A Research Companion
Edited by Mustafa F. Özbilgin and Ayala Malach-Pines
Chapter 23: The Value of the MBA Education and its Role in Entrepreneurship for Women and People of Color
23. The value of MBA education and its role in entrepreneurship for women and people of color Jennifer M. Sequeira and Myrtle P. Bell Over the years, the Master of Business Administration degree (MBA) has increased in popularity. In 2002, Stern indicated that, worldwide, more than 100 000 people were pursuing the MBA degree, 70 000 of those in the USA (Stern, 2002). The majority of these individuals may be pursuing the MBA in order to bring about a positive change in their career or to change careers outright (see Sturges et al., 2003). Women and people of color1 are among those who seek to eﬀect change in their careers by pursuing the MBA. Although recently there has been increased attention given in the literature to the career success of women MBAs (see Burke and McKeen, 1994; Catalyst, 2000; Simpson, 2000), there is a dearth of research on racial and ethnic minority MBAs and career success. We also ﬁnd that there is little research on entrepreneurship outcomes of women and racial and ethnic minority MBAs. In an attempt to ﬁll the void in this research, this chapter examines the role of the MBA as it relates to the success of women and people of color, particularly those who choose an entrepreneurial career. Although the MBA has been increasingly pursued over the last two decades, its prestige has ﬂuctuated during that same period. There has been increasing debate as to the degree’s value both to individuals enrolled in MBA programs...
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