The International Finance Corporation's MBA Survey : How Developing Country Firms Rate Local Business School Training / Azam Chaudhry.

Format:

• Book

Author/Creator:

• Chaudhry, Azam, author.

Series:

• Policy research working papers ; Volume 3182.
• Policy research working paper ; Volume 3182

Language:

English

Subjects (All):

• Master of business administration degree.
• Master of business administration degree--Developing countries.
• Master of business administration degree--United States.
• Business education--Developing countries.
• Business education--United States.

Physical Description:

1 online resource (37 pages).

Other Title:

• international finance corporation's MBA survey
• Policy research working paper vol. 3182
• International Finance Corporation’s MBA Survey

Place of Publication:

Washington, DC : World Bank, 2003.

Summary:

Graduate education in business administration was developed in the United States around the turn of the twentieth century. MBA and similar graduate-level business programs took hold more slowly in other countries, but the number of such programs expanded rapidly from the 1960s onward. In an effort to determine what firms from other countries require from business school graduates, the International Finance Corporation conducted a survey of the quality of business education in these countries. The survey results imply that the strengths and weaknesses of developing and transition country MBAs seem to overlap with those of MBAs from the U.S.: managers in the U.S. and in the developing countries find that the technical and analytical skills of MBAs are well developed while practical training and communication skills are significantly lacking. On the whole, only the African and Middle Eastern firms were significantly dissatisfied with the quality of local MBA graduates. The survey results show that MBAs worldwide are not fully satisfying the needs of firms. Each of the other regions of the world has its own particular weaknesses, and at the same time some common weaknesses (such as work experience and communication skills) stand out. These results show that a "cookie-cutter" approach to training MBAs cannot work. Rather, MBA programs have to be tailored to suit the needs of the local business community while also teaching common business fundamentals. This paper--a product of the Global Business School Network, International Finance Corporation--is part of a larger effort to build the capacity of business schools in developing countries to train local managers.

Notes:

• Description based on print version record.
• Includes bibliographical references.

Publisher Number:

10.1596/1813-9450-3182