Is the MBA Still Relevant?

Having spent the past seven years as an educator, teaching in various MBA programs, and being the batch top of the University of Colombo's MBA program (2014/16) with a few medals to my name, I've found myself questioning the relevance of MBAs nowadays. It might be rather controversial, raising the eyebrows of many—especially my fellow educators—when I ask: Is the MBA still the prestigious qualification it once was, or has it become something akin to the G.C.E. O/L—a necessary credential, but no longer a true differentiator in the professional world?

In many ways, the MBA remains a critical credential. It opens doors and serves as a testament to one’s dedication to learning and development. However, in an increasingly competitive landscape, simply holding an MBA may no longer set you apart. The value of an MBA today depends heavily on how you approach and apply what you learn.

Fun Fact: I bet you can spot those who are currently pursuing or have recently completed an MBA in the boardroom—their vocabulary suddenly shifts, peppered with academic terms!

But jokes aside, here’s my perspective on how you can ensure your MBA adds real value to your career:

1. Bridge Theory with Practice

The theoretical frameworks and models (yes, those 2x2 matrices!) you learn during an MBA are powerful tools—but only if you use them. One of the most common mistakes I see is students who limit their engagement with these concepts to completing assignments. To truly benefit, you must actively apply these theories in your workplace. Whether it’s refining your company’s growth strategy using the Ansoff matrix or employing Lean methodologies to improve operations, the real value of an MBA lies in translating academic knowledge into actionable insights.

2. Leverage Networking Opportunities

One of the most significant advantages of pursuing an MBA is the opportunity to build a network of peers from various industries. These connections can be invaluable as you progress in your career, providing fresh perspectives, potential partnerships, and even new job opportunities. But networking should go beyond exchanging business cards or connecting on LinkedIn. Take the time to build genuine relationships with your classmates. Engage in discussions, collaborate on projects, and learn from their experiences. This diverse network will serve you well long after you’ve graduated. Make sure to stay connected beyond the MBA tenure; these relationships can provide cross-industry insights or even job opportunities.

Fun Fact: I recently used a connection from my MBA cohort (seven years after completing the qualification) to get a better discount on Booking.com for a trip to Singapore!

3. Develop Soft Skills

An MBA is not just about acquiring technical knowledge; it’s also an opportunity to develop essential soft skills like leadership, communication, and critical thinking. These skills are often what set successful professionals apart. Seek out opportunities within your MBA program to lead teams, present your ideas, and engage in debates. The more you practice, the more confident and capable you’ll become.

Not-So-Fun Fact: During my MBA, I had the opportunity to work with a British colleague, Mathew Henderson, for a brief period. This experience significantly improved my teamwork skills and helped me become a better individual contributor. Mathew would be pleased to know that working with him instilled in me several key leadership traits.

4. Embrace Lifelong Learning

Finally, recognize that an MBA is not the end of your learning journey. The business world is constantly evolving, and staying relevant means committing to continuous education. Whether it’s through professional development courses, certifications, or simply keeping up with industry trends, your MBA should be the foundation for a lifetime of learning.

In Conclusion

While the MBA may no longer be the ultimate differentiator it once was, it remains a valuable credential—if approached correctly. By actively applying what you learn, leveraging your network, choosing the right program, developing soft skills, and committing to lifelong learning, you can ensure that your MBA adds lasting value to your career.

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