As we all know, MBA stands for Master in Business Administration. When we decide to enrol in Business school what most people have in mind is to go work for a corporation after graduation. Marketing, Finance, Human Resources or operations are some of the roles people aspire to take in a company once they have obtained their degree. Nevertheless, these are not the only career paths one can follow with an MBA.
The typical MBA will include in its curriculum some basic or core courses such as finance, accounting, marketing and organizational behaviour. However, more often than not, we find programs that include some soft skills classes to help form future business leaders. This is the case for IE.
During the MBA program at IE, students take part in a variety of workshops which promote the development of necessary soft skills in order for participants to excel as managers. For example, students participate in workshops in communications skills, team building and self assessment. Moreover, students enrol in some humanities classes such as art history or contemporary Chinese culture.
The new MBA curricula at IE, besides training individuals on how to analyze and solve business situations it also prepares them on how to deal and manage change. Today’s global society requires people to be innovative. Managers need to propose solutions to problems and situations that are constantly changing in our surrounding. In addition, we promote ethical conducts in our students by incorporating social responsibility and environmental sustainability issues into all of our classes.
As we reviewed some of the key elements of our MBA program – knowledge of basic business and managerial tools, soft skill development, deepening of general culture and humanities, the ability to manage change and work under uncertain situations, and the ethical commitment towards society and the environment – I think today’s MBAs are ready and prepared to undertake any professional role. Recent graduates at IE’s MBA have taken traditional roles in large investment banks, consulting firms, multinational corporations but also in NGOs, International Cooperation organization and small community service ventures. I do believe that an MBA could become a good politician, at least from an academic perspective. After an MBA students are prepared to manage and run big or small private or public companies and even also countries. Nevertheless, being a politician requires other skills that not event the best university can teach…