If you don’t wish to join a big corporation and on the top of that, become one in the board of directors, you really don’t need a MBA. And I am saying this considering the intelligent section of the students. (Because there are a myriad of institutions nowadays providing MBA courseware to all students irrespective of their merit)
The reason behind most engineering graduates like me running hastily after MBA or PGDM education ultimately gravitates towards their poor or average performance in their academics. They didn’t know what to pursue before taking up engineering and they don’t know what to pursue now. Most of them are regular 5-7 pointers in college who just want to give MBA a try. Parents and society tell that “Beta, do MBA because it has got money in there!” and we rush towards it. We don’t ever give a thought to what we really want to do and what we should do.
If I wish to go to a place, I should have a preplanned objective for going there. The preparation for the journey comes after. Similarly while taking up a career avenue, I should also have a pre-planned reason for choosing that career. The preparation for the same comes only after. If I wish to settle for a career entirely different from what I am studying, my current education retains no meaning. If after doing engineering I wish to do MBA without regarding what I learnt during engineering and what I will learn in business school, it is simply meaningless to me. If I am only interested in making money, then FYI, not all MBAs also earn good money, including those from IIMs. (It also seems that I am not alone with the same school of thought) If I love what I am doing, and I dedicatedly do something towards it to create some value, then I believe money will eventually come.
Having said that, I will also like to divulge that I wish to do MBA from a good college. Not because of the probable extraordinary learning or tutelage I will get there. (I simply don’t care about them anyway) It is only because of the excellent professional network I will probably build there. In practical and professional life, networks matter more than knowledge or expertise. My current faculty for MBA training also clearly outlined the same point a few weeks before. Most professors who are into higher education in India suck anyway. It is your classmates, seniors and juniors who teach you more than anything else in good colleges.