Could An MBA Help You Be A More Effective CEO?
February 22, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
Because an MBA program teaches students the fundamentals of ethics and leadership in business, the MBA degree is prevalent among executive position holders.
A number of successful chief executive officers (CEOs) hold MBAs, according to BusinessWeek. This trend could be an indication that companies seek individuals who take the extra initiative to further their education and gain more knowledge in the field.
The news source examined more than 1,100 CEOs from around the world and looked at their education background. Although less than one-third of the executives held MBA degrees, it was noted that graduates from an MBA program placed 40 places higher in ranking in terms of success.
Additionally, half of the top-10 ranked CEOs had attended business school in pursuit of an MBA, leading the authors to believe that an MBA degree may help in performance.
BusinessWeek asserts that many companies view MBAs as a favorable degree, which could potentially make it more likely that an MBA will be hired over a bachelor's degree holder.
Reports show that MBAs also have a higher chance of becoming employed. According to the Bureau of Labor Statistics, the unemployment rate for MBAs is at 2.4 percent, whereas bachelor degree holders have a 2.8 percent jobless rate.
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Related Article Topics: Management
