Bill Gates, the billionaire Microsoft chairman without a single earned university degree, is by his success raising new doubts about the worth of the business world’s favorite academic title: the MBA (Master of Business Administration).
The MBA, a 20th century product, always has borne the mark of lowly commerce and greed on the tree-lined campuses ruled by purer disciplines such as philosophy and literature.
But even with the recession apparently cutting into the hiring of business school graduates, about 79,000 people were expected to receive MBAs in 1993. This is nearly 16 times the number of business graduates in 1960, a testimony to the widespread assumption that the MBA is vital for young men and women who want to run companies some day.
"If you are going into the corporate world it is still a disadvantage not to have one," said Donald Morrison, professor of marketing and management science. "But in the last five years or so, whe
A. can climb the corporate ladder fairly quickly.
B. quit their jobs once they are familiar with their workmates.
C. receive salaries that do not match their professional training.
D. cherish unrealistic expectations about their future.
Bill Gates, the billionaire Microsoft chairman without a single earned university degree, is by his success raising new doubts about the worth of the business world’s favorite academic title: the MBA (Master of Business Administration).
The MBA, a 20th century product, always has borne the mark of lowly commerce and greed on the tree-lined campuses ruled by purer disciplines such as philosophy and literature.
But even with the recession apparently cutting into the hiring of business school graduates, about 79,000 people were expected to receive MBAs in 1993. This is nearly 16 times the number of business graduates in 1960, a testimony to the widespread assumption that the MBA is vital for young men and women who want to run companies some day.
"If you are going into the corporate world it is still a disadvantage not to have one," said Donald Morrison, professor of marketing and management science. "But in the last five years or so, whe
A. the complaints from various employers.
B. the success of many non-MBAs.
C. the criticism from the scientists of purer disciplines.
D. the poor performance of MBAs at work.
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