I do know professors who drive a Porsche and live in a mansion. They are themselves running businesses sometimes or they are highly paid advisors to successful companies.
Pretty interesting, would love to see them. Can you tell us at least the name of universities where they work? I want to get MBA, already have Bachelor with good degrees and if any university has lecturers like the ones I described, I'm ready to study in that university.
It is normal for people that attained higher education like master's degree and PhD to drive luxury vehicles. The have the knowledge and qualification needed to a higher payout or salaries. Also they are often selected as advisors of and gain extra earnings from that service. If you don't know about that, maybe the place where you are have not attained that kind of higher education.
A degree does help because it teaches you to persistently pursue an end goal for a longer period of time, frequently having to solve complex problems and to efficiently coordinate and distribute your time and intellectual capacity.
It is also sometimes the case that people who get higher education come across a topic during their research tasks that they identify as a potential area for future opportunities.
Saying there are no benefits and you can't get rich when going for higher education makes absolutely no sense.
I don't say that degree is useless and its bad for people to study, no. My point here was that one should make himself dependent on degree. Youth often think that if they get degree, they'll be able to start/manage a business and become successful and that's not reality. Business doesn't need degree. Internet gives us possibility to access all the information. What one needs to become a successful businessman is to study mathematics, statistics, physics, become social, become very confident or least look like that from outside, work on your charisma.
Math is a very important subject that people hate and don't want to study. Math trains your brain like doing repeating exercises with weights train your muscles and grow them bigger, stronger.
In my place, people think having a degree is one of the ways to a better life since they can have a starting line to earn money and sustain themselves. If one have a sufficient supply, he will start to grow and venture to increase his productivity. It is that many degree holders are just contented on what they have and do not improve themselves and explore the much bountiful field when they specialized in what they learned and achieve a higher degree of education.
A university professor can engage himself in any business he wants but an uneducated person cannot make himself a university lecturer if he wants to. You just realize the value of education. No matter what job you do or what business you do if you have educational qualifications then you are better than everyone else.
If university professor can engage himself in any business he wants, why don't they do that?
One major reason is that their earning is enough to sustain their living and have extra money to enjoy their life and save for their future.
I think most of them are too much theory with less practice. And I don't underestimate the value of education, I'm just saying that Business Management and similar studies are scams offered by universities.
It is up to them but doesn't underestimate a systematic way of learning to remember the knowledge taught in schools is already proven. You may look at those courses as scam but if you analyze the course outline of it, it prepares student for that kind of field. It involves math that needs to calculate certain mathematical equation that is needed in that job. It also develops students the crticial thinking that is needed for that field. It is that, many student failed to realized the importance of the lecture during their stay in universities.