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For MBA Degree Holders, Giving a Little Can Lead to Gaining a Lot



By Catherine Groux
Posted August 24, 2011 03:35 PM

Many MBA degree seekers will find philanthropy to be an important part of their curricula.
Many MBA degree seekers will find philanthropy to be an important part of their curricula.
According to Harvard University's Institute for Strategy and Competitiveness, businesses that launch philanthropic projects that are in line with their corporate strategies can often better compete with other companies. In doing so, businesses can work towards their long-term goals by aligning their corporate and social values.

Many master of business administration (MBA) programs across the country have also seen the merit in philanthropy and have worked to incorporate it into their curricula, Bloomberg BusinessWeek reports. These institutions include Boston University School of Management and Columbia Business School.

While some MBA degree programs integrate the topic of philanthropy into existing classes, other schools have chosen to launch entire courses dedicated to the topic. However, some institutions encourage students to learn about the importance of philanthropy in more interactive ways

For example, the Pay it Forward Program, which is sponsored by the Ohio Campus Compact, gives select college classes $4,500, the initiative's website states. This money is then managed by the class and eventually given to up to three nonprofit organizations. Additionally, students who participate must spend time volunteering at their selected nonprofit groups.

According to BusinessWeek, about 34% of the students who participated in this program last year were business majors.

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