What should I do after graduation?
This is probably top most in your mind if you have just competed graduation.
What should my son/ daughter do post graduation? Further studies? MBA? A Job?
These questions may be at the core of your parents thoughts!
What is the right answer?
There could be a number of right answers depending upon the situation, aptitude and major goals in the mind of the student and his or her parents.
But is MBA the right solution....?
This statement raises more questions than answers.
So , lets find out.
For starters, I would like to bring your attention to a news article from "The Times of India" dated Sunday , May 1st , 2016.
The heading thus read, " 7% MBAs Employable : Study "
ASSOCHAM finds fresh Graduates Earn Less Than Rs. 10,000/- a Month
The news article continues with lots of information and I place before you the key points:
- Most of the 5500 B-Schools in the country produce sub-par graduates largely un-employable
- Only graduate from IIMs are an exception
- Main reasons of this disaster are poor faculty, low paying jobs, lack of quality control
- 220 B-Schools Shut Down in past two years: 120 more will soon do the same
- Campus Recruitments have come down by 45%
- Asssocham Secretary Mr DS Rawat said among other things, and I quote" The quality of higher education in India is poor and does not in any way meet the needs of the corporate world."
- Although an MBA student spends between Rs. 3.00 to Rs. 5.00 lacs for an MBA degree in 2 years , he or she earns only between Rs. 8000/- to Rs. 10000/- per month.
- There is a large Mismatch between aspirations of students and their level of job readiness
So, what's the solution?
Well , once again , there could be many.
Let's see how one can logically come to a workable conclusion.
1. Remember you always have options and choices
MBA is not the one and only degree that could help you find a job. There are numerous options.
The internet could be a place suitable to do a quick fire research on options.You could also consider speaking to a qualified counsellor or some one with relevant experience for professional advice.
2. Find out what is it that you are good at.
Before going deeper into the different options one has, it would make proper sense to first do some introspection( this is for both the parents and the students to do) . Find out what are the strengths and weaknesses of the student and what does he or she really want to do. You could also go for an aptitude test to determine your true calling.
3. Decide from the collection of information
Once you are aware of the different options available as well as your corresponding strengths and weaknesses make the right choice . For an example there are quite a few training programs available to day where the candidate pays for the training and the organization gives top priority to the trained candidates. The cost of training is very low compared to an MBA and the skills acquired are aimed at getting employed.
So , my advise would be not to go headlong into any B school hoping for things to be better for yourself while all else is doomed. Instead adjust your sales and beat a different path to success.
In case your aim is to work for a reputed organisation in the banking , finance, services, insurance sector we may have an excellent option for you to consider.
For more details just click on the link given below :
All The Best!
Regards
Cecil David