The question of whether the MBA is worth it or not has caused much debate over the last years. As far back as the nineties, a discussion about the value of the MBA is held. In those days, a strong decrease in the number of applicants at American business schools was proof enough for the decline of the MBA in general (Celis, 1993). Today’s reality is that there are 12,000 business schools in the world and the demand remained unbroken (Entrepreneur, 2012). In America, even a persistent shortage of talented mid-level leaders is the case for two-third of all businesses.
Despite of an MBA title or not, business skills should be accessible to a lot more people preparing them for the next economic crises. The trend in many industrial countries is that the so-called baby boomers are retiring and not enough young business leaders are to follow. Therefore, efficiency enhancements, allocating resources and eventually getting good results will be even more important. According to Hay Group, a global management consulting firm, “organizations will have to radically adapt their cultures, structures, systems and processes in order to survive the new world order” (Tauber, 2013). For that reason, business specialists are essential. There is some controversy as to whether they need to have an MBA degree or not.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The MBA - What Exactly Is It?
- Is It Worth Doing an MBA?
- MBA SWOT Analysis
- Reasons Why the MBA Is Worthwhile
- Reasons Why the MBA is Pointless
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This document aims to explore the question of whether an MBA is worthwhile, taking into consideration the historical context and contemporary trends. It analyzes the key elements of an MBA, including its structure and core subjects, and explores the arguments both for and against pursuing the degree.
- The Evolution and Current State of the MBA
- The Value Proposition of an MBA
- The Pros and Cons of Pursuing an MBA
- The Importance of Business Skills in Today's Economy
- The Role of the MBA in Corporate Leadership
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction establishes the context of the MBA, highlighting its historical significance and the debate surrounding its value. Chapter 2 provides a clear definition of the MBA, its structure, and common specializations, showcasing the core components of the program. The third chapter delves into the pros and cons of pursuing an MBA, examining the potential benefits and drawbacks associated with the degree.
Schlüsselwörter (Keywords)
This document focuses on the MBA, exploring its value and relevance in the current business environment. Key concepts include the MBA's historical development, core subjects, potential benefits, and drawbacks, highlighting the strengths, weaknesses, opportunities, and threats (SWOT) associated with pursuing the degree. This analysis considers the importance of business skills, particularly in light of contemporary economic trends.
- Quote paper
- Simon Etzel (Author), 2013, The MBA - is it worth it?, Munich, GRIN Verlag, https://www.grin.com/document/272573
