The Indian Institutes of Management’s online registration for the IIM CAT 2020 exam is now open. Lakhs of aspirants will fight it out to secure the coveted seat in IIM, or other desirable MBA colleges, to get one step closer to securing their dream jobs. But what if I told you your fancy B-school degrees are becoming increasingly irrelevant in today’s fast-changing world, and that India’s MBA-IIM obsession is merely a consumerist demand created by the education sector?
The death bells of doing an MBA have been sounding for a while now. According to an All India Council for Technical Education (AICTE) report, more than half of MBA graduates failed to secure a campus placement in 2016-17. Apart from the general job crisis in the country, the outdated curriculum has been cited as one of the reasons these institutes fail to woo companies looking to hire.
It turns out, the Return on Investment for a lot of management courses is quite poor. An MBA from non top-tier college costs somewhere around Rs 8-12 lakh, but only fetches a job that pays on an average Rs 40,000 per month. Don’t forget the costly CAT coaching classes, which can run up to Rs 75,000 a year. In contrast, vocational courses cost much, much less, which means you not only recover the total investment a lot sooner but also start making more money.
Since IIMs, considered the crème de la crème, have produced noteworthy alumni, who now head global conglomerates, and an average graduate enjoys enjoy a hefty package of Rs 20 lakh per annum or more, the craze refuses to die. But it’s worth noting just how many young Indians actually secure admission in top management colleges.
More than two lakh students battle it out every year for a little over 3,200 seats in the ‘dream factories’ of India. The competition is so stiff that even those with 99 percentile CAT scores fail to make the eligibility cut for IIM interviews. And MBA degrees from tier-2 or 3 colleges are only likely to give you diminishing returns.
The cut-throat competition to enter top colleges has given way to the booming markets of coaching centres, who perpetuate positive sentiments for these degrees and market them as an almost sacrosanct part of your life. So there might be a glut of management institutes, courses and students, but the saturated market will still profit from you from becoming another tiny droplet in the ocean of MBA graduates.
Also read: Mukesh Ambani’s online cult is growing. Everyone loves a desi, patriotic, sanskari billionaire
MBAs don’t make CEOs
The chief executive officers (CEOs) aren’t made in colleges, but on office floors where experience holds more value than a degree. An MBA might be able to give you a headstart, but it can’t guarantee the topmost position.
Even Google CEO Sundar Pichai warned students of this obsession with doing an MBA from IIMs. “I get very surprised that people get into the IITs and immediately they are thinking about IIMs and so on..” Pichai had said in a conversation with students at his alma mater, IIT Kharagpur.
An MBA is often seen as a guarantor of success, at least when it comes to earning massive salaries and making it to the top position in a company. But consider this: the 2016 Mint analysis of the top 500 companies on Bombay Stock Exchange (BSE) showed that only 144 CEOs of 466 companies had an MBA. A 2017 survey showed that only 28 per cent of India’s CEOs have a master’s degree in business. We should also note that the ‘Forbes Billionaires List’ of 2020 found that among the top 100, only 11 hold an MBA degree.
There must be something amiss in MBA courses, or something so redundant and useless about them that industrialists like Azim Premji and Mukesh Ambani, albeit privileged students for sure, left their courses at top business schools mid-way. If MBA courses did offer the value they promise, we wouldn’t be here after all.
It’s funny how Ambani, the richest man in Asia, left his MBA degree at Stanford University, while his brother Anil Ambani, who is now bankrupt, went on to complete his degree from Wharton. If MBAs courses did teach you how to run businesses impeccably, the situation would have been slightly different here, don’t you think?
The people mentioned above acquired their parents’ business, one might argue. But even successful start-up founders like Vijay Shekhar Sharma (Paytm), Byju Raveendran (Byjus) and Ritesh Agarwal (OYO) — all non-MBAs — prove it’s the idea that counts. And good ideas don’t seek a degree before coming to you.
The times are changing, many job creators now look for specific skillsets, instead of going by the book and picking the first MBA who walks through their door. Many of these colleges also teach students outdated and obsolete curriculum that’s way behind the curve of change. For all the focus on the dynamic nature of business that these courses obsess over, they bring little dynamism to their own courses. In a volatile market, leaving a fresh employee with a bunch of Peter Drucker or Philip Kotler theories, and some business jargon in their pocket won’t really be of much use.
