London Business School | Mr. Green Energy
GMAT 710, GPA 3.1
Kellogg | Mr. Engineer Volunteer
GMAT 710, GPA 3.8
Berkeley Haas | Ms. Midwest Startup
GRE 328, GPA 3.51
Wharton | Mr. Data Scientist
GMAT 740, GPA 7.76/10
Stanford GSB | Mr. 750
GMAT 750, GPA 3.43
Wharton | Mr. Global Perspective
GMAT 750, GPA 3.6
MIT Sloan | Mr. Surgery to MBB
GMAT 750, GPA 3.4
MIT Sloan | Mr. International Impact
GRE 326, GPA 3.5
IU Kelley | Mr. Businessman Engineer
GMAT 690, GPA 7.26/10
McCombs School of Business | Mr. Military 2.0
GRE 310, GPA 2.3
Stanford GSB | Mr. MBA Class of 2023
GMAT 725, GPA 3.5
Duke Fuqua | Mr. Tech Evangelist
GMAT 690, GPA 3.2
Harvard | Mr. Investment Banker
GMAT 750, GPA 4.0
MIT Sloan | Mr. Hopeful CXO
GMAT 750, GPA 3.56
Stanford GSB | Mr. Deferred MBA
GMAT 760, GPA 3.82
Duke Fuqua | Mr. National Security Advisor
GMAT 670, GPA 3.3
Chicago Booth | Mr. Inclusive Consultant
GMAT 650, GPA 6.7
Stanford GSB | Mr. Techie Teacher
GMAT 760, GPA 3.80
Cornell Johnson | Mr. Emporio Armani
GMAT 780, GPA 3.03
McCombs School of Business | Mr. Consulting Analyst
GMAT 700, GPA 7.7/10
Stanford GSB | Mr. FinTech Engineer
GMAT 760, GPA 3.8
Harvard | Mr. Bangladeshi Analyst
GMAT 690, GPA 3.31
Yale | Mr. Fencer
GMAT 740, GPA 3.48
INSEAD | Mr. Indian In Cambodia
GMAT 730, GPA 3.33
Kenan-Flagler | Mr. Top Three
GRE 310, GPA 2.7
Tuck | Mr. South African FinTech
GMAT 730, GPA 3.08
IU Kelley | Ms. Marketing Manager
GRE 294, GPA 2.5

MBA Interest In Entrepreneurship Hits Low

Business Schools Strive For Good

“Greed is good.”

The famous line by Gordon Gekko in the film, Wall Street, mirrors a traditional image of capitalism as a world focused on profit above all else. However, this “Greed is good” has grown increasingly unpopular among business students.

The Economist recently reported that business schools are increasingly making business ethics a staple of their MBA programs. In addition, a number of schools have implemented courses in corporate social responsibility, or CSR.

Harvard’s Leadership and Corporate Accountability course

At Harvard Business School, Leadership and Corporate Accountability (LCA) is a required course for MBAs. The course is intended to teach students the complex responsibilities business leaders face.

“Through cases about difficult managerial decisions, the course examines the legal, ethical, and economic responsibilities of corporate leaders,” Harvard’s website reads. “It also teaches students about management and governance systems leaders can use to promote responsible conduct by companies and their employees, and shows how personal values can play a critical role in effective leadership.”

Joseph Badaracco is the John Shad Professor of Business Ethics at Harvard Business School and established the semester-long LCA course. Badaracco tells The Economist that MBA programs should create good managers who can exercise good judgment. This is exactly what courses like LCA are trying to teach.

Badaracco says globalization means global firms must understand and comply with countless international rules. Social media also now puts companies on the spotlight, which means they’re expected to do and say the right thing.

“Things that were kept private in the past can and do get out, and you’ve got this transparency, whether you like it or not,” Badaracco tells The Economist.

Opportunities at Leeds

At the University of Colorado’s Leeds School of Business, the Center for Education on Social Responsibility (CESR) was created to educate MBAs in areas like business ethics, CSR, sustainability, and diversity & inclusion.

The mission of the center is “educating current and future values-driven leaders to engage and positively impact ethical, social, environmental and economic challenges,” according to Leeds’ website.

Leeds School of Business has had a long history in pushing for business ethics and sustainability. The Economist reports that in 2001, the Leeds family – the business school’s benefactor – formalized business ethics and sustainability in clauses written into the school’s funding agreement. In addition to taking required CSR courses, Leeds students also have the opportunity to visit companies committed to good business practices.

Mark Meaney is the executive director of Leeds’ Center for Education on Social Responsibility. Meaney tells The Economist that a strong foundation in business ethics may be the key to standing out in the job market. While a majority of MBA positions aren’t directly related to CSR, Meaney says, candidates with CSR experience will be seen favorably.

The days of “Greed is good” may be over. And now, it seems that the business world is shifting to simply do good.

Sources: The Economist, Harvard Business School, Leeds School of Business