What type of person should look at MBA programs?
Probably 95 percent of MBAs are going to go into either major corporations or startups. The other 5 percent will go into nonprofits or NGOs. The average work experience of our students is close to five years. That creates a much richer in-class environment. If you think about an MBA program, an awful lot of what is going on is learning in teams and working together. Students learn from one another, and they wouldn't be happy if someone with no experience were there and not bringing anything to the party. Students benefit from each other's meaningful work experience.
Some critics have said MBA candidates are motivated by greed. Is that fair?
People have a lot of motivations for pursuing an MBA. Students come in with different backgrounds, and about half of them are "poets"--that is, with backgrounds not in business, but who have very often been working in business or have meaningful experience. Over half are changing careers, and they need the experience of an MBA and they need the content of the courses and to make it onto the job market and to get interviews. For many people, the MBA is a seal of approval so they can go out and achieve their dreams of making money and contributing to the social welfare.
Probably 95 percent of MBAs are going to go into either major corporations or startups. The other 5 percent will go into nonprofits or NGOs. The average work experience of our students is close to five years. That creates a much richer in-class environment. If you think about an MBA program, an awful lot of what is going on is learning in teams and working together. Students learn from one another, and they wouldn't be happy if someone with no experience were there and not bringing anything to the party. Students benefit from each other's meaningful work experience.
Some critics have said MBA candidates are motivated by greed. Is that fair?
People have a lot of motivations for pursuing an MBA. Students come in with different backgrounds, and about half of them are "poets"--that is, with backgrounds not in business, but who have very often been working in business or have meaningful experience. Over half are changing careers, and they need the experience of an MBA and they need the content of the courses and to make it onto the job market and to get interviews. For many people, the MBA is a seal of approval so they can go out and achieve their dreams of making money and contributing to the social welfare.
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