Also read: 2020 has been a forgettable year for most, but not for Mukesh Ambani and Reliance Jio
The illogical IIT-IIM combo
Indians hate taking the road less-travelled. Even though the relevance of MBA is decreasing, the course fee is sky-rocketing and people are still willing to dole out lakhs and lakhs, in dreams of an average-paying day job.
We’re too busy adding yet another brick to the wall to stop and weigh the alternatives. So often parents want their kid to to follow the 6-step outdated plan devised to crack ‘success’:
- 10th mein padhai, phir aish he aish (Study in the 10th grade, and then you can chill forever)
- Opt for science or leave the house
- IIT, then you’ll earn more than you can spend
- IIM, then you’re a guaranteed crorepati
- Bag an average, secure job (in this economy, really?)
- Die
While choosing subject streams in Class 11, we are made to believe our choice will determine the direction our lives take. More often than not, we are forced to take science, but are not told all paths will eventually meet at the doors of MBA colleges. It’s true, you’ll most likely meet your science section friend standing in the same queue as you for a business school interview. The natural precursor to pursuing MBA should be a BBA (Bachelor of Business Administration), but it is, quite strangely, BTech (Bachelor of Technology).
About 87 per cent students who have enrolled in IIM Bangalore’s post-graduate (PG) programme for 2020 are engineering students; 55 per cent of CAT applicants this year were engineers, while all 11 of the 100 percentile scorers were either BE/BTech students.
One of the people who lived the ‘Indian dream’, but found fame and happiness in an alt career, is Chetan Bhagat. But in his words, he wasn’t ever happy. The IIT-IIM grad left his high-paying job to write sub-par literature. And while people like me can criticise his work, it is an undeniable fact that he is successful, and one of the most recognised Indian authors in English today. To do something he loved and live a life on his own terms, he didn’t need an IIM degree. In fact, he probably would have written more nuanced books had he studied English or one of those wretched Arts subjects. Who knows!
Views are personal.
all the incorrect information, bad research and an equally horrifyingly misleading article just tells me this :
1) the author didn’t score well in CAT or couldn’t get a Bschool /maybe a dropout who had personal reasons to not continue this course and now just venting out anger.
2) has absolutely has 0 idea how education works in India
3) maybe just plainly not educated enough (by this i mean aware enough or have common sense enough to write such article)
4) is absolutely unaware how mba works what are the subjects of mba and why people are doing mba.. just indulge himself/herself in facebook whatsapp stories of how people dropped out and became successful.
4) plain jealous . has parents who remind him/her that mba degree would have fetched high paying job
5) entitled enough to comment on something he/she has absolutely no idea of
6) and lastly and not the least : just wrote this article so that he/she can get enough clicks and views where actually educated people will come and try to explain how education system works
7) all the so called facts dont have any relation reality . lives in her dream world. should just come down and become an educated hardworking person who will think twice before dissing lacs of people’s dream and hardwork just because she couldn’t achieve it .
thank you!
print kindly take down this post which is factually incorrect
When you don’t know pronouns of anyone please use they/them 🙂
The author is biased , what about so many MBAs who are CEOs of global corporations like – Indra Nooyi, Sundar Pichai, Satya Nadella, Rajat Gupta, etc.. , .In India most qualified professionals have limitations because many Indian companies in private sector are family owned, prefer only family for the top job
Well, quite true but in some way or the other everything in life will take you somewhere and an opportunity to brush up yourself at the same time enrich your knowledge!!
Bw quite well written 🙂
Give example of Dhirubhai Ambani how he started .
Not of Mukesh and Anil Ambani.
Not everyone’s father is Dhirubhai Ambani.
Mukesh Ambani did BE in chemical engineering from ICT , Mumbai , then pursuing his MBA from Stanford .
In 1980, the Indian government opened PFY (polyester filament yarn). Dhirubhai Ambani applied for a license to set up a PFY manufacturing plant. Obtaining the license was a long-drawn-out process requiring a strong connection within the bureaucracy system because the government, at the time, was restricting large-scale manufacturing, making the importation of yarn for the textiles impossible.In spite of stiff competition from Tatas, Birlas and 43 others, Dhirubhai was awarded the license, more commonly addressed as License Raj.To help him build the PFY plant, Dhirubhai pulled his eldest son out of Stanford, where he was studying for his MBA, to work with him in the company.
