4th April 2014 From India
4th April 2014 From India
I m impressed with your view but you have choose what you think the best you can do, never loose your confidence that you can't get admission in IIMs or any reputed institute. It is better to do full-time MBA because nowadays many reputed companies take the MBA graduates from campus itself and so its a best option to get a high paid salary job in a reputed company without any circumstances. Only you have to focus on your target and keep hard work.
Thnx. & i think i got my answer that i should go for Full time MBA
But, lets keep my story aside & come to the title of this discussion “Does full time MBA from Top Tier colleges/institute is the only key for achieving professional goals”. Presently I think its true bcuz,
1) Corporate does not entertain MBA grads form 2nd tier clg (in some cases) & 3rd tier clg (yes der are some companies who does not give preference to degree or institute )
2) People from 3rd tier clg have to work with SME’s or smaller firm( by revenue, team size etc) & I believe smaller the firm, higher the learning & development of individual but what about monetary/salary ??
What actually happens I can describe in example :
Say for der guys A & B in Mumbai, want to be HR & both have interest in BFSI
1) Works hard for preparing CMAT, gets good score & takes admission in S.P JAIN (Top tier)
2) Gets placement at J.P Morgan with package of 12 L pa
1) Similar to “A”, he works hard for CMAT , get good score, but he cant make it to S.P JAIN bcuz he cant pay fees of Rs 10-15 lacs.
2) Gets admission in some 2nd tier or 3 rd tier clg, also gets placement at ICICI securities with package of 6 L pa (3rd tier clgs don’t have big companies in placement)
After working for 5 Yrs in der respective companies i.e J.P Morgan & ICICI sec, they goes for interview at Goldman Sachs.
What happens with “A”
1) Ohhhhh, You have done MBA from S.P Jain, great
2) Ohhhhh, you have 5 yrs of exp, great
3) Ohhhhh you handled this & this, you did this & this, excellent, perfect guy,
4) We ‘ll hire you, you gets so n so designation & 30% hike on your ctc (e.g 30% on 12 L pa)
What happens with “B”
1) Oh, you did mba frm dis “XYZ” clg (3rd tier)
2) Ohhhh, you have 5 yrs of exp, great
3) Ohhhhh you handled this & this, you did this & this, excellent, perfect guy
4) End of the story
Both guys are equal on degree, exp, domain knowledge but “A” gets hired bcuz of dat “S.P JAIN”
Lets say “B” also gets hired. & hiring manager says “We ‘ll hire you, you gets so n so designation & 30% hike on your ctc (i.e 30% on 6 L pa)
& this cycle of Hike goes on & “B” will never match the package of “A”…
Ofcourse “B” gets opportunity to work with “Goldman Sachs” once he had a dream to work with….but what abt package ?? now people will say he gets what he dreamed about & money is not all the things n all & it is completely true, 100 % true. money isn't everything but everything needs money
Lollll It went toooooooo long, :D
PN- I dont have MBA degree but i have experience and knowledge in HR so i get good package at the same time my colleges have MBA degree but not much more knowledge abt law so he get low salary then me. So only degree will not give big package, knowledge matter in that case.
If u hv MBA degree but u not familier with law then no one can hire u and big package.
Dont loose ur confidence and always try to learn new thing in HR.
Well having worked with many MNCs and Having trained many MBA students across India I would like to let you know that you are right according to research. But when opting to study part time you have got to ask the following questions:
- Will my company be supportive
- Do I have the self discipline to study part time
- How efficient is the institute I am studying through
- Is my choice in alignment with my future goals
Ask yourself these questions and make a decision based on your observations about yourself.
You right that a qualification does not determine ones growth or success but in the absence of a qualification one must have raw , concentrated determination.
Thnx for ur valuable reply, i just on to say 4 things on ur reply.
1) No, I never got rejected due to MBA or lack of knowledge of law nor I applied in any Big firm bucz I never went for any interview as I am doing awesome work in my current firm (according to my senior’s) & if you read dis discussion from starting u will cum to knw wer I am working & in which role.
2) I am saying all dis things from my research, from my observation, interacting with HR people, some studies on current education system & corporate culture, Hike systems in corporate (I knw i have very less exp in industry & I may be wrong in understanding corporate culture)
3) As u said “If u hv MBA degree but u not familier with law then no one can hire u and big package” so again if u read dis discussion frm starting u’ll knw dat I have already stated the importance & value of domain knowledge,exp, etc, but prob is dat the many companies are giving more importance to degree (now dis thing I can mention with the names of the companies & with the Role/Designation, CTC, Degree, location etc )
4) Last but not the least, I have done some research on your profile as well :p I must say u have very gud exp in manufacturing industry (HR & Compliance Department )i.e 7 yrs & u r getting package of 3 L pa ;)
It is important that the company you are employed at when studying supports you in your effort. For example
- Are they willing to promote you to a better position post your studies
- Are they going to be flexible with you when you want to take a study leave
- Do they have bursary options ? Many companies give students an amount to their studies , this is done so that the company can retain the employees talent after studying,
It is great if a company supports you but what if a company doesn't support you? A non supportive company will not allow for any decrease in productivity and may not give you a better position once you qualify.
You need to be able to handle either situation and have a plan of action .
I have done regular M.Com in 2009 and MBA-Hr (1 year distance learning programme) in 2009 itself. Also have five months of corporate experience in Human resource management.
I wanted to write NET this year in "Labour Welfare/Personnel Management/Industrial Relations/ Labour and Social Welfare/Human Resource Management" Subject.
Please confirm, whether i can apply in NET with above mentioned subject or not?
Also, share dates of upcoming NET exam.
Looking forward to your positive response.
Let me give u my thoughts; they may be flawed but I have come to believe in them as a result of my own experiences and thought process. The fundamental question u have asked is what success depends on. I feel the very definition of success is a subjective and relative one. However, if I take success in its most conventional, i.e. money, secured job, good education, good family etc; then many of these things depend of what type of education u take (among many other things). And that applies to which B School u go to. Of course, there are other factors like ambition, clarity of thought, efforts, networking and people skills, communication and luck. It is safe to say that these, combined with a good B-School can be a sure shot formula for success. As I mentioned earlier, this success is a very conventional one and people have different ideas of success.
Coming back to your question, I feel in this economic condition, spending approx 5 lacs for MBA from a not so reputed institute will be a complete waste of money and time. Instead, a wise decision would be to look for another job, improve urself (I can see u can improve ur english more) and strive to do better. MBA is not the be all and end all of one's career. More important are the values that an MBA teaches u, which is people mgmt, communication, public speaking, organising skills etc.
Hope my long reply would help you.
After reading the chain of conversation i would like to share my thought as well.
According to Kishore's statement "You can be a Professional Giant" only if you have both (Degree from famous B Schools & thorough professional knowledge)
Again it is based on industry standards because "IT & ITES" sector are giving more salary when compare to any other industry
If you are a well equipped person obviously you can be hired in (Big 5's) but for a lower cadre.
The reason being is "If you look at the jobs posted especially for HR" in few websites especially if they are hiring for Big MNC's they specifically have a line stating "Need candidates from Tier - I institutes only" and because of this so many people couldnt apply for it (includes me as well :) irrespective of the knowledge which they possess.
As per the research Mr. Kishore you are write. But you can even get more salaries even in smaller companies based on the work knowledge, loyalty, dedication towards organization growth etc...
Finally as per Mr. Jade's recommendation you need to check on the feasibility of doing it as part time as it should not affect the productivity at any time
My suggestion would be even if you are opting to pursue over part time or distance make it in a reputed institution which offers the same.
Hope I clarified you. Have a great day :)