Planning to pursue MBA? Think again…
The bags are not completely unpacked and I am yet to recover from jetlag. Venkat, my better-half, shows a couple of messages on WhatsApp that I am yet to check. Then, as if on cue, he shows me a news article that says that admissions to MBA this year are expected to plunge to an all-time low. Vasu, my cousin’s son calls me from Chennai to inform me (albeit a bit sullenly) about how he has been given the pink slip by a famous business school in Chennai. Reason? Poor student enrolments are causing nightmares to educational institutions and faculty members alike. Luckily for Vasu, he has been moonlighting as a soft-skills trainer and so he need not worry about securing a full time job immediately. Vasu had joined a business school in his early 40s after leading a peripatetic life as a sales manager in HP. It was not difficult for Vasu to segue from a busy career in sales to a somewhat dull career in education.
 
Do not get me wrong, dear reader. Teaching has become extremely mundane. Every institution, in the process of collecting (not selecting) students, has internalized a philosophy of treating students as customers. Pleasing students is the main agenda. Business...
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COMMENTS

Karan Suvarna

2 months ago

That's really good advice
You have opened my eyes
I wanted to persue MBA from Mumbai
But now I shall step back

Ramesh Jaradhara

2 months ago

A really good news wrap in bitter coating. Name is nothing but a nomenclature, an ornament. Capable students are still found at large. Value is shine everywhere.

Tk

2 months ago

What is your point of writing this point?
Delete my comment if you will but I dont find anything of value except the fact that one can use thesaurus to make anything look good.

Coming to the post, MBAs are not getting call center jobs. Even if they are, it is not the problem of the MBA. Degree is always valuable. What is the meaning of a degree? Good laboratory? Good professor? Or students who are hard working enough to excel in life? Most of the post is focused on placements. Are we doing mba just for the sake of placements. Greatest stalwarts of India like Raghuram Rajan, Arvind Subramanian, Harsha Bhogle, Amish Tripathi etc. are working in non conventional profiles. A degree doesn't guarantee a job. Student’s capacity does. Just for the sake, even corporate companies encourage students who know stuff. A B. Com grad is not superior to MBA grad from companies' perspective. A company will rarelg hire a person based on degree. Compare apples with apples. A failure in MBA should not be compared with an excellent student in B. Com.
Students are getting placed in real estate profiles and call centers because they did not work hard enough. Not because of doing an MBA. And how can one assume that a person doing Investment Banking role is happy in his life. Maybe the real estate guy is much happy. If you think the fee of an average MBA college is very high, take loan and clear off when you can. Indian govt has supported enough for students. MBA is not to get good placements. MBA makes people think like managers, business people. MBA teaches people to network more. A person who has good network and good academic knowledge will be getting a better job outside placements. A person who depends on campus placements will be doomed to fail in life. Sorry if hurt any sentiments.

A post on a public platform should be valid, credible, statistically proven as people who are unaware of reality will choose their decision on the post. An opinion is an opinion. But at least put a disclaimer that it's an opinion and the fact that it doesn't apply to all. This comment is not applicable to MBA, but every degree. Degree is just a piece of paper. A programme like MBA or engineering is a platform. You will get a degree no matter what, but your life will change only if you utilize the platform

REPLY

aun ahmed

In Reply to Tk 2 months ago

Dear Sir,

Consider my theory : A degree is worthy only to the extent that it is difficult to get into or get out of one. One difficult degree to get into is MBBS from AIIMS,or a Bachelor's degree from St. Stephen's College, or a BTech from IIT Kanpur, etc. A degree difficult to get out from is , for example, MCA from IGNOU or Chartered Accountancy from ICAI. Now,degrees not falling in either of these categories are degrees which are easy to get in and also easy to get out (with a degree). Examples are MBA from Punjab Technical University, or PGDM from Tom Dick Harry Institute of International Business and Management Technology, or a BTech from a college affiliated to MDU or UPTU or CCS University.
When such easy degrees are available, the supply will increase and to keep demand matching price (salaries) will fall and jobs will be mundane.

