Most of us study an MBA to advance our careers. In support of this, there is a common belief that directors are likely to have MBA degrees. But is this true? The SA Institute of Chartered Accountants (SAICA) recently conducted an interesting survey that revealed otherwise.
SAICA’s survey found that about a third of the chief executives of the 194 top listed companies on the Johannesburg Stock Exchange are chartered accountants. SAICA completed a comprehensive update of the JSE’s database of directorships which showed that 32% of CEOs and a further 32%, or 692, of directors at the top listings were qualified CAs.
In contrast, only 9.8% of board directors held an MBA.
Why do you think this is so much lower than expected? Share your thoughts.
For the full article, click here. Thanks to MBAconnect.net member Dylan Allison for sharing this article.