The Guide to an MBA
How many people do you meet every day who are absolutely sure about what they want to do after their graduation? Are you one of them? Have you ever had that moment of self-reflection where you’ve felt like you want to do something that is non-technical, but are still unsure of what?
‘The guide to an MBA’, a part of the LoT lecture series, was organised on the 2nd of February where Leaders of Tomorrow invited two final year TAPMI students to provide answers to many MBA related questions, based on their experiences. Vinayak, an alumnus of Manipal Institute of Technology, and Naomi, a BBM graduate, came prepared with a plethora of answers for questions regarding the issue of pursuing an MBA. The presentation answered all the basic FAQs, right from ‘Why an MBA?’ and ‘How to prepare for it?’ to ‘The finances involved?’ and ‘Remunerations?’, and also clarified certain misconceptions that have evolved over the years. They also continually mentioned that every explanation given was based solely on their own experiences with the whole process, and that the current statistics would be different due to the fact that the education system of India is a dynamic entity.
‘What exactly is an MBA?’, was one of the very first questions asked and probably the most substantial one too. The guest speakers clearly stated that an MBA course hardly imparts or makes use of any technical knowledge. Rather, it is a series of life lessons where you learn how to convince other people to agree with your point of view -since there is no absolute right or wrong in the corporate world- and manage yourself under stress which, according to them, is unlike any kind of stress that one has already been through. They further went on to add that one will be ingrained with decision making capabilities throughout the course and will appear from the business school concerned as a refined person who is capable of handling himself/herself in the corporate world. This question more or less answered the philosophical doubt of ‘whether or not I should do an MBA? ’. Throughout the entire seminar, they spoke about various topics such as the stipulated financial preparation and the long hours of study as well as the dedication required to crack the various entrances such as CAT, XAT, CMAT, GMAT, NMAT, etc. “8-12 months of preparation will be an ideal number”, they said.
While Vinayak reiterated that coaching classes were a must, Naomi disagreed and believed that if the student was dedicated and disciplined enough, then coaching wouldn’t necessarily play a pivotal role. They also managed to clear another misconception regarding the selection criteria i.e. the percentile score. According to Vinayak, the PI round matters the most and is the round where one is fully tested. The Group Discussion and the written round (for some B-schools) matter too.
Another confusing issue dwelling in the average MBA aspirant’s mind seemed to be the necessity of job experience and the difference it would make. Since neither of the speakers had any job experience themselves, their opinion seemed to be a little biased as they maintained that it wouldn’t make any difference. However, they also mentioned that job experience would help one in acquiring a better pay package. From the beginning to the end of the seminar, they stressed on the experiences one is privy to in a B-school. Each one of the speakers was a perfect example of the skills a B-school imparts to its students. With their fluent communication skills, they were successful in encouraging most of the audience to pursue an MBA.