Survey of Senior Business Leaders Reveals Ongoing Deficit of Job-Ready MBA Grads

Cambridge, Massachusetts (ots/PRNewswire) -

Hult International Business School Report Highlights Business
Schools'

Failure to Modernize in Response to Technological, Economic, and
Societal Change

Hult International Business School today released a report
entitled "The Future of Business Education & the Needs of Employers."
Hult Labs, the school's internal think tank, interviewed 90 c-suite
executives from global Fortune 500 companies to discuss their
perspectives on traditional MBA programs and whether MBA programs
equip graduates with the requisite practical skills to make a
meaningful impact for their employers. Interviewees expressed
overwhelmingly that, despite efforts to modernize MBA programs,
business schools continue to do a poor job preparing students to
enter the workplace, largely because they do not adequately measure
the skills and behaviors that prove most useful for evaluating talent
and predicting success.

"Despite employer needs for more graduates with better skills and
abilities, business schools are clearly still behind the curve in
producing these graduates," said Hult President Stephen Hodges.
"While much has been written about the need for business education to
modernize in the face of 21st century change, not much actual change
has occurred. Some programs have introduced new course topics and a
renewed emphasis on practical skills, but a fundamental rethinking of
how student abilities are measured and meaningfully improved during
an MBA needs to occur for business schools to stay relevant".

Interviewees referenced the following shortcomings in their
critiques:

- Business schools make their learning experience too structured, which
prevents them from developing students who are able to tackle tomorrow's challenges.
- Business schools continue to overemphasize theory, and should instead
concentrate on providing real-world experiences.
- Business schools don't emphasize ten critical skills and abilities -
self-awareness, integrity, cross-cultural competency, team skills, critical thinking,
communication, comfort with ambiguity and uncertainty, creativity, execution, sales.
- Business schools don't measure student progress or ability on these skills
accurately or rigorously enough.

For the leaders of Hult International Business School, the report
affirms the drastic need for an overhaul of the traditional MBA
curriculum. As a result, Hult will introduce its own completely
reimagined MBA experience in September 2014.

For more information on the report, visit http://www.hult.edu/labs

Hult Labs is a research think tank that delivers thought
leadership on the future of business education to stakeholders of
Hult International Business School [http://www.hult.edu ].

Contact: Michael Lu, Michael.Lu@Hult.edu

ots Originaltext: Hult International Business School
Im Internet recherchierbar: http://www.presseportal.de

Contact:
+442073418500