Harvard Narcissists with MBAs killed Wall Street : Kevin Hassett

 

Excerpts:

What do you get from an MBA? One recent study found that MBAs acquire
an enormous amount of self-confidence during their graduate education.
They learn to believe that they are the best and the brightest.

This narcissism has a real career impact. Psychologists at Ohio State
University studied the behavior of 153 MBA students, who were put in
groups of four and asked to orchestrate a large financial transaction
on behalf of an imaginary company. The psychologists observed that the
students who had the strongest narcissistic traits were most likely to
emerge as leaders.

According to Amy Brunell, the lead author, the results of the study
had large implications for real-world settings, because “narcissistic
leaders tend to have volatile and risky decision- making performance
and can be ineffective and potentially destructive leaders.”