The MBA Degree Needs a Makeover

The MBA degree was created for a different world. It was the mid-sixties when having an MBA first began to catch the imagination of the middle-class aspirants. It was the guarantee of a good life. But that was also when the average tenure of companies on the S&P 500 was 33 years. By 1990, organization’s lifespans had shrunk to 20 years. By 2026 the lifespan of a company would be down to 14 years. 
About 50 percent of the S&P 500 will be replaced over the next 10 years. Already yesterday’s aspirational employers like US Steel, Dell, and the New York Times have been replaced by Facebook, Under Armor and Netflix. 
Meanwhile in the Business Schools…
The employers have to rely on shortcuts to decide which degree best prepares someone for a career in business. The MBA program was the perfect answer. XLRI – India's oldest business management school was founded in 1949. IIM Calcutta was the first of the IIMs to be set up in 1961. Ahmedabad, Bangalore and Calcutta were the thre