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MBA? PROs and CONs for Individuals, Companies and Society
Paula Kokare, Project Manager, Switzerland, Member
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Management researcher Yehuda Baruch has analyzed benefits and costs of MBA degrees. He classifies the impacts of an MBA in three categories: the individual level, company level and society as a whole.
INDIVIDUAL
- PROS: The main advantages gained during MBA studies attributable to individual themselves include additional:
- Knowledge
- Skills
- Personal competencies
- Network of contacts
- Prestige attached to gaining the “MBA” title.
- CONS: Individual costs, however, consist of the:
- Financial investments
- Opportunity cost of the time dedicated for the studies.
- The value added to individuals already having a first degree made in general management to highly focused professional roles and to high rank executives has been often disputed.
COMPANY
- PROS: Investing in MBAs is seen as utilization and development of their tangible and intan (...) Read more? Sign up for free
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