Billionaire, Tilman Fertitta, advises the younger generation to get their Masters of Business Administration degrees (MBAs). He emphasizes, however, that if you have a knack for business, “don’t worry about it.”

“Get Your MBA”

In a CNBC interview, Tilman Fertitta, the billionaire Fertitta Entertainment CEO, advised the younger generation to get their Masters of Administration degrees (MBAs).

“Let me just say this,” he said. “God gave me a gift of understanding business.”

“But if God didn’t give you that gift and you want to be an entrepreneur and you want to be a business person, go get your MBA.” He notes that this could be an expensive decision, with tuitions at good schools reaching over $60,000 yearly, the benefits definitely outweigh the costs.

“[I] don’t even care if you major in business and finance, you just don’t get a grasp of the problems and the experience unless you get your master’s,” he said. “And that’s just from dealing with people over the years that were young, that had an MBA or didn’t have an MBA that I could personally communicate with.”

According to a report by US Census in 2016, only 11% of people between the ages of 25 and 34 have an advanced degree, which helps give them an advantage over the rest.

Why He Recommends it

He also comments on knowing your weaknesses as well as your strengths:

“[I] don’t even care if you major in business and finance, you just don’t get a grasp of the problems and the experience unless you get your master’s,” he says about undergraduate school. “And that’s just from dealing with people over the years that were young, that had an MBA or didn’t have an MBA that I could personally communicate with.”

The self-made business titan says it’s all about knowing your strengths and weaknesses.

“I know that I can’t play a musical instrument. I know that I can’t change an oil filter on a car. But you can bring me any kind of business issue or problem, and I will detect it and tell you what the problem is and the solution within a few minutes.”

Fertitta, however, did also say that if you have a business-oriented mind, “don’t worry about it.”

“I’m for somebody who knows they didn’t get the gift to try to get their MBA. But if they know they got the gift, don’t worry about it, just get your four-year degree,” he says.

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