There are times in one’s life, especially following graduation wherein one comes to realize that one is not in a position to figure out whether going for an MBA would be better, or getting employed in the corporate world would be a finer option for one. It is really up to an individual perception. But if one is not sure, certain basic ideas about both the options can help. They should be kept in mind before going ahead with the decision.
A number of corporate professionals and educationists believe that it is best to go for an MBA after gaining some work experience first. It puts one in a better position to define his expectations and direction for his career. Once such a candidate is through with his MBA, he can look forward to a career which is highly rewarding, and is also very likely get a fine start for his ambitions.
Why most of the students want to go for MBA?
One of the top reasons why students from India choose to go for an MBA is finding prime employment opportunities post completion of the course. An MBA is a degree which defines the career path of a student. The course characteristically stays exceedingly popular among freshers and candidates with work experience alike.
The decision making is the critical aspect and it should not be defined by peer pressure. Once you join a MBA course, you wouldn’t be deciding mid way that this is not what you initially desired. So it is best to be sure before you get started.
Academic life comes with a certain degree of monotony. Getting an educational program to sync with corporate world sometimes comes across as a difficulty. This is not the case with an MBA program. Prior experience puts you in a position to gauge the course in a way that you best find suitable. Comprehension of subjects becomes simpler, education is realistic and even pay packages are higher for students who go for an MBA with some prior work experience.
An MBA is an opportunity to come across educationists and classmates who are from different backgrounds. It creates a vivid platform wherein a student’s learns about operations of the corporate world in a greater detail. Candidates with a prior work ex would have an idea about the direction in which their career is growing, and would take the opportunity to define their career in a way which best meets their potential.
What is the best time to go for MBA?
A fresher’s mind reflects newness. It is unbiased by the industry environment and more open and receptive to ideas. It is very much allright to go for an MBA post graduation as it expands the horizon for a candidate. But the benefits drawn from an MBA degree may be much enhanced if the course is taken up after getting 4-5 years of work experience. A prior working experience gives the students a chance to create a link between the theoretical lessons they learn in the classrooms, with practical difficulties they came across at the workplace. Positive effects of going for an MBA after 4-5 years work experience render advantage on a student’s career, both instantly and in the long term. Getting some work experience can define an individual in corporate life and give him a better understanding about himself in the same terms. He may come to realize that with his ambitions finding success in the corporate life, he has no desire to switch his line or invest 2 years for an MBA.
It is a very important juncture in one’s career and one’s life. It is okay to go ahead with the lesser evil. Either of the options involves certain highs that an individual could make the best of, instantly or over time. It also happens that students who have a prior work experience are sure about their priorities and the direction in which they would like their career to progress. They hence put their focus on academics in a way which is most rewarding for them.
Candidates who have prior work experience are likely to have advantages in terms of job placements, as compared to students who complete the course with no prior work experience. Having an MBA prior work experience makes a candidate eligible for a few of the prime managerial roles across industries. A number of organizations are on a lookout for such candidates, who have deeper understanding of guiding forces in corporate world, and can put their relevant knowledge and experience to the best possible use.
A disadvantage faced by students who go for an MBA without getting prior work experience is that they are sometimes not deemed eligible for senior or managerial roles. The recruiters may not want to expose the candidates to critical positions, as they have no hands on practical experience in the industry.
It is not only at senior or managerial levels that MBA candidates who have a prior work experience are preferred. They are desirable for just about any nature of role that recruiters have. Work experience complimented with an MBA is definitively positive boost for a candidate’s resume. A number of organizations prefer to have such candidates in their scheme of things.
Top B schools in India are definitively encouraging of students with a prior work experience for admission to their MBA courses. If we take a look at the selection procedures of the top B schools, we come to figure out that they prefer to enroll students with work-ex. Average work ex of an IIM candidate is 20 months.
Nearly 77% of students who joined IIM Bangalore’s flagship PGPM program had 2 to 3 years work experience. The traditional outlook says that it is best to complete education before starting working, but present day trends speak otherwise.
This is not the only example. There are number of top rated B schools who give preference to students who have a prior work experience. The trend does not cease with educational institutions. There are a number of recruiters as well who prefer to hire candidates who have a prior work experience.
Primary “Fear”: Job prospects or Career opportunities!
An important fact in this regard is that opportunities can be materialized subject to how well you make of them. They can be made the best of subject to the dynamism and enterprise of an individual. On the contrary, making the best of opportunities that come to fore is widely dependent upon the intricate skills that an individual is possessed with, and how they help him resolve complex problems by putting to avail his business insight and knowledge.
It is best to not worry about the opportunities. Instead, one must keep a goal in mind and work towards it with a dedication that does not falter. As a student, you are sure to have a definitively lucrative career ahead of you. You’d come to realize that you materialize your dreams in the corporate world. It is best to not regret a few years down the line how things would have been if you had gone for the other pathway.
In very generic terms, if an MBA student is sure about a specialization which gives direction to his career, prior work experience does boost the prospects to a certain extent.
Instead of an MBA right after graduation, a student can go for 1 year PG Diploma in Banking and Finance. This will enable the student to get practical knowledge of BFSI sector along with a good first job. Student can take initial grwoth and learning with this and go for an MBA after 4-5 years.