With so many myths, is MBA worth it? The short answer is yes.
However, if you are gearing up for MBA admission to a top MBA college
like Invertis University, it is better if you know facts rather than
myths.
5 myths about MBA, busted
In every field, there are a few myths that somehow refuse to
perish. MBA is no different in that regard. Numerous coaching centers, online
websites, and MBA colleges thrive on these myths rather than debunking them.
You would even have heard from your friends and relatives and get a sense that
an MBA is an assurance of a satisfactory career, lots of money, and happiness.
Here are a few MBA myths debunked:
1. MBA allows you to have a complete change of your career
It is not true that an MBA is a guarantee of a new career. All it
does is provide a better direction for your current career. So, if you are a
website designer or an IT professional, you won’t be able to secure a career in
marketing or finance.
2. Professionals and businessmen do not need an MBA degree
MBA is certainly not a prerequisite to manage a successful
business. However, business education is always helpful along with practical
knowledge of the principles of business. It helps businessmen be more aware of
the obstacles to their operation and success. In particular, it is useful for
entrepreneurial businessmen who don’t yet have adequate analytical skills for
taking a calculated risk to the upscale business, plan out, and implement
innovative ideas.
Invertis University encourages entrepreneurs to take up MBA and improve their
chances of success through proper education. MBA curriculum and real-world
business complement each other well. Someone who has a prior professional or
business experience will get more out of the course than a complete fresher.
3. Soft skills aren’t that important
The reason why recruiters look for someone with an MBA in finance
over a more technical candidate like a Chartered Accountant is that they want
to hire more well-rounded individuals. Completing an MBA course provides
this versatility. Apart from core competencies, MBA candidates are also
required to be good oral and written communicators.
Unfortunately, soft skills are invariably given lesser importance
as students hardly understand its significance in the real world. While
technical skills help you land the job, you need soft skills for promotions and
job appraisals. (Best MBA Colleges in Uttar Pradesh)
4. Guaranteed success
It is commonly believed that completing an MBA from a top
institution is a guarantee for great career growth and high salaries. You
shouldn’t develop such a false sense of security. While it is true that MBA
education provides great opportunities, but you won’t be served anything on a
platter. To climb the corporate ladder, you have to work hard and earn
everything you achieve.
5. Previous educational background doesn’t matter
Your educational background will play an important role throughout
your MBA. A student from an engineering background, for instance, is more
likely to perform better in evaluation tests. The entire course itself is
easier for people with a Commerce background. Similarly, someone from Science,
arts, law, medicine, or humanities branches will have to put more effort into
studying during MBA.
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