"Yem Bee Yee " a disease which have the ability to to become chronic if proper action not take now. Or I guess its too late!!! It can be easily be observed from the figure. CAT taker for year 2006 was around 1.7 lakh which increased to 2.2 lakh in 2007 and reached a figure of 2.8 lakh. A consistent increase of nearly 25% every year. And if you believe the analysts, the figure will reach 3.5 to 4 lakh in coming year. And so is the case of coaching market which is growing leap and bound and have reached nearly half a billion rupees. Colleges which were never heard say 3-4 years back are now tough to get into. And the colleges which were tough to get into 3-4 year back are now nearly impossible to get. :D
Lets just do a quick check who is gaining due to all this operation? I would say Coaching institute, Colleges. Why? Well I gave the analysis part in paragraph above. And who are the losers? Aspirants off course and the company where these aspirants(if working) are working. Doubt? I salute the person who gave the statement, GRASS IS ALWAYS GREENER THE OTHER SIDE. Might be written for donkey's but fits aptly for MBA aspirants. Running or say quitting attitude and the greener picture post MBA make them think suddenly life will take a turn in Z-axis from current 2 dimensional monotonous system. They think post MBA will make them get a fat pay cheque with not much of effort. And coaching institute, media air their desire, and they start running for never ending run of MBA putting aside there work, ignoring opportunities, responsibility. Though the beginning give a filling low input and high output scenario, but once into it realize that what they were looking was just a tip of iceberg, and viola!!! the Titanic riding for dream destination 'MBA' hue and cry over the exorbitant application fees of colleges which comes with a deadline date much before the main exam. Greed made them fuel the ship so as to reach the destination quickly. And there is a twist in the story, this time the approaching iceberg is not that big to affect the ship and ship sail through with little damage on pocket for which anyway there company is paying.
Comes the exam date, and then few realizes that damage which they thought was not that small as they were thinking they need to do some repair, some more application are filled now. By the time the whole application process gets over, aspirant realize that the damage on pocket was also not small and was huge for applications only, say a modest figure of 20k-25k, nearly a month salary (minimum). No heed to the damage is given as still the bright and greener picture is in view. Thank God, calls starts coming out. And somehow the applicant make it finally to few colleges selection process. Start preparing for the process, and start thinking about why MBA, why this college, aim in life, ideals, where they want to see them after 5-10 year, plan to achieve and crap like this. And surprisingly no one comes out with the correct and honest answer. Few examples:-
Q. Why MBA?
Honest Answer:- I feel that a fat cheque will be waiting for me after completion of course and moreover I am good for nothing and my condition is similar to what my manager is. And I don't want to work at all that's why I want to do MBA. And also all my friends were doing it without knowing why they are doing so I was also doing it. :P
Answer which is actually spoken(Touch of honesty Zero)? :- Something on line of growth opportunity, aspirations in life which can't be achieved without MBA and it goes on an on.
Q.Why this college?
Honest answer:- I am not getting any other college and someone told me the placement figures are good for this college as compared to other one.
Answer which is given:- College ethics and ideals matching with mine or something on this line
Q. Where after 5 year
Honest Answer:- 5 years? are you mad? I don't even think what I am going to do in evening, planning for year 5 year from now is crazy. Screw you!!!
Answers which is given :- entrepreneur and going hand in hand with Bill Gates or Mittal or Tata or something similar to line above. :P
Lot many question are there, its a hell lot of work. Will come out with the dossier in days to come.
Lets get back to the agenda. After few more interview, final call list comes those who are selected jumps with joy and those rejected try again next year, because once you are addicted its tough to get out of it, more like a narcotics. Lets talk about those who were jumping with joy, reach the college, then come the rigor of course. Think I am screwed why did I come here? Summers start, get the feeling how easy it was thrashing the lead those days rather than getting a summers. Every day pass with a feeling, thank GOD at least one day has passed. And then comes the placement days. And from nowhere iceberg appears only to crash there dream run. Manage to get the job somehow which feels like peanut including the tax figures and expectation from the recruiter. Think of the golden days of IT and sighing on decision to come to MBA taking into consideration only placement figure. And the titanic sink again this time.
