Is Extended Parental Leave More Valuable Than an MBA?

A new perspective on skill acquisition

Is Extended Parental Leave  More Valuable Than an MBA?

A New Perspective on Skill Acquisition

In a world where traditional education is often hailed as the golden ticket to success, it's time to shift our focus to the less conventional avenues of skill acquisition. 

Could it be that my extended parental leave is worth more than your MBA?

Let’s take a quick look at the papers for an MBA and compare with parental leave learnings:

MBA Skill Emphasis Parental Leave Relevance
Data Science for Managers (DSM) Equips managers with data-driven insights for effective decision-making Develops analytical skills crucial for managing family dynamics and making informed decisions for the well-being of the family.
Finance 1 Understanding the role of finance in creating value for a firm. Applies financial principles to manage household resources, budgeting, and making financial decisions for the family.
Financial Reporting and Control (FRC) Using accounting for effective communication and resource allocation. Enhances communication skills for coordinating and allocating resources within the family unit.
Leadership and organisational Behavior (LEAD) Focusing on the human side of enterprise and effective leadership. Addresses interpersonal skills, leadership within the family, and managing relationships with family members.
Marketing Demonstrating the role of marketing in creating customer value. Utilises marketing principles for understanding and satisfying family needs.
Technology and Operations Management (TOM) Developing skills for a firm's operations and competitive position. Applies operational skills for managing daily tasks, creating routines, and ensuring the family's well-being.
Business, Government, and the International Economy (BGIE) Understanding the economic environment of business and its implications. Enhances understanding of economic factors influencing family decisions and planning.
Strategy Formulating and sustaining competitive advantage for a firm. Develops strategic thinking for managing family challenges and planning for the future.
The Entrepreneurial Manager (TEM) Turning opportunities into viable organisations and creating value. Applies entrepreneurial skills for identifying opportunities, managing family resources, and creating a nurturing environment.
Finance II Evaluating complex investments and financial decision integration. Applies financial decision-making for long-term family planning and investments.
Leadership and Corporate Accountability (LCA) Examining legal, ethical, and economic responsibilities of corporate leaders. Addresses ethical considerations and responsible conduct within the family unit.
FIELD Global Immersion (FGI) Applying knowledge to real-world business problems. Translates problem-solving skills to real-life family situations.
Social Purpose of the Firm (SPF) Exploring how private firms address societal challenges. Considers the role of the family in contributing to societal well-being.

  • Both the MBA curriculum and extended parental leave provide opportunities for skill development.
  • MBA programs offer a structured learning environment, while parental leave offers hands-on experience in real-life scenarios.
  • MBA skills contribute to professional growth, while parental leave fosters personal development and family management skills. These are the applied learnings of an MBA.
  • Balancing both experiences requires strategic planning, adaptability, and effective time management.

The two experiences, while distinct, can complement each other, providing individuals with a well-rounded skill set for both professional and personal life. This is not to say that one experience is better than the other, it is to pause and recognise that skills developed in non-traditional methods are still skills. 

This is about democratisation of skill acquisition. 

Leadership Skills in Unlikely Places

Expanding on this, it's crucial to recognise that leadership skills can manifest in unexpected domains, such as online gaming. Engaging in multiplayer online games often requires individuals to lead virtual teams, strategise, and communicate effectively in high-pressure situations. The collaborative nature of online gaming fosters skills like teamwork, adaptability, and decision-making—attributes that seamlessly translate into real-world leadership scenarios. Embracing diverse sources of skill development, including unconventional avenues like online gaming, adds another layer to the democratisation of skill acquisition, further enriching our understanding of leadership and collaboration. 

There's a shortage of technologists, and by acknowledging and harnessing skills developed through unconventional paths, we can elevate our organisations and empower a more diverse and skilled workforce. It's time to broaden our perspective and appreciate the richness of skills gained from all walks of life.

Recognising Skills in the Workplace

In the workplace, it's essential to recognise and value skills developed through unconventional paths. Platforms like Kaleida can help bridge the gap by providing insights into skills beyond traditional university degrees. By acknowledging and harnessing skills developed through unconventional paths, we can elevate our organisations and empower a more diverse and skilled workforce. It's time to broaden our perspective and appreciate the richness of skills gained from all walks of life.