MBA no guarantee of long-term success

Three separate studies, including one authored in part by Desautels Professor Henry Mintzberg, have concluded that the MBA is not the gateway to business success after all — findings that are at odds with what many in the business community have come to believe. Instead, Mintzberg discovered that most of his subjects headed companies that eventually went bankrupt, or that removed them as CEO. Another study saw companies headed by MBA CEOs fall more rapidly than those with non-MBA CEOs, thanks in part to a philosophy of growth by acquisition and other rapid, but short-term strategies. More damningly, MBA CEOs are likely to make more money even from failing companies, due to a self-serving management style.

Read full article: The Globe and Mail, March 31, 2017