One of my friends says that MBA is now routinely accepted as the graduate management degree. But is it worth the time, money and effort? After several years of working your way up the career ladder, what can an MBA do for you? I have made an attempt to answer this here.
Business schools in India are doing big business. From 1991 since LPG, the country is flush with funds in the hands of parents. What a person two decades back could not even imagine, is now earning. So economically the reach of management education has lept way beyond what we could ever think of. The result: mostly bad faculties and mediocre students with both having one objective. To make and be managers. One of my ex-colleagues in a b-school had very rightly said we don't make managers but articles for mass consumption in our factory.
But still it is worth the time, money and effort. Placements are done by the institute which otherwise would not have been guaranteed. And you stand in the queue of MBAs not graduates. A much smaller queue. Yes you have to pay the price. Nothing comes free and least a job.
After you get the job no MBA, even from the IIMs, carry a value unless you perform. The better the institute you pass out from the better your pay and you need to perform that good.
The quality of teaching mostly depends on the individual and not the institute. Whether it is just theory from the best book in the library or what is happening in the industry that is brought into the class depends both on the quality of students and on the faculty. Hence the teaching pedagogy remains a subjective matter.
2 comments:
Good one Sir!!
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