Essential Advice For Online MBAs From Those Who Have Been There & Done It

How do online MBAs find balance – and even an occasional seven hour night of sleep? Each year, P&Q asks the top-ranked online MBA programs to nominate two graduates to represent them among our Best & Brightest MBAs. As part of the nomination process, these top students offer advice to applicants who are following in their footsteps. From monitoring your health to setting expectations, here … [ Read more ]

Joel M. Podolny

The way business schools today compete leads students to ask, “What can I do to make the most money?” and the manner in which faculty members teach allows students to regard the moral consequences of their actions as mere afterthoughts.

Martin Parker

The sort of world that is being produced by the market managerialism that the business school sells is not a pleasant one. It’s a sort of utopia for the wealthy and powerful, a group that the students are encouraged to imagine themselves joining, but such privilege is bought at a very high cost, resulting in environmental catastrophe, resource wars and forced migration, inequality within and … [ Read more ]

Martin Parker

Within the business school, capitalism is assumed to be the end of history, an economic model that has trumped all the others, and is now taught as science, rather than ideology.

Martin Parker

The problem is that business ethics and corporate social responsibility are subjects used as window dressing in the marketing of the business school, and as a fig leaf to cover the conscience of B-school deans – as if talking about ethics and responsibility were the same as doing something about it. They almost never systematically address the simple idea that since current social and economic … [ Read more ]

Martin Parker

In the business school, both the explicit and hidden curriculums sing the same song. The things taught and the way that they are taught generally mean that the virtues of capitalist market managerialism are told and sold as if there were no other ways of seeing the world. […] This combination of ideology and technocracy is what has made the business school into such an … [ Read more ]

It’s Time to Make Business School Research More Relevant

One of the biggest challenges facing management scientists has been the struggle to produce knowledge that is both academically rigorous and applicable to practicing managers. There are two problems that contribute to this challenge.

The first is what we called the “Lost in Translation” problem, which refers to the fact that almost no managers turn to academic journals for advice on how to improve their skills … [ Read more ]

Research: Business School Really Does Influence How Students Make Decisions Later On

The overarching goal of most business schools is to train future leaders to lead. But how well schools meet this goal, and to what extent their teaching influences their students’ leadership, is an open question. Does business school education really shape students’ minds and behaviors many years later, when they’ve reached decision-making positions at major corporations and financial institutions?

We explore this question by looking at … [ Read more ]

Column: What’s Wrong with the Harvard Business School and American Business

Professor emeritus Bruce Scott was a pioneer at the Harvard Business School, where he insisted that management training had to include the big picture, and helped craft the school’s now-mandatory MBA course, Business and Government in the International Economy (known colloquially as BGIE or “Biggie”) back in the 1970s.
 
Harvard Business School is the subject of journalist Duff McDonald’s new book, The Golden Passport, which examines … [ Read more ]

Should You Get An MBA? This Excel-based MBA ROI Calculator Can Help You Decide

Tuition and fees for top programs in the US and abroad continue to rise. For many, paying for school means taking on debt, which can linger for five to ten years or longer. For full-timers, there’s also a huge opportunity cost associated with taking time off from work (usually during prime working years) to pursue an advanced degree.

Unless you’re already an Excel wiz, determining the … [ Read more ]

Why We Should Bulldoze the Business School

There are 13,000 business schools on Earth. That’s 13,000 too many. And I should know – I’ve taught in them for 20 years.

Employers Say MBAs Delusional About Abilities

Jeff Kavanaugh, a managing partner at Infosys and adjunct professor at the University of Texas at Dallas Jindal School of Management, dropped a bombshell on big-headed business students everywhere with the results of a sweeping survey that covered 10,000 recruiters, 3,000 business students, and 500 B-school career center leaders. Kavanaugh found that all three constituencies had very different perceptions of what’s important and where they … [ Read more ]

In the Country of the MBAs

Your opportunity to distinguish yourself starts with being more willing than other MBA students to learn as you go, and with being more attuned to the high stakes of every decision you make.

Everyone else will be unconsciously following the dictates of some dead economist. In the country of the MBAs, you’ll have to strive to cultivate your judgment and figure out which ideas are worth … [ Read more ]

Claudio Fernández-Aráoz

Erich C. Dierdoff and Robert S. Rubin of DePaul University conducted a big study to check the relevance of the typical MBA education. The three competencies rated most important in the real world were managing human capital, managing decision-making processes, and managing strategy and innovation. But the researchers found that those three topics were the least represented in required MBA courses: Only 29% of … [ Read more ]

The Real Payoff From an MBA Is Different for Men and Women

Women with MBAs face a gender-based pay divide that starts as soon as they graduate, and plagues them throughout their careers.

Smartly

Smartly bills itself as the fastest way to master everything you’re
expected to know at the start of your MBA. The course curriculum and material was created in collaboration with experts from Harvard and INSEAD and includes microeconomics, accounting, statistics, and finance. Smartly courses face you with real-world examples and problems to cement your understanding of the course material.

Editor’s Note: this service was launched in … [ Read more ]

How Business Schools Must Evolve

Business education must enable students to reconcile enterprises with the changing realities of the global marketplace.

Gary Cokins

You can get an MBA to learn about the discipline of management. I received one from Northwestern University Kellogg Graduate School of Management. Its curriculum taught me about management, but I can candidly say that it did not teach me how to manage. There is a difference. Management involves strategy, analysis, and decisions from choices. How to manage involves people.

Why are MBAs Not Teaching About Project Management?

Senior executives seem to neither understand project management nor regard it as an important means of business strategy execution. Only a few top business school’s Masters of Business Administration (MBAs) teach project management as part of their core course curriculum. I have spent the last 10 years trying to understand why.

How Business Schools Create Irresponsible Leaders

Most business schools have spent the past decade making their programs global in scope, which tends to mean sending students to foreign lands for immersion programs. The model they’re using, however, creates leaders that are dangerously out of touch with the context in which they’re running businesses.