Anil Ambani after getting his B.sc degree, completed his MBA in 1983.
And anyhow both were involved their father’s business.
In 1985 Dhirubhai Ambani’s close friend and executive expired.
In 1986 Dhirubhai Ambani suffered from his first stroke, resulting in giving his business in hands of his eldest son.
In 2002 Dhirubhai Ambani died due to second stroke.
So, basically till 2002 Anil Ambani having MBA degree or not have experience in
his father’s businesss of 20 yrs
And Mukesh Ambani having experience of 22 yrs.
And in 2006 division of reliance
So what Mukesh Ambani did
And what Anil Ambani did in present times
Did not depends upon 2yrs MBA degree that he took between 1981-1983
Why is it a problem if the BTech graduates do have a better general ability over others? Even today, a BTech degree gives people a living. May be that’s a mediocre living but still it is capable of providing that unlike other degrees. There must be something right? It’s time that you try to accept that. And I was a huge fan of history and literature back in my school days, so please don’t lecture me on the value of humanities. But clearly no one has any right to defame other streams. And yes, there is a difference in solving rotational mechanics problems and memorising food value in nutrition or the year and dates.
But who does that kinda engineering most engineerss like you end up becoming technology clerks and then marry a government clerk by paying dowry. And what’s this lust for job a TV producer earns more than an IIM grad these tough exams are nothing but an entry barrier ever heard of people who.dont study in formal structure and still get rich . Most jobs which IIM students do go to community college graduates in USA . Go read about Laura desond and Bob Parsons even your IIT BhU Nikesh arora got more successful by doing a shitty MBA in northeastern after being rejected by IIM . Don’t compare starting salary tell me how much he is ur networth
What was written in the above article is so her true, but it holds true for any career in India as it does for MBA. Be it engg, or medical, or fashion, or PhD, etc. We cannot thrive in this world without experience and hard work. What I’d like to point out is the insensitive tone used here’s. Although I know the article is written by much more experienced person than me but this feels like blatant display of hatred towards MBA pursuers. The use of words like “dream factories” is not applicable only for B-Schools, for any other college it is the same. It is more about the choice of a person rather than the set path and money they get in the end. It is the person who crosses the next 4-5 years of his college life and what they will study. If a person wans to study something within their limits, there will be no person who can stop him from opting the subjects of their choice and if you are unable to go against someone’s wishes and choose what they want, you need to understand they are not the ones getting any loss or gain from it.
Indeed again the article brought to the light the truth regarding the myth of good jobs and money making through MBAs and I applaud the writer for it but please be a bit more sensitive towards other people’s desires being highly influenced by the internet.
Only 11 CEOs out of top 100 are MBA… so which course provides more than 11 CEOs in top 100??
The approach of author is full of negativity, and she has fallen in the same trap as those who say IITs don’t produce nobel prize winners, the truth is iit is not supposed to produce them, because IITs reputation is because of its courses in applied sciences and Nobel prize is given mostly for achievement in pure sciences.
MBA is not supposed to create CEOs or entrepreneurs. It is supposed to prepare people for being to grasp the basics of business management and then perform the job.
I have performed recruitment at IITs and IIMs for various kind of technical roles. While no one can guarantee performance of a fresh recruit but on probabilistic basis an IIT +IIM graduate performs better in most difficult and challenging scenarios as well without much effort.
I don’t recruit for CEOs but young people who have capability to analyse businesses.
BTW …. One point which author perhaps missed is that making it to CEO post in an already established organisations requires a lot of political acumen in most cases…. Which of course is not taught/encouraged at IITs and IIMs.
Just think of names of organization’s which started recently and have achieved big valuations in India and think of the names that started them. You will find IIM or IIT there.
