New research suggests employers value versatility more than focus.
Conventional career advice is to find a specialty, a niche. So that’s wrong? Among MBAs, there’s now a strong emphasis on building a consistent profile as a finance person or a marketing person. You end up with many similar people in the market. Specialization becomes commodified, giving you less bargaining power, because you’re easily substitutable. Plus, when the firm is used to hiring a lot of people like you, it’s easier to calculate your value compared with someone with diverse accomplishments.
Fouad Bendris’s insight:
How did you define specialists and generalists? We looked at whether activities and experiences were consistently focused both before and during the MBA program and internship period. Someone who’d worked at an investment bank before school, concentrated in finance at school, and did an investment-banking internship would be a specialist !
Source:: Strategy & Governance