When is an MBA Worth It?

MBA is the most in demand postgraduate course in India. It is a 2 year full time program providing specializations in Finance, Marketing, Sales, Operations, Human Resources, etc. MBA provides students with the knowledge of managerial and leadership skills. It tests the student’s problem solving skills. Admission is based on the entrance examinations like CAT, CMAT, SNAP, XAT, MAT and NMAT.

Yes, pursuing an MBA degree is definitely worth it. Students can secure jobs in domains like Marketing, HR, Banking, Retail Management and others non-core sectors as well after an MBA. 

It is worth more when it comes with benefits like - 

• Having the best Return On Investment (ROI) being one of the costliest courses.
• The efficiency of an investment is determined by the ROI measurement and comparison.
• The MBA course fee being higher leads to higher salary packages offered to MBA graduates. 
• They get a raise or hike in 10 years considering the long term salary projections. 
• Students choosing Executive MBA are able to work actively while pursuing the degree. The salary they earn will be added while calculating ROI.
• The highest salary package an MBA graduate is offered can rise from 48 LPA to 70 LPA in India.
• The top recruiting companies that hire MBA graduates include Deloitte, Accenture, Infosys, Capgemini, Citibank, ITC, Nestle, Saint Gobain, JP Morgan, Wipro, Microsoft, Phillips, Reliance, L&T, McKinsey & Company, Avendus, Asian Paints, etc.

Top MBA Institutions

IIMs are no doubtedly the best to pursue MBA and one can get a job among top companies. However, IIMs have a high fee structure as compared to other B-Schools. Some of the top IIMs are: IIM Calcutta, IIM Ahmedabad, IIM Bangalore, IIM Lucknow and many more.

Other AICTE approved B-Schools in India are XLRI Jamshedpur, MDI Gurgaon, SPJIMR Mumbai, IMI Delhi, among others. These institutes have lower fee structure than IIMs but their average placement package is higher than many IIMs.

Studying MBA is an investment because students graduating with an MBA degree receive job offers from top companies who provide a generous salary package. MBA degree provides job security and it provides a lot of career opportunities than a normal Masters graduate degree. This is why an MBA degree is definitely worth pursuing.