Thursday, August 27, 2009

Why MBA?

"Want to be an MBA ?" 
This is probably one of the most hackneyed and trite comments that the graduating youth of recent times come to face. Graduates today want to be an MBA, but have little idea what a manager really does. Most students are attracted to management education at top business schools because of the high pay packages they get at the end of it. Sure, it is a brilliant career to pursue, but if your ultimate aim is to stuff your pockets, you might just cut a sorry figure in your future life or, for that matter, even in your Group Discussions or your Personal interviews.

Do you have a goal? 
Many students who make it to the best B-Schools do have a purpose or a firm goal. You will be astonished to know that every year, about six to eight percent of the graduating managers from top B-Schools join start-up enterprises because of the tremendous learning opportunities that start-ups provide. Almost an equal percentage of students join NGOs or social service organizations. If you know your goal, the two year period at a B-School becomes a path to CAT: Some notions All of us have heard that CAT is your objective and your learning is more focused.a test of Quantitative ability and Verbal ability.
 You can't really blame students for thinking so. This is because institutes inject this thought into their minds. Moreover, students believe CAT is all about 90 questions, divided into three sections to be tackled in 150 minutes. Often, we come across examples of class toppers performing badly in CAT, while an average student in the same class would crack CAT.
This puts forth a few questions:
 Are B-Schools actually looking for your Quantitative and Verbal skills in the written CAT ?
 Are B-Schools looking for your communication skills in GDs and interviews?
 If your answer to these questions is yes, it is time you snap out of your hallucination and face reality. Most test preparatory institutes prepare you for Quantitative and Verbal skills, but forget to put an element of stress that forms the basis of written CAT
CAT -- A few home truths For most students, GDs and interviews mean preparation of certain macro topics and self-awareness issues. But interviewers want to know the core of your business acumen. GDs and interviews preparation is not a 10 to 12 session programme, but a year-long process. They are more about sharpening your business acumen.

There are topics such as
  • Do you know something about impact of China's deliberate slowdown, on Indian economy?                   
  • Why does the Indian prime minister give top billing to infrastructure?                                                       
  • What are your thoughts on the consolidation in the Indian telecom sector?  
If you have an idea of the above, your preparation has direction. If not, you probably are so engrossed in your Mathematics and English that you are ignoring the real aspects of CAT preparationMBA: Some facts -Just having an MBA degree will not help you. Dig into the reason why you want to
 do an MBA. Discover your core skills. If you are good at creativity and have an aptitude for advertising, an advertising school is a better option for you than a B-School. Don't get bogged down with the fat pay packages. Salary packages are just a direct function of economic growth. If in a particular year, there is an upward economic swing, salary packages will shoot up. In a year of recession, even the best B-Schools in India find it tough to place their students. Look at the placement scenario this year. The IT and ITES companies led the fray, followed by finance companies. Old economy companies were almost out of the reckoning. This tells us the economic growth pattern in the years to come.
Steps to become an MBA
Remember, an MBA is a medium to reach your destination. It is not the destination.
The following points might help you
  • build a strong foundation to your management career: 
  • Set a goal for yourself. Introspect and find out your flair. 
  • Shortlist the B-Schools and the areas of specialization, based on your flair. 
  • Start reading about management so as to get an edge over others. 
  • Know how to prepare for CAT. CAT is not only about Mathematics and Verbal skills. 
  • Introduce an element of stress and uncertainty at each and every step of your preparation deliberately. 
  • Learn to relax at the end of the day. 

All the best for your CAT preparation and examination!

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