Monday, April 3, 2006

Filling Your Knowledge Gaps Will Help You Get Ahead

Continued from Page 2

By Carol Hilderbrand

Money Follows EMBA Grads

If salary tells the tale, building a well-rounded array of business skills must count as a definite advantage. According to the annual benchmarking survey run by the Executive MBA Council, the mean salary of students entering EMBA programs was $84,800. The mean salary of students leaving those programs: $103,600.

Technology executives have even more reason than those working in other industries to beef up their business and managerial skills, says George Yip, associate dean of the London Business School. Technology itself mutates so fast that the typical technology company must constantly reinvent its business model to keep up. "The classic example is Dell," says Yip. "Their success isn’t built on selling innovative technology. They’ve done it by reinventing their business model every few years."

There’s another wrinkle to the technology management cloth, according to David Weber, director of the Management of Technology program at MIT in Cambridge, MA. Growing technology companies tend to acquire a lot of smaller technology firms that have developed bright new products. The result is that many executives have to learn skills that "bridge the entrepreneurial divide," Weber says.

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