My personal view is don't go for MBA it is waste of time and money. Even after doing MBA there is no guarantee that you will find a better job. The cream jobs go to students of top institutes and what you get is shit. Salary offered is too low and not comparable to any MBA standards. It has become a money making machine for institutes offering MBA degrees. See your parents how much they were educated? Still they've more practical working environment knowledge and earn much more than what you will. My father is 13 dropout but is running steel trading business since last 20 years. I've done MBA 7 years back but career is still to be built. Really struggling. What you get is begging job i.e. sales/marketing where there is only stress and stress. There are lots of sad things to be said but I feel this forum will only spoil my image. What still works today are your contacts. Also how can you tell lies and that too in a manner that no one can catch it. It should look real. No one should be able to question it. Luck also matters. Rest is all gyan. In real world the darwin theory works i.e. who ever is strong will dominate you.
ROI talk by these students is a joke. The money is being spent by parents. How many of these jokers will be paying back the money to the parents ? Boys will shamelessly like to get it out of dowry. What about the girls ? Supporting the aged parents will be a pipe dream.
Even Harvard is feeling the heat on this issue and they are looking are redefining the core program. Search for research on this topic by HBR by typing Srikant Datar.
Rashmi thanks for opening a relevant topic. I agree with you.
I have had a couple of cracks at CAT as well, but never managed above 92, so I have more or less given up. After 2 yrs of work ex, and after working with international cleitns, i feel that the experience that you gain while working cant be replicated in a classroom, and you pick up organisational and management skills while working, and interacting with PMs and other superiors. After looking at the way the fees are hiked at even prestigious institutes, it looks like the hyped MBA degree is becoming commercialised, and after the recession, the companies are unwilling to pay as they did in 2007-08. The salaries that i see can be reached by a good graduate after 3-4 years of work ex. And you learn more in those years, than you do from books. I see far more value, when an MBA is done after one has 4-5 years of work ex,as its in the US.
Re: Is an MBA really worth it??
by sunny Biswas on Oct 06, 2010 11:20 PM
I agree with you...I think in India its more profitable to open a B-school,rather than getting the degre itself...Anybody is doing MBA from anywhere and they are also not only getting a decent job."I am a MBA" --thats the only pride...and if "the anybody" MBA gets a job,uffffffffffffffff...there are MBA's in organization (in a bulk),they dont have common sense..and wonder how they manage...
Re: Is an MBA really worth it??
by Amod Karnik on Oct 06, 2010 04:16 PM
Don't give up....there are many people who require 3/4 attempts at CAT.......so don't give up at all..
why only the MBA or IIM fee is taken in to account for EMI or returns.. why not calculate from nursery, LKG, primary, high school, graduation, any other course fee etc. including boarding, lodging, and every pie spend from day 1 of learning starts for return of investments. what a bullshit article it is... so long as people use courses and education only for the purpose of earning returns in short span, these types of articles would only give negative impacts. is education is only connected with returns and salary?
Re: Re: why only calculate the MBA or IIM fee
by hot boy on Oct 06, 2010 06:14 PM
Then you must from one of those karnataka colleges who sell degrees for 20lacs making you worthy in a dowry market That is a good return on investment. isn't it.
