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 submit by an IIM graduate paints a special 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 might 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 really 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 could be transformative—if leveraged accurately. The curriculum is designed to power 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Nonetheless, the Redditor raises issues about how outdated some MBA programs are, stating, “The world is evolving, industries are altering, however the way in which we’re taught nonetheless feels outdated.” A stronger deal with sensible publicity, industry-driven studying, and fashionable ability improvement is important to make an MBA actually invaluable.
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 could be exhilarating, but additionally financially draining.
With rising prices and a altering job market, blindly chasing an MBA—simply because it is the newest development—may result in disappointment and monetary burden. The hot button is understanding what you actually need from an MBA and whether or not it aligns together with your profession targets.
The Redditor sums it up: “An MBA is value it solely in case you have a transparent motive for doing it and know leverage it. In any other case, it’s simply an overpriced trip that leaves you with a flowery diploma, a mountain of debt, and no actual expertise to indicate for it.”
The submit kicked off a debate with one Redditor saying, “MBA is a nugatory diploma however a superb platform to get higher paying alternatives. It depends upon your outlook – retaining good schooling or constructing a community?”
However one other consumer stated “MBA labored wonders” for the person. The 2021 IIM pass-out elaborated that earlier than MBA, the person’s wage was Rs 5 lakh each year. “Now, I’m at Rs 30 lpa, accomplished with my research mortgage not too long ago. So yeah, it’s nonetheless related I might say,” the consumer added.
