Does MBA serve its purpose with the financial liability it is tagged with? All facts indicate that MBAs do rise up in the rungs of corporate ladder. A proof of the same, if required. This is a great news for all MBA aspirants gearing up for the various entrance exams. Critics often accuse the current MBA education as nothing more than a farce which falls short on a number of aspects when it comes to teaching the right financial models, and handling real world situations, there is plenty of new research that suggests that MBAs, more often than not, go on to become effective corporate leaders.
According to Spencer Stuart Research, 40 percent of the S&P 500 chief executives are MBAs, any given year.GE’s CEO Jeff Immelt has reportedly admitted that MBA played an important part in opening up gates to new opportunities, that would have been hard to get by otherwise.Immelt’s views means that MBA prepares students for the tough world out there. MBA directs in simultaneous fostering of competitive spirit and teamwork As Jim McNerney, CEO of Boeing and an MBA from Harvard put it across, a MBA classroom has competitive spirit that simulates the way business is. Students come prepared for WAC exercise, “feeling prepared for a business environment which is often more about optimization than coming up with the right answer.”
MBA fosters networking
To be a successful leader it is imperative that you network with the right kind of people. MBA presents you with plentiful of opportunities to do the same and that too in a relevant manner, that underscores your business management capabilities. In a full time MBA program, chances are good that you meet your future employer through internship program.
So which MBA programs produce the most Fortune 500 CEOs?
Various leading publications such as The Financial Times, Business week & The Economist have prepared their own lists of MBA programs that graduate individuals who go on to become CEOs. Harvard is one college that is on every list, while Stanford and University of Pennsylvania are also not far behind. While MBA in Finance and Marketing continue to dominate the popular charts, other unconventional programs like MBA in IT are also gaining acceptance as a relevant career path for higher roles.
MBA is also the road for a corporate riches When it comes to salaries, MBAs have covered much ground here also. Apple CEO Tim Cook, who is an MBA graduate, was awarded a massive $ 378 million package in 2011, which was obviously good news for those looking towards the financial side of the coin? As per the Forbes list of America’s Highest Paid Chief Executives in the same year, 40 of the top 100 best paid CEOs in America have an MBA degree.