Is MBA necessary to become CEO?
Many CEOs of worldwide famous companies are MBA graduates, like Microsoft, JP Morgan, Apple, Blackrock. There are various chief executives pursued MBA that is Business studies.
It’s really an amazing fact that 22% of the world’s best CEOs are MBA graduates. 69% of CEOs have done MBA as per the statistics of US. In countries like France, the UK and China most of the CEOs are MBA graduates.
The MBA course syllabus consists organizational behavior, finance, marketing and these are the most required skill set for CEOs.
Also, the CEO of any company must have strong communication skills, decision making skills, encouragement skill, leadership , and many more skills and , doing MBA can help in boosting up these skills.
The syllabus also includes case studies, business simulators, group projects, professional experiences, extracurricular activities, which help in growing mind
Now, the question arises why is the fees of MBA course so high everywhere?
It’s because of the experiences students are given exposure to throughout the MBA course.
MBA is not theoretical course, it is not a classroom subject but a whole experience giving course. For students pursuing MBA workshops are all conducted for giving external exposure to the them.
Also interaction with the whole cohort results in giving more practical knowledge and further experience to the students, here cohort means different backgrounds, countries, industries.
Interacting and working with the classmates can help in improving the involvement of people in cultural awareness and getting different viewpoints of other students.
Another question comes into mind, Is it necessary to have an MBA degree to become CEO ?
Although it may seems like all CEOs are MBA graduates itself but it is not that way. Many of the CEOs are not MBA grads but they have gained experience in other fields and now this experience helped them becoming CEOs of companies.
Brian Moynihan, CEO of Bank of America was in banking career , Safra Catz, CEO of tech conglomerate, Oracle, was in investment banking and there are many more .
Have a look on the following
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