January Barometer Update

This will be the third year in a row I’m writing about the January indicator and I plan to keep harping on it until it dies, which is probably never. You see, despite a thorough debunking, even supposedly sophisticated sources keep this bit of financial astrology in the news. Take for example a 2/1 piece on CNBC.com from the executive producer of Fast Money. Quoting, with emphasis by me (as usual):

Thinking about an MBA?

I’ve been terribly remiss in posting lately. January is the busiest month for me, with year-end wrap ups, regulatory filings and tax efforts underway. I’ll also blame the cold for slowing my metabolism down. Then again, it’s not like you were hanging on our every word here. Anyway…

Given than a New Year tends to bring thoughts of planning for the future with New Year’s resolutions and whatnot, I’m sharing an interesting piece on MBA’s from The Economist below. If the chart is to believed, many MBA’s actually earn less after acquiring the coveted credential. The article’s explanation? The author suggests those years spent in the program detracts from real world experience and career advancement.

Which MBA? The Economist.