why mba?
Master Of Business Administration. Well the term brings about a wide spectrum of reactions.Oops is it not something every second guy i meet, keeps blabbering about? I guess it is.Well believe it or not, MBA is the in thing folks. Its got the punch,its got the respect,its got the glamour and its got the moolah. What else can you ask for. Well the answer is pretty simple - MORE.
ok enough of the Alice's wonderland talk, lets take a reality check. What is MBA and why is there so much hullabuloo over it in the entire student community, no matter which part of the country or the world you go. Well lets take each word of this crucial abbrevation individually. Business is a worldwide phenomenon where people enter into ventures to generate revenues, employment and satisfaction to each one connected with them. So the person getting into a business has a grave responsibility on him/her. Then comes the pivotal issue of administration- well its a paragon of responsibility where a person has to take care of every facet concerned with running a business- managing people, revenues, resources, market, and create the best possible scenario to run that business.Hmmmm....that sounds even more grave. But the best and the toughest part comes with the first word in this entire term i.e. "Master". The person needs to be a master of all that is expected to run a business and making it a point that the business runs effectively.To put forth in simple terms, thats the job of an MBA. As Management Guru Peter F. Drucker put it in a brilliant way," A manager needs to be efficient as well as effective. Efficiency is doing the right things and effectiveness means getting the right things done."
So ladies and gentleman, guys and dames,its not just about some honeymoon period of your life where you'd just get in,rack your brain for a while and an angel would come in front of you with a gift box carrying a whopping salary check. If that's what has been your idea of MBA till now, i'm sorry to do this but "Good Morning, wake up folks, the dreamy Lalaland station has gone by, welcome to reality junction." The point i'm trying to make is pretty simple and candid, MBA is about cutting off your rough edges to make you a diamond who is ready to take on the world by storm. Its a huge task and involves tremendous efforts and panache, but believe me guys the perks are worth the effort.
Enough of the scary stuff, let's now look at WHY MBA??? Exactly what lies in it which makes it a much sort after and lucrative career option??
with the increase in tooth sweating competition, it has become essential for every individual to inculcate some basic elementary qualities in himself/herself to work/compete with the best of the best in the corporate sector. MBA, as a course gives you a formal training and grooming module, which creates a sense of deja vu of the real world in your minds, thus preparing you for the kind of goody goody stuff in store for you ( Like you believe that????). Well some part of it is goody goody, so relax.
There are people with different aspirations, some are looking for a secure job with challenges at work place while some take it a step ahead to venture into the danger zone of entrepreneurship. TO put up an enterprise of one's own, having a winning idea that may be revolutionary in itself, is just a beginning. To bring out that idea in the real world, pursuing that venture and aspiring to gain revenues out of it requires brilliance in business aptitude as well. Now MBA gives you a platform to understand the nitty gritties of everything in nexus of business. Thus it opens up doors of a new world of opportunities, resources,challenges and obviously tremendous satisfaction.
Another important requirement at work places is the ability to make decisions- sometimes small ones, sometimes grave ones and sometimes revolutionary ones. Thus its mandatory for a person to be well versed with the pros and cons of the status quo, the ability to deal with people of varying IQ'S, temperaments and work capabilities. Now to make a decision taking all these scenarios together is no joke. Apart from inner strength, it requires sound knowledge to appraise the decision's gravity and then to come out with the most suitable alternative. That's precisely what i meant when stressed on the term "MASTER". MBA offers you the ambience and the required ammunition to become good enough to encounter and combat the enemies. As goes in the Stallone blockbuster Rocky series," Its something for which you need THE EYE OF THE TIGER and A BURNING HEART because believe me THERE IS NO EASY WAY OUT, so once your HEART'S ON FIRE just do one thing, GO FOR IT."
Getting down to the Indian scenario, India is in a condition where it requires more employment generators as compared to employment seekers.MBA offers you the arsenal to face the indispensible cruel times of entrepreurship. thus its the managers who're actually making this society a better place to live in by generating employment, optimum utilization of resources, making people work congenially in groups, and with these small battles, they help to win wars like unemployment, poverty, corruption and make the Indian economy strengthen the momentum it has picked up.
Another important topic that MBA deals with is that in this era of globalization where the world has become a small place, it has become an additional asset for a professional to have a good understanding of the global market, the global requirements and its solutions. Thus what we're looking at in the future is it more number of Indians global in stature, but local at heart. Now how does that sound....i'm sure alluring.
So to put it in a nutshell, mba may not give you the key to every lock, but it'd make you a good enough locksmith to have more keys for different locks. So what are you waiting for, you know the door, you knpow how to get the key, and with that key how to open the locks. So dont wait anymore and just MAKE THE MOVE.
