Your 1st year of graduation has just completed. Well, practically the whole year you just attended college, chilled with friends and did nothing else. Your parents are furious at you for not doing anything productive and just wasting time. You desperately want to get out of the unproductive life and do something good for your career and that’s when you hear about CAT classes. A nerdy group from college has already joined them and the rest like you who have nothing else to do plan to join them. Every graduate these days wants to do an MBA in the future to build his career. Maybe because he really wants to do an MBA or there is nothing else to do after graduation.
The MBA classes take advantage of the ignorance and the lack of knowledge of the students. The 6 months portion is extended to a year and a half by taking the fees in advance and making it look like a long-term course. Going by the herd mentality, students opt for this course so that their parents feel like they are doing ‘something at least’ and they are safe from the guilt of whiling away their time doing nothing. A lot of students skip the classes or are not sincere enough. Little do they know that they are not going to be able to move any mountain at the end of this course. Simple reason- wrong timing!
Let’s talk about MBA as a course. It’s a post graduate degree/diploma that promotes knowledge and skills that are applicable to any organisation (regardless of the sector). The universal appeal stems from the MBA’s focus on collective business principles like finance, marketing, operations, technology, accounting, business strategy, organization. Due to the various presentations that students make while studying MBA, their soft skills get extremely toned and the students mature a lot. Students even build a very good network which is helpful in the long run.
MBA is not a course for everyone. MBAs are designed to allow people to progress further in their chosen careers, or make a career switch – not to start at the bottom. The various reasons why an MBA should not be done directly out of graduation but after 2-3 years of work experience are as follows:
In MBA, a lot of learning is done through the experiences of your peers and lecturers. It is practical knowledge that is shared and you understand it only if you have had some work experience yourself.
In schools & colleges, education is extremely theoretical. You see a stark difference between the theory and its application in reality. Thus your working interests would not be parallel to the bookish knowledge you had crammed and you realize the need to acquire skills in the field that interests you. An MBA is a blessing for such people as it helps them to study the subject they enjoy working in and later continue their career in the same field. If the MBA is done after decent work experience then the option of switching careers due to disliking the field you have gained knowledge in goes away.
With some work experience in your hand, you are somewhat aware of the niche field in which you want to specialize in the long term. Such knowledge helps you to take up projects and research work related to that niche career field. These projects always help you get a better job.
Statistics have shown that companies prefer to recruit students post MBA who have prior work experience. The pay and the profile of such students are seen to be superior to the ones who don’t have prior work experience.
If the student is inclined to continue education even after post graduation, then she/he can take up certification courses that can be done along with a job. In finance, the best bet is to take up CFP during graduation and CFA during post graduation. In fact, CFA + MBA is considered to be an excellent career choice in finance (If you are confused between CFA and MBA, then have a look at http://pursuitcm.com/should-i-do-a-cfa-or-an-mba/). For marketing students, courses in Digital Marketing, Photoshop, Web Designing etc. are good choices along with internships or jobs. It’s important for students to understand that nothing can substitute practical work experience. Hence, it is the best option to pursue an MBA only when you have gained work experience.
Please note the information given above is mainly for students who want to do a job and not become an entrepreneur.