The Rush for MBA is really a Rush for Big Money

Hello Everyone !

First of all I would say that its a really good topic "The Rush for MBA is really a Rush for Big Money" which exactly not correct completely but yes to some extent. Everyone think of getting better in their life of which demand in the market so they go MBA but its not the surety that its provide a good money until and unless you don't have quality and skills. Off course MBA helps to develop our skills so that it can be useful in earning much more, but its wrong that only degree will boost up your earning.

Even anyone can look around and found many holding degree of MBA is also jobless so its not fact that The Rush for MBA is really a Rush for Big Money.

No I don't think that MBA is all about making more money, the reason being that in today's scenario doing an MBA has become the need of the hour to have a growth in one's career, a plain graduate might rise up to a certain level in an organization, but to go ahead, he needs to have an MBA degree. Even a smuggler earns huge amount of money, even the person sitting in the government office has money, but there's no growth.

My conclusion would be that today there are endless ways to earn money but only few ways to have a growth in life, status and position. MBA degree can give you that growth, status and position you want in life in a dignified manner.

Hello every one,

I am an engineer, and for me the reason of doing the MBA is to remove the hurdles which is going to freeze my growth of carrier at a particular stage. In the global market the only aim of the companies is to make profitable business and that cannot be achieved by a simple graduate or by an engineer, for that company starts searching for the person who are well enough to manage the people and yes this defines the word management. So if you want to be on the top you will have to be smart in managing and for that you need a MBA.

I think doing MBA for a person not only rush for big money it may be for their passion, for gaining skill and knowledge and increase educational status. MBA provide us platform for satisfaction, achievement and success. I helps in developing managerial skill, leadership skill, communication skill, entrepreneurial skill and confidence. To be a competitive in todays world MBA is very crucial. It gives knowledge about time and money management. There are lots of person who have not MBA but they are considered as successful person.

So, doing MBA is not a rush for money, there are other factors which person can gain by doing MBA.

Hi everyone.

Mba is really a rush for big money, I do agree.

1st point: its a high budget study, those not having budget can't do MBA even he/she crack CAT, MAT, XAT. That means still you have talent but can't pursue MBA if you have not enough money. (least required money for IIM 15 lakhs. ).

2nd point: those having money not talent still they can get the degree of MBA not only from INDIA, but from USA, UK. After completing it, they will get a job in a managerial level where they will have both power and money. As MBA is only a field where you will able to earn more than a IIT candidate.

3rd point: After doing MBA only you can be a good manager where you lead the people but friends I can tel you in India there is lot of business tycoon who have not done any MBA but still they have inbuilt talent to lead the people.

(Example: 1. Anil Ambani.
2. Mukesh Ambani.
3. Azim Premji.
4. Vijay Mallaya.
5. Sunil Mittal.
6. Shubhroto Roy.
7. K. V Kamath.
8. Bhavish sanghvi.
9. Ratan Tata.
10. Laxmi mittal). So what I want to say its not a technical field where I have to study or get trained, Its all about your inbuilt quality. So its the money and power.

Hello,

With due respect to thoughts of other participants, I have seen many people doing MBA, just because they have heard that MBA degree holders get huge salary packages. But that's not always true. The salary of an individual, depends on his/her own skills. The person earning big money, has good quality knowledge & management skills. Not everyone can possess this. And, just to earn big money, many people pursue MBA, regardless of having good quality knowledge about it.

Whereas, there are other people, for whom, salary doesn't matter. They are just born to be MANAGERS. Its just their attitude & dedication towards their work, which automatically leads to an increment in their salary.

According to me the rush for MBA is not really a rush for money at least for some people. Money of course plays an important role in increasing our standard of living. But money alone cannot provide all satisfaction in a profession. And I don't consider a MBA certificate as the only means of getting a high salary. Then why do many people go for courses like medicine, piloting etc. Each individual has a set of interests, skills and special areas or settings in which he can explore himself. It may be a clinic, ship, an organization etc. And the real success lies in discovering this. If a group of people is only targeting money in their profession. Then its for sure that he'll be highly unstable in his setting.

If we are truly interested and do work hard in any profession. For sure money will obviously follow. So money is not something preliminary.

Hi friends,

I am not in support of the topic.

1. First reason is that I myself is planning to do it, and that not for money but to complete myself as I don't really want to feel first the frustration by doing any job and than then apply for it.

2. As MBA is the key to success, so people do it to learn that key so that they will not face any failure in their life by taking wrong decisions.

3. We all know that India is a big country and more than that we have a big number of unemployment rate. So my question is why add one more in that number, be the one who can create jobs and do something good for our country rather than just sitting idle at home and blame the system and government for it.

AND WE ALL KNOW FOR A SUCCESSFUL BUSINESS, WE SHOULD LEARN THE MANAGEMENT PRINCIPLES.

Hello, everyone.

MBA means master in business. In this 2 year course, we study about accounting, business etc. But I don't think in these two years we would be gaining much about managing things and business. I think managerial skill can be developed as we grow in organisation.

If we talk about one of the famous personality Arundhati Bhattacharya, CEO of SBI, she does not hold any MBA degree, she is just a simple graduate. She started as a PO in SBI. But her continuous effort and experience have led her to be what she is now.

So, I can say that the rush for MBA is really a rush for big money. But at the same time, It's not true for all. But in majority case it is true. If I ask you all that how many of you are here want to do MBA just to understand business. And it is nothing wrong in rushing to make big money, after all, we are spending about 10-12 lakh rupees in two years. If we leave few section of society which may include those who owns family business, are pursuing MBA just to make a huge sum.

Hello Everyone.

Our topic is "RUSH FOR MBA IS REALLY A RUSH FOR BIG MONEY" let us consider it from beginning before selecting any college what will be the foremost thing you'll want isn't it package for example consider two colleges you are confused to choose with both having exactly same teaching methods, campus, good faculties, etc but packages differ so what will be your response, where to go? Its very natural to select the one which is offering more.

Secondly, MBA doesn't only provide knowledge it develops your managerial skills required in any aspect before selection of college you wasn't having any skill but wanted to have more money so after getting skilled, guess what will be scenario. Of course why not, whether its premier school or ordinary business school, whether it charges you huge fees or not, whether the school assures you of having good package or not, in whatever situation don't you think that you'll be eager to have even more money than previously thought before having any knowledge and skill.

People who want to start up their own business or run family business in both the situation they will need to survive and to survive they have to compete with others and you'll need to have more profit than others. Put yourself in above mentioned both cases and ask why you'll need to have managerial skill.

If someone from your family still knows how to run business or even if you are starting on your own there will be very few people answering who love the job of managers they love to be manager in every aspect of life and wants to get more skilled at it so there is only one negative point.

At last, I would like to conclude that single point is not sufficient enough to divert from topic so yes, rush for MBA Is really a rush for big money.