Education should improve one’s attitude, prepare you for a great life ahead, and generally equip you for a career. If this is what a good MBA degree should do for you, question the degree real hard.
If you are planning to get an Engineering degree or a Management degree ask yourself why do you want that degree. If you are a parent ask yourself are you pushing your kid towards that degree because it is the ‘in’ thing? Because all your friends and colleagues are doing it?
If you are a kid are you trying to get a degree so that – a) your friends are getting it b) no other way how you will even get called for a job interview c) you are able to keep away the pressure to get married…or you genuinely feel that the degree will add some value to your life?
The MBA degree on offer in India currently (outside the top say 20 colleges in the country) is not of a great quality.
However everybody has a reason to do an MBA:
parents think this is the only way to get a good job
kids think they have a friend who is doing so they should also do
companies use this as the only way to recruit – so that they do not have to recruit plain graduates and train them.
However something seems to be wrong with the whole education system!
We have so many MBA colleges and not enough people to teach. Also even though the fees has gone up, teachers are still not paid well enough to make it a lucrative career. So largely the quality of teachers is poor.
The syllabus is too vast. Recently one kid was showing me the syllabus of about 2400 pages for a 2 year course. Now it is impossible for kids to be able to read this whole thing, understand it and use it practically in their lives. For example most MBA (finance) kids to know fundamental analysis, technical analysis, mergers and acquisition, etc. but the same kids cannot make a decent financial plan for a person who says…”I am 30 years of age how much should I invest in a mutual fund so that I can get a pension of Rs. 2 lakhs a month after 25 years”.
Simple applications are rarely taught! Why an MBA degree be so far away from what the kids are going to use in their day to day lives beats me!
Recently I met a kid who had joined a big company. At the interview he was asked…’You are in a remote location, and that place is flooded…and you are unable to come out…’ what will you do?
He thought for a minute and said “I will call my senior who was also posted in the same place…and ask him what he did. I will do the same thing.”
He got the job.
I asked him…why this reply..he said “I have done a cut and paste of what my seniors do for the past 2 years in college… why should I think I will do something different?”.
Sad, but true.
Also no clue how many of these MBA students get a feeling that ‘accounting’ is a low end job, but finance is a high end job…’sales’ is a low end job, but ‘marketing strategy’ and ‘brand management’ are high end jobs…
Also too many of them expect to reach the ‘top job’ by travelling in a helicopter – nobody wants to take the hard grind up.
One MBA I know NEVER reaches a meeting on time – and he is just starting his life. I told him that there is a person named Sachin Ramesh Tendulkar. He has been playing cricket for the past 21 years.
Even today when he is told that the ‘nets’ are at 9am…he reaches the ground at 8.30am..does how warm up, wears his pads, is COMPLETELY ready to receive the ball at 9am. Most others REACH at 9am or later.
And this man SRT did not have to go to an MBA college to ‘learn’ attitude.
Sad, but an MBA degree is just a degree, attitude has to be learnt on one’s own – it cannot be taught.
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