In India, the madness of MBA is growing. Every year, more than 3.3 lakh aspirants compete for a seat at the sought -after IIM, but only about 5,000. Exclusiveness causes it to feel like a golden ticket to success. But how is the claim true?
The recent Reddit contribution from IIM graduates paints another picture – one full of rising costs, uncertain job prospects and changing labor market.
The cost of persecution of MBA increased sharply, and fees on the best B-schools touched 25–30 Lakh, while the location remains unpredictable. The return on investment (ROI) is increasingly beveled because the landing of highly paid work is not guaranteed. As the Redditor says, “fees are rising, the location is unpredictable and many students are drowning in banking loans. If you don't get the highest interest work, it may take years to break. ”
To this challenge, recruitment workers are added from rental hiring to the title of skill hiring skills. While MBA can look great on paper, it is a problem solving, analytics, sales and leadership that really brings you a job. Without chasing these skills, “Neither the IIM brand will save you,” warns the graduate.
Despite its shortcomings, MBA can be transformative – if used correctly. The curriculum is designed to push students from their zones of comfort, encourage them to speak, take the initiative and compete in the real world scenarios. However, success is not handed over by a silver plate – Students must actively participate in competitions, projects and networks to excel.
However, Redditor raises concerns about how obsolete some MBA courses are, and states: “The world is evolving, the industry is changing, but the way we learn still feels outdated.” Stronger focus on practical exposure, learning focused on industry and modern skills development is essential for MBA to be truly valuable.
In addition to tuition fees comes with an expensive social culture. From network events and trips to parties and pressure of mutual pressure, maintaining a step with the crowd burn a hole in the pockets of students. The two -year journey can be exciting, but also financially exhausting.
With increasing costs and changing labor market, blind persecution MBA – just because it is the latest trend – could lead to disappointment and financial burden. The key is to understand what you really want from MBA and whether it is in line with your career goals.
Redditor sums up: “MBA is worth it only if you have a clear reason for it and you know how to use it. Otherwise, it's just an overpriced ride that leaves you a fantastic title, a debt mountain, and no real skills that would show up for it. ”
The post started a debate with one redditor and said, “MBA is worthless, but a great platform to get better paid opportunities. Is it up to your outlook – maintaining a good education or network building? ”
But another user said that for individuals “MBA worked miracles”. 2021 IIM The passages made that before MBA the individual's salary was 5 lakh per year. “Now I'm on RS 30 LPA, done with my study loan. So yeah, it's still relevant to say,” the user added.
