MBAS8 Non Profit V6 19/2/08 14:17 Page 3
Editorial
CSR & DIVERSITY
Global Grassroots is a non-profit organization dedicated to arming
marginalized communities (particularly women) with the tools to improve
their societies, many of which are labelled ‘post-conflict’. Founder and
director Gretchen Wallace made her inspiration reality after getting her MBA
from Tuck in 2001. “Starting up Global Grassroots would have been much
harder if I had not done an MBA”, she says. In Gretchen’s case, the ‘hard skills’
taught in business school were not only essential to founding her own
organization but were imperative to pass on to the next generation of social
entrepreneurs. “We teach the hard skills learnt in traditional MBA programs
to the people we work with, but we adapt them where people need to create
sustainable solutions within communities”, Gretchen explains.
If you are thinking about joining the non-profit sector but are constantly
telling yourself that you have bills to pay, think again. Loan forgiveness
policies for MBAs joining the public or non-profit sectors are popping up
everywhere. Stanford GSB gives graduates the opportunity to have 100%
of their student loans paid off if they take jobs in specific government or
non-profit organizations. Other business schools including Yale, Northwest-
ern, and the University of Chicago, offer similar incentives but with stricter
guidelines. The graduate’s salary must be no higher than $30,000 (USD) for
example (Stanford GSB is one school honouring this condition), and he or
she must take a job working for the government or a tax-exempt organization.
Some schools will require its loan forgiveness recipients to perform volunteer
work or take a job in a specific under-served community.
Integrating issues of social and environmental
stewardship
Planning your non-profit career will benefit from a bit of research, especially
if you want your MBA to provide background on socially or environmentally
beneficial ways of conducting business. Beyond Grey Pinstripes
(beyondgreypinstripes.org), run by The Aspen Institute and the World
Resources Institute, is a biennial survey and alternative way of ranking of
business schools. It has a mission to spotlight innovative full-time MBA programs
that are integrating issues of social and environmental stewardship into
If you are thinking about joining the non-profit sector in the future but curricula and research.
desire a broader business education, you will still find opportunities in The study, which lists the top 5 as Stanford in the USA, ESADE in Spain,
this realm. Organizations like MBA Non-profit Connection, link York (Schulich) in Canada, ITESM (EGADE) in Mexico and Notre Dame
business school graduates with employers in the non-profit or NGO sectors (Mendoza) also in the USA, indicates the level of seriousness with which
that are in need of strong MBA skills. business schools are addressing these
Because non-profit organizations don’t
“If you want to steer your career towards
issues. "In today's business climate,
traditionally attend the corporate
recruiting events that take place at
the non-profit sector, you will be happy
taking a leadership role on complex
global issues reflects a commitment
business schools, many future MBAs
to know that many business schools
to expand the limits of current
may underestimate the demand for research and teaching", says Meghan
their skills in this sector. Schools cater to your needs.” Chapple, Business Education
partnered with MBA Non-profit Con- Manager at the World Resources
nection include INSEAD and IESE in Europe, and Yale and Wharton in the Institute. "Stanford is one of only six schools that have reached a new frontier
US. 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
Growing interest in the non-profit sector relationship between business, society, and the environment".
Nunzio Quacquarelli, Managing Director of QS (the company behind Whether you plan to establish an environmental protection organization
the QS World MBA Tour, the world’s largest series of business school or a charity that promotes education in developing countries, an MBA could
information events), reports on the growing interest in the non-profit sector as prove fruitful in the success of your endeavour. The qualification doesn’t have
an option to MBAs. “There has definitely been an increase in the number of to be about corporate advancement (that is, if you don’t want it to be), but can
future MBA students looking to apply the leadership and management skills be about the advancement of people, places, knowledge and many other
taught in business schools to the non-profit sector”, he says. “And likewise, evolving entities.
there is a strong demand within the non-profit sector for leaders with
excellent business grounding to pave the way for potentially groundbreaking
developments within not-for-profit organizations”.
TopMBA CAREER GUIDE
www.topmba.com 31
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