Professional Documents
Culture Documents
BACKGROUND
Net Impact is an international nonprofit organization whose mission is to make a positive impact on
society by growing and strengthening a community of new leaders who use business to improve the
world. We offer a portfolio of programs to educate, equip, and inspire more than 10,000 members to
make a tangible difference in their universities, organizations, and communities.
Net Impact conducted a survey in October, 2006, to measure the attitudes and perspectives of MBA
students on the relationship between business and social / environmental concerns. Our goal was to get
a representative sample of MBAs to address questions related to business graduate education, career
goals, and the role of companies in society. The 31 question survey included demographic questions;
career history and aspirations; the role for business school education in preparing values-based leaders;
and general questions on the role business should play in addressing social and environmental concerns.
Our goal is to repeat the survey over time to measure changes in perspectives, as well as to compare the
1
MBA answers with those of college students and other populations.
EXECUTIVE SUMMARY
There were 2,113 current MBA students who answered the survey, representing 87 different graduate
business programs. Most of the students surveyed are currently based in the U.S. or Canada (82%). 37%
of the survey respondents indicated a current affiliation with Net Impact.
Across all demographics, the majority of students tells us that social and environmental issues should be
important considerations for business schools, career goals, and the private sector in general. In terms of
their MBA education, 78% of those surveyed agree that corporate social responsibility is a topic that
should be integrated into core curriculum classes at MBA programs. Seventy percent agree that business
schools should place more emphasis on training socially and environmentally responsible individuals than
they currently do. Only 9% of students say they do not want to learn more about corporate responsibility
during their business school education.
Overall, 79% of students say they will seek socially responsible employment at some point during their
careers; 59% say they will do so immediately following business school. The majority of respondents
1
A similar survey was conducted among undergraduate students in January 2007.
MBA Perspectives 1
Net Impact, Spring 2007
(63%) would prefer to work in medium to large business after the MBA degree; this number drops to 33%
when asked about goals for five to ten years after graduation.
In terms of general perspectives on business, 81% of students surveyed believe companies should try to
work toward the betterment of society, while 18% think most companies are pursuing that goal currently.
Nine out of ten respondents say that business leaders should factor social and environmental effects into
their business decisions, with 60% believing that this approach can be profitable.
Of the survey respondents, 63% are not affiliated with Net Impact. Of this group, 38% say they would like
to learn more about the organization, and 25% say they are not interested in learning more or joining.
Even of the segment without any interest in Net Impact, the majority agree with the opinions stated
above. For example, 60% of students with no interest in Net Impact agree that they will seek employment
that is socially responsible during their career, 64% agree that corporate social responsibility should be
integrated into core curriculum in MBA classes, and two-thirds (67%) believe that business should work
towards the betterment of society.
The implications of this study are especially important for business school programs and employers. The
survey results show that students today are interested in examining the social implications of business
during their MBA programs. Universities should consider adding corporate responsibility and related
topics to core and elective courses, as well as supporting relevant activities such as a speakers series
and case competitions. In addition, employers can benefit from addressing more social responsibility
issues in their workplaces, and by communicating their values to potential hires. This may be especially
true for medium to large companies: one in two MBAs who plan to enter the corporate sector immediately
following graduation say they plan to stop working for larger companies after five to ten years. Those that
plan to leave the corporate sector are more likely to say they want a socially responsible career than
those who plan to stay. This indicates that companies might have an opportunity to retain more
employees if they can place more emphasis on corporate responsibility.
Of all demographic segments examined, the most varied perspectives were observed when segmenting
the data by gender. Women are more interested in learning about almost all surveyed topics than men,
and are significantly more likely to seek socially responsible employment. As an underrepresented
segment in both MBA programs and in the corporate workforce, women are an important demographic for
employers to recruit and retain - emphasizing corporate responsibility and related themes may be a key
way to do so.