You don’t need a Top 5 MBA to succeed, but you do get an excellent education, learning from various established sources and Professors, albeit a little outdated at times but still applicable, and the rich experiences gained from the learning as well as the working-sharing-cooperating together and competing against another environment. Experience counts alot but who can validate whether the experience alone is of high quality. Therefore, a top-tier MBA provides a formal training that is planned, processed, and prepared by experts, although imperfect, to provide you with the best possible learning outcome. This is a personal opinion of an alum of a Forbes ranked 20’s US MBA who is of Chinese descent from Malaysia.
Can’t compare Skills of students of different colleges in India or abroad.
IIM student skills and other college skills is definitely references.
A Person who has money with or without literature can recruit an MBA student for development of his business.
In this case who is intelligent MBA student or reach man but I say that both are skilled because reach person selected an MBA graduate to take care of business and business graduate has an opportunity to prove is skills.
Even Sundar Pichai did an MBA, what a bullshit post
Can’t compare Skills of students of different colleges in India or abroad.
IIM student skills and other college skills is definitely references.
A Person who has money with or without literature can recruit an MBA student for development of his business.
In this case who is intelligent MBA student or reach man but I say that both are skilled because reach person selected an MBA graduate to take care of business and business graduate has an opportunity to prove is skills.
Managers are not made in heaven but leader are made in heaven.
The conclusion is drawn due to Tier II and Tier III B schools pass outs.
You can’t deny the contribution of these young and bright minds in the industrial development of new india. The ideas and skills and fearless attitude these young minds acquired at IIM and Tier I B schools.
If you had an MBA then maybe you would be able to understand what anecdotal evidence is and what outliers mean.
It’s strange. Common people exhibit a greater sense of nuanced thinking, evaluate opinions critically in their day to day lives. Are journalists really the stupidest of the lot, who cant cut it in any other profession, and hence they land here.
Such a simplistic article, with stupid remarks, can the journo do no better than a just vomiting a bucket of words which is no better than drunken hostel room banter. SG makes a huge effort in his late years, sets up this organisation, talks up his young colleagues – and these are the specimens. Ambani(never mind his lineage) and some others make it without MBA, so MBA is bunk. What exceptional lack of ability in choosing the topic and arguments.
Why should journos like these not be allowed to drown in their incompetence as the ground slips beneath their filth. Even an average 12th standard student can put more substance and points of view into their essays. I find it hard to believe that journos as incompetent as this are to be dragged as part of the burden for startups like Print. How can incompetence like this, with no sense of self awareness, survive and earn a living, just relying on the kindness & patience of more hardworking colleagues. How can they not even think of improving their contribution, making more of an effort. What drives this kind of people to not even want to consult or discuss with others before they put out articles of such low quality.
Amazing that this kind can hold down a job in these times. Even if the journo is a relative of someone in the org whose exasperated benevolence let’s them draw a paycheck, such sympathy is unfair, most cruelly to the journo him/her-self.
I personally feel this article focuses on the fact that we idealise these institutions and consider them to be our most important goal. But we should understand that it is not about which institution you are from, it is rather about how well can you handle yourself in the job environment and how well you use your calibre. Understanding this will reduce the pressure on the student to get into an esteemed university and help them take their failure to enter the institute positively is what I feel.
The Print shall also reveal that privilege and lobbying govt. Of various state and country made Mukesh Ambani and others what they are. Not merit. Merit makes you better paid slave of this economic system, that’s it.
But ofc, why would liberals not go with current of time?
Tomorrow if Marxism wins, the print will be favouring even Mao, just for sake of liberty and followers.
We can see it’s only the personal opinion of hers! writer Shubhangi Misra.
Getting a degree or start-up depends upon
your status and situation and person himself ,
You cannot just give your clearly biased opinion via such article, “which is clearly debatable”.
Silly article
Why do Patym / Reliance / Byju hire from these Bschools ?
disgruntled chap who didn’t manage to get into IIMs . LOL.
A comprehensively stupid article without any fact and proper hypothesis.
LoL… So basically ppl should pick up f(art) degrees and become journalists. That way, you an be super hypocritical, get to criticise everything and everyone, tag along with powers that be… Matlab, kisi ko nahi chhoda… btw, selective examples can come from anyone. One can take many entrepreneurs from IIMs and claim it matters greatly etc that you studied at one….
PS. Disclaimer : I graduated from an IIM.
Okay for the start-up or business men but what about people who want 9-5 job?
