10 Myths about MBA Degree in India
Here we are decoding the popular myths about MBA Degree in India.
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MBA means “Package of Crores” – In India it is a popular notion that every MBA pays you a big fat salary. People generally compare all MBA degrees (even correspondence & part time) with IIMs
2. MBA means “AC Cabin” – Another popular myth about MBA in India that degree holder must have got a personal AC cabin in the office.
3. MBA means “iPhone” – In India, if you are an MBA degree holder you should maintain not less than an iPhone else you might be considered working in a XYZ company or even a struggler
4. MBA means “no work only management” – This myth commonly persist among many MBA students & also with the parents. For them after MBA “you just need to manage people”
5. MBA means “mergers & acquisitions” – MBA curriculum in India is so unpractical that students have been taught “mergers & acquisitions” but not the communication skills, hence giving wrong picture of upcoming work profile.
6. MBA means “life at luxury” – For many prospects, MBA degree is a way to luxury & reaching the niche class of the society.
7. MBA means “Business tycoon” – In India, people believe in comparison. Students keep on comparing themselves with Business leaders with MBA degrees (…also the parents 🙁
8. MBA means “foreign Trips” – If you are an MBA, there is a high possibility that some of your neighbour or relative or even from family will ask you “ Are you not getting chance to Travel abroad”?
9. MBA means “nothing less than TATA & Birla” – For many MBA will be the game changer & you will a currency machine.
10. MBA means “no cricket only GOLF” – Many MBA graduates (especially Tier-1 B-School grads), GOLF is not a sport but a networking hobby & cricket is a waste of time.
Last but not the least, the common phrase, “MBA means life set”!