The obvious reason for most applicants willing to join a postgraduate MBA programme is to easily get into higher positions in the corporate world, along with expected higher wages. This means endorsing the corresponding responsibilities right while entering the job market. If you are ambitious and a career-centric person, this is definitely an attractive perspective to look forward to. However, enrolling in the best MBA colleges comes at a cost. Hence, before playing with words in your SOP during the admission process and paying the fees, whether you are a fresher or experienced person, here are some insights to ensure the best returns on investment.
In the growing Indian economy, with an exponentially increasing active population, the job market will become more and more competitive in the coming decade. What would be most valued by the recruiters? Working experience remains a constant and short-cuts might not be the best strategy. Your experience gives firms the assurance of getting employees with enough maturity, practical understanding of the industry, and reference of your capabilities. So when to prefer doing an MBA degree/diploma rather than working for some time? For freshers, your career objectives in the business sector might require doing an MBA programme. Make sure that it adds value to your curriculum and that it makes you a better asset for the job you target. It is true that certain companies consider having an MBA as their first and foremost mandatory criteria to select their future employees. If you have such a firm in mind, enrolling for the course is a safe step to take, before entering the job market. Yet, you must select one of the best institutes to ensure your recruitment. However, do not consider this as an absolute. Concrete cases have proven that somebody without expected qualifications, who would have established herself/himself as a good asset through her/his years of experience and supported with good references can get the position. The process might be tougher and comparatively take more time, however it is not impossible. Nonetheless, the Top MBA colleges are aware of these requirements and have oriented their curriculum accordingly. They offer practical learning from experienced faculties and direct interactions with professionals from different industries. The common approach implemented in these institutes is teaching through case methods in order to confront students with the current issues of the real business and management world and train them to apprehend its dynamics. For experienced people, MBA programmes are definitely the best way to enhance your professional practice and specialize in the domain of industry in which you foresee yourself. Even a small work experience can bring important clarity to your ambitions. It is also a way to maximize the benefits of your learning process during your course. This does not mean that only experienced candidates should apply but this decision should result from a real assessment of the pros and cons. However, there is also the right time to take a break in your career for completing your curriculum with further qualifications. Do not fall in the over-qualified trap! Finally, economic studies in selected business schools around the world show that the salary gain after completing MBA programme has slightly gone down. Hence, the money reward should not be your sole and absolute goal for doing the course, you should rather set genuine motivations and plan for yourself.
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