Additionally, MBA programs typically offer vast networking opportunities. A 2018 Graduate Management Admission Council report indicates that most full-time and executive MBA graduates agree that their MBA programs helped them develop their professional networks.

An MBA can enhance technical business leadership abilities, like data analysis, supply chain management, and project management. However, CEOs may already possess many soft skills, like communication, interpersonal, and strategic thinking. These leaders can often learn the technical side of business without going through an MBA program.

For instance, Rosalind Brewer, the CEO of Walgreens Boots Alliance, Inc., never earned an MBA but served on the Board of Trustees of her alma mater, Spelman College. Since then, she’s held numerous executive positions in well-known companies such as Starbucks and Sam’s Club.

Another example is Mark Zuckerberg, the leader of Facebook and Meta, who dropped out of Harvard after quickly gaining success with the original Facebook platform. Not only has Zuckerberg remained the CEO of his company, but he’s also the ninth-wealthiest person in the world, according to the Bloomberg Billionaires Index.

The Role of Continuing Education For Leaders

Regardless of whether a CEO decides to pursue an MBA, continuing education plays a critical role in their development. In today’s business landscape, leaders must keep up with industry trends, understand financial management, and incorporate emerging technologies into their organizations’ everyday tasks.

Is an MBA Right For You?

If your goal is to become a CEO, you might grapple with whether to pursue an MBA or master’s degree.

First, consider where you are now and where your career will take you. Do you want to advance within your current organization and eventually take a leadership role? If so, talk to your leaders about the necessary steps to reach your goals. An MBA may not be a required part of the picture.

Also, think about the costs associated with an MBA. An MBA can be costly, but so can certifications, professional development, and the time it takes to climb the corporate ladder. The investment for an MBA might be worth it to you to advance your career quicker.

A Path to Business Leadership

The journey of an MBA student varies for each person, as does the journey of each CEO. Some CEOs believe their degrees propelled their success, while others found success without pursuing MBAs.

Although an MBA can strengthen a person’s weaker areas, there are other paths to business leadership. For many effective business leaders, a willingness to continue learning through authentic experiences and professional development opportunities allows them to reach their full potential