Social Entrepreneurship and the M.B.A.
The notion of using a management degree to do good while doing well has grown in popularity on today's business school campuses, where an ever-increasing number of students plan on putting their business savvy to use within the nonprofit sector. The recession has led many applicants to reevaluate their priorities and determine what they want to do with their lives, often trading jobs with status and hefty paychecks for careers with a positive social impact.
In order to keep and develop the competitive edge needed to survive in today's uncertain economy, nonprofits must run themselves just like any other successful business. When you need to run a tight ship, as is often the case within this sector, business skills are essential. So are people skills, management skills, financial-analysis skills, IT skills—the list goes on. That's where the M.B.A. degree comes in.
