If there is one field of study that is viewed by all irrespective of educational background, field of work, years of work experience or age, that is an MBA. It has become the buzz word. And this has also led to the mushrooming of such learning institutes all over the country, even in the small towns with no basic amenities as it is more essential to survive and thrive.
There are broadly four categories of people who pursue an MBA.
Students – From all backgrounds, be it commerce, humanities, science, engineering, law, medicine, etc. This is the scope for growth according to them and actually gets them better and more jobs, higher salaries, and also opens up venues of employment and specialization which can now be explored. Fresh graduates, post graduate degree holders, diploma holders, all equally vie for it.
Working Executives – After graduation, especially after degrees like engineering, medicine, law, etc, students opt for a job as it is readily available. After working for a couple or a few years, they seek an MBA degree to widen their horizon, improve growth opportunities, and explore avenues. Some get driven away from their field of work, and as they want a change, such management degree is the best option.
Many also pursue both job and study of management at the same time. Most often this is done either by way of distance learning or part time. With so many options and choices, and more comfort generated, working individuals are at mush ease and benefit today.
Business Heirs – Most often, such heirs are bent towards joining the family business after completing their studies. Earlier this could be done without any specific degree like MBA, and handling and operating a business was believed to be ‘in the blood’, inherent, needing no education. Even illiterates could do so. But with growing awareness, demands of a business venture, drive to succeed and better the venture, and stiff competition in the market to survive and claim customers, a management degree has become most essential. This teaches them ways, methodologies and formulas that if understood and adopted, along with the natural instincts for business, is a sure shot to success. Now, not everyone can be a Dhirubai Ambani.
Freelancers / Artists – To give a holistic approach to their field of specialization and an edge, to excel, discover managerial elements in the same, such individuals pursue and MBA. They are thus able to handle their careers better with the possession of operational abilities.