MBA Perspectives 2
Net Impact, Spring 2007
METHODOLOGY
PROCESS
The findings presented here are taken from a survey conducted between September 25 and October 15,
2006. During that time, 2,112 current MBA students responded to an online questionnaire, which
consisted of 30 multiple-choice Likert-scale questions, plus one open-ended question to allow for further
qualification of answers (see Appendix C). Announcements for the online survey were sent to Net Impact
club leaders at 100 MBA programs, asking them to send the survey to their student body email list (see
Appendix D).
In total:
Participants answered questions about the relationship between business and broader social and
environmental issues. The survey focused on three key areas:
For the purposes of this report, we combine Agree and Strongly Agree into Net Agree when speaking of
students who agree with a statement. Net Disagree includes those respondents who Disagree and
Strongly Disagree.
MBA Perspectives 3
Net Impact, Spring 2007
STATISTICAL TESTING
Where appropriate, proportions testing was utilized to measure differences between groups of
respondents in our study.
or
A confidence interval of 95% was used, which indicates that we maintain 95%+ certainty that the
responses of two groups being compared are meaningfully different if we are to label these
differences as statistically significant findings.
MBA Perspectives 4
Net Impact, Spring 2007
STUDY POPULATION
The figures in this section provide a snapshot of the population of respondents in this study. As figure 1
2 st
indicates, the majority of participants (56%) is male . The majority of respondents (70%) were 1 year
students [Figure 2] and enrolled in a full-time MBA program (87%) [Figure 3].
Fourth
1% Fifth
Third 1%
2%
Female
44%
Second
26%
First
Male
70%
56%
Figure 1: Gender
Figure 2: Program Year
Native American/
Multi-racial Alaska Native
Part-time 3% 0%
13%
African
Asian American/
19% Black
3%
Hispanic,
non-White
White, 2%
not Hispanic Hispanic,
Full-time 66% White
87% 7%
2
According to GMAC data, males represent 70% of MBA students globally
MBA Perspectives 5
Net Impact, Spring 2007
The majority of participants (66%) were Caucasian [Figure 4]; our study population is more diverse than
the U.S. business school population, which is 85% Caucasian. Perhaps not surprisingly, given that the
survey questionnaire was available only in English and that the announcements for the survey were
posted to mailing lists primarily in American universities, 85% of the respondents reported that they lived
in the United States. 37% of respondents are currently Net Impact members; 38% would consider or like
to learn more about Net Impact; and 25% are not interested in joining [Figure 5]. Finally, prior or
concurrent to enrolling in their MBA program, 14% of respondents had nonprofit work experience; 8% had
public sector and 76% had private sector work experience [Figure 6].
No work
experience
Single person
2%
business
1%
Public
Not Small Nonprofit Sector
interested Yes business 14% 8%
25% 37% 17%
MBA Perspectives 6
Net Impact, Spring 2007
DETAILED FINDINGS
Overall
Career
Most students plan to look for socially responsible employment at some point in their careers, and many
intend to look beyond medium and large corporations, which are the more traditional MBA employers.
Close to eight in ten respondents (79%) indicate that they will seek socially responsible employment
during the course of their careers, while 59% say they will seek such work immediately after graduating
from business school.
MBA Perspectives 7
Net Impact, Spring 2007
Q: Five to ten years after you received your MBA degree, Response
which employment site would you prefer at that time? Percent
Nonprofit Organization 12.9%
Public sector – municipal, state, federal 4.5%
Medium to large business (100+ employees) 33.2%
Small business (under 100 employees) 26.3%
Single person business (no employees) 1.8%
I am not sure at this point 21.3%
Total respondents 2114
Curriculum
Most students think that social and environmental topics should be integrated into the business school
curriculum. Seventy-eight percent of students agree that the subject of corporate social responsibility
(CSR) should be integrated into the MBA core curriculum, and 71% agree that business schools should
place more emphasis on training socially and environmentally responsible individuals than they currently
do.
Q: Please indicate whether or not you would like to learn more about any of the
following concepts while you are pursuing your MBA.
