Is an MBA Still Worth It? Find Out the True Value of an MBA in Today’s World
Aaj ke tech-driven daur mein kya MBA karna ab bhi sahi decision hai? Explore karein hiring trends, salary expectations, aur kya companies ab bhi MBA graduates ko preference deti hain. Nazar Ya! ke saath janiye, MBA ki asli value aaj ke zamaane mein!
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00:00Do companies still line up outside B-schools?
00:04Is MBA still relevant?
00:06And what are the alternatives other than MBA?
00:15Welcome to Nazariya ki Nagariya.
00:18Today we will go to the bottom of a question that is in the minds of thousands of students and professionals.
00:25Is MBA really a profitable business in today's world?
00:30MBA is in a growing and dynamic post-industrial era.
00:34Students are still buying MBA tickets with huge loans.
00:39But in today's post-industrial economy, traditional MBA is being questioned.
00:44Now businesses are focusing more on innovation and flexibility than solid administration.
00:49Today's tech companies, start-ups and social enterprises are overshadowing the previous industrial giants.
00:57For them, imagination and daring is more important.
01:01Not just management skills.
01:03Current scenarios.
01:04First of all, if you look at recent trends, hiring over the previous years has decreased a lot.
01:11Even in tier 1 colleges, hiring trends have seen a decline.
01:15But why?
01:17One explanation is that today's companies are preferring specialized courses.
01:23This is also cost-effective for them.
01:26Because MBA graduates have to pay relatively more.
01:30Also, in recent years, 30% increase in CAT exam aspirants.
01:36Which means more competition.
01:38There is nothing to worry about.
01:40We just need to be prepared for the scenario.
01:42Let's get serious.
01:44Not every MBA has the same value.
01:47There is an obvious pyramid of B-schools and specializations.
01:51So first decide what your core area will be.
01:55And which college will give you better expertise.
01:58In the past, MBA was seen as a commodity.
02:02And now in the lower segments of the market, it has become a staple degree.
02:07For many employers, MBA has now become a new BA.
02:12This means that if you are taking admission in tier 1 and tier 2 colleges,
02:17then you will have to work way harder.
02:20Where it pay ranges.
02:22Have you seen the excitement of advertising and media on MBA placements?
02:26It seems like everyone will get a package worth crores.
02:29But often these highest salaries are for pre-existing experience and expertise.
02:36While the average placement salary of MBA is around 10-30 lakhs.
02:42And then comes the sector-specific rewards.
02:45In industries like consulting, finance, and consumer goods,
02:49MBA has direct dependency.
02:51And these are core areas for business administration.
02:54While in tech research, social enterprises, and creative fields, MBA is being explored.
03:01Although there is no major role of MBA yet, but there is a lot of potential.
03:06The changing role of MBA in the new economy.
03:10Now in today's digital and hybrid business models, the concepts of MBA are also changing.
03:16First, management used to mean how to get the most output from factories, materials, and workers.
03:25But in today's digital economy, the cost of additional units is almost zero.
03:30And in digital assets, there is no depreciation but discontinuance or ill-use.
03:35It is very important for you to know that management is now dependent on the co-operation of technology and digital knowledge.
03:43So stay ready.
03:45The online MBA.
03:46After COVID-19, it is good that the popularity of online MBA has increased a lot.
03:52Flexible and affordable online MBA is a good option for those students
03:57who are tight in terms of time and budget but want to make their portfolio shine.
04:04Alternatives.
04:05If you are understanding the benefits and disadvantages of MBA, then pay attention to some alternatives.
04:11Specialized Certification in Digital Marketing, Data Analytics, or Finance.
04:17These courses are not only cheaper but also very area-specific.
04:22You can easily avail these courses on online platforms like Coursera, Udemy, and LinkedIn Learning.
04:30Before committing your time and money, MBA is not just a degree.
04:34It is an investment of your time, money, and emotions.
04:38Not every MBA will give you the same results.
04:42If you are doing a job and preparing for an MBA, then first understand that even the ROI of top IIMs has dropped.
04:54People who graduate from Tier 1 colleges and get a job, can get the same role by growing in 2 years.
05:02Choose an MBA only if you want to switch your field or role completely.
05:07You will be surprised to know that even the top cream of these IIMs are able to pay out their education loan at least after 3 years.
05:16So friends, the decision to do MBA is yours.
05:20Think about why you have to do it and from where you have to do it.
05:25I hope that today's video helped you to take an informed decision.
05:30If you liked this video, then like, share, and subscribe to Nazaria.
05:36Tell me your thoughts in the comment section.
05:39I, Ashish Atre, will meet you in my next video.
05:43Till then, stay curious, keep rocking.
05:47Goodbye!