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MBA is a degree that creates professionals who drive corporate reorganization, product innovation and marketing and implement new styles of leadership. They are a symbol of a new culture, and anyone serious about a career in business aspires to earn those three letters. In a recent survey conducted by Graduate Management Admission Council (GMAC), it is ascertained that the value of MBA is still luring the job market though it has lost its earlier appeal.

When it comes to the “value” of the MBA, what people are talking about, mostly, is money. Dave Wilson, the GMAC president and CEO, says in a statement “A graduate management degree is, in fact, a solid investment in your future, both in good and bad economic times.”

However, in recent scenario, the value of the MBA degree is not so certain. The industry in recent times has an opinion not so favourable to the degree-holders. According to them, the degree that once defined bright, snappy leadership now symbolizes a discipline that has failed to add value over a period of time to the industry need.
They further emphasis that management programs have become too focused on research, and that in-house training at large firms have more practical applications. They claim the programs have failed to create the types of leaders who can deal with globalization; some say they don’t develop leaders at all, just functionaries.

The other school of thought is that most of the pursuers focus on profit and share value, rather than on ethics and sustainability, fostered the type of narrow-minded thinking that led to the fall of Lehman Brothers and many alike during the last recession.

While considering entrepreneurship, learning from your mistakes can be an expensive way to understand the dynamics of business. But with an MBA degree focused on entrepreneurship, you have the comfort to speed up accumulating working capital, marketing, sources of capital—things you could learn on your own but that might be inefficient to do so. The fact is that without an MBA degree it is next to impossible to raise money. It’s easier if you have the brand of a school behind you that has some real symbolic value and a network for you, which might turn out to be very important.

Contrary to all perceptions, the fact is an MBA degree carries value in the marketplace. In some corporate hierarchies it’s considered an essential credential for advancement.

That is, any employer or recruiter expects an MBA grad to be thoroughly knowledgeable about the facets of business administration, such as accounting, finance, human resources, information systems, management and marketing. Most recruiters want an MBA candidate who would also bring exceptional understanding of at least in one specialty area.

It would be a severe mistake to look at an upper-management career track right after an MBA or Management program. Employers want MBA candidates who have some years of relevant work experience either before or after the MBA is earned.

A traditional tutelage has little value over what students can accomplish with what they’ve learned during their earlier real time experience and add value to the existing system. The most attractive candidates for skybox-level management and executive suites combine learned knowledge with winning personal characteristics.

In conclusion, the value of an MBA degree is still relevant in the market as most of the large corporations believe in the degree that have been instrumental in creating big brands through out time and it becomes more pertinent while considering today’s economic uncertainties around the world where companies need to survive without harming their brand image.


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