The MBA craze continues to develop in India. Yearly, over 3.3 lakh aspirants compete for a seat on the coveted IIMs, however solely round 5,000 make it. The exclusivity makes it really feel like a golden ticket to success. However how true is the declare?
A latest Reddit put up by an IIM graduate paints a distinct image—one which’s full of rising prices, unsure job prospects, and a shifting job market.
The price of pursuing an MBA has skyrocketed, with charges at prime B-schools touching ₹25–30 lakh, whereas placements stay unpredictable. The return on funding (ROI) is more and more skewed, as touchdown a high-paying job isn’t assured. Because the Redditor places it, “Charges are skyrocketing, placements are unpredictable, and plenty of college students are drowning in financial institution loans. Until you land a top-tier job, it could possibly take years to interrupt even.”
Including to this problem, recruiters are shifting from degree-based hiring to skill-based hiring. Whereas an MBA could look nice on paper, it’s problem-solving, analytics, gross sales, and management that truly get you the job. With out honing these expertise, “even an IIM tag gained’t prevent,” warns the graduate.
Regardless of its flaws, an MBA will be transformative—if leveraged appropriately. The curriculum is designed to pressure college students out of their consolation zones, encouraging them to talk up, take initiative, and compete in real-world eventualities. However success isn’t handed on a silver platter—college students should actively take part in competitions, initiatives, and networking to face out.
Nonetheless, the Redditor raises issues about how outdated some MBA programs are, stating, “The world is evolving, industries are altering, however the best way we’re taught nonetheless feels outdated.” A stronger concentrate on sensible publicity, industry-driven studying, and trendy talent growth is crucial to make an MBA really useful.
Past tuition, an MBA comes with an costly social tradition. From networking occasions and journeys to events and peer stress, maintaining with the gang burns a gap in college students’ pockets. The 2-year journey will be exhilarating, but in addition financially draining.
With rising prices and a altering job market, blindly chasing an MBA—simply because it is the newest development—might result in disappointment and monetary burden. The hot button is understanding what you really need from an MBA and whether or not it aligns along with your profession objectives.
The Redditor sums it up: “An MBA is value it solely in case you have a transparent motive for doing it and know the way to leverage it. In any other case, it’s simply an overpriced journey that leaves you with a elaborate diploma, a mountain of debt, and no actual expertise to point out for it.”
The put up kicked off a debate with one Redditor saying, “MBA is a nugatory diploma however a superb platform to get higher paying alternatives. It is dependent upon your outlook – retaining good schooling or constructing a community?”
However one other person mentioned “MBA labored wonders” for the person. The 2021 IIM pass-out elaborated that earlier than MBA, the person’s wage was Rs 5 lakh every year. “Now, I’m at Rs 30 lpa, executed with my examine mortgage lately. So yeah, it’s nonetheless related I might say,” the person added.
