MBA ROI Series: Soft Skill Benefits Associated With Getting Your MBA - Part One

“Across the board, I've grown in every measurable dimension. A large part of that is due to the behavioral science focused classes I've taken. They have introduced me to a significant amount of ‘soft’ skills, which I believe ultimately to be as, or more, valuable than many of the ’hard’ skill classes at Booth.” – Tristan Flannery

“Time management, networking, and group collaboration have been paramount in my MBA experience. Networking is key in recruiting for investment banking. Time management has been important since I'm co-chair of several clubs on campus and a teaching assistant. Group collaboration is interwoven from within all my experiences at Booth, no one is or should be alone during business school and that has made for an amazing experience.”  – Larry Ferguson Jr.

“Before Booth, I'd always thought of time management and prioritization as strengths of mine, but I never thought I'd be able to squeeze as much into a week as I do now. Booth has taught me to carefully consider each commitment I take on and ensure everything I commit to is personally or professionally meaningful to me, which has allowed me to squeeze more value out of each day.

A huge draw to Booth for me was the networking opportunity, and Booth has definitely delivered on that value. There's always an event going on, and I've already built such a strong network with fellow Boothies, alumni, and others who have all expanded my perspective.” – Jacquelyn Caldwell

“One of the great ways the MBA course work is structured is that you must work in teams and you must navigate disagreement while still developing a strong relationship with your team members. One great source of insight has been learning skills and strategies from really talented team members on how to have these conversations and put in the work up front to help teams succeed together.” – Douglas Hamilton

“Leaders often come across many difficult choices in their professional career or in their personal life. At Chicago Booth I learned and practiced how to leverage frameworks and tools to more deliberately approach decisions. Booth gave me an insight about how to make the best decisions during the uncertainties of the distant future.” – Dhimant Korant

“My Booth experience deeply enhanced my communication and interpersonal skills, which has helped me to create better relationships personally and professionally. My MBA experience has also exposed me to more diverse points of view, which has led to more creative problem solving and a more robust network.” – Tess Cross

“Classes such as Managerial Decision Making with Professor Christopher Hsee, helped me to be as objective as possible and not make assumptions, especially in management consulting where little information may be provided and there is limited interaction with clients. The data-driven, research oriented aspect of the class that was surely eye opening.

Building a positive relationship is possibly the most important aspect of the professional world, especially in professional services, where changing project teams happens often and working with different clients is frequent as well.”
– Joseph Kim

“One of the biggest takeaways for me has been using the Expected Value Calculation matrix framework to evaluate major decisions. In particular, understanding that adding placeholder values for weights is a good way to begin and gets you a better answer than just guessing without the matrix. This has applications not only to business decisions but life choices as well.

Another area of soft skills that has seen improvement is my decision making when framed against risk aversion and Prospect Theory. By understanding that the framing of a problem is a critical step, it has forced me to spend more time on that initial step and understand if there is bias introduced there. It also allows me to see through any ‘cloudiness’ in decision making that might arise from looking at it in the context of a loss versus gain.

These two major insights apply to my work as a leader and team member directly, as well as pairing it with economic concepts for consumer/market applications.”
– Gilbert Jimenez