Disclaimer:- This post is written on a lighter note, take it sportively and don't take it as real picture of MBA. Two years which you are going to spend will be the best days in your life no matter what the placement figures are. It will be surely a refreshing break from the work. And this gives you another opportunity to make life long friends (in loads) after your graduation with IQ level similar to yours. And last but not the list, writer is not trying to defame any institution nor demeaning the aspirants. Post will be deleted if more than 100 comments comes against it. :P
8 Comments:
sale..uske liye likh.. jo Harvard Bus School jata.. hain..takriban 50 lakh spend karta apne MBA par.. gets an offer from Lehman Bros/ Bear Sterns... and the next day the bank got sold out.. :-D
isse bolte hain asli KLPD.. ;)
Well I don't get it, why the hell we need the management degree at all, see there are big cultural differences, European countries never have very strong thrust for MBA programs compared to US where we need managers to manage everything from shit to bedsheets, does Indians dreams will ever go beyond IT and MBA, How proud we feel to talk about Lehman Brothers, Berkley and so on. come on guys grow up think better think and different for your shake
@ Ayush aka what my min speaks
Agreed, and at the same time predecessor of these management institutes should be blamed for the current crisis going on around the world. Its there WISE decision and inability to predict the market led everyone into this mesh!!! At the same time, when the company is getting screwed an seeking for bail out from government to save them from bankruptcy, CEO's are still drawing heavy sum from the company. At least there Indian counterparts are setting some example by making cut in there salary so as to save few more jobs. :-)
And over the topic, even IIM's, IIT's are crying under current situation. Finding it tough to get the recruiter for there so called trained management trainees. ;-)
@Tiwari bhai
You come with a solid reasoning part but here you missed the practicality part. Why do we need management degree? Answer is a question - why do we need the entire education system? Guess this will give you a fair idea. ;-) Its the society man!!! Industries just fuel the requirement. You should know the job done by an engineer in IT can be very well handled by a 10th pass student? But its a requirement to get the job, so to fulfill the requirement they take higher degree, else the society doesn't give the opportunity which they deserve. And at the end of the day, everywhere its the money which speaks, more degree more money, better status and better command. And this is case not only in India, but everywhere. Thats why people feel proud. But yeah still there are people who are doing things differently and those are the people who come for recruitment. WE as a low-risk taker have no option other than going through he usual process of degree collection to get those jobs. But looking at current crisis, day is not far when people will try hands in diverse sector so as to reach a stable structure. :-)
I think u dont need MBA... u see u are already a consultant....
nice post thoigh... the truth behind MBA...
Hope u crack this this time.. nahi to GDF
@Kauti
Thanks, yeah I know that I don't need an MBA. But I am doing it, because I want to come out from shackles of corporate world for at least 2 year and to have fun along with little bit of studies or say no studies. :D My motifs are clean and clear, I wont mind getting lower salary than what I am getting currently, just the 2 year holiday will do for me. Nor I am looking for anything like entrepreneurship after completion after completion of course. Just a screwed and life with little inflow of money like what we have in college will do for me. :D
Bhai.. log.. MBA stands for Main Bekar Aadmi.. waise all the top CEO in all the Corporate sector having an MBA degree are more successful.. I guess the investment banks having their CEOs with an MBA degree are more successful than CEOs with Phd.. look at Vikram Pandit's Citi Group vs James Dimon of JP Morgan Chase... so PhDs degree people are the reason behind for the bail out in financial firms.. beware guys.. now even doing PhD is a waste of time.. :)
@What my.. aka Ayush
Masters or no masters doesn't make much difference. Its just a coincidence and over it grim situation in market is putting everyone CEO in questionable position. At the end of the day progress of company is not dependent whether there CEO is a MBA from ivy league or not, its all about whether you can take risk or not? So those who have guts do prosper no matter what degree they carry. :-)
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