Business owners entrepreneurs
and Feedbackrocket.com decided to test whether an MBA added value to an entrepreneur and their business. We started off by selecting those MBA graduates who had run their businesses throughout their MBA studies and for a period of at least three years after completing the MBA. We then asked them what the total turnover increase had been over the respective periods. By combining this data with the dates they started and completed the MBA, we were able to calculate the total annual percentage increase in turnover preMBA and post-MBA for each individual’s business. We had 42 complete data records across the sample.
I n t wo o f the cases, turnover actually decreased over the period of the MBA. In smaller businesses, this could be partly related to the MBA entrepreneur having to split his time and focus between his business and the MBA.
The impact of the MBA on business turnover has increased over the past two years that we have conducted the survey (it was calculated to be 9.0% per annum in the
After the MBA previous study, and has increased to 14.6% per annum currently). There are two points to bear in mind when comparing these numbers. First, the sample sizes here are relatively small, so we might expect greater random variations in the results. Second, the effect of the business cycle may have a distorting influence. In particular, the economy is much stronger now than it was towards the end of 2011 as a result of the effects of the global financial crisis, and this would certainly have an effect on business turnover in general. Average impact on business turnover as a
result of the MBA
During the period of MBA study Addition to expected turnover growth post-MBA (MBA premium) Previous results
9.0% p.a. Current results