Why doing an MBA isn't a good decision in 2021!

Well, not really a clickbait as it sounds but here's what my experience and expertise over the years tells and I have summed it up as point below.

There are different categories of people based on how they make career decisions for others, or even themselves. 

The first one includes people who pursue their passion.

The Second one includes people whose decision are influenced by multiple people and a multitude of factors on what they perceive would be a better opportunity.

Last but not the least where the majority would fall into are the followers, who go with what everyone is doing or what the society perceives as a good career.

One of the reasons that the rate of unemployment is at a staggering high in India is because of the third category, who blindly follow without much research due to the factor of trust which covers it up.

There was a wave of engineering, a wave for doctors, a wave for MBA. Now leaving aside doctors which are well regulated and have an evergrowing demand with the population and diseases. 

The rest of the waves function different, you see when the wave starts it's the early surfers who have a knowledge of the waters and depth usually make it out.

The people who come in between some do make, some don't but the people at the end get swallowed up by the wave due to the sheer volume and they are left devastated aka Unemployed.

India was once known as the Global hub of BPO or Backend services with people working at midnights to earn their bread and butter,  now it is moving to as a hub of IT, AI and Data Analytics due to the recent education policy changes.

When the BPO wave started people earned a fair amount if adjusted with the inflation rate today but as supply increased YOY from colleges, universities etc they didn't.

The drop was obvious due to extensively available human resources ready to do the job at below minimum pay.

Similarly, we have a new wave in which currently we see employees having healthy pays but once again as there will be a good flow the drop will eventually follow.

The people who would benefit as usual will be the early surfers who will climb up the organisational hierarchy but for the other freshers, there is going to be again an unhealthy competition.

Amidst this crisis where there is a demand for experienced people to bring up businesses back to their feet, MBA holders would be nothing but just mere fishes in the vast ocean which will eventually get gulped up by bigger fishes in the ocean. 

Unless and until your MBA is from a BRAND which has a value and by VALUE I mean the top 5-8 IIM's and a few names or an exceptional private player it's honestly not worth 2 years of your lift because the rest baby IIM's are in fact struggling with their placements too and the rest are just pouring out fishes in the ocean where they aren't taken in hooks but large nets that take them in bulk.

Nothing but mere commodities rather than resources and such commodities in bulk always have below-market pricing.

The MBA's aren't developing people or adapting their syllabus as per the latest industry standards and as history teaches us important lessons, on evolving and developing the outcome -  is quite self-explanatory.