Some 93% of MBAs said they wanted to be “competitively or intellectually challenged” in their first job — a significant insight into how MBA recruiters should be portraying and messaging their companies. After that, 71% said they wanted to have a “secure and stable job”; more than half (58%) said they wanted to “lead or manage a team” in their first role. And 52% said they wanted to feel their work is “serving the greater good.”
Interestingly, just 13% said they wanted to “become wealthy” in their first job. ...
Within 10 years of finishing an MBA, though, a lot changes. Becoming wealthy jumps from 13% to 57% and ranks as the most important career goal. The second-most popular goal, at 51%, is being “seen as a technical or functional expert” in a field. Remarkably, being “competitively and intellectually challenged” drops from 93% to 5%. Meanwhile, having a secure and stable job drops from 71% to 18%, and starting a company zooms from 5% to 29%.
Not surprisingly, by career’s end, holding a C-suite position is the most popular important goal, with 48% of MBAs indicating they want to do so. Serving on a company or nonprofit board becomes the second-most important goal at 36%. Some intriguing, albeit obvious, trends surface across all three time frames. Achieving a healthy work-life balance drops from 48% at the beginning of a career to 41% within 10 years, then to 6% in the “before I retire” prompt. Being competitively and intellectually challenged plunges from 93% to 5% to 1% across a career; similarly, feeling that one’s work is serving a greater good drops from 52% at the beginning of a career to 26%, and then to 14%.
--Nathan Allan, Poets and Quants, on some depressing trends