Mba myths now a days
Completing MBA from a well known B-School is not an easy task you need to put in a lot of hard work and devotion. Below you will see a few myths that often people have about doing an MBA
MBA can be done by anyone
Possibly those who want to complete their MBA can complete it from one of the many poor quality MBA programs available. But if you want to have an MBA Degree from a school of high repute then you have to be ready for the hard work and devotion towards achieving it. This is not that easy as people think. You have to work for many hours a day to make yourself ready for this challenge. You have to compete with lakhs of students who have put the same or more effort than you.
Are all MBA Schools good?
If you think that an MBA will help you to move further in life, grow in your career and have your salary increase, you may be right to an extent. Because of this MBA Degree you may get the job with good salary, but to grow and have your salary increase is totally in your hands. You will have to work even more hard than you did while studying an MBA Program. There are no free lunches. You will get paid for what you do. If you think getting a job is enough, then you are highly mistaken. You have to perform to show your skills and prove that you are worthy that salary and the increase and you are worthy being on a higher post. Secondly, it is also important that you have done your MBA from a B-School of high repute.
Having an MBA Degree guarantees growth in career.
Having an MBA Degree from a reputed college or institute will help you get a good job, but it will not guarantee your growth. You need to put in a lot of hard work and dedication to reach your goal and grow in your career. As I said earlier no free lunches, therefore no will give you a growth till you have made the company grow with your skills and ability.
Does an MBA Guarantee a high salary?
An MBA Degree will fetch you a good job but it will not guarantee that you will also get a high salary. As Growth is not guaranteed in the same way even high salary is not guaranteed. You have to work very hard and make the best decisions to bring profit to the company and make it grow in the market. You need to put in a lot of hard work and if done no can stop from your salary being increased.
MBA Programs are expensive
Yes, if you want to do your MBA from a good MBA College it will cost a little more than the others but the return on your this investment will be momentous and much higher than you would invest to study form a college with less fee and low repute. Doing any degree is investing for a better future and here you are investing in a master's degree that too form a good college then the returns are for sure going to be very high.
Experienced business people don't need to do an MBA
It is very necessary to be updated with the knowledge and the new ways of doing things in business. You will usually hire a person and pay him a higher salary for the things you don't know, but if you had the skills then you would just require training someone and paying less. Self development is very important to enhance oneself and usually the bosses sulk on those people who do not improve their skills. Agreed that, an MBA is not a requirement to succeed in business however possessing an MBA Degree will add knowledge and enhance the chance of succeeding much more higher.
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