Finished your graduation??? Don’t know what to do? Don’t want to really study but still want to make money? You aren’t having any good academic record or interest in any subject but then too you want to have an entry & justify your existence in the corporate world…Well, very simple…get admission to any B School existing in the country. Nope, I am not speaking of IIMs or any other top 10 B school. Of course getting admitted to such top B schools is difficult. But don’t worry, there are easier options too...like getting admitted to B schools offering so-called “autonomous certification”, “AICTE approved certification”, “foreign degree”, “world class education” etc. All these B schools claim to be “A” category business schools in their mass media advertising. By the way claiming to be category “A” business school is very easy these days. Thanks to the n numbers of survey results being published by different magazines every alternate month. Except for IIMs & a few other known good business schools, all other surveys show drastically different results for different B schools. On top of that these business schools also show some weird benefits in their advertisements, e.g., large campus with swimming pool/gym, centrally air conditioned, excellent canteen etc. Now how on this earth a swimming pool is related to a management degree, god alone knows!!! Also what is the point of advertising about their air-conditioned campus when the students once out of such colleges will have to do direct selling of products like credit cards, home loans etc. in scorching sun. Similarly I am not able to understand the connection between excellent canteen & managerial skills. Perhaps such colleges want to satisfy the taste buds of their students by offering such food as the management of such colleges must be aware that once passed out, the students will have real difficult time to even have a normal meal in any restaurant by their meager salary. The best out of all these tactics is to write “excellent placement record”. Now on what parameters, they qualify their placement record as “excellent” is still ambiguous to me. How do they get the courage to prefix the term “excellent” before their placement record is quite wooly for me!!! The mockery is that all these “B” “B schools” (B category B Schools) charge some huge fees because of these so-called benefits offered by them & students keep on paying such abruptly high fees in hope of getting some great job with “lucrative” pay-package.
Well, frankly speaking, even I haven’t done my MBA from any of the IIMs or so. But I have done my MBA from a reasonably good institute & if I do the cost benefit analysis (fees vs. my salary), I am not having much grievances as being a university degree, my institute has charged us a very low fees. Well, I am working in a reputed organization & supposedly handling a good portfolio but if I think of the nature of job, to be very honest for initial one full year of my job, I never did any managerial or so-called “strategic” work. I did some stupid operational level & moron work only which was nowhere related to any of the papers studied in MBA. After doing moron job for almost a year & half and because of my good academic track record, finally I got the so-called “managerial role” which was still way beyond those marketing fundas studied by us in our classrooms. Sometimes, I really think as to what does MBA course teach us because of which it has become such a craze & a basic qualification for getting a job? Believe me friends, I seriously think it only teaches us how to exceed your confidence more than your competence!!!
I know that with the mushrooming growth of B Schools, it is very easy now to become a management graduate but what is happening after that? Management graduate even after paying huge fees in lakhs & lakhs to these “B” “B Schools” are doing the job of sales executives & getting a salary as good as a normal graduate gets.Few years back, same happened with Engineering & Medical courses. These degrees were craze in earlier days but because of these hundreds of private colleges in every city & donation seats in almost every college, everyone with no knowledge & intelligence started to become an engineer or doctor. The value of an engineer or doctor got so diminished that they started to work at the lowest salary possible. I think the same is going to happen with MBA also. Its high time now that the students should understand the difference between a “B School” and a “B” “B School”. Its of no use to waste so much of money in such schools in hope of getting some excellent job with some great package. In fact the Govt. should not give affiliation to any such “B Schools” which are just going to mislead the students by showing them rosy pictures of their career. Such schools are not “B Schools” at all, rather they are “C Schools” i.e., “Cheater Schools”.