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It’s the standard business school storyline: A manager decides to get an executive MBA degree and starts classes with a bit of a chip on her shoulder.

"You may have reached that point in your career where you’re middle management, you’ve done many things right, you’ve had some failures that you’ve learned from, (and) you could be molded into thinking you’ve figured some things out," says Michael Desiderio, executive director of the Executive MBA Council, a nonprofit association that works with more than 200 universities and colleges that offer executive MBA programs.