The MBA of the future would not be made up of a series of classes as it is today. Instead, in order to graduate with an MBA, students would be required to complete a series of projects, some of short duration and others longer. Each project would focus on teaching students a particular set of skills, giving them first hand experience and the ability to work in a variety of different situations.
First the projects would be divided by the student’s responsibility within the project. For one they would be the lead and would have to find other students to work with them while on another they would need to be part of someone else’s team. They would have an independent project and one done with a partner. They would also have a research project to be completed with a faculty member.
The projects would have to be completed with a range of different stakeholder groups including government, NGOs, international organizations and various types of business, both small/local and large/international. This will give students a better understanding of the different stakeholders that impact and are affected by the business sector. Where possible, they will also take place in different locations around the world.
Lastly projects would focus on a variety of different themes. In one the student would need to start a new business/create a new product or service. In other projects they would work on teams that already exist and are on-going. The school would have a list of projects that students could get engaged in. This would be based on real challenges that individual businesses are facing, the business sector as a whole is facing or even the international community is facing.
In order to support students during these projects, faculty would act as advisors, available to help students with different skills they need to help complete their projects, whether that is finance, team management or communication skills. There would be regularly scheduled short workshops on different topics to help prepare students who are about to start new projects or interested in developing certain skills.
Students would be marked based on the work they do on their projects, how they are completed, reviews form their peers, their ability to learn, take risks and adapt. Students would graduate once they have completed the full set of projects (within a pre-determined time period). By the time students have completed the list of required projects they should have all the skills necessary, and a lot of first hand experience, to work in any organization and in that time have made some interesting and meaningful contributions to their communities.