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Full time MBA

The perception is that an MBA degree is quintessential for your success in the business world. However, the painted rainbow does not always end up leading you to the pot of gold. Considering the enormous cost that a candidate incurs during the two year period and subsequent debt for next 10 years is surmounting. There are instances when that debt was never paid as candidates fail to bag jobs with richer benefits to take home. As pointed by Jeffrey Pfeffer, professor of organisational behaviour at Stanford Graduate School of Business, “A degree has value only if the degree is scarce, and the current industry is abundantly filled with MBAs.”

On the other hand there are business leaders like Christine Ricci, who believes that an MBA is a must-have for surviving in the world of business. Ricci, a senior manager in B.E. Smith, Marketing and PR, feels that organisations need to promote its employers to pursue a professional degree like Full time MBA to spearhead the competition.

Contrary to her opinions, Jonathan Guidi, the president of HealthCare Recruiters International feels that candidates should enrol for an MBA only when they are going to the top schools. According to him, from hiring point of view, it hardly matters to the recruiters in case a candidate has done his/her MBA; what matters is the previous work experience and candidates’ personal skill sets.

Many would argue to this point as this may go against their ego and they don’t want to spoil their personal brand of having an MBA. Nonetheless, two things professionals need to take care of before going to the MBA class. If at all they are going for an MBA, they should aim only the top-ranked schools and find out a program that suits their past experiences and future demand of the same in the market. For example if a program is designed for seasoned professionals then early professionals may avoid this program as this would do no good for career advancement.

Professionals who choose to leave the workforce to return to school may hurt their careers, given that many clients want someone who has been focused and on an upward trajectory—not someone who has moved back and forth. Another precaution one must take is the cost. One needs to find out the RoI of a program before enrolling it and the benefits that it would reap post qualification. There are numerous cases when people after spending a fortune was not able to repay their debts because the degree they earned is never valued in the market.

Thousands of MBAs are flooding the market every year in India and abroad. However, jobs are relatively constant and hence chances are there that a candidate may not get the actual value of one’s degree. Though MBAs offer you the benefit of enlarging your networking but when one thinks of the cost that it appears to be risky.

“The MBA program is designed to teach people to look at prior data and patterns in order to identify future outcomes. In the real world, this just does not work when it comes to new markets or innovation,” added co-founder of people search engine Spock.com who also worked as a product manager for Microsoft.

The crux is that one should do an MBA with a clear objective impervious to any market perceptions and understand how it would help one achieving the career goals.

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