Female students challenge myths — Julia Yoo and Emily Feldman

From Financial Times

Many women continue to struggle with the decision to attend business school, fearing the cost, the commitment and the competitive environment.

As two of the youngest women entering the MIT Sloan School of Management MBA in 2012, we had the same concerns. However, we were pleasantly surprised, so we have taken it on ourselves to challenge the four myths we believe hold women back.

You will waste money

Business school is expensive but it can be a solid investment. Despite the steep and intimidating price tag, an MBA can lead to a lifetime earning potential of more than $3 million, according to one study that reveals it takes, on average, about four years to recoup the return on investment of an MBA.

Moreover, 95 per cent of both women and men graduates from 12 US business schools report being satisfied with their MBA education, according to a joint study released by Catalyst, the University of Michigan Business School and the Center for the Education of Women at the University of Michigan.

Family will suffer

Getting an MBA does not necessarily mean putting family second. “Success for either parent is success for the entire family,” a female mentor once told us. In fact, while pursuing our MBAs, we were pleasantly surprised to meet a number of mothers and fathers with young children who were actively involved parents while participating in and contributing to their business school communities.

Read the full post at The Financial Times.
Julia Yoo and Emily Feldman are both recent MBA graduates of MIT Sloan School of Management, where they served as co-presidents of the Sloan Women in Management Club.

Harnessing technology — David Schmittlein

From The Financial Times

David Schmittlein, dean of MIT Sloan School of Management, discusses the effect of the digital economy on management education with FT Business Education Editor Della Bradshaw.

Watch the video at The Financial Times.

David Schmittlein is the John C Head III Dean and Professor of Marketing at the MIT Sloan School of Management.

Impressions of Seattle from an MBA trekker — Brittany Greenfield

Brittany Greenfield, MIT Sloan MBA '16

Brittany Greenfield, MIT Sloan MBA ’16

From GeekWire

When considering where to go on an MBA Technology Trek, Seattle was a no-brainer.

It wasn’t just that the city is home to some of the world’s leading technology companies, but Seattle has successfully created a technology innovation ecosystem — one that spawned many of the past few year’s largest tech IPOs. It is the philosophy of not resting on one’s laurels that has created longevity in Seattle’s companies, and provided important lessons for MBA students. My goal on a recent MIT Sloan Technology Trek was to understand the strategies, cultures, and goals that have propelled Seattle companies’ long-term success.

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Here’s what Seattle looks like to some MBA students on a high-tech field trip — Lakshmi Kannan

Lakshmi Kannan, MIT Sloan MBA '16

Lakshmi Kannan, MIT Sloan MBA ’16

From Daily Journal of Commerce

I recently joined 25 of my MIT classmates on an MIT Sloan Technology Trek to Seattle.

Technology is a hot area at MIT Sloan — 26 percent of the graduating class last year went into high technology jobs — so technology treks are very popular.

They are an important tool for students to learn about company cultures. However, we’re not just looking at how many hours we’ll work or how comfortable the lifestyle is. We want to feel like we’re making an impact on others in real ways, and we want to know that our MBA education is truly adding value at the organization.

Treks are a unique opportunity to ask questions and learn from employees, who are frequently alumni.

In addition to learning more about the roles of MBA grads, I also wanted to see if I could deal with Seattle’s climate. Growing up in India and living in New England for the last nine years, I knew that the Northwest would be quite different.

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Why MBAs should know a second language — Jackie Wilbur

Exec. Director for Undergraduate & Master's Programs Master's Programs

Exec. Director for Undergraduate and Master’s Programs Jackie Wilbur

‘Recruiters seek geographically flexible managers: global citizens who have an ability to adapt to new environments and who are able to build cross-cultural competence’

Recently, I had a meeting with a recruiter from a global firm about her company’s future hiring needs and how we, as a school of management, might sharpen our efforts to train students in particular areas. We covered all the usual topics. We talked about sectors, business units, and specialized skills. Interestingly, though, one of her greatest employment concerns had nothing to do with functions or industries; rather it involved geographic mobility, cultural awareness, and language skills.

She told me how her firm is rapidly opening offices around the globe, and how it’s looking for people who have experience in different regions, or who are willing and eager to relocate. “Most of the business will be conducted in English,” she told me, “but in order for someone to be successful and fulfilled they’ll need proficiency in the local language.”

In an increasingly global world, the ability to speak more than one language has clear practical advantages. More and more, though, fluency in another language is becoming a vital skill for the next generation of business leaders. At a time when American-based companies realize that their greatest potential markets are outside of the U.S., they are seeking geographically and culturally flexible managers. Those with an ability to adapt to new environments quickly and are able to build cross-cultural bridges will become the future leaders.

Language skills are paramount. As Matt Symonds, chief editor of MBA50.com, a website dedicated to the world’s outstanding business schools, wrote recently in Bloomberg Businessweek: “In a global business environment, [language] skills…make the difference between a good performance and a truly great one.”

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