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The mad Gold Rush for an MBA degree

Till a few years back, the primary bifurcation in the educational life of a student stopped at choosing between Science and Humanities in school, with Science usually winning the contest. Then quickly after school, the match narrows down to choosing between two streams,Medicine or Engineering. Till date IT remains the first preference for a great majority of Indian students. MBA has become a majorly demanded educational choice for the youth across the country. The necessity for MBA has also been driven by the competitive corporate nature of more or less all private jobs. Today, after getting a Tech Or Pharma degree, MBAs have become imperative. The earlier notion of an MBA being associated with business developers has long been replaced by an universal need  for the course.

In corporate setups, it is almost impossible to aspire to a better managerial or administrative position unless one has an MBA. It’s like careers are stagnant without fetching one degree in business management. Earlier, there had been the concept of executive MBAs  where people in senior business positions, with individuals who had maxed out their professional capacities and developments, or stuck in careers where further development seemed restricted without getting another degree. But today, that stagnancy seems to settle in right from the beginning of young careers. Added to that is the mental blockage that without an MBA degree, there is no scope of promotions in one’s career trajectory. Hence right from Banking to Finance to Pharma to IT, MBA has become imperative.

And so has recent years seen a rush in competition  for MBA seats and coaching classes for competitive exams. To an extent that people from disciplines that are hugely unrelated to business pursuits are running after MBAs. There is one thing to be kept in mind. Because present years have seen several students stalled in their career trajectories upon being unable to receive favourable scores in entrances based on which MBA colleges are assigned to candidates. Increasing competition has led to the proliferation of MBA colleges all across the country, too many in number and too few truly desired by students. Since all aim for the top ranking institutes, the pressure on students to achieve has increased manifold. One thing that our students need to keep in mind is that professions not regarding a business acumen are also the need of the hour in a country like ours. Courses tending to the humanities or pure sciences or teaching or even research for that matter( in technical fields) are equally valuable as corporate jobs that can be secured via MBAs.

As a society, we must handle the needs and aspirations of our youth better and show them dreams that need not always culminate in monetary satisfaction but also focus on the nature of the jobs they do while keeping in sync with what they really want to do. For in the mad rush to appropriate ourselves to a corporate climate, we often overlook jobs that we have always wanted to do from our childhood before earning money became the top priority of our lives.

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