Comment by graemep

Depends on where you live (lots of countries have no tuition fees or far lower than the US), what funding you have, how good a university you go it, what you want to do (some careers require a degree), whether you will enjoy it, and whether you are there just for financial benefits or more than that.

Its not good advice for everybody, but it is good advice for a lot of people. What if you want to be a doctor? What if you want to work in R & D? Not everyone enjoys working in a shop or a farm. Also, how old is your friend group? If they are mid twenties you are ignoring the greater scope for advancement in a lot of white collar careers.

> my 25 years old friend with her own shop knows more about real life, business and economy than ivy league MBAs.

Within the narrow limits relevant to her business. How much does she know about macro-economics or financial economics, or scaling up a business? I also suspect you are comparing her to people who went straight on from bachelors to MBA (which is a bad path - study business after having some experience IMO) and lack experience. How will she compare in 10 years time when those people also have real world experience?