They say you learn more from your mistakes. My ‘gyan’ on why one should do an MBA comes from my ‘no gyan’ when I decided to do it or even when I did it!
Ask me and I would say don’t do an MBA if you don’t know what it means to you, if you don’t know how it adds value to your self/career, if you think it’s just a big bait to fish out a well paying job. No, that’s not it! Why do you think companies would want to hire MBAs? They want your ability to see the bigger picture in aspects concerning the company. They want you to analyze where they stand, what they are capable of, where they can get to, how soon they can get there, why certain things do not happen the way they should and what is to be done to make them happen. In short, they want you to lead the way.
Now you may think that this is not a real world situation and all jobs don’t throw this kind of experience. Like, when I was handling retail banking operations in ICICI, I was responsible to handle teams that processed checks and opened accounts. I never saw a big picture when I started off. I was frustrated, is this why I did an MBA? Slowly I realized, the catch is to visualize the large scenario in smaller ones and relate it to other scenarios and then think from a company point of view. Its fun, real fun, because then you start realizing that you of course can make a difference to your company. Now I know why those case studies were a relevant part of my course!
You need to go in there with a perspective.
Well, this applies to anything you do. But your ability to see the big picture is the very stress of this 2 year rigorous course. Its not just your content, but how you present it, how you can make people relate to it; not just about numbers, but how you apprehend them; not about selling products or services but selling yourself.
Now what I just said may have many counter arguments. I myself can think of at least 7 of them. But my point is not whether or not you should do an MBA, but if you are doing it you better know why and do it well. And this again holds true to anything you do.
p.s – you can check out my next article on an overview of MBA in India