Is an MBA program overrated in the corporate world today?

Hello there, No doubt, MBA is overrated in India, but it also seems that an MBA degree has a very vast scope in our country. Everybody, today, wants a successful career and an MBA degree provides one such platform to make a successful career, earn good packages, work with reputed companies, etc. This makes it an option which majority of students choose in order to attain all of the above-listed goals. An MBA degree will definitely pay off if it is properly learned and executed. Also, it is very important to choose the right institute to pursue an MBA from. Proper planning and research is necessary to shortlist the right institute for your preferred specialization. An MBA provides the student with the knowledge base that is requisite in the business world today, but yes, it is not the only way that someone can become familiar with the business world.

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Even before you can step into the portals of a business management college, the hefty fees test your resolve. The idea is that a sufficiently high cost will deter run-of-the-mill students from attending and ensure that the school only gets students that are really serious about completing the course. This means that, unless your parents have pots of gold buried in their backyard, you are going to be working yourself thin to pay off the enormous loans you acquire to complete the program.The aim of most business management programs is not to create dynamic managers who have the capability to think outside the box and create unique solutions to problems. But mostly B-Schools go by spoon feeding methods. If you thought these MBA graduates got high paying jobs on graduation because they were highly qualified, think again. While in college, these students are busy networking and catching up with the old boy's network. This way, most of them can be assured a good position once they make their way into the field.

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MBA's are overrated in India as in today's scenario we can see that field of MBA is attracting most of the youth irrespective of their capabilities to perform like an MBA. This may be due to the reason that this course offers opportunities to meet different people and secondly most important that it offers high packages. We see MBA's not only from commerce background but from science, arts too. They don't know the real role of MBA. India being a developing economy, with huge market potential and career opportunities booming, there is definitely high demand for MBA graduates, but MBA is not for everybody. Moreover, adding to it if someone wants to do job in Indian economy, he should prefer MBA from top 20 institutes in India or from Abroad as most of the business tycoons like Anil Ambani, Rattan Tata, and our ex-Prime Minister Dr. Manmohan Singh, all got their studies from abroad. These private small Indian institutes are all money minded. They don't try to polish your abilities, your talents, moreover they don't have any good infrastructure. All they want is to fill their pockets and run their institutes. In my opinion we need both management education and also the practical things for business, because we get the knowledge from both as these are needed for great success in business. At the end note, I want to say that a person should know that MBA means Master of Business Administration and should work accordingly.

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Even before you can step into the sacred portals of a business management college, the excessive fees test your resolve. For some reason, an MBA is not supposed to come at a reasonable cost. The idea is that a sufficiently high cost will deter run-of-the-mill students from attending and ensure that the school only gets students that are really serious about completing the course. This makes it a little bit overrated. MBA offers high salary packages to the people after completing MBA and it might be the reason behind the increasing number of the candidates for MBA. It's open for any graduate from any field for e.g. the scope for simple arts graduate is nowhere but when the same graduate completes his MBA from any top B-School of India his importance is much more increased. Not only college grads but also software engineers and other workers are going towards an MBA degree due to the same purposes. These things altogether make it a bit overrated. Not much but we can say that.

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Is it over rated among students - yes. Is it over rated in the corporate world – no. Corporate world is a harsh place where you need to be one of the best to leave your marks and gain respect of others. Just having an MBA won't cut it. Here is the deal. While entering the corporate world MBA has some importance. An MBA from great schools like IIMs will surely gain you some respect. But once you have entered the corporate world, no one gives a damn about your degree. You have to prove yourself. If you perform well you have their respect and if you don't, be ready to face your boss's wrath. Even when you switch jobs most importance will be given to your previous work experience and not your degree. Many of the great managers and CEOs and other top officials are from normal schools but they have in them what is required to grow and climb up the ladder in this corporate world. So MBA isn't that over rated in corporate world.

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Yes, MBA is overrated but in limited sense of term. Nowadays you can easily see students who are doing their graduation for the sake of getting degree and hence they can do their master on MBA. But you have to know completely about MBA (I mean what is it actually in the corporate world). One concerning data point is that the Indian Institute of Management tuition has increased by 300% over the past 5 years, yet salary has only increased by 40% for job positions. That has to be a scary proposition for any considering a MBA in India. Then I found this which was extremely sobering. This tells me one in India has to really do their homework to make sure that getting a MBA is worth it since job placement is no guaranteed thing. That the scary but real scenario of MBAs in India.

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