MBA – Is it really worth our while ?

Master of Business Administration.

Fancy name.

Nice degree.

Lucrative career.

Grandiose dreams.

Not all dreams come true however.

There is hope, anticipation and dreams on one side and disillusionment, dejection and disappointment on the other hand.

This dilemma plagues most students these days.

We hope to give you some clarity with this article.

Know yourself first:

  • Your context is unique.
  • Your personality is unique.
  • Your family background and financial constraints are bound to be unique.
  • What is your mind saying?
  • Where is your heart leading you?
  • Be honest with yourself.
  • You owe this to yourself.
  • Don’t get swayed or carried away by the euphoria of other people’s success.

Interact:

  • Discuss your dilemma with people who have cleared their MBA and are pursuing a career.
  • If a real life interaction is not possible, try the virtual world.
  • The social media portals will surely give you some ways and means of connecting to a person who has done his MBA.
  • More importantly interact with people who have NOT done their MBA.
  • Ask them whether they regret not doing an MBA.
  • Familiarize yourself with the advantages of doing this course.
  • Acknowledge the fact that NOT doing this course and pursuing a career or a completely different course will give you a different set of advantages.

Verify the details and tune into the pulse of the market:

  • There are various colleges offering this course now.
  • Will doing this course in any college be worth two years of your time?
  • Is it easy to get admission into the reputed colleges?
  • How much will you be paying as coaching fee to clear those entrance exams?
  • Can you or your family really afford it?
  • Are all MBA degree holders welcomed immediately in the market?
  • Is the degree worth the money that you will be paying as tuition?
  • There are umpteen degree holders out there who simply pass over the MBA mania and get crucial job experience in those two years.
  • Once they get this kind of exposure and experience, they then take a sabbatical of two years to pursue this degree at a later stage.
  • Consider this option too.
  • Most students keep both these options open after they finish their graduation – they start applying for good jobs and apply for an MBA degree in reputed colleges.
  • Whichever clicks and looks more feasible is the way to go ahead for them.
  • That is an equally sensible option.
  • Think awhile over it.

Ask yourself some hard hitting questions:

  • Why do you want to get a degree in MBA?
  • Is making good money the bottom line of your thinking?
  • There are quite a few youngsters out there who are turning into entrepreneurs.
  • They take up steady jobs and/or work on these enterprises during their spare time.
  • They gain hands on experience from such real life exposure.

The other side of the picture:

  • Most hiring managers are rarely swayed by the glamour of an MBA.
  • Yes, I agree – there are an equal number of firms where an MBA is a prerequisite too.
  • Social skills, soft skills, interpersonal skills, a willingness to learn and a keenness to adapt to the structure of the organization are also things that are factored in before recruiting an applicant.
  • While it is most certainly a good thing to have an MBA degree on our profile, it is not the ‘be all and the end all’ of a career.

Getting that degree may certainly put you at an advantage, but pursuing a career or a different degree will embellish your personality with a different set of traits.

It is really as simple as that.

Do it if that is REALLY what you WANT to do.

Else explore different aspects of the market.

It all works out for every one of us.

Believe us when we say this.

Some succeed quickly.

Some take a while longer but learn different things along the way.

All we need to do is to define and create our own meaning of success and happiness.

And that brings us back to the first point that we made in this article! :)

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