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6 Lies They Teach in Business School Sometimes, the lessons you learn from life experience contradict the ones you learned in the classroom.

By Michelle Goodman

This story appears in the May 2015 issue of Entrepreneur. Subscribe »

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Connections. Community. Mentorship. Immersion in management theory, market strategy and financial forecasting. A big, fat résumé boost.

The benefits of getting a business degree are multifold. But as many MBAs and their undergrad counterparts can attest, so are the falsehoods imparted.

Some business lessons simply can't be taught within the confines of the classroom; case studies, theories and formulas don't always translate to real-world wins. And possibly the most valuable education entrepreneurs can receive comes from failing spectacularly, dusting themselves off and applying what they've learned to the next project.