Is MBA the right course for me? This question has certainly crossed the minds of everyone who has taken the CAT Exam and of those who are willing to take it.
Getting an MBA is a costly affair. A two year program could set a big dent in your bank account and might leave you with a debt for a long time after you've left campus. A typical MBA program in
India could cost about 8-10 lakhs which is a big sum of money and this creates the dilemma- is it truly worth it?
Well, to answer that in honesty- it depends on your situation and why do you need an MBA. Let's look at the major reasons.
Professional Progression
Like most, you might have started your career on an executive position. After a lot of hard work you get a conventional position in the administration. So now you have a decent academic profile and great work experience. What next? A couple of years down the line you start feeling stagnated, now the amount of time to reach this phase may vary from a couple years to a decade but sooner or later almost every one reaches this stage.
This is on the grounds that in today's word, the vast majority of individuals that surround you have more or less the same qualifications as you. So, this question becomes pivotal- what are the qualities that separate you from the group?
The answer is: an MBA degree. An MBA from a top B-school will help you make a snappy move from mid-level administration to a senior position where you will have the chance to make key decisions. If you look through the expectations for senior positions, you will see that MBAs are favored; however it's not a rule of thumb. If you belong to this category then an MBA is not mandatory, but highly beneficial.
Career Shift
Are you looking for a shift in your career? Consider this situation- you have been working in IT for 5 years but with time you have realized that your true calling lies in Marketing. What steps would you take in order to switch?
You can take up a Marketing course over the weekends.
Study about Marketing on web and improve your resume
Take an online or a short-term offline Marketing course.
Regardless of the method you chose to hone your marketing skills, the best that you can do while switching industries is land up at section level opening. Your extraordinary IT background won't be of much help in getting a senior part in marketing, for that you need something more.
It is here that an MBA can benefit you. One of the most common reasons choose to do MBA is when switching from one field to another and land up on management positions.
It's always better to do things that you love from heart even if they are small rather than doing big things out of compulsion. Find what you really want, if increasing knowledge base is all you want, then the same can be done by using free resources available on the web without spending a big load of money on MBA.
Getting an MBA is a costly affair. A two year program could set a big dent in your bank account and might leave you with a debt for a long time after you've left campus. A typical MBA program in
India could cost about 8-10 lakhs which is a big sum of money and this creates the dilemma- is it truly worth it?
Well, to answer that in honesty- it depends on your situation and why do you need an MBA. Let's look at the major reasons.
Professional Progression
Like most, you might have started your career on an executive position. After a lot of hard work you get a conventional position in the administration. So now you have a decent academic profile and great work experience. What next? A couple of years down the line you start feeling stagnated, now the amount of time to reach this phase may vary from a couple years to a decade but sooner or later almost every one reaches this stage.
This is on the grounds that in today's word, the vast majority of individuals that surround you have more or less the same qualifications as you. So, this question becomes pivotal- what are the qualities that separate you from the group?
The answer is: an MBA degree. An MBA from a top B-school will help you make a snappy move from mid-level administration to a senior position where you will have the chance to make key decisions. If you look through the expectations for senior positions, you will see that MBAs are favored; however it's not a rule of thumb. If you belong to this category then an MBA is not mandatory, but highly beneficial.
Career Shift
Are you looking for a shift in your career? Consider this situation- you have been working in IT for 5 years but with time you have realized that your true calling lies in Marketing. What steps would you take in order to switch?
You can take up a Marketing course over the weekends.
Study about Marketing on web and improve your resume
Take an online or a short-term offline Marketing course.
Regardless of the method you chose to hone your marketing skills, the best that you can do while switching industries is land up at section level opening. Your extraordinary IT background won't be of much help in getting a senior part in marketing, for that you need something more.
It is here that an MBA can benefit you. One of the most common reasons choose to do MBA is when switching from one field to another and land up on management positions.
It's always better to do things that you love from heart even if they are small rather than doing big things out of compulsion. Find what you really want, if increasing knowledge base is all you want, then the same can be done by using free resources available on the web without spending a big load of money on MBA.
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