Top 10 MBA myths

BUSTED.

Before you make the final career decision of either doing or not doing an MBA, here are few common myths that people have about the course and where it takes you.

Myth #1: MBA is for the extra-smart.

Reality: Untrue. Data from the batches of all prestigious B-Schools and entrance exam toppers has always shown to

have students with an average grade history.

Myth #2: MBA = Money.

Reality: There could be a slight upward trend of managers receiving higher salaries than many other professions in the same league. Still, MBA graduates have the same struggle and need to put the same hard work during and after the course to achieve financial success. MBA is not a quick-fix.

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Myth #3: MBA from a top ranked college guarantees high package

and international job offers.Reality: The highest package received by one

candidate distorts our idea of the average salary. A high salary depends more on factors than the college; it includes your score, work

history and performance.

Myth #4: MBA isn't for you if you want to be an entrepreneur.Reality: An MBA can actually help aspiring entrepreneurs by preparing them with the theoretical understanding of business processes and other necessary functions before he starts his own business. For example, the MBA at AIMS, Bangalore nurtures the entrepreneurial through its innovative curriculum.

Myth #5: College Rank is the only factor.

Reality: While college rank is an important consideration, its not the end. The faculty, specializations offered, location, research areas are other important criterion.

Myth #6: MBA trains people in being greedy.

Reality: The opposite. An efficient manager/leader works with time for organizational success. Many times, he/she is required to put his goals aside for the larger purpose.

Myth #7: I can completely change my career direction using an MBA.

Reality: Rarely. Mostly though, an MBA is an extension of your existing expertise and experience. An IT professional will be

trained to better manage teams/processes within the IT domain.

Myth #8: MBA graduates are all

talk no substance.

Reality: Management is like any other subject,

and it involves thorough study and insight.

Management students engage in research and

study of a variety of concepts to arrive at

what they are talking about.

Myth #9: the Marketing/Finance Myth.

Reality: There is a tendency to believe that Marketing and Finance are the major areas managers get into. However, there are a variety of other management specializations such as food, biotechnology, pharmaceuticals, etc.

Myth #10: “Soft” courses like CSR and

Leadership are not important

Reality: The direction of business is gradually

turning towards sustainability and people. MBA programs these days

specifically train in CSR and sustainability to equip

managers to handle these challenges in their

prospective organizations.

We just made your decision more informed. Good luck with your choice and future.

www.theaims.ac.in