3 ms·
A few notes on this article: * It seems a bit crazy to me to have a newly minted MBA jump into a CEO role. Of course, this is not unprecedented with the search
by lquist 10y ago
A few notes on this article:
* It seems a bit crazy to me to have a newly minted MBA jump into a CEO role. Of course, this is not unprecedented with the search fund model (https://en.wikipedia.org/wiki/Search_fund https://en.wikipedia.org/wiki/Search_fund) but those are MBA grads from top 5 schools (and mostly just Stanford MBA grads)--very different from your average MBA grad
* The top 5 MBA grad can expect to make on the order of $20-50M over the span of a career with a Mck/Bain/BCG role. Yes there is a limited number of people who make it to the top, but tbh that is much more due to people wanting to leave for other career paths than it is a weeding out.
- refurb 10y agoKeep in mind that there is a distribution in the quality/experience of MBA students even in the top 5 schools. A large percentage of them went to very good undergrad schools, got reasonably prestigious (at least from the outside) jobs after graduating, then decided to go for their MBA in their mid-20s. It makes for an impressive resume, but one still wouldn't put them in a CEO role right out of their MBA. An even smaller group are the students who did truly impressive things pre-MBA. People who joined a PE firm out of undergrad and were very quickly on the partner track. Or people who started a successful company pre-MBA and didn't really need to go back to school, but wanted to. There are usually a handful of these folks in every class. These are the ones where it makes sense they got a C-level role at a company right out of their MBA. Again, it wasn't the MBA that got them the role, but rather what they did before they got in.