00:00Do companies still line up outside B-schools?
00:04Is MBA still relevant?
00:06And what are the alternatives other than MBA?
00:15Welcome to Nazariya ki Nagariya.
00:18Today we will go to the bottom of a question that is in the minds of thousands of students and professionals.
00:25Is MBA really a profitable business in today's world?
00:30MBA is in a growing and dynamic post-industrial era.
00:34Students are still buying MBA tickets with huge loans.
00:39But in today's post-industrial economy, traditional MBA is being questioned.
00:44Now businesses are focusing more on innovation and flexibility than solid administration.
00:49Today's tech companies, start-ups and social enterprises are overshadowing the previous industrial giants.
00:57For them, imagination and daring is more important.
01:01Not just management skills.
01:03Current scenarios.
01:04First of all, if you look at recent trends, hiring over the previous years has decreased a lot.
01:11Even in tier 1 colleges, hiring trends have seen a decline.
01:15But why?
01:17One explanation is that today's companies are preferring specialized courses.
01:23This is also cost-effective for them.
01:26Because MBA graduates have to pay relatively more.
01:30Also, in recent years, 30% increase in CAT exam aspirants.
01:36Which means more competition.
01:38There is nothing to worry about.
01:40We just need to be prepared for the scenario.
01:42Let's get serious.
01:44Not every MBA has the same value.
01:47There is an obvious pyramid of B-schools and specializations.
01:51So first decide what your core area will be.
01:55And which college will give you better expertise.
01:58In the past, MBA was seen as a commodity.
02:02And now in the lower segments of the market, it has become a staple degree.
02:07For many employers, MBA has now become a new BA.
02:12This means that if you are taking admission in tier 1 and tier 2 colleges,
02:17then you will have to work way harder.
02:20Where it pay ranges.
02:22Have you seen the excitement of advertising and media on MBA placements?
02:26It seems like everyone will get a package worth crores.
02:29But often these highest salaries are for pre-existing experience and expertise.
02:36While the average placement salary of MBA is around 10-30 lakhs.
02:42And then comes the sector-specific rewards.
02:45In industries like consulting, finance, and consumer goods,
02:49MBA has direct dependency.
02:51And these are core areas for business administration.
02:54While in tech research, social enterprises, and creative fields, MBA is being explored.
03:01Although there is no major role of MBA yet, but there is a lot of potential.
03:06The changing role of MBA in the new economy.
03:10Now in today's digital and hybrid business models, the concepts of MBA are also changing.
03:16First, management used to mean how to get the most output from factories, materials, and workers.
03:25But in today's digital economy, the cost of additional units is almost zero.
03:30And in digital assets, there is no depreciation but discontinuance or ill-use.
03:35It is very important for you to know that management is now dependent on the co-operation of technology and digital knowledge.
03:43So stay ready.
03:45The online MBA.
03:46After COVID-19, it is good that the popularity of online MBA has increased a lot.
03:52Flexible and affordable online MBA is a good option for those students
03:57who are tight in terms of time and budget but want to make their portfolio shine.
04:04Alternatives.
04:05If you are understanding the benefits and disadvantages of MBA, then pay attention to some alternatives.
04:11Specialized Certification in Digital Marketing, Data Analytics, or Finance.
04:17These courses are not only cheaper but also very area-specific.
04:22You can easily avail these courses on online platforms like Coursera, Udemy, and LinkedIn Learning.
04:30Before committing your time and money, MBA is not just a degree.
04:34It is an investment of your time, money, and emotions.
04:38Not every MBA will give you the same results.
04:42If you are doing a job and preparing for an MBA, then first understand that even the ROI of top IIMs has dropped.
04:54People who graduate from Tier 1 colleges and get a job, can get the same role by growing in 2 years.
05:02Choose an MBA only if you want to switch your field or role completely.
05:07You will be surprised to know that even the top cream of these IIMs are able to pay out their education loan at least after 3 years.
05:16So friends, the decision to do MBA is yours.
05:20Think about why you have to do it and from where you have to do it.
05:25I hope that today's video helped you to take an informed decision.
05:30If you liked this video, then like, share, and subscribe to Nazaria.
05:36Tell me your thoughts in the comment section.
05:39I, Ashish Atre, will meet you in my next video.
05:43Till then, stay curious, keep rocking.
05:47Goodbye!
Comments