If you’re considering business school, it’s likely you’re no stranger to the ongoing debate about the value of an MBA. In this video, Harvard Business School professor David Garvin discusses the way in which business schools are shifting in response to ongoing critiques — specifically, by emphasizing applied experience in addition to knowledge.
While this video is from last year, it provides a useful primer to the issues being discussed by people like Josh Kaufman (of “The Personal MBA” fame). Recently, HBS announced 5 new priorities for the school, including one initiative that seems directly tied to the issues discussed in the video. In the new FIELD (Field Immersion Experiences for Leadership Development) program, required for first-year students, students will be encouraged to apply their core academic knowledge to a real-world problem.
What are your thoughts about the worth of an MBA today? Let us know in the comments, and be sure to check out the full series of MBA Life on Youtube posts for more.