Studying MBA: Busting the myths and facing the reality of MBA in India
Studying MBA has only gained popularity over the years. But with so many MBA colleges in every other city, we need to understand the truth behind the reality of MBA in India and bust the myths surrounding it.
India is a country of scholars. We are hardworking and meticulous when it comes to life. The same goes for education. As students, we are always expected to achieve only the highest and the best in our education and the expectation is carried on to other facets of life.
I will not call us trendsetters, but mostly trend followers since we read and research a lot about what is going on around us and come up with choices that are safe and high yielding. That is how MBA gained popularity in India.
Management became a vital part of the organization structure and hence started recruiting professionals with managerial skills.
MBA has become so popular that even engineers and scientists have started taking the course to gain business knowledge or become entrepreneurs.
We have an average of around three and a half lakh students passing out from the thousands of B-schools in India every year.
With such massive numbers in play, a lot of myth and misconception have gradually surrounded this most aspired course in India and we want to do a reality check.
The reality of MBA: Why pursue an MBA?
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Myth: Most people do MBA not because they wanted it as a career choice but because someone else did it and succeeded. Also, an MBA gets you a higher salary package
Reality: MBA as a course is very versatile and the skills taught are not limited to one field. One of the reasons the majority of people, after completing their undergraduate degree, enroll for an MBA, is because it gives them a broader spectrum to choose their line of work from.
Having an MBA degree also encourages students to step out of their comfort zone and try something new.
MBA, as a degree, might land you a managerial position in a company but the compensation and appraisals are completely based on the candidate's merit and hard work.
MBA is only the catalyst needed to boost a candidate's utility and profile.
The reality of MBA: The course itself
Myth: The study of MBA limits you to Finance, HR, International Business and Marketing. MBA might not be the right course for you if you have not studied business or management in your undergraduate degree
Reality: MBA has evolved as a programme and there is a significant increase in the flexibility and variety of courses available with B-schools these days.
New and innovative specializations of MBA like aviation, retail, healthcare analytics and IT are taking the market by storm and providing different avenues to the students in terms of learning and career.
The study of MBA does not limit you to your former education. On the contrary, it focuses on developing skills that will propel any individual to become better professionals, irrespective of their field of interest.
MBA is one of those few courses that are designed by keeping multi-disciplinary functions in mind and is not limited to any particular industry.
The reality of MBA: The B-schools in India
Myth: B-schools in India still follow an orthodox and unadventurous syllabus and structure of education. A management degree from B-schools in India is not valid abroad.
Reality: Indian B-schools have transformed drastically and have adapted experiential, practical learning, based on research and industry supported live projects as the way ahead.
MBA is more about finding innovative and new-age techniques to learn.
Remarkable and successful professionals are invited from all over the industry as guest faculties in colleges and research incubation centers have become an integral part of the curriculum in B-schools these days. Generic College for mba https://vpsm.dypatil.edu/
