It is a never ending debate – to go for MBA or Not to go for MBA . I have reduced this debate to To PAY for an MBA or To NOT PAY for an MBA. I have nothing against an MBA degree, or people who aspire to get one. I am one of those confused souls, who sometimes looks at an MBA as a vent that will shoot me to outer space, probably at escape velocity. So my comments here are very much a jambalaya of thoughts.
What I would like to do – Is conduct a series of surveys.
- Start with a sample set of folks who are in the race to get into a B school, and ask them – “Why do you want an MBA? “
- And then interview the same set of people, one year through their MBA program – and ask , “Is this what you thought you were getting into ?”
- And then right around when people are getting placed, I will ask them ,” So what are you looking for in your next employer / role ?”
- And finally, when they have been placed, I will ask them, “What did you gain from an MBA?”
Even if 10% of responses are coherent through this survey series, I will be surprised. What do you mean by coherent ? I shall explain.
If the answer to “Why do you want to do an MBA ? is close to the answer to “What did you gain from an MBA ?” – Then you achieved the goal you had set for yourself. In my dictionary – that is success. But in my short (very short) experience I see people going for an MBA with some ideal in mind, and they come out of it, with a debt, some enhanced social skills and mmmm at the max a job.
Some people have a plan – they think about MBA as a medium to switch careers- IT to Management , or make more money, or simply because everyone else is doing it. So I again get confused . I don’t want to switch tracks, money is only a medium for me and I don’t like doing what everyone else is doing.
I don’t know what a B school education will give me. I don’t even know what to seek from it. Being a consultant, I taste both the waters – tech and business. I know I like business aspects more. I enjoy reading case studies, discussing them , and debating them. I like to read about business models , innovations, corporate strategies and I enjoy the product wars. So is this a reason for me to go to B school ? Because I will get to do these things more often. I am quite sure I am missing some point here.
So where I stand, giving up a salary for two years, and going to school, only to come out of it and wonder if I will be paid or not – does not make sense. Yet I constantly get this feedback, from my loved one, that I should do an MBA. Hence my dilemma. Thanks Raghu, our short conversation on the topic, helped me jot down my thoughts. I would love to hear from you on this one 🙂