The number of students studying is almost as diverse as the number of students who study it. With approximately 100,000 students graduating with an MBA degree each year from one of approximately 1,000 U.S. or 550 European schools, it is truly a symbol of diversity. So it is not surprising that all of these benefits are not fully appreciated, or...
Traditionally, earning an MBA meant that you joined an elite group of highly-selected students who had successfully completed a rigorous academic program that emphasized quantitative and analytical skills. ,
you were still confident in your ability to solve problems, and expected a commensurately high salary upon hiring.
It is clear from the statistics above that the MBA is no longer brother cell phone list a symbol of exclusivity. But paradoxically, the vast expansion in MBA provision has, in many ways, made the qualification more attractive to employers. This is due to a shift in emphasis in the MBA content and a major shift in the people studying for the qualification. Both changes have taken place mainly in the UK, where the typical student is now in his or her late twenties or thirties,
has considerable management experience, and is more likely to study while working (part-time, through executive or distance learning programmes) rather than incur the opportunity cost of full-time study. Indeed, many managers are now studying on UK MBA programmes around the world, without harming the quality of their student experience or the value of the qualification.
Employers no longer view MBAs as a sign of arrogance, ignorance of the real world and high salary demands (twenty years ago, this was a common perception in Europe apart from the traditional blue-chip employers of MBAs). Instead,
they view competencies linked to relevant experience and proven organizational accomplishments as flexibility, the ability to welcome change rather than resist it, creativity, self-motivation, personal effectiveness, and a variety of other qualities that are needed in the changing organizational environment where they are currently recruiting.