It is important to make decisions about pursuing a postgraduate degree, such as an MBA, based on long-term goals and not just temporary emotions or the advice of others. It is also helpful to have a clear vision of where you want to be in 10 years, as the specific timing of when you obtain your degree may not be as significant as the institution you attended and whether or not you have achieved your desired career goals. If you are unsure of your long-term goals or what you want from life, it is a sign of maturity to recognize and accept this, as it is not uncommon for most people to discover their path through experiences and self-reflection.
It is worth considering the potential drawbacks of pursuing a PGDM (postgraduate diploma in management) from a new institute such as IIM Nagpur. It may be more difficult for students at new institutes to secure top jobs, especially as fresher. Additionally, students may not have as much flexibility in terms of choosing their preferred industry or profile and may have to accept positions with mass recruiters. In contrast, working for a company like Mu Sigma may provide the opportunity to gain exposure to diverse industries and a deeper understanding of the corporate world, as well as the chance to develop self-awareness through brainstorming sessions and project meetings. This may ultimately help you to determine your desired path, whether it be an MBA or a different field such as financial engineering or customer psychology.
My elder brother works in Mu Sigma, who also has an MBA degree from Ross School of Business, Michigan. As per his personal opinion, most young pupils leave their undergraduate programs in an insensitive way. Except for some exceptional cases, they do not have any idea what they will do in the future. In this case, pursuing a Master’s Degree is completely the worst thing, instantly after graduation.
My brother did his MBA, after 9 years of his graduation. The MBA allowed him to change professions without dropping a beat, ensuring he did not have a debt overhang for the next 10 to 15 years.
Just getting into a reputed IIM, does not mean your life is on the right path or you will secure a high salary package.
Doing a masters too early can limit your opportunities in the future. Especially if you are still figuring out what you want to do. So, do your research thoroughly before making a decision. If you want to study, try to get into the top business schools of the world.
Finally, if you are really good in math and have a proper understanding of logical reasoning, creating thinking, then you can join Mu Sigma.
In the following table a short overview of IIM Nagpur is given.
Criteria |
IIM Nagpur |
Highest CTC (Domestic) |
20 LPA |
Average Salary |
12.35 LPA |
Placement Percentage |
100% |
Average Fees |
11.50 Lakhs |
Exam Cut-off |
90% in CAT |
Do your research, talk to your peers and seniors. But do not blindly follow any advice. Decide for yourself.