Is the MBA still the golden ticket for the best jobs? How is the employment landscape changing (and how is AI changing that landscape)? How can MBAs--and business schools themselves--stay relevant?

Special guest Kay Dawson, career expert and Assistant Dean at the University of Washington's Foster School of Business, weighs in!

About this episode:

Summary

In this episode of WTF is Up?, hosts Jeremy Schifeling and Omar Garriott are joined by Kay Dawson, Assistant Dean of Careers at the University of Washington Foster School of Business. They discuss the current state of MBA programs, the impact of COVID-19 on business education, and the evolving value of an MBA in today's job market. Kay shares insights on the challenges faced by business schools, the importance of networking, and offers advice for prospective students considering an MBA. The conversation also touches on the future of work, the role of AI, and the skills that will be in demand for MBA graduates.

Takeaways

• Business schools are at an inflection point due to changing market demands.
• COVID-19 fundamentally altered the recruiting model for MBA programs.
• The traditional MBA job is becoming less defined and more fluid.
• AI skills are now among the top requirements for MBA graduates.
• Networking and real-world connections are crucial for career success.
• Prospective students should talk to current students for honest insights.
• The value of an MBA is not guaranteed; it requires active engagement and effort.
• Career management teams are there to help, but students must reach out.
• The experience of business school can be as valuable as the education itself.
• Lifelong learning and adaptability are essential in the evolving job market.

Chapters

00:00 Introducing Kay Dawson
02:14 The Current State of MBA Programs
04:51 Impact of COVID-19 on Business Schools
07:40 Changing Perceptions of MBA Value
10:13 The Role of Testing and Admissions
12:54 Skills in Demand for Future MBAs
15:19 Critique of Traditional Teaching Methods
17:55 The Case Method and Its Relevance
19:14 Navigating Career Education in Business Schools
21:21 The Impact of AI on Learning and Assessment
23:21 The Future of Business School Rankings
25:14 The MBA Experience: More Than Just Academics
27:06 Advice for Prospective MBA Students
29:52 Lifelong Learning and Career Relevance
31:38 The Evolving Landscape of MBA Jobs
35:14 Resetting Expectations for MBA Graduates