If you think a candidate with an MBA degree might be the best fit to fill your open GS position — there are a number of business leaders who will agree. In a recent survey by [email protected], 24 HR executives from a variety of industries were asked for their perspectives regarding the advantages they see in candidates who have these initials next to their names. Some responses included components that overlapped with others, but certain unique characteristics of MBAs stood out. Here, we’ll take a look at what they were, starting with what executives from two military-related organizations had to say.
According to Tisa Head, executive vice president of human resources at Navy Federal, MBAs have an overall business acumen. “MBA candidates have experienced rigorous academic programs, project work in a team environment, internships with industry leaders, and, in many cases, international business experiences. All of these experiences in and out of the classroom develop critical thinking, problem-solving and team-oriented skills that enhance their overall business acumen and provide advantages in a very competitive job market.”
In addition, Mark Reid, executive vice president and chief human resources officer at USAA, says that MBAs are fluent in the language of business. “MBA graduates possess a unique advantage in that not only are they fluent in the language of business, they have networked with and had exposure to real business situations and challenges. This, combined with the opportunities to work with fellow students from across industries, experienced faculty, and established business leaders creates a very attractive candidate.”
Here are 22 additional benefits that MBAs bring to the table — according to the HR executives who were polled. Such candidates:
- Possess a broad skillset—which enables a comprehensive approach to business needs.
- Use data-driven decision-making—which supports the autonomy and leadership that’s needed in innovative business environments.
- Show a commitment to education—which aligns with organizational values.
- Possess critical-thinking skills—specifically regarding the financial context of business.
- Have an understanding of business fundamentals—including basics regarding financial and marketing principles.
- Possess a holistic business perspective—that supports strategic and global thinking.
- Are committed to personal development—including the building of sophisticated networks of relationships that are beneficial long term.
- Understand evolving business trends—and how they may impact the needs at hand.
- Show evidence of self-leadership—with a dedication to excellence.
- Are able to handle complex business situations with agility—and have a wide range of business knowledge.
- Possess the ability to apply theoretical knowledge—and rapidly create real business solutions.
- Understand the “business behind the business”—which increases effectiveness both as consultants and internally.
- Understand the fundamentals of an organization—and are able to integrate a variety of dynamics to support scale-up efforts.
- Come with well-rounded experience—and exposure to a global perspective.
- Have an excellent overview of the business world—and are receptive to change.
- Are able to combine critical thinking, creative problem-solving and optimal communication—all key factors in leadership development.
- Possess diverse business knowledge—which supports strategic and innovative thinking.
- Have increased leadership development opportunities—with the ability to hone quantitative capabilities and critical thinking.
- Possess an analytical lens—with the ability to make data-driven decisions that lead to sound business strategies.
- Have business and financial credibility—with the education to support effective decision-making.
- Have exposure to new and emerging global industries and markets—which broadens critical-thinking skills.
- Possess a “big picture” perspective—that supports an innovative business culture.
When you’re looking for the best candidate to fill your next leadership position, someone with an MBA degree might be the perfect fit.