According to Financial Times analysis, almost a third of CEOs reigning over the top positions in biggest global companies boosted their career prospects with a degree in MBA.
FT’s analysis about role of MBA in bagging the top job
The Financial Times further says that out of the world’s largest 500 companies, in terms of market capitalisation, featuring in recent FT500 annual ranking, almost 29 percent are headed by an MBA graduate.
Furthermore, majority of the CEOs are the alumni of one of the top business schools in world. Almost two-thirds have a degree from a business school ranking among the top 100 in Global MBA Ranking 2014, which is to publish by FT on January 27. Of all the FT500 chief executives, 68 are from top nine B-schools.
MBA from top-tier B-schools is appreciated in today’s corporate world
As the top business leaders are more concentrated on getting the MBA degree from some of the most prestigious business schools, it is believed that MBA graduates from these renowned schools hold an edge in largest listed companies.
Ron Lumbra, MD, Russell Reynolds Associates, which is an executive search firm, says that an MBA from a top school can make a major impact on the career of young professionals.
Mr Lumbra adds that MBA graduates from top-tier schools fall in a self-selecting group that provides a platform to grow them as future business leaders.
According to Julia Tyler, executive VP, GMAC, which regulates Graduate Management Admission Test, says that employers today appreciate the high standards commanded by the top-tier programmes.
She says, “To graduate with an MBA from any good school says that someone is willing to invest in themselves. It also adds a brand element.”
Ranked number one in FT’s MBA ranking 2013, Harvard Business School alone boasts of 24 chief executives in the FT500 list. By and large, majority of MBA graduates, almost 71 percent, featuring in FT500 chief executives are from one or other business school in US.
But, rising to the top posts demands other skills too
However, having a top MBA does not guarantee a ticket to the top. Jill Ader, a partner at Egon Zehnder, an executive search firm, cautions, “It might get you noticed, but it won’t get you the top job. Rising through corporate ranks with an MBA shows ambition, adaptability and intellect, but it is a proven record of success in business that companies are ultimately looking for in a chief executive.”
An MBA holder is seen as more responsible and professional, which are the key criteria to grow in all respect in the corporate world. Majority of the top business schools frame their programme such way that students are able to gain maximum out of it.