In effect the MBA is capable of being a general manager with the potential to reach a position at board level. In some industries the MBA is now not so much a desirable attribute, but an essential qualification. Most notably this is the case in consulting and finance. To progress in these industries, not having an MBA is a huge disadvantage. In many companies it is not only a required qualification but they also have a limited list of schools from which they will recruit.
Surveys find that increasing numbers of finance directors are MBAs.
A glimpse at the Association of MBAs handbook of members shows MBAs in just about every conceivable area of employment. The popularity of the MBA with employers is that it is a recognised 'currency' in the human resources marketplace. Employers know the value of the qualification and what they should be able to expect from an MBA, irrespective as to whether they studied in North America, Europe or elsewhere. They also recognise the commitment shown by MBAs in investing heavily in their careers. Such candidates are likely to be dynamic self-starters who will be an asset to any organisation.