Here’s something interesting from AdAge.com: MBAs can be bad for your health. Your career health, that is.
Yep. Turns out that a survey of marketing execs from 32 different consumer-product companies showed a distinct disadvantage for companies that carried a Masters of Business Administration grad at or close to the helm.
And we’re not talking tiny companies here, either. General Mills, Kraft Foods, Nestle, Pfizer, Clorox Co, Cadbury, Energizer, Kodak, Dunkin Donuts… they all made the survey list.
On the list, there were 18 underperforming companies (sales growth lower than 7% annually) that were twice as likely to recruit their marketing execs from fancy M.B.A. programs.
Of the outperforming companies, far fewer M.B.A.s held top positions (about half as many)… even though sales at those same companies grew 6.2% faster than sales of the underperforming competitors.
What’s more, job satisfaction at the no-or-limited M.B.A. companies was higher, office politics tended to crop up less often, and in-house training was both more prevalent and successful.
Did all grad degrees in the study fail the test? Nope. Just M.B.A.s. Interesting. Boy, am I glad I spent my time in grad school studying philosophy and classical lit instead, eh?