Tuesday, October 24, 2017

Planning an MBA – Before making a decision let’s have a peek in its Advantages and Disadvantages of MBA

Before we begin the actual discussion Advantages and Disadvantages of MBA, it’s essential to understand that the MBA courses in India are of two years of formal education. Hypothetically, we educate ourselves so that we gain some advantage. The more you learn, the better decision you can take, isn’t that right?
It is very important to understand that education is not a tool; or equipment that you must know how to use it to build your career. Any college or an institution will not teach you to use your grades and degree to improve your career, nor does the possession of an MBA degree gives your career a boost until and unless it is a top-notch institution. Having said that there a lot of reason to do MBA.
Advantages:
1. Personality Development: Primary goal of Education in any form is to prove development. The development can be of any type such as Skills, knowledge abilities to solve issues. One should develop skills that can be used further to boost your career plan. As Antoine de Saint-Exupéry once said, “A goal without a plan is just a wish.” So you need to have a plan.
2. Confidence: Having a higher degree of education's boosts your confidence; it’s a personal triumph and a demonstration to the world that you can achieve goals
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3. Motivation: As soon as you begin your program, you will be eager to complete it. Don’t just complete it; achieve it so that it can boost your career. To do so you need to get the right amount of motivation which you will get from your peers and by observing their achievements you will be motivated. Follow people who have been associated with the best university for MBA in India.
4. Network: During your tenure at the best MBA College in India, you will meet a lot of people who can help you with your career; you need to be in touch with them even after you graduate. Don’t wait for years to ask a favor.
5. Recruitment:  The better the brand the more are the opportunities for you to get recruited. Once you have put MBA on your cv the people who review it are also MBA grads only so they know exactly what you have done and what are your capabilities.
6. Career Progression: Generally the MBA as a degree doesn’t robotically boost you into a management role. The company that you are associated with may not value your degree at all, especially if the existing managers are not MBA. You have to prove your new value to them or else, you need to find a company that values your MBA, your knowledge, skills, and abilities.
7. Competitive Edge: Most of the MBA grads think that an MBA will add a competitive edge to your cv. Yes, it does indeed but you need to show your accomplishment and experience to create value for yourself. This is not something you need to do after completing your MBA but as you begin the MBA program one should focus on creating a value for herself.
Cons:
1. Lack of clarity: Most of the students in India do not have clarity in what they want to do if you don’t have a plan no one can help you. Most MBA teach basic courses. They don’t build careers.
2. It’s just knowledge: What you learn might not be applicable in your job profile. If you cannot use the knowledge that you have gained, it will not help your career.
3. Too generic: The MBA courses are too generic and they fail to demonstrate any specific expertise in any domain. They are just business course whose applications are not valid in real time
4. Time has value: After joining MBA most of the grads think otherwise, they might have invested this money somewhere else it would have been more profitable and they choose to invest in learning.

5. MBA value is exaggerated: About 1 in 4 people have MBA degrees. Almost every college is providing an MBA program. The world knows that they are not created equally. If you do an MBA course from an unknown school, the value of your MBA will be unknown to your employers and the world.

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