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The traditional MBA under the spotlight

What are employers really looking for in business school graduates? Do graduates today have what it takes to make waves in the workplace right from day one? Hult Labs, a research unit of Hult International Business School, decided to put business school curricula to the test by asking over 90 top executives what they were looking for in employees and how effective they found traditional business school education.

The traditional MBA under the spotlight

The 2012 study – the most comprehensive ever conducted – quizzed leading CEOs, senior executives, and hiring managers at 90 top companies around world.  Their feedback was unanimous: MBA graduates are rarely job-ready when they leave the classroom. 

What they don’t teach you at business school
Business education received poor grades in two key areas: interpersonal soft skills learning and practical, real-world experience.

Hard analytical skills are appreciated and problem-solving proficiency is vital for any successful MBA graduate. Yet, their impact in the workplace is limited without key interpersonal skills such as the ability to communicate clearly, motivate a team and resolve conflict.

Employers also want to hire graduates who can thrive in today’s fast-moving and inherently complex business world. The lack of emphasis on practical learning methods means graduates are not yet comfortable acting in uncertain environments and making sound decisions under pressure.

It’s little wonder that a study by the Corporate Executive Board (CEB) showed that on average, it takes new leaders nine months to get up to speed in a new job and 50 percent of first-time managers underperform in parallel with employee expectations.

The MBA that means business
Acting upon these findings, Hult International Business School has re-designed its curriculum to ensure it is equipping students with both the hard and interpersonal soft skills required of future business leaders.

Hult’s unique approach integrates soft-skill development and hands-on experience throughout all aspects of its MBA curriculum. With a belief that interpersonal soft skills are competencies that can be learned and improved through practice and constructive feedback, a professional skills development model has been developed. Through a series of regular and progressively more challenging competitive simulations and feedback processes, students focus on developing five competencies identified as key by employers; adaptive thinking, communication, relationships, teamwork and execution.

The new curriculum also reflects the value Hult sees in real-world practice as an essential component of any MBA curriculum. The Hult Impact Challenge is a team exercise, which has been integrated into the curriculum in order to hone practical as well as entrepreneurial skills, and allow students to customise their MBA experience by focusing on an area of personal or professional interest.

A truly international MBA experience
In today’s globalised business climate, an MBA graduate’s future career can take them anywhere in the world. With campuses in Boston, San Francisco, London, Dubai and Shanghai and a rotation center in New York, Hult enables students to capture a truly international experience on their professional journey.  Through their unique Global Rotation Program, students have the opportunity to select their home campus and then spend up to three months studying at two further campuses.

Hult also offers MBA students the chance to network with their classroom peers at an unprecedented graduation event in Davos, Switzerland. With up to 1,000 participants from all of the Hult campuses, the most international gathering of MBA students in the world offers the perfect opportunity to build a network of future international leaders. 

Hult International Business School
Over the past 50 years, Hult has grown to become the world’s largest graduate business school with 2,000 students of over 140 different nationalities studying for MBA, Executive MBA, Master and Bachelor degrees at locations across the world.

Learn more about the Hult MBA experience

For more information contact Pär Ekström:
Email: p[email protected] 
Phone: +41 786353134
LinkedIn XING

This article was produced by The Local and sponsored by Hult International Business School

ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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