In today's context, is a costly MBA program a smart investment option?

Hello, At certain point, yes, it is true that doing MBA from a big and costly college is worth investment. But there are such people as well who are doing very well in their job career even after doing MBA from an average costing college. This question brings me to the following 2 scenarios, please try and understand, it is my personal opinion: 1. Doing MBA from a costly college and get a shining package in your very first job. 2. Doing MBA from a less expensive or normal college, and get less opportunities to get good salary package with a fine job. Now, there are people who study from top college but pass out with average results, and may find it hard to get as good job as the one who secured good results from same college. Same with other situation. Someone may be doing MBA from an average college but is so quick in learning and have established skills very well, he may match the level of top college pass out, as far as first job offer is concerned. So, yes it does matter and it is a fact that in most of the cases, a costly MBA program can strongly be a smart investment option. I hope I am clear!

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Hi, In today's aspects if you have done MBA from a good college which holds good placement record is worthy. MBA cost varies from college to college, nowadays it is mostly cost effective. So with the emerging world and emerging industries the demand for management is increasing day by day. So the demand for managers is also increasing day by day. It is smart to invest in MBA only when you are sure to get better ROI. So, if you are interested in choosing your career as manager in future, then only you must invest in MBA programme and must assure yourself that your salary package should be more than the amount of money you invested in your career. So, yes, investment in MBA program is a smart investment option as it will secure your future.

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According to my opinion, I would say that costly MBA program is not a smart investment. It depends on the students, that how they utilize their resources and how they get placements. Pursuing MBA from an average college can also get you placed with a package of 7-8 lacs per annum. But, you will only get this amount when you have that skills, and when you are able to convince the interviewers. No institute promise 100% placement for you. It totally depends on your efforts and the way you perform in those two years. If you invest 5-6 lacs in an average college, and get a placement of 5.5 or 6.5 lacs, then it is a good salary and is good for your future. And, if you see from a financial point of view, it is a good option to get admission in that college rather than investing in any other costly college, because here you get a ROI of 1 lac and for a starters, it is a good amount. So, I would suggest you to go with low investment college and try to improve your skills, that the company wants from you.

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Master of business administration (MBA) has always been an expensive program till date. It is hard to find a B-School which provides a cheap and good quality of knowledge in Master of business administration (MBA). Now talking of investment if someone is interested in doing a Master in business administration (MBA) he/she will always do that and if you want to compare with other courses then there are several facts that you should check before getting admission. One of the facts that matters a lot is how the B-School is performing in last few years. Whether the quality of education is same, enriched or declined in recent years? What was the placement scenario in last 2-3 years? Which were the companies that came for placement? What was the last year’s fees structure? After you have the answers of all the above questions, place yourself in the position after two years from now and check whether you can get a handful of package that could recover you cost. If you think yes, then it's a smart investment else you need to think.

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MBA is costly depends upon the college in which you take admission. The range of fee for various colleges varies from 4 lakhs to 20 lakhs. So cost factor depends upon your admission. Apart from this there are scholarships also available to students in some of the colleges. Yes, it is a smart option, especially for people who have a work experience of at least 2 years. People get a chance to switch their jobs from technical roles and support the same with managerial role with the help of MBA. It gives chance of getting bigger package after completing MBA or PGDM. You can even change your area or domain of work and get into marketing, finance, supply chain management, operations, etc. Apart from this doing MBA degree adds onto your resume and CV plus gives you a break from your professional life.

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see what happens is when you go for general MBA it's more like a open door for all specializations. you can learn basic knowledge from everything. you can either learn HR , Marketing or Finance. Instead of just taking up a certain stream right from the first semester itself. and basically job opportunity are equivalent to everyone. be it general MBA or a normal MBA with stream. there are many Colleges to complete MBA. like we have Pumba in Pune. it's cuttoff is 98+ percentile and is generally consider to be the most sought after institute after JB Sydenham Mumbai and Symbiosis. it has best Placement in terms of marketing and finance. for HR specific we have Scmhrd Hinjewadi. all in all it's your decision to choose for an MBA and it's specialization. but make sure you make a lot of learning in those 2 years. because they are going to be very fruitful all your life. thanks.

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In one word-yes. Firstly, the worldly things. It increases your pay scale. In a few words, you're likely to earn a salary in the low six digits or high five digits if you have an MBA degree. Without one, you're likely to earn below INR 60,000 a month. The stats indicate that you'll be able to pay off your debt (educational or any other) in a few years with the money you're making. It turns out to be more important if you are thinking about setting up a business or start-up. As a founder, you are often faced with the task of making difficult decisions with limited time and information. The only thing that matters in this debate is you. A degree's value can't be measured in rupees only. Its meaning will also depend on your affinity for learning, your career path, and your desire to network. So, I think, it is still a good investment of money and time, it pays back in the future.

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Rather than MBA, I should go for Leadership SEED cultivation training, because without this even home cannot be run properly. Without leadership skills no project can be completed.

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You can say that it is a kind of gamble as investment in MBA can be very good factor of Return on investment, many a times it can prove to be double the investment made. Like if you are studying in premier B-school like IIM, IIFT, MDI, FMS, JBIMS, SPJIMR, NMIMS, XIMB, XLRI, XIME, Loyola, TAPMI, BITS, etc. almost all of them will cost you heavily to complete your MBA (except for JBIMS) but when it comes to placement record, these institutes will definitely prove their worth. You will recover almost 90% investment made by you from your first year placement package. They place you around average package of 15-20 lakh per annum and this is the amount about 90% of the investment made by you. So it is worth doing MBA but it is highly recommend that you should do it from Tier-1&2 colleges only.

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Whether you join a public business school or a private business school, assume to pay around 10, 00,000-30, 00,000 in tuition alone. But the actual opportunity cost is the salary you sacrifice and the two years of career experience you miss. If you are in banking, two years is an infinity since it generally takes three years to get promoted to the next level e.g. three years as an Associate before you can be considered for VP, three years as a VP before you can be considered for Director, and three-to-four years as a Director before you can be considered for Managing Director. If you actually do not like what you are doing, and find no other way to get in a field that you think youll like, get an MBA. You still have to go through the rounds of interviews to land a coveted job, don't forget. Just know that getting an MBA could easily set you back three to five years worth of savings as you pay instead of earn.

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