4/14/2005

Why Dog the M.B.A.?

Seems that every time I read an article about the M.B.A. degree, some author or professor at Stanford/Harvard is mentioning that just about every college and university is teaching for it in the wrong way. Some say too much analysis and not enough clinical experience, others feel that students are too young to be taught business administration, never having administered a business (no real world experience). Yet others seem to think that core subjects such as accounting, economics, marketing, and finance get disproportionate attention at the expense of crucial "soft" skills such as leadership, teamwork, communication and the ability to think outside the box of discipline. Is it time for the MBA degree to be more than just a "sifter" of students for employers? Some schools are taking, what the feel, corrective action by adding courses such as leadership, collaboration and the like. Others are allowing M.B.A students to handle the school's own million dollar investments fund. Is this the appropriate remedy to at least appease the critics?

4 comments:

Diane said...

All these subjects are a good basis for the problems we will encounter in a job. Yes, I think more real world experience should be incorporated into any degree if it is possible. I don't know if students should be allowed to handle the school's investment funds. Isn't there a program that could simulate the investment market? I think leadership, teamwork, and communication skills are highly desired by employers. More of these classes should be available and required.

Ralph said...

It takes hard work and determination to get an MBA, just what you want out of an employee. Real world experience is just as important, that why people say to change the curriculum. I like the idea of student handling the school’s investments. The school is saying we trust our students and our education. I think that employers would appreciate the confidence. Alternatively if the students were really bad the school would go under and only the good schools would exist.

Bart said...

I think that more real world experience is necessary for any degree. I know to many people that get out of school and cant get a job because they dont have any experience.

Dr. Tufte said...

I'm not going to comment on this since I help make MBA decisions for SUU.