Among the CEO’s of the top 100 leading firms in the world, only about 30 of them hold an MBA degree. The general belief that everyone holds onto is that only MBA degrees can produce the best and top CEO’s, which is hardly true. At the CEO level, what comes into picture is the well-earned industry experience and proficient skillset, rather than holding a master’s degree alone.
Nevertheless, an MBA degree proves to be extremely beneficial which would help aspirants to climb up their career ladders to the CEO level.
- To be a great CEO, one needs good command over all the diverse business aspects, not limiting to just one particular field for which an MBA degree helps to gain a deeper and practical perspective into all the domains of the business world.
- MBA programs has a lot of interdependent programs and relevant course structure that ensures the graduates hone essential managerial, leadership, communication and interpersonal skills, along with the theoretical aspects.
- Spanning out one’s network is the best way to grow professionally to a higher rank as CEO. MBA opens up this door of diverse and vibrant range of networking.
- Some leading companies require an MBA degree in the resumes to be considered for higher executive positions, as MBA is sometimes considered as the benchmark for managerial and leadership caliber.
Along with the aforementioned, it is necessary to understand that MBA does not necessarily guarantee you the CEO position. Being a CEO of a company includes a lot of factors such as excellent experience and skills, which go way beyond a postgraduate degree. There are alternative cases where CEO aspirants have resorted to valued certification courses in multiple business domains or involving in corporate training to reach their CEO goal.
Each individual should discern and choose the right track to climb up slowly their ladders of success and reach higher executive positions such as CEO, CFO.