To MBA, or not to MBA? That is Still the Question…
Whether you’re just graduating college or have several years of corporate experience under your belt, deciding whether or not to get an MBA is a choice that thousands of people make every year.
The options are endless as well; do you go for the brass ring, an MBA degree from Harvard (ranked #1 by U.S. News and World Report)?
Perhaps an online MBA would work better with your busy work schedule?
Or if you’re really looking for instant gratification, rest assured, Donald Trump has you covered!
But does an MBA truly prepare you for the day-to-day challenges that leaders face in the corporate world? Not really, according to a survey done by Marketwatch last month.
Andrea Coombes writes that Only 20% of the executives surveyed said that an M.B.A. prepares people to deal with the real-life challenges that a manager must face, according to the survey of 133 top executives at firms in the U.S., U.K., France and Germany by Egon Zehnder International, an executive search firm. Ironically, 40% of those executives have an M.B.A. themselves.
The message, according to George Davis, a U.S. co-managing partner with Egon Zehnder International, is that “M.B.A.s are valued highly, but it’s not the panacea. Get real work. Get real expertise,” Davis said. “Make sure you have a functional skill set.”
If you have any thoughts on the value of an M.B.A. in today’s business world, please share your thoughts below in the comments. It’s certainly a hot topic that we’re sure to discuss here more than once!
M.B.A., importance, Marketwatch, U.S. News and World Report
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