Another area of leadership, where an MBA degree can prove to be very useful is for people working in the upper echelons of an organization. A recent analysis of CEOs of the top 500 companies listed on the Bombay stock exchange reveals that only 144 of them have an MBA degree, so it is also not true that you can’t succeed without a management degree, but for a CEO or a CFO of an organization, who is already equipped with all the technical tools and techniques, having an MBA degree would be the icing on the cake. It will help him assess his leadership style, and mold it according to the needs of the organization.
There can be several other domains of leadership positions where management knowledge can make a great deal of difference, like small scale businesses, startups, sports etc. So having an MBA degree is not absolutely necessary to ascend to the top of an organization, but it certainly does help.
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