MBA : The Way Forward

Youths should Look forward to MBA as a Potential Career

Option
The last few months have been full of uncertainty & confusion for our
youth in India. As we know settling down in one particular career
stream is one of the biggest challenges for the youngsters. In last
decade, there has been a boom in hiring in Banking, SSC, Railways &
other government departments at central & state level and getting
into government jobs was considered to be the best way forward. But
the time has changed in last 2-3 years and the current corona impact
is also going to have huge impact on our career choices. The change in
the future career prospects is attributed to following factors –
a. Merger of Banks: The public sector banks which were on
expansion mode till 2010 coupled with heavy retirements had
huge openings in the period 2008-2018. But now most of the
banks have been merged together leading to closure of
overlapping branches & consolidation of staff. So today most of
the banks are either not hiring or hiring a very less number.

b. Privatization of Banks: As the government is gearing up to

privatize some of the public sector banks, there passion to join
the banking sector has paled down & banking is no longer the
priority option among the candidates.

c. Uncertainty in Railways:- Though the Indian Railways , India’s

biggest employer is owned by Government of India, but a lot of
activities are either outsourced or completely handed over to
private players. There is fear of privatization of Railways in
future. Also the current recruitment has gone down significantly.
Even the recruitment process of the previous notifications has
not been completed yet.

d. Artificial Intelligence & Faceless Processes in Government

Departments: - With the advent of technology the human effort
is getting minimized at all steps. It is leading to lesser
requirement of staff in government offices like Income Tax , GST
, CAG etc. Things getting online & automated. So the hiring is
expected to further decrease for these coveted departments.

e. CORONA Impact: One of the biggest side effects of COVID is

slowdown in economy. The government has instructed all its
departments to cut down on costs. So we can hardly expect a
boom in government jobs in the coming period.
What our Youngsters should do ?
The coming 1-2 years are going to be a bit slow for every sector,
pharma being exception. But the corporate sector has the potential to
revive on a much quicker note. We can see that Top B Schools have
been able to find good placements for their pass outs even during the
covid situation. Looking at the current scenario it would be best to
scale up your skills & go for higher study. And when we think of higher
studies, the most dynamic & rewarding career option is MBA.
Go for MBA Degree: -MBA from one the top B schools in India fetches
a domestic package of Rs 20 Lac plus. If we look at the growth
potential after MBA degree from IIMs or other Top B schools in India
like MDI, XLRI, FMS, SPJAIN etc. there is no comparison. The MBA
degree from Top B Schools equips an individual with the skill set that
is in demand in the corporate sector.
The Young & Aspiring graduates are no longer looking towards the
safe jobs in government sector, they wish to fly at their own pace and
MBA degree from top B schools provides them the wings to chase
their dreams. There are around 10000 seats in the elite B Schools in
India and around 2.5 lac young graduates wriggle it out in CAT Exam
to catch hold of their dream career.
This is the time to add value to our skills and not the time to market
ourself for a Job. Go for MBA, upgrade your skills for 2 years and come
out with flying colors 2 years down the line. Keep one thing in mind
MBA from top B schools is what we need to focus at. Otherwise there
are thousands of college and lacs of seats in them. Appear in top MBA
Entrance exams like CAT , XAT , IIFT , SNAP , NMAT & target best B
Schools. Enjoy the enriching experience and be a corporate leader.
Best wishes for the Aspiring youths of India …….

For more details on – How to go for MBA?

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