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Dean Dipak Jain: MBA’s in Down Markets January 30, 2008

Posted by davidzweig in economics.
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Academy Fellow Dipak Jain, dean of the Kellogg School of Management at Northwestern University, was interviewed by the Financial Times for an article that appeared January 30, entitled, Ask the expert – Is the time right to study for an MBA?

A few of this thoughts are excerpted below:

I don’t believe in market timing for pursuing an MBA degree. Given applicants’ personal situation and goals, they need to determine for themselves which type of MBA program is optimal for their needs….The MBA degree is relevant now more than ever. Globalisation today is almost like a force of gravity, and it’s essential that managers are equipped with the right tools and foundations of managerial skills to lead in an ever-changing and challenging business environment.

Twenty years ago, an MBA degree was seen as a value-add. Now that it’s more ubiquitous, chances are that those you’ll be reporting to already have the MBA degree. As such, it’s essential that, in addition to the basic skills taught in business schools, you need to be driven by intellectual curiosity and “dig deeper” so that you become familiar with the current theories and frameworks. It is then that you’ll more effectively be able to lead an organisation. These qualities are valued by employers now and will continue to have “enduring value” in the future.

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1. Business » Dean Depak Jain: MBA’s in Down Markets World Business Academy Blog - March 11, 2008

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