Those who are interested in pursuing an advanced degree in business may find opportunities to be involved in their future employer's social responsibility activities. Incorporating ways to contribute to society into the work environment could motivate employees to perform better at their job or leader to lower turnover rates.
The Simmons School of Management in Boston recently conducted a study that survey almost 400 women employees, managers and executives in the business industry. Results showed that those who viewed their businesses to be socially responsible were more satisfied with their jobs, had a lower intention of quitting and a higher likelihood of supporting their company outside the office.
The survey also showed that 75 percent of the participants reported a positive impact on society and the ability to express one's values as important attributes in the job environment. Respondents also said that when social responsibility is included in their organization's business strategy, it contributes to the fulfillment of the individuals' career needs.
"The study results reinforce the notion that it's in the best interest of organizations to understand and harness the power of corporate social responsibility," said Shuili Du, lead author of the study and a professor at the school.
In 2008, MBA degree holders averaged annual salaries between $73,510 and $171,583, depending on the field, position and years of experience, according to PayScale.com.