Dear Author kindly visit any of the job site and see the requirements for any job! Even a Sales job today requires and MBA degree along with some yrs of exp. So inshort in future the MBA would start after your SSC only!!!!!!
Okay for the start-up or business men but what about people who want 9-5 job?
Dear Author kindly visit any of the job site and see the requirements for any job! Even a Sales job today requires and MBA degree along with some yrs of exp. So inshort in future the MBA would start after your SSC only!!!
Immaterial whether you are MBA or non MBA.Businessman is a class , a class of exploiters who has no morality even if he is a MBA.But , a MBA in tru sense is a man of morality, honesty and ideal nature which a businessman lacks.Thus, Tagore said once ” The Illiterate prospers in wealth , but the learned prospers in glory ” !!!
Excellent piece. MBA is good since it equips the student with analyical techniques which can aid management. But these do not teach how to visualise and convert dream into reality.
Bright engineers drifting towards IIM means reduced talent for technology, engineering and product development. Why is it happening? It’s simply because this country gives rotten deal to engineers.
The author forgot the best examples where people with lack of education rose to the top : Modi (unless you count his forged degree); Yogi; Amit Shah; Sadhvi….
In an interview, Barkha Dutt asked Smriti Irani whether she felt her being just a 12 std. pass affected her career. Irani made a contemptuous face expressing ‘see where I got’.
For Hindus, the best Return on Investment is to join a shakha, participate in some riots, organise some riots.
Did someone fail to secure his seat in an IIM? An MBA won’t make you a rich CEO, sure. But how many people can become CEOs in the first place? And the brutal reality is that regardless of what your degree is, unless it’s from a good uni, you’ll end up with a subpar salary anyway. So this article doesn’t really have a point, does it?
I enjoyed reading the article , not for its merits but for the entertainment value of a familiar debate . I do not have a precise idea of the success of MBA graduates so that is something that I won’t comment on but the last part , the IIT _IIM comment is something that is easy to comment on .Why do people go to the IITs, that is not something that should be in the realm of debate , almost everybody seeks social approval, wants to be considered smart and the guaranteed way to achieve that is by graduating from the IITs. But IITs mean an engineer , an engineer one would presume works on factory floors with machines and that is not something most smart people want to do . They want maximum social approval in minimum time . So you want to lead , be a leader , a manager of men ( most people hate ‘chamchas’ , that is they don’t want to be one but all the people would want smart chamchas to surround them). So how can one be manager of men , you could be in politics , you could be in business or perhaps one could be MS dhoni . As one can easily understand , these options are not available to most men/ women . So you do your MBA after an IIT and may end up like Raghuram Rajan advising the PM and the finance minister . Or end up like scores of others with mid level corporate jobs paying decent money and when it does not whet your appetite you could always go the Chetan Bhagat way , write subpar literature and be famous and advise PMs and nations through your editorials in national newspapers .
I guess the author of this piece can take down ‘The Print’ single-handedly! Looks like a novice journo anyways with limited experience of writing quality articles. Over and above that trying to cover it up with redundant “Research”! Most probably the author is very young too since the Science vs BBA precursor example is Faux Pas without her knowing it. I mean everyone knows the stress on Quants as an important need of B School curriculum and do you get a lot of stress on Quants in BBA? Nope. But unfortunately our young author here is too well ensconed in her own little world of “Not an MBA”!
I guess the author of this piece can take down ‘The Print’ single-handedly! Looks like a novice journo anyways with limited experience of writing quality articles. Over and above that trying to cover it up with redundant “Research”! Most probably Shubhangi is very young too since the Science vs BBA precursor example is Faux Pas without her knowing it. I mean everyone knows the stress on Quants as an important need of B School curriculum and do you get a lot of stress on Quants in BBA? Nope. But unfortunately our young author here is too well ensconed in her own little world of “Not an MBA”! Shubhangi, I am not trying to cover up flaws in the Indian business education scene. But please do not use harsh words against those people who try to dream without being none the more knowledgeable. It would be like me coming in and giving gyan about how reporters are the worst professionals in India currently with no idea about whatever they are doing or just trying to make a quick buck out of bullshit since they cannot do any better etc. But am I qualified to say all that? Obviously no because I don’t know anything about reportage and media. Hence please slow down on the lambasting part and maybe try to appear for CAT if you really want to see what IIMs impart to you apart from a degree. Or GMAT atleast if you feel CEOs are not IIM produce and you need to travel to Harvard for that!
