The best part about doing an MBA is that it can significantly increase your salary given that institution provided you with the appropriate skills and knowledge. Most of the students in India, plan to do an MBA because the mere tag can give you a bump in your current salary, still there is much more to MBA than meets the eye. Here are some other benefits that an MBA can provide for you:
- There are a huge number of specializations in an MBA. This makes it much easier for a person to find what suits them best and then go for their masters. For example, if you’re an introvert and interested in marketing; an MBA in Digital Marketing will be a good option for you. At the same time, if you’re someone who is an extrovert and has some experience of leadership in work or in sports, MBA in Management will be a great option for you.
- There are primarily two reasons that a person chooses to go for an MBA, either they want to pursue career in a different industry or because they want to advance to a managerial or supervisory position in their current industry. According to a study, one in three prospective students pursue MBA to pursue opportunities in new industries.
We highly recommend that you decide the industry that you want to pursue in your career after you MBA. The best time to do this is just after your Under-Grad, so that you have enough time to gain relevant experience to get admission into one of the top B-Schools for MBA in India.
3. Though having work experience before doing an MBA can have a serious impact over the knowledge that you gain during your Post-Grad, it is not a necessity for most of the B-schools in India.
Even though MBA is coveted by most of the graduates, regardless of the stream that they come from. Most of the graduates have an unrealistic expectation of their salaries after they get an MBA degree, which makes it very disappointing for them to accept a job that offers them much lower and realistic paycheck. Here are some other reasons why you should consider doing an MBA:
- The inadequate curriculum in most of the B-schools has led to most of the MBAs being unemployable in the country. According to a study in 2018, 61% of the MBAs from 4,000 B-schools of India were unemployable due to skill gaps and lesser work experience.
- Most of the colleges justify their tuition fee of 3-5 Lakhs per year by giving its students unrealistic expectations of MBA graduates getting an average package of 10-15 Lakhs. While the reality is that the quality of MBAs from most of the colleges is so low that companies have to hire the best available candidate in the hopes to train them in the required skill.
- For many of the aspirants running for an MBA, is the final option to save their academic credentials and their careers. For example, many of the IT professionals want their work experience to be considered for management position, without understanding that the companies look for leadership skills and work experience in a relevant field.
We Sincerely hope that you got some useful insights to keep in mind when you select the B-school to pursue an MBA from. While you continue to search for more helpful articles to help you make a well-informed decision, here are some tips to help you along the way:
- Make a list of the specializations that you would like to pursue in an MBA.
- Then find out internships or jobs in your city that are relevant to the specialization that you want to pursue.
Getting some work experience in the field of your specialization will help you get a better understanding of the subject and put you at greater odds to getting selected for a high-paying job.
If you want to know more about the courses that GCEC provides, you can follow the links given below: