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Saturday, June 28, 2008Tuesday, June 24, 2008
Father : Nothing .. Just came back from work .. You tell me
Son: Dad, I want to do a MBA !!
Father : A MBA or An MBA, idiot you dont even know what is an MBA ?
Son : I know dad, its Master of Business Administration ..
Father : Oh fine, so you know what does MBA stands for ... great ... Why MBA son ?
Son : Papa, I have an inclination for management. I dont want to serve as a techie in a MNC for my life time.. It sucks sometimes .. moreover it is the best career shift degree available in market ..
Father OK dear son .. but you are earning well in your current organisation and you recently got promoted .. I am sure you will grow to a management career ladder soon. And what career shift are you taking about ?
Son : Dad, I want to work in a financial firm or may be own a one soon ... CEO XXX(Son) S/0 YYY(Father) .. What do you think about it ?
Father : Uh hmm , sounds impressive .. But why finance ? Why not Operations ... or IT ? You have a good experience in Information Technology ..
Son : Papa ji, I have a great interest in finance .. I love reading financial papers .. I like to watch CNBC .. TV 18 and NDTV Profit .. Moreover dad I have taken few NSE Financial Certification and realised this is the stream for me .. I would like to become a CEO of financial advisor one day...
Father : I am impressed .. Ok.. fine .. All the best for your CAT ..
Son : CAT .. Dad CAT XAT MAT is not my cup of tea ... It sucks.. How can one judge a student on a two hour paper basis alone ? Non-sense ... In my opinion CAT should not be 'only' selection criteria .. They should consider prospective student profile as a whole ... And ..
Father : Oh enough son ... I got it .. Whats your call then ?
Son : Dad I want to do a MBA .. I mean an MBA from International University .. I will take GMAT TOEFL and IELTS .. Whatever it takes !
Father : Do you have any idea how much an International MBA cost ? I cannt afford to sponsor you dear .. I have limited funds which will be for your sisters marriage and my post retirement life .. and what about ROI ?
Son : Fine with me papa .. I will sponsor myself .. I have some funds and if I need I will go for an education loan .. I recently researched on that ... Nationalised bank gives loan as high as 20Lks for International studies .. What do you think mom ?
Father : Alright .. and ROI again ?
Mom : Do whatever you want to do .. We(parents) are with you !!
Son : Dad, Lets hope for the best. I have ZZZ years of experience and there always a job for one who really wants a job. I will start my international MBA application soon. US and UK are best known for their management education.
Son : Thanks dad.. Love you mom !!
Nobody knows How successful would son be in his dreams ... On a more serious note, see it’s all a question of where you see yourself say 10 years from now (although very few of us think that long term). If you are a 'techie' at heart you would probably be quite happy to be working on the tech side and you can make a great career that way as well, but if you want any of the following things then an MBA probably makes sense -
(1) A career move to an entirely different domain say finance or consulting.....it could be done the without an MBA as well but then the struggle is a lot harder
(2) Rapid Growth ... A fast forward button for your career.....in the corporate world degree holders from top B-schools are given positions of responsibility and authority very quickly considered to those without an MBA irrespective of any amount of 'managerial' acumen you may show.
(3) Money.....lots of it ..... at the end of the day there's no denying the fact that this plays a very important role besides your work...In fact for many it's the sole reason for many who pursue an MBA.....the hard fact is that those who do the actual work get paid far less than those who 'manage' them...."