Survey Finds MBA Valuable to Advance to Executive Positions
MENLO PARK, CA -- An MBA may still be the fastest way up the career ladder, suggests a recent survey. Eighty percent of top executives polled said a graduate degree in business is important to reach senior management ranks within most organizations.
The survey was developed by Accountemps, the world's first and largest temporary staffing service for accounting, finance and bookkeeping professionals. It was conducted by an independent research firm and includes responses from 150 executives with the nation's 1,000 largest companies.
Executives were asked, "How important is it to have a graduate degree in business (MBA) to reach the top management level in most companies?" Their responses:
Not at all important
"Candidates for leadership positions must possess not only solid experience in their fields but also an understanding of broader issues that affect the business," said Max Messmer, chairman of Accountemps. "MBA programs include concentrations in areas such as e-commerce, brand management, competitive analysis and specific industries -- including high technology -- making graduates of these programs extremely marketable."
Messmer advises professionals interested in pursuing advanced studies in business administration to see if their employers will reimburse all or a portion of tuition costs. "Continuing education is critical for employees at all levels, and a growing number of firms are responding to their workers' needs for ongoing professional development as a means of fostering future management talent."
Accountemps has more than 275 offices throughout North America, Europe and Australia, and offers online job search services at www.accountemps.com.