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Perceived effects of an MBA degree on employability and career advancement This study is conducted to assess the effects of MBA degree on employability and career advancement in Greece. First of all, the purpose of this paper is to decide whether and how graduate management education offered in Greece makes better managers. Study was conducted by interviewing 68 MBA graduates from Greek business school, in order to know the degree of MBA training that can influence managerial competencies, employability and career development. More specifically, the paper tests the hypotheses that gaining an MBA will: provide graduates with business-related competencies; enhance graduates’ employability; promote career advancement and lead to increased compensation. During the discussion, the research questions for this study included the following: RQ1. Would one enhance his/her managerial competencies completing an MBA program offered by accredited Greek business schools? RQ2. Would one improve his/her employability and job content completing an
MBA program offered by accredited Greek business schools? RQ3. Would one promote his/her career advancement, including better compensation completing an MBA program offered by accredited Greek business schools? To examine the above mentioned three research questions a survey was designed based on the perceptions and attitudes of graduates of a full-time MBA program offered by the University of Macedonia, located in Thessaloniki, northern Greece. This program started in 1994 and it is the second oldest in the country, after that offered by Athens University of Economics and Business. These two MBA programs, combined with that offered by the University of Piraeus, are the most widely known MBA programs in the country that are accredited by the Greek Ministry of Education. It must be noted that over the last decade, the MBA program offered by the University of Macedonia was the only accredited one available in the entire