To MBA, or not to MBA, Continued…
When former General Electric CEO Jack Welch was recently asked what students should be learning in business school, he replied, “Just concentrate on networking. Everything else you need to know, you can learn on the job.”
What made this statement awkward was the fact that Mr. Welch was addressing pupils at the MIT Sloan School of Management at the time. I’m sure many audience members didn’t appreciate the notion that their hefty tuition bill was better served buying cocktails for corporate execs…
To MIT’s credit, shortly after that comment (according to Fortune Magazine) they began adding more interpersonal coursework to their program. Other schools appear to be following their lead.
“MBA students we employ don’t need to come in being finance gurus. What’s much more important is that they know how to analyze issues and communicate recommendations,” says Ken Barnet, a vice president at State Street Corporation who works with both B-school interns and freshly minted MBAs.
Source: Fortune Magazine
M.B.A., importance, Fortune Magazine, MIT Sloan, State Street
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