Career insights by GGI is a new series by GGI sharing hacks and tips around management consulting, MBA, product management and public policy.
In this GGI career insight, we will be sharing insights into: the reality of an MBA and if it is the right choice for you.
Are you someone who is considering doing an MBA? But, do you know that more than 93% of MBAs in India are considered unemployable?
Discussing the reality of an MBA is the need of the hour, particularly in India.
Our status-driven society seems to be obsessed with the idea of doing an MBA. Most people want to pursue this highly challenging degree without even analysing if it will be of value to them in the first place.
1. Statistics
First and foremost, you should know that only 7% of India’s B-school graduates are employable. Considering how almost 4 lahks MBAs graduate every year in India, most of our youth don’t really know the value of their degree.
They falsely anticipate the benefit and learning outcomes of their degree. If you wish to know more about MBA classes and peers, then check out my blog here.
2. Learning outcomes
Most MBA schools have an outdated curriculum. Their program was relevant in the 20th-century industrial age, not in the 21st century of knowledge age. This means that you should question the viability of the curriculum before you spend your parents hard earned money.
My advice is, that if you want to do an MBA just for the heck of a paper degree, go for the top 30 Financial Times institutions.
3. Employment
People invest their time, emotions and money in MBA to gain good employment, which can bring them returns on these investments.
So, you should focus on skills and networking rather than a paper degree to get employed in the 21st century. Quality peers and quality networks can be your gateway into quality career opportunities.
To know more about the skills you need before joining an MBA program, check my article here.
If you need more help getting into management consulting and product management, feel free to check out my education venture- Global Governance Initiative. We invite industry leaders to host Masterclasses and teach our students the hard and soft skills required to excel in their careers.
Author: Shatakshi Sharma, Co-CEO Global Governance Initiative, Ex-BCG Management Consultant, Former Policy Advisor, Tony Blair Institute for Global Change
If you are interested in learning about GGI's MBA Scholar program, you can learn here.
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