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Does a Sales Pro Need an MBA?

October 18th, 2007 @ 9:46 am

4 Comments

Categories: General, Sales Tips

Tags: MBA, Sales Strategy, Sales, Geoffrey James

BNET just published my three-section critique of MBA programs. (You can find it HERE.) Those articles are important for sales pros because they identify what MBA degrees aren’t: a way transform novices into managers. Even so, its important for sales pros to realize that the real subject matter of an MBA — the general theory and practice of business and accounting — is useful information for a B2B sales professional.

Without hammering what everyone already knows is true, B2B selling today is highly consultative. To be effective, sales pros must be able to convince customers that they clarify business problems and devise solutions that customized for an individual company and industry. The kind of general business knowledge taught in an MBA program provides a background for that problem-seeking and solution-building process. An MBA also raises the profile of the sales professional to the prospect, so that it’s easier to meet with executives on a peer-to-peer basis.

Several leaders in the sales training field, most notably Linda Richardson (founder of Richardson) and Howard Stevens (CEO of The Chally Group) are heavily involved with MBA programs at leading universities and with adding sales training to the curriculum. Based upon what they’ve told me, they both think that sales pros benefit from having an MBA. However, they are also both critical of MBA programs in general, the vast majority of which included no courses on selling. That’s a weird and enormous omission, considering that Sales is the most important function inside every company in the world.

Now that I’ve cleared that up, I have a request. The three article package on MBAs was originally a four article package. The fourth article was a critique on the world’s most famous Harvard MBA degree: the one held by President George W. Bush. Unfortunately, that article didn’t fit with the rest of package. However, here’s my request.

If you want read the article commenting on Bush’s reputation as the holder of an MBA, click the “thumbs up” button at the top of the page.

If the number of clicks gets high enough, I’ll post the article on this blog, even though it’s off-topic.

Photo courtesy of the White House.

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  •  
    1

    oakye

    10/18/07 | Report as spam

    Life lessons

    Agreed that sales knowledge is sorely lacking in the top MBA programs around the country, though the best way to learn is by carrying a bag... Maybe some course that is heavily project-focused (with a publicly displayed leaderboard) is key. They would eat up the Customer-Centric or Solution Selling frameworks. At the same time, the course / project would have to mimic the same intensity/pressure of not making that key sale that you need to make your quota (and be the hero, not get fired, make that down payment, make it to the President's Club, etc.).

    Some MBAs may feel that they don't need to know sales, but they are missing out on learning hugely applicable frameworks that they could apply to several parts of their more traditional MBA lives, like pitching for funding, getting the emotional intelligence to understand the real influencers & decision makers in play, getting buy-in from multiple constituents, closing, etc etc.

  •  
    2

    Geoffrey James, Sales Machine

    10/19/07 | Report as spam

    MBA in Sales

    Good suggestions. It does seem awfully strange, though, that MBA training doesn't require at least some courses in sales. After all, some elements of sales are quantitative (like measuring sales process), some are technological (SFA, CRM, proper usage of same), and some are psychological (relationship-building, etc.). You'd think that programs that are willing to deal with such ephemeral concepts as "leadership" and "entrepreneurism" could bother to spend some time on the single most important activity that takes place inside every organization. The omission is so huge that it's bizarre.

  •  
    3

    wlopez62@...

    11/01/07 | Report as spam

    RE: Does a Sales Pro Need an MBA?

    Yes an MBA helps , just like having an IQ helps
    Look we mystified sales to end ,but since the first days of trading .
    things have not changed much
    Companies buy because they have a need and you present and value/fulfillment of that need
    Wow this requires SIGMA / solution selling and all that other stuff
    that in the long run is just about common sense and hard work

  •  
    4

    gjlucas

    08/18/09 | Report as spam

    EMBA with Sales and Sales Leadership Track

    After a career selling B2B and an MBA that paid no attnetion to sales, I have accreditation for an online EMBA with a Sales track.

    It can be customized for B2B companies: more career proifts from sales leaders and faster and more profitable changes to solution selling or different products.

    I'll be the leader and professor: I've sold outsourcing when the idea was new, telecom services, computers and management consulting and have a PhD in management.

    I'm the type who likes to change things. Right now, I'm looking for B2B sales executives who want a custom EMBA concentrating on Sales, or distribution partners wh want an EMBA for their clients.

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