On a side note to The Print seniors if you read your readers’ comments: Our young author here has fire for sure and looks like a determined individual. Please do give a serious thought to sponsoring her for an EMBA at some fine place abroad like some of your media peers have already done. And also please try to involve SMEs before a post is published! One bad post is equivalent to a 100 good posts in today’s not so discerning world.
Bad analogy… Wrong person too to evaluate.
For the author and MBA might be useless. All those rationales that curriculums are redundant apply to every field of study be it an MBA or even the technical institutions like IIT’s. That is where the institutions role at updating the curriculum and staying relevant comes into picture. The curriculums at top IIM’s are constantly evolving which enables individuals who are studying at those institutes to be able to develop a holistic and sound perspective. And give then skills to understand instances where cherry picking is being presented like facts ‘like in your narrative’. Disparaging an entire branch of study and stating it’s irrelevant is exactly what our society did with arts as curriculum. You definitely don’t need an MBA degree to become a CEO and there are numerous other ways to do that, but the experience of an MBA degree is worth the price paid for it.
Author need to take a hard look at the narrative and avoid presenting certain cherry picked facts as a rule.
Dear Shubhangi,
I can feel your pain of you not getting into any of the schools of repute. You have cited examples from here and there. Anil Ambani doing an MBA and going bankrupt, Mukesh Ambani dropping out and a billionaire. How can you even quote those people? They have inherited a sum that have helped them employ top of the class MBAs. Your logic can be interpreted as if Mukesh Ambani were illiterate, people should stop going to schools and that will ensure the trillion dollars!
Saw your profile and noticed that you graduated 5 years back from Mumbai University! Hell of an experience you have got to headline a para saying illogical IIT IIM combo.
Instead of penning down your hatred for the IIMs, try visiting any of the campus. You will understand the diversity of people, culture, minds.
MBA is not restricted for any particular background, engineers are in a good number as they have the analytical skills to crack the entrance.
You have quoted Mint article. Try grasping those figures after reading that article twice, may be more given your grasping ability. The CEOs from IIT and IIMs don’t have parents working for MNCs. They made it there, fought their way towards the top.
I understand it would be difficult for you to comprehend these arguments, but one at a time helps.
If you make full use of MBA or B.Tech or any degree( especially from a top institute), it will be beneficial always. The concepts taught are the basics which are always used. Apart from that you get to learn from your peers and also get to know the other side of any situation. The main reason for a business person to be successful or not is always about how many relevant factors can he consider while understanding a problem and then futher making a decision. If you are able to properly analyze situation, identify problem and finally find or create possible solutions, you will do well mostly. This sense of understanding and analyzing is definitely offered in an MBA, but only if you make proper use of your degree.
Clearly written by some third rate journalism school grad who couldn’t crack cat, such venom. This article should be used in a logical fallacy and hatred class, the Print shouldn’t encourage such piece, destroys your credibility.
Author of the paper is mentally too poor to understand the importance of management education. He is qoting Mukesh Ambani, but how many Mukesh Ambani do we find in India. MBA is not a degree only for job in my opinion rather it make us learn how to become a good human being; how to lead a happy life; How to take our organization to the sky and so on
An amazing content…Great work!
This is so mediocore writing. When you compare, have some sense in it, don’t go by exception. Compare if those guys who have done MBA and their peers who didn’t do, what is difference in average salary. Many of them will be unemployed. People are going for MBA because market pays more to them compared to non MBA. And market pays not for fad but they get more value. And Dhirubhai was non-MBA so being non-MBA is best, strange logic
You sound too childish. Who has no idea what you’re talking about. I happen to be from IIT and currently pursuing MBA from IIM. The ‘dynamic duo’ as you mentioned. The exposure i got while studying in IIT is beyond comparison to local colleges. The level of knowledge and experience you attain by studying in such premier institutions changes your whole outlook on life. Hence i believe its really worth pursuing these institutions by working hard.
