nice article..I guess it guides us to the reality ..No matter what is the reason, MBA is losing out on its lustre. i just don't understand why does lack of email ids is specified as one of the reason, i am very much sure that if a student aspires an MBA then he will be having an email.id or get it created from his friends...Most of us know that the exact reason for MBA to lose out is the emergence of private universities and reservation in IIMs.All of this sums up as a Loss of MBA....
I don't know what the importance of MBA degree is? For a 2 year course, it doesn't add any value. I've seen many of these so called MBA people, most of them didn't have the commonsense or basic knowledge about the society around them. They were good at using Excel &PowerPoint; but that can be learned by taking a crash course in computer applications. Anyone can project the past year sales of the company to this year using excel, but from a manger I expect the ability to understand the factors which contributed to that sales growth and predict how it will affect the company this year... Now, I'm not talking about people from IIM's etc... They should be better, I guess. But, what I found out from my observations is that the MBA's are good at selling themselves... That’s the only thing. I think eventually every organisation will learn this, but it will take time.
It is cheaper do CA, MBA at IIMs now cost whopping 10 lacs... while only few thousands for CA. But compentation for MBA from tier 1 is too good compared to a general CA I have seen them working for Rs. 10,000/- pm also. But with time compentation increases.
CA are now legally involved in company's financial statements with Companies Auditors' Report Order, 2003 coming into force, if they fudge books of a/c they face criminal proceedings. They now need to do their job properly, previously there was lot of fudging & cooking of books of a/c. leading to corruption in auditors/statutory auditors. But now they cannot wash their hands blaming everything on company or director but they are legally responsible too.
Re: Dont Dare to Compare with CA
by CrystalClear on Nov 09, 2009 12:29 PM
CA WILL SIGN "CARO" IN THE ANNUAL FINANCIAL STATEMENT, HE SEES THERE IS FUDGING OF BOOKS, STOCKS ARE LESSER THAN SHOWN ON RECORDS, STILL EATS HIS FREE LUNCH AS AN AUDITOR AND SAY CHALTA HAI BUT NOW HE WILL GET CAUGHT BY AUTHORITIES....
The drop is mainly because of the abnormal increase in the fees charged by business Schools and also lesser opportunities to earn back even the fees paid!.
I think the application for CAT admission test cannot be taken as the criteria to judge the drop in MBA aspirants..simply there are so many options available for the students to pursue their MBA..we can say CAT may be losing shine not MBA..there are number of private universities offering attractive things and the mushrooming growth of the private colleges affiliated to different universities have also an impact..Lot of students are taking the easier route to take admission than going through the competitive CAT examination and in the end they are not sure to get admission.
Re: CAT admission is not the sole criteria to judge the drop
by shikha kamra on Nov 07, 2009 02:04 PM
i guess this the right reason for the decrease in the number of applications for CAT 09