Yes Possibly No
Corporate Social Responsibility 63% (1309) 28% (582) 9% (197)
Environmental Sustainability 57% (1185) 31% (655) 12% (245)
Nonprofits 47% (969) 35% (721) 19% (392)
Social Entrepreneurship 59% (1226) 31% (653) 10% (209)
Microfinance 53% (1099) 34% (717) 13% (266)
Renewable Energy 54% (1118) 33% (679) 14% (286)
International Development 67% (1402) 26% (536) 7% (153)
Total respondents 2105
MBA Perspectives 8
Net Impact, Spring 2007
Q: Business schools should place more emphasis on training
Response
socially and environmentally responsible individuals than they
Percent
currently do.
Disagree (Net) 8.7%
Neutral/No Opinion 20.8%
Agree (Net) 70.5%
Total respondents 1907
Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree
and strongly disagree
MBA Perspectives 9
Net Impact, Spring 2007
Q: I believe that most corporations are currently working Response
towards the betterment of society. Percent
Disagree (Net) 51.8%
Neutral/No Opinion 30%
Agree (Net) 18.2%
Total respondents 1907
Net Agree includes those who agree and strongly agree. Net Disagree includes those who
disagree and strongly disagree
MBA Perspectives 10
Net Impact, Spring 2007
Differences by MBA segment
Please see tables in Appendix A for more detail on the statistics below. Findings are statistically
significant, unless otherwise indicated.
Gender
Forty-five percent of survey respondents identified themselves as female. Findings suggest that women
are more likely than men to seek socially responsible careers.
Nearly 87% of female (compared with 73% of male) students polled want to find socially
responsible employment at some point in their careers
86% of female (compared with 71% of male) students agree that classes in corporate social
responsibility should be part of the core curriculum in MBA programs
87% of female (compared with 71% of male) respondents say companies should try to work
toward the betterment of society
Political Affiliation
Among MBA students polled, 44% identified themselves as Democratic, 31% as Independent, and 25%
as Republican. Findings suggest that Democratic students are more likely than Republican students to
seek socially responsible careers.
86% of Democratic (compared with 68% of Republican) students polled want to find socially
responsible employment at some point in their careers
87% of Democratic (compared with 70% of Republican) students agree that the subject of
corporate social responsibility should be integrated into the MBA core curriculum
86% of Democratic (compared with 65% of Republican) respondents agree with the statement
that businesses should work towards the betterment of society
Career History
We compared students whose last job was in the nonprofit or public sector with those who previously
worked in a medium to large corporation.
Respondents whose last job was in the nonprofit or public sector are more likely than
respondents who previously worked in a medium to large business to agree that during their
career they will seek employment that is socially responsible (90% vs. 75%)
Respondents whose last job was in the nonprofit or public sector are also more likely to agree
that classes in corporate social responsibility should be part of the core curriculum in MBA
programs (82% vs. 76%)
They are also more likely to agree that businesses should work towards the betterment of
society (84% vs. 80%)
MBA Perspectives 11
Net Impact, Spring 2007
Career Plans
We compared the responses of students who agree that they intend to seek socially responsible
employment during their careers with those who disagree.
There are no significant differences between these groups in terms of whether they believe that
graduate business schools are preparing students to lead business towards the betterment of
society
However, students who say that they will seek socially responsible employment are significantly
more likely to agree that corporate social responsibility should be integrated into the MBA core
curriculum as opposed to those who disagree or are neutral about seeking socially responsible
employment (85% vs. 51%)
Students who say that they will seek socially responsible employment are also more likely to
believe that businesses should work towards the betterment of society (87% vs. 56%)
Of the students who say that they will seek socially responsible employment 8% prefer to work
in a nonprofit organization immediately after receiving their MBA, 3% prefer to work in the
public sector, 58% prefer a medium to large business, and 15% prefer a small business
Of the students who say they will not seek socially responsible employment, 82% prefer a
medium to large business, 8% prefer a small business, 1% prefer to work in a nonprofit
organization and 0% prefer to work in the public sector immediately after receiving their MBA
We analyzed differences between students who plan to work with a medium to large corporation long
term (5 years or more) with those who intend to shift careers to small business, nonprofit, government, or
entrepreneurial endeavors.
