LBS to Offer a Full-Fee Sloan Masters Scholarship

Not long ago, an MBA degree was regarded by many people as a passport to a lucrative professional job in a field such as investment banking or strategy consulting. While many students still pursue these career paths, a growing portion of them are looking for purpose as well as profit in their jobs.  In fact, making a positive social or environmental impact has overtaken pay and other perks as the top reasons MBA students pursue their career, according to an often-cited survey by Bain & Company, which, ironically, is a consultancy firm.  Curriculum changes are underway as business schools respond to the corporate social responsibility (CSR) revolution. Schools have been criticized for their apparent role in the global financial crisis and for focusing too heavily on maximizing shareholder return. Today many top MBA programs include an impact-related module, such as impact investing or social entrepreneurship.  The career opportunities in this field have flourished. CSR was previously something many companies merely paid lip service to, but they are making “impact” a fundamental piece of their business plans. There are now 2,655 certified “B Corporations”, or firms that verify their high social and environmental performance, across 150 industries and 60 countries, including the ice cream maker Ben & Jerry’s and the social media company Hootsuite.  Picking the right program, however, is crucial. So we’ve ranked the best MBAs for social or environmental impact, below. 

If you’ve scored 640 on the GMAT, by many indications, you have done well. A 640 on the GMAT means that you have outscored the majority of test-takers, coming in at the 68th percentile. This bodes well if you are interested in applying to a decent MBA program.

MBA programs in social entrepreneurship help students create and manage businesses to create social change. Here's a list of the top 10 best MBA programs for CSR.

For MBA students, who you know can be as important as what you know.