MBA worth investment, experts agree | Weatherhead

MBA worth investment, experts agree

Posted 10.30.2015

from Cleveland Jewish News, October 29, 2015

by Ed Wittenberg:

Earning a Master of Business Administration is hard work, but the rewards are worth the effort, three local college business administrators agreed.

Simon Peck

“There’s just a lot of evidence that suggests the MBA is the required degree to progress up to the executive suite,” said Simon Peck, associate dean for MBA programs at the Case Western Reserve University Weatherhead School of Management in Cleveland. “The financial and economic rewards for getting an MBA are significant.”

Peck said people often join companies for a specific role after they earn an undergraduate degree and then become specialists in a particular area, such as engineer or insurance salesperson.

“Then they get to a point in the organization when specialist skills become less critical, and they need to learn new skills,” he said.

One of the reasons the MBA is so valuable, Peck said, is it gives specialists an opportunity to learn a broad range of skills that are needed to be a successful manager or leader.

“There are customized programs for different areas and specialist niches,” he said. “Predominantly the MBA is a broad, general degree to equip students with these skills.

“To be a leader in, say, health care, you do need some special knowledge around finance and health care. Fundamentally, we believe leadership is a skill that is transferable across a lot of sectors. CEOs are very effective leaders, not specialists in one particular sector.”



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