Millennials view technological change as the greatest challenge they face. At least that's the case for recent graduates of the Masters in Management (MIM) program created by Europe's Global Alliance in Management Education (CEMS), a consortium of 30 academic institutions and 71 corporate partners launched in 2007.The MIM is offered at CEMS member schools.
CEMS has released the results of its survey of MIM graduates, the majority of whom are between 24 and 27 years of age. Forty-six percent are living outside their home countries, and 78 percent are working for multinational firms. Of this group, 68 percent cited keeping up with technological change as their biggest concern. An unsteady economic and political global climate was cited by 60 percent. Environmental challenges came in third cited by 59 percent.
When asked to name the most effective business leaders in the world, respondents often cited Elon Musk, inventor and engineer, and Sir Richard Branson, CEO of Virgin.
The fact that respondents see Musk and Branson as role models makes sense, given that these graduates believe innovation will be the No.1 priority for business leaders. As a 2014 MIM graduate now working with McKinsey put it, "Changes in technology and new markets have the power to create completely new business and operating models...meaning leaders will have to work even harder to keep up with competitors."