Speaking on why Engineers further attain a MBA is because with technical knowledge learning the management aspect of work life help excel. The positions such as Project ‘Managers’. Construction ‘Managers’ and lead management positions often require someone who knows the technical skills. A BBA+MBA applicant can never handle such positions due to lack of knowledge in the fields.
Your whole article is just a salty teenager ranting about something beyond their comprehension. Grow up
You sound too childish. Who has no idea what you’re talking about. I happen to be from IIT and currently pursuing MBA from IIM. The ‘dynamic duo’ as you mentioned. The exposure i got while studying in IIT is beyond comparison to local colleges. The level of knowledge and experience you attain by studying in such premier institutions changes your whole outlook on life. Hence i believe its really worth pursuing these institutions by working hard.
Speaking on why Engineers further attain a MBA is because with technical knowledge learning the management aspect of work life help excel. The positions such as Project ‘Managers’. Construction ‘Managers’ and lead management positions often require someone who knows the technical skills. A BBA+MBA applicant can never handle such positions due to lack of knowledge in the fields.
Your whole article is just a salty teenager ranting about something beyond their comprehension. Grow up
Not entirely true. Our son’s two years at IIM A have made his life and fortune. I hope our Ananya goes to Stanford.
Very biased article…business education is very important…it should be given at undergrad level by top b schools…people are wasting their time doing random courses at undergrad level…
Author seems to biased against MBAs , Even Mukesh went for his MBA at Stanford GSB . One should not forget successful MBAs in Global corporations like Indra Nooyi, SatyaNadella, Sundar Pichai, Rajat Gupta, list is endless. The reasonS why qualified professionals cant thrive in India are many , mostly family business, govt manipulation etc.. All in all the article represents quality writing.
So much hatred towards MBA. Pretty sure the author tried to get into tier 1 colleges and failed.
Everyone brings certain value to the table. Its not easy to get into IIMs in India which has the lowest selection ratio in the entire world.
There are equal no. of MBAs as well who have created or leading very successful companies. Its very easy to pick out a few exceptions and generalize everything.
Each course whether MBA, journalism, engg, Design etc has its own merits and media should respect that before blindly publishing such articles.
I agree with the first statement. Haven’t read ahead
So much hatred towards MBA. Pretty sure the author tried to get into tier 1 colleges and failed.
Everyone brings certain value to the table. Its not easy to get into IIMs in India which has the lowest selection ratio in the entire world.
There are equal no. of MBAs as well who have created or leading very successful companies. Its very easy to pick out a few exceptions and generalize everything.
Each course (whether MBA/ journalism/ engg/ Design etc) has its own merits and media should respect that before blindly publishing such articles.
The writer sounds crying over spilt milk with distaste towards MBA. Like Arjuna in grief and despondency seeing the battle field at Kurkshetra.
The writer’s views are very parocial and highly subje tive, not all weighing values of efforts recognised, which are rewarding…(don’t always value everything in terms of money).
Brilliantly written. Kudos.
Mukush Ambani is an MBA too. And that too from the best in the world. Wharton school. Much higher ranking than IIM-A. So basically this article is just idiotic to compare with him:)
Yeah, Look at Mukesh Ambani he dropped out of MBA but he was from Stanford’s MBA Program. Anil Ambani did from Wharton.
He dropped out no??
Stanford
Actually Makesh left his MBA when his father called him for his textile business. He never completed his degree of MBA.
What you can expect from the print
Unfair to call Bhagat a writer of ‘sub par’ literature. A pop writer would have been a better moniker.
Plus people are a product of their own journey in life. Had he taken up an English literature course, his outlook and experience would have gone on a completely different trajectory We might never have had the chance of seeing simple stories written in vernacular, easy to understand English which ended up striking a chord with so many people- So much so that iconic movies were eventually inspired out from them.
So true, go to LinkedIn and people wear thier degrees on the sleeve as an excuse of they being mediocre.
Have you done MBA yourself ? If not how can you judge?
Well said!!! But as an IIM graduate, I got an amazing experience for a lifetime.your analysis is bang on expect you missed the enriching experience one gets in their MBA. Chetan Bhagat might not need IIT IIM, but he got his identity and fame by writing books about his experience in IIT IIM.
That’s cool…:)