Rat Race to MBA is a Race to Big Money
Last Updated: Mar 11, 2013
Rat Race to MBA is a Race to Big Money
Rat Race to MBA is a Race to Big Money
There are different kinds of wealth building strategies in order to avoid waste of time and mistakes for those out there who are planning to build their wealth. In fact, to get rich is easy for those who know the wealth making strategies to achieve financial success. Today lots of students are moving towards the field of management to get handsome salary. Based on survey and studies globally, most professionals that have MBA diploma earned double than their previous income. For example, most of the CEO of the fortune 500 companies earned MBA diploma and get richer faster than technical people do with engineering background. Thus there is a race among the students for MBA to make big money. This might be a shortcut for them to be richer and it’s not bad idea as every individual in this era wants to get name and fame by hook or by crook. People being indulged with the technical background or being fresher in terms of graduation whether at engineering or medical stream do not get advantage of having high salary because of the null year experience.
After graduation there are a lot of options before candidates to seek a job or to continue with their higher studies. After B. tech a student must opt for M. Tech as it belongs to their stream but they don’t as there is a feeling that they would either have to gain experience or have to become a faculty in future. Now the question arises that how would they sustain in the environment where they have to deal with the knowledge of finance, management and organizational behavior? The answer is quite simple- they can just for making a BIG MONEY.
MBA not only provide handsome salary but makes you start to operate your own business. The majority of the billionaires and millionaires have their own business, yeah not only one but also more. Right after you graduate with an MBA degree from a big-name college, it would have a lot of value. Recruiters would likely give it a lot of weightage while evaluating you. Indeed, the developing world is proving a melting pot for growing collaboration between the private, voluntary and public sectors. Thus today a rat race to MBA is not meant for educational purpose but to enhance their money making.
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66 Responses to Rat Race to MBA is a Race to Big Money
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I do not think that the rush for MBA is for the rush for money. Yes, it is ever present, but I believe someone who dreams of MBA is looking for a opportunities and freedom job wise. Having only a bachelor degree puts the limit to individual growth and thus doesnt lead to satisfaction. Also, people do not prefer Masters in their respective discipline because of the saturation and the lack of interest.
An MBA degree over hauls the personality of the individual, exudes confidence, guarantees satisfaction. His decision making prowess improves considerably without any expense of making a destabalising mistake both job wise and life wise.
Not to mention the prestige attached to MBA degree. Men become more suitable grooms, women becomes the target of many bachelors just because the scope it provides is limitless.
Also, consider being an entrepreneur. The only way to start a business is by accumulating initial capital. What fastest way to accumulate exp and capital than a MBA degree.
Yes it’s true…MBA has become a race to big money… MBA provides master’s degree…. MBA provide the one run the business,it develops the quality that how to deal with other’s …it also develop the mentality of the person…after doing the MBA one know’s how he can earn money.
there are many b-schools across the world through which after doing MBA from such b-school one must get the high salary easily in a well reputed company…if we talk about the india there are many b-school such as IIM’s.after doing MBA from the IIM’s one could easily get the minimum package of above 30lakhs per annum. which may varies from 30lakhs to 1.5crore.
I do not leave a response, however I read a few of the comments on
this page Rat Race to MBA is a Race to Big Money | Our Edublog.
I actually do have a few questions for you if you don’t mind. Could it be just me or does it appear like some of these responses look like they are coming from brain dead visitors? 😛 And, if you are writing on other social sites, I would like to follow you. Could you list of the complete urls of your social networking pages like your Facebook page, twitter feed, or linkedin profile?
It’s quite true for most of the candidates. I don’t think there is any problem with that as what we do from the start of our life we do in hope to earn some handsome amount in future. Doing MBA is not an easy job and getting payed for your hard work is necessary and valid too.
MBA has become a rat race for the big sum.. I agree because people generally choose this degree to opt for after their graduation without realizing that it’s actually for the bestowing of the managerial skills, entrepreneurial skills/talents for not only better management of the enterprise but also to keep it running in the long run.
People complete MBA and go for the manager post in any firm.. big or small; it doesn’t matter to them.
Many are still unemployed even after doing it.. As far as I know after doing it; one becomes capable enough to become a self entrepreneur and start his/her own business. But students are mesmerized of the huge salary and forget about the motive behind acquiring the degree.
