Will a Social Impact MBA Help You Reach Your Career Goals?

by Stacy Blackman Consulting, Jan 23, 2023

The MBA degree has long been a stepping stone for careers in consulting and finance. Yet, in recent years, we’ve seen a shift towards using the MBA as a force for social good. That’s why in 2021, we launched the Social Impact Accelerator package designed just for purpose-driven applicants. Are you wondering whether you can reach your career goals faster with a social impact MBA? Here are some reasons why more professionals are considering this type of degree to advance their social sector careers.

For starters, there’s a growing recognition of the role companies can play in addressing social and environmental issues. The business world has both the resources and expertise to impact areas such as climate change, inequality, and access to education and healthcare.

WHERE CAN YOU GET A SOCIAL IMPACT MBA?

Many MBA programs now offer courses and concentrations in how to use business as a force for good. For example, the Yale School of Management includes material related to social and environmental issues in all courses in the MBA core. In fact, every initiative at the school considers how business and market forces can improve the world.

At the UC Berkeley Haas School of Business, students find a substantial list of social impact coursework and experiential learning opportunities they need to prepare for careers in CSR, nonprofit and public leadership, or social entrepreneurship. Meanwhile, at the NYU Stern School of Business, students can pick up to three focus areas in social enterprise and choose from a pool of over 200 electives in areas such as social entrepreneurship, venture philanthropy, and corporate social responsibility.

In short, all of the top business schools can prepare applicants through a social impact MBA.

MBA graduates are trained in problem-solving and decision-making, which are desirable skills in the social impact sector. They also can understand and manage the financial and operational aspects of organizations, which is crucial for sustainability and scalability.

Plus, the MBA provides a network of like-minded individuals who are also passionate about making a difference. MBA programs often have a strong sense of community and offer opportunities for students to collaborate on social impact projects. These experiences can lead to long-term collaborations and partnerships that have a lasting impact.

Finally, the MBA can provide the necessary skills and experience to transition into leadership roles in the social impact sector. Many social impact organizations look for leaders with solid business backgrounds who bring a data-driven approach to their work. The MBA degree provides the skills and experience needed to take on these roles and drive organizational change.

Now more than ever, the social impact MBA is a great way to confront some of society’s most pressing issues. As more professionals seek careers in these fields, the MBA degree will continue to be a valuable tool for making a difference in the world.

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Stacy Blackman Consulting is the only MBA admissions firm with a complete panel of former Admissions Officers from every M7 program and the elite European MBA programs. If you are looking for guidance on your MBA application, we can help with hourly and comprehensive consulting services. Contact us to learn more.