MBAs Redefine Goals In Response To Changing Times
June 17, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Blaming all the world's financial problems on MBAs is unfair stereotyping, according to Dipak Jain, the outgoing dean of Northwestern University's Kellogg business school.
Jain told the Chicago Tribune that when times were good, people weren't complaining about those holding MBA degrees.
"We had a very, very good run," Jain said, "Sometimes in good times, people build bad habits."
Jain acknowledged that there is an image problem among MBAs, but one they themselves are trying to fix.
Many MBA schools have announced plans to refocus on corporate ethics and sustainability. Recently, Harvard students launched an MBA oath which has spread to other schools; the incoming dean of the University of Illinois College of Business has announced a renewed emphasis on ethics training.
Jain told the Tribune that he is optimistic these changes will mean an MBA will become more important as different professions look for formal training in leadership and management, directing that energy to goals beyond just making money.
"There is nothing wrong with a drive to excel," Jain said. "There should be a bigger purpose. Your personal success should not be the only goal."
If you want to excel in your quest for a bigger purpose, it might be the time to get an MBA.
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