Students who prefer to stay with a medium or large company after five years are less likely to
say that during their career, they will seek employment that is socially responsible (69% vs.
81%)
Students who prefer to stay with a medium or large company are also less likely to believe that
businesses should work towards the betterment of society (76% vs. 83%)
However, there is no statistically significant difference between these groups in their agreement
that corporate social responsibility is a topic which should be integrated into the MBA core
curriculum (73% vs. 75%)
polled want to find socially responsible employment at some point in their careers
3
Here we refer to non-members who are not interested in joining Net Impact.
MBA Perspectives 12
Net Impact, Spring 2007
87% of Net Impact member students (compared with 64% of the general MBA population)
agree that the subject of corporate social responsibility should be integrated into the MBA core
curriculum
89% of Net Impact member respondents (compared with 67% of the general MBA population)
agree with the statement that businesses should work towards the betterment of society
MBA Perspectives 13
Net Impact, Spring 2007
APPENDIX
Appendix A: Overall
Gender
MBA Perspectives 14
Net Impact, Spring 2007
Political Affiliation
Career History
MBA Perspectives 15
Net Impact, Spring 2007
Prior (or concurrent) to enrolling in the MBA program,
Corporate Social which of the following BEST describes your work
Responsibility is a STATISTICAL
experience?
topic that should be SIGNIFICANCE
NONPROFIT/PUBLIC MEDIUM TO LARGE
integrated into core SECTOR BUSINESS
curriculum classes at
MBA programs. FREQ. TOTAL % FREQ. TOTAL % AT 95%
Career Plans
MBA Perspectives 16
Net Impact, Spring 2007
Corporate Social During my employment career, I will seek employment
STATISTICAL
Responsibility is a that is socially responsible.
SIGNIFICANCE
topic that should be YES NO
integrated into core
curriculum classes at FREQ. TOTAL % FREQ. TOTAL % AT 95%
MBA programs.
Disagree (Net) 97 1510 6% 83 397 21% YES
Neutral/No Opinion 136 1510 9% 111 397 28% YES
Agree (Net) 1277 1510 85% 203 397 51% YES
Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly
disagree.
MBA Perspectives 17
Net Impact, Spring 2007
Respondents who immediately after MBA will work in
a medium to large enterprise, and then 5 years later
Corporate Social either SHIFT career paths and work in a nonprofit,
Responsibility is a STATISTICAL
small or single person business, or in the public
topic that should be SIGNIFICANCE
sector, or whether they will STAY and work in a
integrated into core medium to large enterprise
curriculum classes at SHIFT STAY
MBA programs.
FREQ. TOTAL % FREQ. TOTAL % AT 95%
MBA Perspectives 18
Net Impact, Spring 2007
Corporate Social Are you a Net Impact member?
STATISTICAL
Responsibility is a NO, I am not interested in
YES SIGNIFICANCE
topic that should be joining.
integrated into core
curriculum classes at FREQ. TOTAL % FREQ. TOTAL % AT 95%
MBA programs.
Disagree (Net) 54 746 7% 69 438 16% YES
Neutral/No Opinion 46 746 6% 88 438 20% YES
Agree (Net) 646 746 87% 281 438 64% YES
Net Agree includes those who agree and strongly agree. Net Disagree includes those who disagree and strongly
disagree.
MBA Perspectives 19
Net Impact, Spring 2007
Appendix B: Knowledge ratings4
Q: Please rate your general knowledge today about each of the following categories.
