You do not need an MBA to be a millionaire, nor to be the CEO of a large multinational
The Master of Business Administration (MBA) is the most coveted degree in the business world.Each year, thousands of students throughout the planet spend a monet to pursue the most prestigious business schools.The most expensive in the United States is that of Wharton School at the University of Pennsylvania (162.000 dollars), while in Europe that of Spanish institutions IESE and IE Business School cost 90.000 and 72.200 euros, respectively.
This is a program that gives a 360º vision of companies when addressing all areas that make up the management of a business, such as equipment, finance or marketing administration.But its high price makes it a program within reach of a few and it is not an indispensable requirement to reach the top in the business world.To have an idea, only 32 of the hundred best CEOs of 2018 had an MBA, according to a study by Harvard Business Review.
In 2018, the best valued CEO was Pablo Isla, from Inditex.And no, it does not have a MBA in a prestigious business school.Like so many others, Isla studied Law at the Complutense University and then the opposition of State Attorney was taken.He worked for a while in Banco Popular until in 2005 he was named CEO of the textile giant based in Arteixo.Since then until today, Inditex shares have gone from worth 5 to 29 euros.
Interestingly, Amancio Ortega - Inditex's founder and majority shareholder - was not spent 90.000 euros in an MBA.In his case, he did not need more studies than those of primary education to create his empire.Ortega started with a bathrobe factory in the sixties, to later open Zara's first store in A Coruña in 1975.Did not found Inditex until 1985.
Jensen Huang and Bernard Arnault, the second and third CEO best valued by Harvard Business Review in 2018, also did not study a business master to reach the top.Huang studied a master's degree in electronic engineering at Stanford University and in 1993 his company co -founded: Nvida.With only 30 years, he was appointed CEO and president of the company that has become a world leader in the manufacture of integrated circuits and graphics cards.
It is one of the best paid ceos in the world and has a fortune of 18.900 million dollars, according to the Bloomberg Millionaire Index.Meanwhile, Nvidia shares have cost just $ 0.41 in January 1999 to be around $ 199.
