I do
This is to lighten up the anxiety of all you puys:
73 of the 100 Best-Performing CEOs in the world do not have an MBA.
http://hbr.org/2013/01/the-best-performing-ceos-in-the-world
ISB or MBA is not the end of the world. ATB! :)
http://hbr.org/2013/01/the-best-performing-ceos-in-the-world
ISB or MBA is not the end of the world. ATB! :)
I have my interview slotted on 3 pm. I need to book a return flight the same day. Do the interviews lag behind schedule? I need to book a return flight so I am wondering how much buffer time to keep
@SN11 My bad. My interview is through skype and I suppose ur purpose was to look for someone who will be there in Hyderabad.However, I have PMed you my email id.
@kumarPritam good point. However MBA does not create innovator and most of the cases CEOs are the ones who are innovator.You need MBA to remain competitive.We will hold job portfolio post MBA what our fathers used to hold after a graduate or in some cases post graduate degree.
Man I need to stick out my nose from everything 
No intention to demean MBA. I, myself, want to do MBA from ISB. :)
Does anyone have a stat on percentage of rest of the CEOs who are MBA? May be, this group (CEOs not in Top 100) will have a higher percentage of MBA holders.
What it will mean is, With MBA, You may not have a higher chance of being in Top 100 CEOs (just 27%), but, you would certainly have a higher chance of being a CEO in an organization.
Need stat to back it up. Any thoughts?
I liked your point @gmatCallow- You need MBA to remain competitive. What else? Why else MBA?
(Considering the fact that 73% of top CEOs are non-MBA.)
(Considering the fact that 73% of top CEOs are non-MBA.)
By the way, I do not quite agree to your point that most of the CEOs need to be innovator (I think, CEOs need to be excellent in, running, sustaining and growing business.).
I would say that founders do need to be innovator but not necessarily CEOs.
Does anyone have a stat on percentage of rest of the CEOs who are MBA? May be, this group (CEOs not in Top 100) will have a higher percentage of MBA holders.
What it will mean is, With MBA, You may not have a higher chance of being in Top 100 CEOs (just 27%), but, you would certainly have a higher chance of being a CEO in an organization.
Need stat to back it up. Any thoughts?
ATB Puys!
My belief is that most young organisations and startups belive in achievements and capabilities rather than educational qualification alone. I feel that MBA is a safe bet to grow your career when compared to non-MBA candidates.
And in this modern world where the cost and risk associated with starting up a company is going down by huge factors every other person is trying to live out their entrepreneurial dream. And as a young entrepreneur one thing that matters a lot is how you leverage your contacts. Graduating from a good B school like ISB, Harvard, Wharton, Stanford, etc. you will find your peers to be working in best of the companies worldwide that gives you a ready access to pitch your products/services rather than building up your rapport from the ground level.
So I feel that an MBA in the current generation is more about leveraging the unconventional advantages.
@kumarPritam My 2 cents:
An MBA is a higher qualification, after your under grad, nothing more, nothing less. If you wish to extrapolate said qualification to probability of becoming a CEO (a leader), there are many variables involved. For eg, the career path in your industry, overall industry performance, the economic scenario in the country/region where your work, your contacts within the industry/organization and most importantly your own performance in the organization and the impact you created. Now, if you can achieve your career goal (in this case CEO) without the higher qualification (i.e. MBA), then you may want to re-think your decision/reasons to do an MBA. However, if you feel, that this degree would definitely plug some gaps in your current profile, then go right ahead and aim for the best.
As for the stats, If we could foresee the next 20-25 years, I can assume that, for every 2 CEO's, 1 would have an MBA. And Top 100, Top 200 is very subjective as is the case with B School Rankings.
Disclaimer: The views stated above are strictly my own. I am not trying to influence anyone's thoughts or decisions. Brickbats and bouquets alike are welcome
@kumarPritam I may not have been as lucid as I wanted. What I meant MBA is not going to work wonder and does not come with a ticket to the coveted post you mentioned.(BTW as per my research this is the most important reality check.I may be wrong).
But why let a degree that you can earn at your young age hold you in future.I mean if I have to promote two guys who have same kind of capabilities I will choose the MBA guy.I know its not always fair to do that but who says life is.What would you do @kumarPritam ?
@gmatCallow said:@kumarPritam I may not have been as lucid as I wanted. What I meant MBA is not going to work wonder and does not come with a ticket to the coveted post you mentioned.(BTW as per my research this is the most important reality check.I may be wrong).But why let a degree that you can earn at your young age hold you in future.I mean if I have to promote two guys who have same kind of capabilities I will choose the MBA guy.I know its not always fair to do that but who says life is.What would you do @kumarPritam ?
I agree with you on the way things happen in most large organisations but if I were to promote someone in my company I would be more inclined towards their performance rather than their educational qualification alone. If both perform equally good then even I will choose the one with an MBA :)
@raghupro I said same kind of capabilities.add same kind of track record with that.It happens too often.
In my opinion, looking at ONLY the number of CEO's is not a good indicator. Perhaps considering the percentage of MBAs as CXO's (CMO, CFO etc.) would offer better insights?
And even I agree that while an MBA might get increase your chances of being the top gun, what will eventually get there is your performance and your network.
@raghupro Good Point on networking - an unconventional advantage of MBAs of our time.
It seems, MBA is a good platform to grow career as well as remain competitive.
@punters11 I agree that MBA is not the only factor which makes a CEO. But with MBA, you indeed learn the required skills to be a CEO, which is to manage, lead and grow organization.
May be, by the time you become a potential candidate to be CEO, there are other factors mostly involved with Quality of Work Ex. that plays bigger role than being an MBA. But then, with MBA, your quality of Work ex (being Competitive, and having better career growth) can be assumed to be better than other candidates without MBA, keeping everything else approx. same. And so, there should be higher percentage of CEOs with MBA :).
@gmatCallow I agree, MBA will not do any wonder.
I think, if I am looking for a CEO in a candidate, there would be other criteria, which will demonstrate the potential better than a degree MBA. However, MBA does prove that the person has learnt how to manage, lead and grow organization. Kind of picking someone who has demonstrated the potential (Practical). :)
I feel doing MBA now(i.e. not at younger age) mainly serves couple of importnat purposes.
It would give the opportunity to show case one's potential which one could not do earlier because of some or other reasons.Also the knowledge and the networking one gets doing MBA will definitely boostup one's confidence to takeup and handle the decision making roles up in the career ladder.
@Rajat_S You brought up a good point. CXO also plays an important role in an Organization as much as CEO does.
I think, better stat on the efficiency of MBA would be if we get data/stat on following:
What is the percentage of CXO with MBA? I am sure, there would be many (>50%) and hence proves the efficiency of MBA. :)
Lot of made up and personal stat. Need to gather some information on these stats...
The fact that most top firms' CEOs are not MBAs points to nothing but the prevalence of business education 15-20 years back. As a couple of puys pointed out, the performance or the experience of a person matters more than the degree he/she holds. All these top CEOs have years and years of experience under their belt. Where the experience is less, we might have cases of innovators becoming CEOs.
The trend is bound to change 10 years down the line from now when more and more people have started to go for business education. And that's what we are trying to do - prepare for the inevitable.
Views both for and against are welcome.
Our discussions on this forum have really taken an interesting twist. And this is much better than contemplating theories about invites, admits, etc.
Lets keep it going puys!!!