P21-22 MBAS8 Contraversial.qxd 25/3/08 11:11 Page 2
Editorial
CAREERS
Corporate Social Responsibility not so many companies where you can get so close High salaries
In various guises, CSR (corporate social responsi- to making CSR part of your daily work, regardless However the high salaries afforded to qualified
bility), or CR, is beginning to form an essential part of what function or position you work in.” people in the defense industry, particularly to
of many big business schools’ curricula. Most are BAE Systems, which produces weapons for PhDs, equally suggests that the most qualified
embracing the movement towards increasing use against targets on land, sea and in the air, could people are not exactly queuing round the block
awareness of a company’s responsibilities to the not find anyone to comment about either their to work in companies whose business involves
communities and social network or environment CSR or their recruitment policy of MBA manufacturing arms used in conflicts that they
that they operate in. graduates. However, corporate responsibility is one may not agree with. There is much general
The website Beyond Grey opposition to the arms trade and there
Pinstripes – preparing MBAs
“The decisive factor for joining the company
have been several high profile
for social and environmental allegations of unethical practices and
stewardship, provides a ranking
has been its adherence to CSR principles”
dealings with unethical regimes.
of business schools around Could it be that an MBA graduate
schools that provide courses examines career choices: looks at
featuring social and environmental content. Rich of the main tabs on the BAE website, mentioning defense, oil and tobacco and decides that banking
Leimsider, Director of the Center for Business the word ‘responsible’ no fewer than six times in and consultancy, even though they are not just a
Education at the Aspen Institute in New York, says: ten lines. Regardless of an individual’s opinion on bed of roses either, might be a preferable lifestyle
“We know that there are thoughtful people in the arms industry as a whole, it is clear that BAE choice after all?
controversial industries such as defense and Systems want us to believe they are CSR-minded.
energy. These are people thinking about the
impact their organizations have on communities
and on the environment. Our hope is that people
from the schools we review, with a strong social
and environmental awareness, continue to go into
those kinds of industries.”
The study, which lists the top five as Stanford
(US), ESADE (Spain), York, Schulich (Canada),
ITESM, EGADE (Mexico) and Notre Dame,
Mendoza (US), indicates the level of seriousness
with which business schools are addressing CSR.
"In today's business climate, taking a leadership
role on complex global issues reflects a commit-
ment to expand the limits of current research and
teaching," said Meghan Chapple, business
education manager at the World Resources
Institute. "Stanford is one of only six schools that
have reached a new frontier of innovation on social
and environmental issues in business. This
institution is forging a path for tomorrow's business
education that will account for the relationship
between business, society, and the environment."
A tool to attract talent
Recruiters themselves are taking CSR seriously Table 1.
and are using it as a tool to attract talent. The
argument is that companies on the more Average reported salaries in EU and North America at different levels of higher education US$
contentious side of the industry, often with a
public image problem and more bad press than 4 yrs Exp Masters PhD MBA
good, arguably need CSR-savvy MBA graduates Consulting/Prof.services 72,129 65,121 77,415 99,154
more than others. It is here that such a graduate Media/Entertainment 53,637 46,927 63,745 97,295
can make the biggest difference and start Financial services/ Banking 66,231 62,937 73,002 93,515
imposing socially responsible leadership on the Pharma/Healthcare 68,182 71,287 72,346 89,671
company. Transportation 50,805 50,967 53,933 88,750
Rudi Kindts, Director of Human Resources FMCG 66,528 45,286 52,710 87,329
at BAT, says: “I know employees for whom the Manufact/Automotive 64,447 60,716 70,466 86,988
decisive factor for joining the company has been Aerospace/Defense 62,500 70,000 97,500 85,000
its adherence to CSR principles. Corporate social Energy 64,351 65,074 70,761 83,100
responsibility is a core part of how we do business. Telecoms/High tech 57,500 72,500 75,000 82,500
Because our products pose risks to health, we Public sector/Non-profit 66,478 66,478 73,188 82,398
believe it is all the more important that our Retail 56,326 63,541 72,388 79,833
business is managed responsibly. I think there are Source: QS International Recruiter Survey 2007
22 TopMBA CAREER GUIDE www.topmba.com
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