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A Business School Aims to Mint Leaders Who Think About More Than Profit

The dean of MIP in Milan wants graduates of his New Generation MBA to focus on the social good companies can do.

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Illustration: Larissa Hoff

The world is changing faster than business schools, and some deans—cajoled by students and employers demanding different skills from MBAs—are responding to the shift. We spoke with Federico Frattini of MIP, the Graduate School of Business of Politecnico di Milano, about his plans to introduce a “new generation” MBA this September.

What’s missing from traditional MBA programs?
There’s a chasm between what we teach and what we preach as researchers and management scholars. There’s a lot of momentum around rethinking the foundations of private businesses so they can become actors for positive change. We know this is what society needs from future business leaders. But business schools use a framework that hasn’t changed over the past 40 years. We’ve added sustainability, CSR, ESG, and impact courses—but only as elective modules around a program that remains exactly the same.