Summary
Business school or school of life? An MBA from a top business school is what defines many of today's high powered CEO's - but is the qualification worth the cost or are would-be entrepreneurs better off learning business acumen in the real world? Evan Davis debates with guests.
Guests: Colin Drummond, Chairman of Viridor and Harvard MBA graduate Kim Winser, former CEO of Pringle, now CEO of Winser London Glenn Sykes, Associate Dean of The University of Chicago Booth School of Business, London
Producer: Kent DePinto.
Transcript
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| 0:00.0 | Thank you for downloading this program. |
| 0:02.2 | In this edition of the bottom line, Evan Davis and guests discuss the value of a business school education. |
| 0:07.5 | Is it essential training for the corporate world? |
| 0:09.9 | Or are would-be CEOs better off learning their lessons in the school of life? |
| 0:14.8 | Hello and welcome to the program. |
| 0:17.3 | Now, you probably wouldn't visit an untrained doctor to cure a sickness. |
| 0:20.6 | You certainly wouldn't hire an untrained doctor to cure a sickness. You certainly wouldn't hire an untrained engineer to design a bridge. |
| 0:25.2 | But do we want company chief executives to study the art of business? |
| 0:29.7 | Today we'll discuss the MBA, the master of business administration. |
| 0:33.5 | The degree that has taken over the world in the last few decades, |
| 0:37.0 | thousands of universities offer them, hundreds of thousands of students pursue them. |
| 0:41.7 | Yet some of the very best business leaders have never touched one. |
| 0:45.4 | Maybe because a two-year course can cost $100,000 just for the tuition alone. |
| 0:50.5 | So is it worth it? |
| 0:52.3 | Well, my three guests. |
| 0:53.8 | One doesn't have an MBA but has a successful career in business. |
| 0:57.3 | One has an MBA and a successful career, two. |
| 1:01.4 | And one has an MBA and now works in the MBA industry. |
| 1:04.5 | And that's you, Glenn. |
| 1:05.5 | And let's get a little more information from you to start. |
| 1:08.2 | Glenn Sykes is the Associate Dean of the University of Chicago Booth School of |
| 1:13.5 | Business here in London and in Hong Kong. First tell us about Booth and then tell us what you're |
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