The craze of MBA continues to grow in India. Each year, more than 3.3 aspirants compete for a coveted IIM seat, but only about 5,000. Exclusive gives the impression of being a golden ticket to succeed. But to what extent is the claim true?
A recent post Reddit by a graduate of IIM painted a different image – an image filled with increasing costs, uncertain job prospects and a changing labor market.
The cost of pursuing an MBA rose, with the best B -feasts bouncing 25 to 30 Lakh, while the investments remain unpredictable. The return on investment (king) is increasingly biased, because landing a well -paid job is not guaranteed. As the Redditor says, “the costs soar, the internships are unpredictable and many students drown in bank loans. Unless you reach a high -level job, this can take years to break.”
Adding to this challenge, recruiters go from hiring based on skills -based hiring diplomas. Although a MBA can look great on paper, it is problem solving, analysis, sales and leadership that allow you to take care of you. Without perfecting these skills, “even an IIM label will not save you,” warns the graduate.
Despite its faults, an MBA can be a transformer – if it is exploited correctly. The program is designed to force students to get out of their comfort zones, encourage them to speak, take the initiative and compete in real world scenarios. But success is not handed over on a silver set – students must actively participate in competitions, projects and networks to stand out.
However, the Redditor raises concerns about how certain MBA courses are overwhelmed, indicating: “The world evolves, industries change, but the way we have taught is always outdated.” A stronger emphasis on practical exhibition, industry -focused learning and the development of modern skills is essential to make a MBA really precious.
Beyond tuition fees, an MBA is delivered with an expensive social culture. Network events and holiday trips and peer pressure, follow the crowd burns a hole in the students’ pockets. The two -year trip can be exhilarating, but also exhausting financially.
With the increase in costs and a changing labor market, blindly hunting an MBA – just because it is the latest trend – could lead to disappointment and the financial burden. The key is to understand what you really want with an MBA and align with your career goals.
The Redditor sums it up: “An MBA is worth it only if you have a clear reason to do it and know how to take advantage of it. Otherwise, it’s just too expensive driving that leaves you with a fantasy diploma, a mountain of debts and no real competence to show for this.”
The message launched a debate with a reditor saying: “The MBA is a value of no value but a brilliant platform to obtain better opportunities. It depends on your prospects – keeping a good education or building a network?”
But another user said that “MBA did wonders” for the individual. The passage of IIM 2021 developed that before the MBA, the salary of the individual was Rs 5 Lakh per year. “Now I am at RS 30 LPA, carried out with my study loan recently. So yes, I am always relevant, I would say,” added the user.
