5 powerhouse entrepreneurs who earned their MBA
There are many paths to success, but some paths are straighter than others. A Master of Business Administration gives hopeful entrepreneurs the skills to take an idea, apply business theory and turn that idea into a successful company.
Here are seven examples of MBAs that used their graduate experience to change the world of business.
1. Michael Bloomberg, Former Mayor of New York
Some still refer to Michael Bloomberg as Mayor Bloomberg, while others refer to him as an entrepreneur or philanthropist. Bloomberg’s career has allowed him to wear a variety of hats, but his true passions are business and finance.
Bloomberg earned his MBA from Harvard Business School, and was hired in an entry-level position at Wall Street firm, Salomon Brothers. Today, he is using his MBA training as owner of Bloomberg LP, which has offices in 73 countries.
2. Philip H. Knight, Founder of Nike
When it comes to choosing MBA training, we’re sure Nike founder Philip H. Knight would say, “Just Do It.”
Nike was developed from a term paper that Knight was assigned during his time as an MBA candidate at Stanford University. Nike hit the $1 billion in sales mark in 1986, and has been a leading athletics retailer since.
3. Sheryl Sandberg, COO at Facebook
Sheryl Sandberg, Chief Operating Officer at Facebook, has so much more to offer than a great network. The “Lean In” author is also a former Vice President of Global Online Sales and Operations at Google and Chief of Staff for the United States Treasury Department. She is also in the business of demolishing the gender gap, using her MBA training as a role model for women’s rights. She founded the nonprofit organization “Lean In” to advance the pursuits of professional women.
Sandberg earned her MBA from Harvard Business School, and has been recognized as one of the “50 Most Powerful Women in Business” by Fortune and one of the “50 Women to Watch” by The Wall Street Journal.
4. John T. Chambers, Chairman and CEO at Cisco
John T. Chambers is often credited for leading Cisco to its massive level of success. In 1975, Chambers earned his MBA from Indiana University at Bloomington. He joined Cisco in 1991, after holding positions with IBM and Wang Computers, and within five years, the company’s revenue was ten times what it had been before his arrival.
Chambers has effectively used his MBA training to make massive changes to the products and services that Cisco offers, taking it from a router provider to a leader in audio, visual and written communications.
5. William R. Johnson, former Chairman, President, and CEO at H.J. Heinz Co.
William R. Johnson earned his MBA from the University of Texas, and used his MBA training to advance the mission of the H. J. Heinz Company for more than 30 years. Johnson joined the company in 1982 and worked his way up the ladder, becoming CEO in 1998.
Though he retired from Heinz in 2013, Johnson is still extremely active as Director of Emerson Electric Co. and United Parcel Service, Inc., and an Advisory Partner of Trian Fund Management, L.P., as well as an Operating Partner with private equity firm Advent International. In January 2015, it was announced that Johnson would join the board of directors for PepsiCo.