Amusingly, Dhirubhai Ambani and Ratan Tata, the most prominent business tycoons in India are born on December 28. Other than their personal traits and professional success, what make them different from each other? It is nothing but their attitude towards education. Ambani disliked school lessons and chose to do physical work instead. On the other side, Tata is a graduate from the famous Harvard Business School. With their lives, they have proven that, hard work and dedication can facilitate to reach the acme of success, more than a top-level education. However, it is a much-changed scenario now. The competition to achieve a decent job is intense and the only option to survive is a good quality education.
Getting an MBA can be a significant move to enhance the career. It can open the doors of upper management cabins that would otherwise always a distant view from the common bay like many beginners. However, does that mean MBA is meant for everyone? A tech startup company planned to hire a brilliant programmer who was working for a reputed multinational company with a decent package. The startup founders offered him high salary along with a managerial post. The replay from the programmer was surprising for the founders. The programmer said, “I can work for your company for this amazing package but I cannot be a manager because it will spoil my abilities in coding.” This kind of self-realization is important in deciding whether to invest money and time in getting an MBA degree.
Who is apt for MBA?
The three letters ‘M-B-A’ may look great on a resume, however, that is no reason to attend a Business School. Everyone should evaluate how MBA will increase his/her perceived value in the industry. Making career choices based on salary potential alone is seldom a good idea. If MBA does not help them achieve their career goals then, business school will be a serious waste of time and money.
Along with career goals, personal characteristics are another decisive factor. Quantitative orientation and analytical mindset are two basics needs for this course. Qualities like leadership, ambitious, communications skills are the additional requirements, and those who are having these characteristics can say that they are good enough to join MBA programs. Ultimately, the real reason to pursue an MBA degree should be the enthusiasm to deal with the heavy responsibility of a leadership position in a high-powered organization not the salary, which is just a nice bonus.
MBA is not a single Breed
Couple of decades back MBA was synonym of General Management where the students are trained in the various areas of business such as accounting, finance, marketing, human resources, operation management and so on. In its long run of more than 100 years, MBA programs have changed drastically. Along with evolution of business world and the demand from the industry, the business schools all over the world now provides tailor made programs that suits different industries.
At present, there are as many programs, which are enough to fill majority of the English alphabets with the starting letter of the MBA program names. Starting from Agricultural management and Apparel management to Textile management and Tourism management, the MBA aspirants can find many programs, which exclusively match with their career goals. Choosing the right course that matches with the right talent always shows the path to success.
The Problem of Plenty
The management theories have stated that, “where there is a demand there should be supply.” In the beginning, a Master Program in management was the demand and eventually Business Schools came as suppliers. In the recent years, the world witnessed a sharp rise in the number of suppliers in this field hand in hand with the raise in demand to gain MBA degree. It begun from a master finding that teaching ‘Business’ is the new profitable business.
Now the MBA aspirants are facing a problem of plenty as multiple Business Schools are inaugurating every year in every nook and corner of the country. For older generations, the availability of MBA was a problem. Still the same problem exists. The only difference is, years ago it was scarcity now it is abundance. While curriculum, infrastructure, reputations and placements remains the key factors to look at before choosing a business school, it is also important to realize the abilities and passion before taking such big decision. Think more than twice before coming out from the comfort zone. Because, it is a hot seat and the time spent here will not comeback.