Career advancement with an MBA.
“Education is a key element in achieving individual development and life success. The Master in Business Administration (MBA) degree is a widely accepted qualification in business management, recognized around the globe” (Baruch, Peiperl, 2000, p. 69). The MBA provides graduates with skills that yield returns with regard to market-value resulting in more opportunities for promotion and career advancement. According to University of Phoenix Jungian personality assessment: (2010), there are two out of 16 personality types associated with business careers. Kilduff and Day (1994), Research on personality points to the possibility that personality has an effect on performance of top executives witch can affect career outcomes. The MBA can and does provide respective value to individuals interested in pursuing and achieving career advancement in management. The goal of MBA programs is to add value to the individuals who acquire the MBA degree. MBA graduates acquire managerial competencies, and business knowledge prepping them for managerial roles (Baruch & Leeming, 2001). Knowledge both tacit and explicit is the most obvious value acquired by MBA graduates; this is also known as human capital. According to Baruch (2009) “The ultimate aim of MBA studies is to develop better managers, and the graduates improve their human capital.” Human capital can be broken down into four distinct types of capital, all possessing potential to instill additional value to the MBA graduate. Scholastic capital is the most obvious capital obtained in that it is new knowledge and skills learned by the graduate. However, less obvious capital is brought to light when considering social capital. Social capital is attributes to the social networks created during the course of completing the MBA program. Another human capital value is cultural capital that individuals view as one’s prestige in society. Inner-value capital equates to self-esteem, self-efficacy...
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