MBA provides us with the potential to successfully run our business.. our own enterprise.
One attains the qualities to become the “boss” after doing it and not merely remain the “employee!”
A run for the big money is good but not on the compromise of your skills and potential.
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WAKE UP!!
🙂
MBA has become a race to big money… MBA provides master’s degree…. MBA provide the one run the business,it develops the quality that how to deal with other’s …it also develop the mentality of the person…after doing the MBA one know’s how he can earn money.
there are many b-schools across the world through which after doing MBA from such b-school one must get the high salary easily in a well reputed company…if we talk about the india there are many b-school such as IIM’s.after doing MBA from the IIM’s one could easily get the minimum package of above 30lakhs per annum. which may varies from 30lakhs to 1.5crore.
there is also a opprortunity for the MBA ians that they may start there own business and can make money easily by impleamenting their own ideas.
For Switching fields, money may not be the only criterion. It can be preferences also and associated proficiencies. How many engineers get jobs into banks, marketing, etc. just after Grads ?
Also what is so wrong with grabbing oppurtunities if they require switching fields as well ? Ever wondered where Indian IT industry be if only guys with s/w engg background alone would work for it
What an mba actually does – it sensitizes you with various domains, functions. It gives you options to pursue whatever you like.
M.B.A means masters in bussiness adminstration so if you are a person who had done MBA then you have marketing and other strategies as your plus point so it will increase the value of yours also and if you had completed your dergre from an well known inst. then you have learnt many thing which well help you out in future.
quite informative…..these kind of upgradations must be made…in order to spread d awareness….If a person persuading MBA then we can’t say he or she is running for a big money.As everyone studies more and more to settle their future so no matter in which era he goes. If MBA is giving more money, job then he will go to it. Now it will be their ability that how much he can earn through it after studying. So no matter what other says if it is giving good opportunities then its best
Its true that RAT RACE TO MBA is RACE TO MONEY. If a person persuading MBA then we can’t say he or she is running for a big money. As everyone studies more and more to settle their future so no matter in which era he goes. It all depends on the scope n what the companies are asking for and for what the company is paying. MBA craze will also get over, it is good now but after some time its craze also will get lost and you will find helpless as that time you will be having MBA degre n now companies are asking for other. MBA provide good salary in business field not in technical field.
about this article i can only say that it can depend on the students family background or his interest…but it is not surly true that MBA guys get handsome salary..
Yes of course now MBA became a race for big money. Initially for a student selecting MBA as stream for his higher education means to learn something about marketing to learn something about finance but now its not about their interest its all about how much package will be given by a B-school not even student its a best way for a b-school to make money they charge thousand bucks for a single written exams.We can take a example of data of student which gave CAT examination in 2011 and in 2012.In 2011 2 lack student were gave CAT examination where as it became 2.25 lack in 2012 clearly we can see how much student are taking interest towards MBA.
The name M.B.A. speaks itself “master of business administration ”.MBA is not for the technical knowledge but it provides the mastering degree in business education.Firstly, doing an MBA is more of a personal choice to direct you towards a certain path, which is directly or indirectly connected to management. I agree with authors point to a certain extent that the majority of CEO’s of worlds top-notch organizations are MBA but on the other side I felt that people from technical or engineering background. Doing an MBA can never be a shortcut to success. However, this might benefit a person in a long term.
MBA is an acronym for ” Master of Business Administration” ie. mastering the key points to handle the business of an organization.
In my opinion, I feel in the modern growing world with a cut throat competition it has become really very important to be successful and rich person. And if we focus towards the current education system in India , MBA has emerged has one of the most successful career option.
MBA serves for several purposes of the person. Apart from providing a good salary it also helps us to setup and establish our own businesses. It can also act as a way to make social relations , to provide communications between different sections of societies , and a fast way to make money.
I agree that the business of World’s top most organizations are based on the MBA skills of the humans . But yes it is also correct that the people have just started using it as a tool to earn more and more money inspite of choosing other career options.
I also feel that this might also be the most favourable choice of a person because it is easy to get into a good management institute as compared to the IIT’s or NITs. And hence the person prefers it over other career options.