Are MBAs still relevant – Why aren’t MBAs as prestigious as they once were?
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GUEST - Andrew Woodburn - Managing Director of Amrop Woodburn Mann
Historically, the MBA, also known as a Master of Business Administration, has been the business degree for entrepreneurs and ambitious businesspeople to get. Many top CEOs and high earners in some of the most successful companies have either done some postgraduate work or earned their MBA, which has made it a popular degree to pursue for decades.
But today, telling a potential employer that you earned an MBA doesn’t have the same cache it used to, mostly because everyone has or wants one now. What once set the most skilled businesspeople apart is no longer unique. Let’s look at some of the reasons an MBA isn’t as prestigious as it once was and when it still makes sense to pursue one.
Historically, the MBA, also known as a Master of Business Administration, has been the business degree for entrepreneurs and ambitious businesspeople to get. Many top CEOs and high earners in some of the most successful companies have either done some postgraduate work or earned their MBA, which has made it a popular degree to pursue for decades.
But today, telling a potential employer that you earned an MBA doesn’t have the same cache it used to, mostly because everyone has or wants one now. What once set the most skilled businesspeople apart is no longer unique. Let’s look at some of the reasons an MBA isn’t as prestigious as it once was and when it still makes sense to pursue one.