Why Should You Do An MBA?
by Manish J. top MBA colleges in BangaluruMost students join one of the top
MBA colleges for the following reasons:
- A
simple graduation does not fetch a decent job
- Having
done Bachelors in Business Administration, there is little choice but to
do an MBA
- Extending
their academic life by two more years
- Go far
away from their parents and relatives to a place where no one knows them
- After
doing an MBA, the salary levels would increase dramatically.
Reasons 1 to 4 are legitimately related to the reality of
your past.
Reason 5 is a prediction of the future.
But do we know the future and do we know what determines
salaries of an MBA?
The salaries are determined by the ability of the placement
cell or your own contacts to approach the right companies.
The salaries are also based on the demand and the supply of
MBAs. More the demand, higher the salary. More the supply, lower the salary!!
What determines demand?
- The
college ranking determines the demand not because the students learn
better stuff in those colleges, but your ranking in the various exams show
that you are hard working or smart or both. Your ranking determines the
college you get.
- Your
own intelligence, attitude and transferable skills determine demand
- The
business climate determines demand. If the markets are not looking good,
there is no growth and there is less demand. But markets go in cycles, and
if today the market is bad, by the time you pass out, the markets may look
up.
- The
state of the recruiting company determines demand. A growing company needs
more MBAs than a mature company.
- The alumni
of the B-school determine demand, based on how they are doing in the
market.
- Your specialization in
the B-school may determine demand, but this is debatable.
What determines supply?
Let us qualify supply in terms of quality and quantity.
Fly-by-night operators may offer a cheap MBA, but they also take short cuts in
education and placement. Quality is determined not just by the courses offered
and the course content, but the quality of the classroom interaction and more
importantly, how serious is the faculty member in imparting an education. There
are more than 4500 MBA/PGDM programs in the country.
How do we select the right one?
- Is the
top salary offered to a graduate the right criteria?
- Are you
similar to that top graduate who got a great salary, or are you assuming
that you will be?
- Is the
same company coming with the same job offer?
- Are
the market conditions the same?
- Are
you doing the same specialization and are you qualified for that
specialization?
- Should
you not ask what is the mode (which salary band and what type of job
profile did most students get)?
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Created on Oct 6th 2018 23:53. Viewed 159 times.