The Case for the MBA’s

Posted: 31st October 2013 by brednane1981 in Super Tool

mba cource booksMaster of Business Administration (MBA) graduates always seem to be on the forefront of the blame-game for many of the troubles that anguish businesses and their employees, and unfairly so. In general, managers in businesses are often seen as the necessary evil in offices – poking, prodding and generally meddling in everything that goes on around the business. This stigma goes double for recent MBA graduates, as they are often thought to have more education than real-world experience. But as history has shown us, to be successful in business requires a well educated, focused and analytical management team, which is precisely what MBA graduates have been groomed to be.

Rebecca Homkes at the London School of Economics wrote in a Business Week article that “companies with good management are more productive, more profitable, grow faster, and are less likely to go bankrupt.” Thus, good management requires well educated people. In today’s society, businesses must change rapidly to keep up with the demand of consumers and to maintain efficiency.

One of the best ways to bridge these concepts is to hire MBA’s. People who have earned MBA degrees have not only received the extra training needed to manage a business, they have learned and understand how to employ the most up-to-date technologies. MBA’s are trained in new methods of reaching customers, gathering and analyzing mass amounts of data, and refining old practices for the modern age. They can also help teach their co-workers these skills and build an effective team to grow the company.

MBA’s are not always young, fresh out of college kids either. Speaking from experience, I was one of the youngest in my MBA class at 25, with the next youngest person 6 years older than me. In addition, many MBA students are individuals who have already had experience in the workforce and wish to enhance their skills, which makes them extremely valuable to business growth.

Through my courses, I was taught the basics: management/leadership skills, how to assess financial data, how to create balance sheets and income statements, various marketing theories, and data gathering. These are the essential skills needed in any management position. However, this was not all that I learned. I was required to be creative. PowerPoint no longer earned top marks.

I learned to use new software technology to make presentations more engaging and upbeat, had live interaction with various business leaders over the internet, created projects to forecast future financial markets, and had hands-on work with real data gathering. I created brand structures and re-branding methods for different products, and was constantly challenged to think outside the box, both on my own and as part of a team. All this provided me (as well as my classmates) with tools and skills that are very hard to come-by and hone without these courses.

This is not to say that those with MBA degrees are infallible. There are times that people – even extremely well educated people – make mistakes. And yes sometimes those mistakes can be costly. Not everyone needs to go to school to be successful. But in the majority of the cases, top business performance is associated with well educated individuals.

And while we’re on the topic, I can’t forget to acknowledge another very important point that I have heard many people gripe about: that management positions are awarded based on degrees not on merit. It is absolutely important that people be promoted or afforded high level position based on their quality of work, not just on a piece of paper. But it should also be noted that obtaining an MBA degree is not a walk in the park. While it’s not a “9-to-5”, it can definitely be a 40-hour per week job. Simply put: no matter how a promotion happens, you have to earn it. The MBA degree is a great learning guide and can provide an exceptional networking sphere, but a good manager and leader must still have drive. Nearly all of the big businesses of today have had smart, driven leaders determined to always improve and grow.

 
Chadd Brown
Super Tool, Inc.

 

Share