First year MBA Second year
Overall Male Female
Category student MBA student
(N = 2109) (N = 1033) (N = 829)
(N = 1467) (N = 549)
Corporate Social
3.32 3.32 3.36 3.24 3.50
Responsibility
Environmental
3.08 3.21 2.98 3.01 3.22
Sustainability
Nonprofits 3.01 2.85 3.28 2.95 3.13
Social Entrepreneurship 2.77 2.74 2.87 2.72 2.92
Microfinance 2.42 2.49 2.34 2.35 2.60
Renewable Energy 2.77 3.03 2.50 2.74 2.80
International
2.93 3.00 2.88 2.87 3.07
Development
Scale: 1 = very low; 2 = moderately low; 3 = moderate; 4 = moderately high; 5 = high
Q: Please indicate whether you would like to learn more about any of the concepts while you are pursuing
your MBA.
Overall Male Female First year MBA Second year MBA
Category
(N = 2105) (N = 1033) (N = 829) student (N = 1464) student (N = 548)
YES NO YES NO YES NO YES NO YES NO
Corporate Social
63% 9% 56% 11% 73% 6% 64% 9% 59% 11%
Responsibility
Environmental
57% 12% 55% 13% 62% 9% 57% 12% 56% 12%
Sustainability
Nonprofits 47% 19% 39% 23% 59% 12% 48% 18% 44% 21%
Social
59% 10% 55% 12% 67% 6% 61% 9% 55% 12%
Entrepreneurship
Microfinance 53% 13% 53% 13% 55% 13% 54% 12% 51% 13%
Renewable
54% 14% 59% 12% 50% 15% 53% 12% 56% 13%
Energy
International
67% 7% 64% 8% 72% 5% 67% 12% 65% 7%
Development
The percentage not shown is Possibly
4
Note: these have not been tested for statistical significance.
MBA Perspectives 20
Net Impact, Spring 2007
Appendix C: Online Survey Form
New Semester, New Perspectives: The Net Impact Survey of MBA Student Opinions on Business and
Society
Net Impact is embarking on a multi-year, longitudinal study of MBA students. Results will be shared with
the media and broader public to demonstrate how current MBA students view the relationship between
business and broader social and environmental concerns. Our goal is to conduct this survey annually to
determine how MBA perspectives change over time.
Please note: ONLY CURRENT MBA STUDENTS should participate in this survey. Thank you.
1. For how many years have you been enrolled in your MBA program?
1
2
3
4
5
5. Prior (or concurrent) to enrolling in the MBA program, which of the following BEST describes your
work experience?
Nonprofit organization
Public sector - municipal, state, federal
Medium to large business (100+ employees)
Small business (under 100 employees)
Single person business - no employees
No work experience to date
6. Immediately after you receive your MBA degree, which employment site do you most prefer to
work in?
Nonprofit organization
Public sector - municipal, state, federal
Medium to large business (100+ employees)
Small business (under 100 employees)
Single person business - no employees
No work experience to date
7. Five to ten years after you received your MBA degree, which employment site would you prefer at
that time?
Nonprofit organization
Public sector - municipal, state, federal
Medium to large business (100+ employees)
Small business (under 100 employees)
MBA Perspectives 21
Net Impact, Spring 2007
Single person business - no employees
No work experience to date
8. Please rate your general knowledge today about each of the following categories.
Corporate Social Responsibility
Environmental Sustainability
Nonprofits
Social Entrepreneurship
Microfinance
Renewable Energy
International Development
9. Please indicate whether or not you would like to learn more about any of the concepts while you
are pursuing your MBA.
Corporate Social Responsibility
Environmental Sustainability
Nonprofits
Social Entrepreneurship
Microfinance
Renewable Energy
International Development
10. Corporate Social Responsibility is a topic that should be integrated into core curriculum classes at
MBA programs.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
11. Business schools should place more emphasis on training socially and environmentally
responsible individuals than they currently do.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
12. I believe that graduate business schools are currently preparing students to lead businesses to
work towards the betterment of society.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
13. I am (or plan to be) a leader in a club or activity at the business school that emphasizes CSR,
nonprofits, or other social/environmental benefits.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
14. Immediately following business school, I plan to focus on securing a job that is socially
responsible.
