Is MBA waste of time?

Pursuing an MBA is certainly not a waste of time in fact it is considered as an investment due to the salary packages offered to MBA graduates by top companies early in their career. The average starting salary package of an MBA graduate ranges from 12-15 LPA and the highest being 20-40 LPA depending on the company and the position you are hired in. 

Placement Scenario

An MBA degree takes precedence over any other postgraduate degree. 

• MBA has a 100% placement record.
• The highest salary package offered is 20-40 LPA.
• The average salary package offered is 12-15 LPA.
• Top companies like Deloitte, Morgan Stanley, Nestle, Asian Paints, Saint Gobain, Wipro, Berger Paints, Phillips, McKinsey and Company, HSBC, Yes Bank, etc. hire MBA graduates.

Return on Investment (ROI)

MBA also being a costly course provides a good Return On Investment (ROI).

• The efficiency of an investment is determined by the measurement and comparison of the ROI.
• The MBA course graduates can get higher salary packages offered to them. 
• They get a raise or hike in 10 years considering the long term salary projections. 
• Students opting for an Executive MBA are working and are in the process of pursuing the degree, so the salary earned will also be included when calculating ROI, making it a profitable subject.
• The highest salary package offered to MBA graduates can rise from 48 LPA to 70 LPA in India.

Thus, pursuing MBA is not a waste of money or time if you invest your dedication in it well. To achieve something big one has to go through a number of steps before reaching their destination. In pursuing MBA also students have to be focussed and determined to complete their degree for better career prospects or opportunities. It helps one to learn how to organise themselves and synchronize it with the roles and responsibilities.