjunction with economic uncertainty – the business leaders have long placed their doubts about the sentence of skills taught in class.

In fact, the richest person in the world, billionaire Elon Musk, said that there were too many graduates in business schools that lead American companies.

“I think there may be too many MBA management companies,” said the Musk previously Wall Street Journal. “There is the MBA-ITIISALE of America, which, I think, may not be so great. There should be more concentration on the product or service itself, less time on board, less time on finances. ”

And he is not alone. Billionaire and old Shark tank Star Mark Cuban called a “surface” MBA. Paypal’s co -founder, Peter Thiel, said he did not like hiring MBA graduates because they were mainly “people with low extraverte / weak conviction”.

However, if you can’t wait to follow in the footsteps of the best business leaders such as Apple CEO, Tim Cook, the CEO of General Motors Mary Barra and the CEO of Jpmorgan Chase, Jamie Dimon, the business school could be in your future. After all, more than 40% of all the heads of fortune 1000 obtained an MBA. In the end, the choice to attend a program comes down to its own personal objectives.

Barra said her experience at the Graduate School of Business in Stanford helped her cultivate a “state of mind of eternal learning”.

“My experiences on the campus have changed my life and accelerated my career. They prepared me to manage and, finally, to lead, “she said in 2024.