Why an MBA
Content
Why not MBA?
In India - Suppose, if you where a commerce background student and someone asks you what are you going to do after graduation??? - A job or else higher studies. And if you are in the second category, the most obvious answer to this question is – MBA, and now a days no stream matters, they are mostly obviously going to do an MBA from India or abroad. Even if someone is not interested their parents or relatives ask them - why not MBA? MBA – Masters in Business Administration. It used to be that top corporations picked up MBA graduates before the student passes the Programme. These young guns drove corporate reorganization, product innovation and marketing and implemented new styles of leadership. They were a symbol of a new culture, and anyone serious about a career in business aspired to earn those three letters. In today’s scenario some people consider that the degree once defined as bright, snappy leadership now symbolizes a discipline that has lost touch with the business world. They say the power of MBA is uncertain. They argue that this degree is not necessary to make leaders who can be visionary and can handle Globalization. They also argue that visionary leaders like Bill Gates, Dhirubhai Ambani and Jamshedji Tata where not MBA graduates. So why waste money? On the other hand, some academics point to an evolving curriculum that has kept pace with and even led the business community. If the MBA is useless, they argue, why do tens and thousands of people still go and En-roll in the program every year? Are they nuts?
According to me, an MBA can be a fantastic opportunity, but there are of course drawbacks with it as well. Pros and cons in doing an MBA degree.
Pros Degree on your Resume or CV Shows dedication for new career Learn theories behind business Learn from fellow students Confidence boost Time-out to figure out what you want to do next Helps you in networking or creating contacts.
Cons Expensive (course fee, living costs, loss of income) No guarantee of a job at the end Hard work, long hours, forget about week-ends Can cause strain in family and friend relationships May not be necessary for career change
In India, last year 1, 94,516 candidates appeared for the Common Admission Test (CAT 2013). CAT is an all-India test conducted by the Indian Institutes of Management (IIMs) as an entrance examination for the management programs offered by its business schools (B-schools) as well as other top Master of Business Administration (MBA) schools. Other than the 13 IIMs, more than 100 B-schools in India use CAT scores to grant admission to students into their management courses. Students across India consider an MBA degree from an IIM as a sure shot ticket to an exceptional corporate career. However the race to get in to the IIMs is tough and statistics of success rates are against most of these bright eyed aspirants. The year 2013 saw approximately 1.94 lakh applicants Sandeep Kumar 04015903913
battled it out to secure a coveted spot among the 3500 seats in the 13 IIMs. The odds are tough to beat. There are other good Universities/colleges which provide MBA degree like IP University, ITM University etc. Conclusion: An MBA is not for everyone. You should only do it if you are fully committed to it, and you think the advantages outweigh the disadvantages. If your aim is to enter a more managerial role or if you want to start your own business it goes a long way to help, not the least because of the confidence boost you get from having such a tough programme behind you. This decision will depend on the culture of each school, the ranking (is it important to you or not?), the reputation and the faculty of the school, the cost of the programme, the location, whether the school offers any specialities and if so which, and the strength of the alumni network that it offers. In each category, you need to think about how important that is to you, and how the various schools satisfy these criteria. Be wise!!!
Sandeep Kumar 04015903913
In India - Suppose, if you where a commerce background student and someone asks you what are you going to do after graduation??? - A job or else higher studies. And if you are in the second category, the most obvious answer to this question is – MBA, and now a days no stream matters, they are mostly obviously going to do an MBA from India or abroad. Even if someone is not interested their parents or relatives ask them - why not MBA? MBA – Masters in Business Administration. It used to be that top corporations picked up MBA graduates before the student passes the Programme. These young guns drove corporate reorganization, product innovation and marketing and implemented new styles of leadership. They were a symbol of a new culture, and anyone serious about a career in business aspired to earn those three letters. In today’s scenario some people consider that the degree once defined as bright, snappy leadership now symbolizes a discipline that has lost touch with the business world. They say the power of MBA is uncertain. They argue that this degree is not necessary to make leaders who can be visionary and can handle Globalization. They also argue that visionary leaders like Bill Gates, Dhirubhai Ambani and Jamshedji Tata where not MBA graduates. So why waste money? On the other hand, some academics point to an evolving curriculum that has kept pace with and even led the business community. If the MBA is useless, they argue, why do tens and thousands of people still go and En-roll in the program every year? Are they nuts?
According to me, an MBA can be a fantastic opportunity, but there are of course drawbacks with it as well. Pros and cons in doing an MBA degree.
Pros Degree on your Resume or CV Shows dedication for new career Learn theories behind business Learn from fellow students Confidence boost Time-out to figure out what you want to do next Helps you in networking or creating contacts.
Cons Expensive (course fee, living costs, loss of income) No guarantee of a job at the end Hard work, long hours, forget about week-ends Can cause strain in family and friend relationships May not be necessary for career change
In India, last year 1, 94,516 candidates appeared for the Common Admission Test (CAT 2013). CAT is an all-India test conducted by the Indian Institutes of Management (IIMs) as an entrance examination for the management programs offered by its business schools (B-schools) as well as other top Master of Business Administration (MBA) schools. Other than the 13 IIMs, more than 100 B-schools in India use CAT scores to grant admission to students into their management courses. Students across India consider an MBA degree from an IIM as a sure shot ticket to an exceptional corporate career. However the race to get in to the IIMs is tough and statistics of success rates are against most of these bright eyed aspirants. The year 2013 saw approximately 1.94 lakh applicants Sandeep Kumar 04015903913
battled it out to secure a coveted spot among the 3500 seats in the 13 IIMs. The odds are tough to beat. There are other good Universities/colleges which provide MBA degree like IP University, ITM University etc. Conclusion: An MBA is not for everyone. You should only do it if you are fully committed to it, and you think the advantages outweigh the disadvantages. If your aim is to enter a more managerial role or if you want to start your own business it goes a long way to help, not the least because of the confidence boost you get from having such a tough programme behind you. This decision will depend on the culture of each school, the ranking (is it important to you or not?), the reputation and the faculty of the school, the cost of the programme, the location, whether the school offers any specialities and if so which, and the strength of the alumni network that it offers. In each category, you need to think about how important that is to you, and how the various schools satisfy these criteria. Be wise!!!
Sandeep Kumar 04015903913
