MBA in India

10 Career decisions which make more sense than an MBA...

Five years ago, the society evaluated your “market value” solely based on your grades, college, and the number of degrees you owned. Thankfully, through the influence of digital age, these stereotypes are slowly finding their exit route. Today, your grades don’t matter as much as they used to and if you’re talented, you can find yourself an amazing job even with basic qualifications. Those looking to take their careers to the next level, often find themselves considering the pros and cons of taking up an MBA. For most of us, an MBA programme would either be to increase our business acumen or simply because we need that feather in our cap to show the world. Let’s run some quick numbers The cost of your MBA programme abroad would range anywhere between Rs 40 and 70 lakh, whereas an Indian MBA will cost somewhere between Rs 7.5 and 25 lakh. In India, if you happen to do an internship or a job that roughly pays around 25,000 per month, and your MBA fees happen to be Rs 15 lakh; you’ll still take five years to recover the money spent on your education. Not to mention the living expenses, and other miscellaneous costs. Add two more years, may be? In other words, MBA seems like a dicey choice. Of course, you will earn more in the future and definitely learn a lot but what are the stakes? With these points in mind, here are a few career choices that cost less than an MBA but will probably do more to advance your career: Start your own business. There’s no better feeling in this world than being your own boss. Starting your own business would not only boast your moral, but will...

How many Indian CEOs have an MBA?

Does one need to have an MBA to ascend to the top of Indian companies? Not necessarily, but it helps. A Mint analysis shows that 144 of the CEOs of BSE 500 companies, India’s largest listed firms that make up 90% of its market capitalisation, have an MBA. Details were available for only 466 companies. Here, the term MBA is used loosely, to also include the much sought after post graduate diploma in business management or PGDBM that is awarded by the Indian Institutes of Management or IIMs. No other educational qualification comes close. Interestingly 81 of the CEOs are engineers but it is likely that many of the 144 CEOs with MBAs are engineer-MBAs. The Indian Institute of Technology and Indian Institute of Management Combination was and is a popular one. Still, there are 322 companies whose CEOs are not MBAs and it is evident that a B-school background may not be necessary to rise to the top — even in the case of professional managers. Here are five charts on the educational background of India’s top CEOs…Read full story:...