Anand Vaidya

2 months ago

This article would have been more valuable if the author had named the colleges and provided specific cases, instead of generalized , almost ad-hominem accusations. I agree that education in India is at its worst (eg: JNU Bharat Tukde Honge fatcat gang being fed with our tax money) and needs fixing urgently.

sunil jivan date

2 months ago

You have hit the nail on the head.
I have the same opinion about engineering. Most jr college students attend coaching classes and are taught to crack the exam. With this knowledge and the arrogance of having bought the admission in engg college, I am totally bleak about the lot that will enter the services field which contributes ~ 50% to the GDP.

The education system is in a rot. What is expected from a medical, supposedly, graduate, who pays ₹ 60l upwards as fees. Immediate return on investment i.e fees.

Roshan Shah

2 months ago

I really don't know if you are an ex Christite or not but so much feels oh my god. Even christ bought a building the size of four football fields and it's now raising no one else but a bunch of South Indians. Pretty idiotic the system and they seems everyone to Pune city on Tuesdays, having made the college 60 kmts away from Pune in a town.

Llatika Gopal

2 months ago

Awesome penmanship... I couldn't agree more with quality vs quantity situation. I'm in a similar situation with one of the biggest, oldest, most famous University in Mumbai who have been doing nothing but extorting money. Worst, mine is a advanced certification course (ROFL) and it's costing me more than a PG course. Horrible faculties, study material has content which is copied from blogs, unethical and illegal practice information is being shared with suggestion on how to use them, we're shown hindi videos during session, and feedback OMG don't wanna go there. Worst is mistakes spelling mistake in exam questions... God save this country and hope things change one day

Employees find tax-saving reimbursement process time-consuming, says Zeta-Nielsen survey
Do employees take advantage of all tax-saving benefits available to them? Research by Zeta-Nielsen on 1,233 employees from manufacturing and service sector showed that one in four employees did not understand tax-saving possibilities through benefits that form part of their salary breakup. The survey was conducted in top tier cities - Mumbai, Pune, Bangalore, Chennai, Kolkata and Hyderabad. 
 
The salaried class can avail of several expense-based exemptions to reduce their tax burden. The entire list of exemptions is available in this link - https://goo.gl/PqVWhQ
 
Out of the various tax-saving benefits on medical, communication, fuel, leave-travel allowance, meal vouchers and gift, employees preferred using medical and communication the most. The least popular were tax-saving benefits on meal and gift vouchers; reasons being limited acceptance of the vouchers, storage difficulties and limited validity.
 
 
But is lack of awareness the only reason for employees to not opt for tax-saving benefits? Not so. The survey found that processing-time of claims was the biggest reason why employees opt out of reimbursements. 71% of...
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COMMENTS

upadhyay preeti

2 months ago

You have very correctly brought up the issue which covers the sorry state of affair in our education system. Nothing is being done to improve the situation and every successive government is worsening it by their whimsical decisions. The fictitious figure of burgeoning professional work force is going to lead our country nowhere. Its far better to have simple graduates having decent knowledge, willing to do hard work than employees who have big degrees, no knowledge, great expectations, attitude problems leading to dis satisfaction in the society.

Ramesh Poapt

4 months ago

tax shaving...IT deptt should give due publicity of various
tax exemptions ..

The Reality behind an Actuarial ‘Science’ Course…
Giri (my better half) always chides me for attempting to show things in poor light. But I cannot help it, can I? Even as I plan my annual trip to the US in February, I thought I must share certain happenings that will definitely be in the interest of the larger public. I know that Moneylife stands in the forefront when it comes to issues such as these, as part of its exemplary efforts in setting a new journalistic trend.
 
My nephew, who is based in Mumbai, was keen on his son pursuing a course in actuarial science. He sought my help, since he, somehow, believed that a seasoned academician like me will be of great help to him. I had already forewarned him about my activist instincts. Despite being a senior citizen, I have still managed to maintain my contacts in academia. It always helps. Thanks to social media networks, I have managed to stay connected.
 
As I began talking to one person after another, the real truth behind an actuarial science course started coming to light. It was, indeed, a shocker for me! Anyway, readers must have heard/ read about how an actuary is a most sought after person in the insurance industry and how actuaries draw huge sums of...
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