Is MBA still worth the Time and Money?
Is it worth the time and money to get an MBA from one of the best management college in India?
In
2019, 2.5 lakh candidates for CAT appeared, but the industry still suffers from
a severe shortage of qualified MBA professionals. Here are some reasons why you
should get an MBA from a reputable college.
In 2019, around 2.5 lakh of
candidates applied for CAT (Common Aptitude Test) and around 85,000 aspirants
for the SNAP (Symbiosis National Aptitude Test), and around 80,000 students for
the XAT (Xavier’s Proficiency Test). These are all the standard entrance exams
to get admission to the top MBA course in Punjab, India. Why do many applicants pursue an MBA from top MBA colleges in India? Is it worth investing time and
money in an MBA course? Let’s look up some reasons why this is so!
MBA is not just another post-graduate degree course
MBA degrees are highly relevant
to aspirants seeking interdisciplinary knowledge, as well as the ability to
cultivate strategic thinking and learn effective communication and negotiation
skills that are demanded by companies.
This makes an MBA one of the most
coveted degrees that form the foundation for managing a complex organization.
A Profitable Option
An MBA degree can offer several
lucrative employment opportunities. Opportunities for a good career with
excellent financial stability at the same time make a MAB a lucrative option.
Trial Run before Actual Business Execution
An MBA
course in India with its projects, assignments, and case studies helps
students practice and solve real-time business problems in real-time as they
continue their management program. This helps the student to become creative
thinkers and has a lasting impact on their life and career.
These contests are usually open to a few
colleges in the country and are an excellent opportunity to work on business
problems in real-time and compete with other students from other institutes to
see if they have a better solution than the one proposed.
This makes a world-class institute, MBA worth
the time and money.
Solid professional network
In today's world of VUCA (volatility,
uncertainty, complexity, and ambiguity), the network that can be built becomes
an asset of the person. The better the network, the more likely it is to
prosper and grow in this competitive world.
In addition to the opportunity to network with
the professional world, institutes also have a comprehensive alumni network that
is of immense value to all graduates.
Developing heterogeneous skills
More and more MBA graduates work
in technology, retail, healthcare, pharmaceuticals, education, nonprofits, and
other industries. In addition to learning marketing, finance, operations, and
people management. MBA candidates also learn skills such as problem-solving,
critical thinking and logical analysis, leadership, and team management.
The program helps to generate an
intellectual curiosity and heterogeneous skill set that will be of great help
to students as they progress towards their ultimate career goal.
Value for money
Tuition fees for an MBA program
are increasing in all top management colleges in India. The price-performance ratio (taking into account the
material and intangible aspects) is given by only a few leading Indian
institutes.
Therefore, an MBA is only worth
your time and money if it is carried out by reputable institutions with a good
brand value that can have rub off on students as they graduate from top
institutes.
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