Strongly disagree
MBA Perspectives 22
Net Impact, Spring 2007
Disagree
Neutral/ No opinion
Agree
Strongly agree
15. During my employment career, I will seek employment that is socially responsible.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
16. I believe that businesses should work towards the betterment of society [such as a healthier
environment, the eradication of poverty, and other societal issues].
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
17. I believe that most corporations are currently working towards the betterment of society.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
18. Business professionals should take into account social and environmental impacts when making
business decisions.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
19. The for-profit sector should play a role in addressing social and environmental issues.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
20. Corporate Social Responsibility makes good business sense because it leads to financial profits.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
21. Corporate Social Responsibility is the "right" thing for companies to do.
Strongly disagree
Disagree
Neutral/ No opinion
Agree
Strongly agree
22. Please comment about the relationship between business and society (optional).
MBA Perspectives 23
Net Impact, Spring 2007
23. Please enter your email to win a chance for a $100 gift certificate to the online merchant of your
choice.
29. If you are an American citizen, are you currently registered to vote?
Yes
No
31. How often do you vote in presidential, statewide, and local elections?
Always
Sometimes
Rarely
Never
MBA Perspectives 24
Net Impact, Spring 2007
Appendix D: Schools Surveyed
MBA Perspectives 26
Net Impact, Spring 2007
Appendix E: Respondent Quotes
“The key business role is to develop society, not profits.”
“Businesses contribute to society if they respect shareholders’ rights and interest. Other than that, it is a
waste of time and money.”
“Businesses that cross boundaries and borders have the opportunity to make social change in a way that
government simply cannot.”
“My initial impression is that promoting CSR is an attempt to impose liberal policies and politics on
corporations and employees. To the extent that is the case, I think CSR promotion would be an economic
and moral disaster.”
“Even if CSR has no effect on profits, [businesses] should do it because it's the right thing to do.”
“The word on the street is that this is the only planet currently capable of supporting human life. Any
venture that does not actively address this reality should be taxed accordingly.”
“Markets are powerful enough to allocate capital in the best interest of humanity.”
“While doing business, society should be taken care of but it need not go hand in hand. Business is all
about making profits and considering society at every stage might not be fruitful for the end result-profit.”
“It should not be a business school’s responsibility to educate or make people more responsible. This
should have been done by society and the family decades prior to students undertaking a MBA.”
“Business owes its foundation to an advancing society and thus needs to invest in that advancement.”
“There is a fine line between simply doing good, and making a positive impact on the triple bottom line. It
is the latter that many businesses fail to recognize.”
“After working in the nonprofit sector for a couple of years, I have determined that the majority of
nonprofits lack the efficiency and expertise to address social problems in an efficient manner. Business is
the most nimble and capable of the sectors in the US economy.. .therefore, business approaches to
solving social problems will be the most capable and practical.”
“The purpose of a company should be to promote and enhance the community in which it resides and
society in general. Companies who focus more on earnings and less on social responsibility are
counterproductive to this aim.”
“Businesses benefit from society in general and therefore are not only "responsible" but also morally
obligated to reciprocate a return on society's investments.”
“CSR gives businesses an excuse not to integrate environmental and social concerns into their core
business strategies. As long as these issues are considered only as a way of livening up a company's
annual report, they will never fundamentally change their business practices.”
“Businesses help set the standard for socially responsible practices and lead governments in forming the
right policies for regulation.”
MBA Perspectives 27
Net Impact, Spring 2007
ACKNOWLEDGEMENTS
Net Impact would like to thank all students and administrators who helped to distribute this survey to their
student body. We would also like to thank two interns who contributed to this analysis: Sara Martinez and
Andrea Schuenke. Finally, a big thank you to member Katerina Tsasis who volunteered her time and
expertise to help our statistical analysis and reporting.
MBA Perspectives 28
Net Impact, Spring 2007