The MBA as a Commodity

by Vinaya HS on February 21, 2006

in The SP Jain Blog

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Look around and you would observe that an MBA degree has become equivalent to a commodity – one that you can trade. The observed trend, in my opinion, goes as follows: “If I pay Institute X, a sum of rupees Y, then will X assure me a job that pays me a sum of rupees Z?” More often than not, Z (= your dream salary) is at least two to three times A (= your current salary, if you are earning one). Mathematically, the MBA program then reduces to a simple problem: “Maximize Z.” In fact, people often choose X based solely on Z.

Unfortunately, the media, I believe, is responsible in part for this phenomenon. Almost every newspaper, business magazines, non-business magazines, online discussion forums, etc. concentrate on only one question: “How were placements at Institute X?” Nobody seems to be bothered about the educational aspects such as it’s relevance to contemporary industry and such. It’s all about “the highest domestic salary,” “the average domestic salary,” and “foreign placements.”

My advise to all you eager students: “focus all your efforts on the learning and knowledge that you can acquire from the program.” Work on becoming a capable and innovative manager (of everything – time, money, people…). If you’re good enough, then you will earn that “Z.”




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{ 2 comments… read them below or add one }

Anonymous February 21, 2006 at 4:24 PM

Hi Vinaya,
You are right.
The MBA aspirants should target where they can get good education.
Which will be helpfull for their future role.

Wow you are active in blogging.
Keep the spirit and motto acitive…
Regards,
Girish

Anonymous February 21, 2006 at 6:24 PM

who said this to whom and when? copy cat

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