hi am so shrink, but i will try to answer the question , which is a good one btw,

ROI is an important factor but , it ultimately boils down to why you are choosing to do mba(duh!!sounds like a cliche but there is more to it than meets the eye), if you are doing it cause you are stuck up with your present carrier and trying to find a way out , then you must consider ROI(ultimately plac reports) seriously , if you are doing it cause you are genuinely interested in pursuing mba then you may give more weight to long term goals(apart from the ROI)

and the definition of a "decent college" is a tough one to judge and is a conundrum , so you may have to work your choices and see what works best for you , hope i have not created a bigger abyss ,
best of luck cheers :)

One should look at the breadth and depth of the syllabi. Within a certain band/tier it does not matter which college one attends as the ROI will even out over a time horizon of say 7-10 years. If one is looking at immediate payback on the investment then the placement figures become more important/relevant. It is an individual choice based on how one is financing one's education, financial goals etc

Puys,

Please clarify me this.....

I have this doubt, while selecting a bschool, why many of them are more concerned about Immediate ROI ?

I wont say that ROI cant be totally rejected while selecting a school, but apart from that this MBA thing as we can say it as a long term investment rite ?


If you are getting selected in a decent b school...then we can go ahead and join know ?

hi am no shrink, but i will try to answer the question , which is a good one btw,

ROI is an important factor but , it ultimately boils down to why you are choosing to do mba(duh!!sounds like a cliche but there is more to it than meets the eye), if you are doing it cause you are stuck up with your present carrier and trying to find a way out , then you must consider ROI(ultimately plac reports) seriously , if you are doing it cause you are genuinely interested in pursuing mba then you may give more weight to long term goals(apart from the ROI)

and the definition of a "decent college" is a tough one to judge and is a conundrum , so you may have to work your choices and see what works best for you , hope i have not created a bigger abyss ,
best of luck cheers

Puys,

Please clarify me this.....

I have this doubt, while selecting a bschool, why many of them are more concerned about Immediate ROI ?

I wont say that ROI cant be totally rejected while selecting a school, but apart from that this MBA thing as we can say it as a long term investment rite ?


If you are getting selected in a decent b school...then we can go ahead and join know ?

hi am so shrink, but i will try to answer the question , which is a good one btw,

ROI is an important factor but , it ultimately boils down to why you are choosing to do mba(duh!!sounds like a cliche but there is more to it than meets the eye), if you are doing it cause you are stuck up with your present carrier and trying to find a way out , then you must consider ROI(ultimately plac reports) seriously , if you are doing it cause you are genuinely interested in pursuing mba then you may give more weight to long term goals(apart from the ROI)

and the definition of a "decent college" is a tough one to judge and is a conundrum , so you may have to work your choices and see what works best for you , hope i have not created a bigger abyss ,
best of luck cheers

Thank u.

Yes, most PSU recruitment ads do not specify the major-minor criteria. Which is why my query here.

So, that makes you eligible then!

simplywrite Says

The vacancy announcement itself will specify the eligibility criteria. See the vacancy notification. Most PS Undertakings prefer full time MBA programs with some minimum % marks. The condition on minor/major concentration/specialization may or may not be specified.

Thank u.

Yes, most PSU recruitment ads do not specify the major-minor criteria. Which is why my query here.

The vacancy announcement itself will specify the eligibility criteria. See the vacancy notification. Most PS Undertakings prefer full time MBA programs with some minimum % marks. The condition on minor/major concentration/specialization may or may not be specified.

have a query about dual mba specialization

i have a DUAL mba degree in finance and hr . can i apply for sarkari Executive Trainee posts?

desperately need an answer...

Assess yourself based on the following questions:

1. Where do I stand today?
   
2. Where do I want to be in the future?
   
3. What skills are required for getting there?
   
4. Do I possess these skills?
   
5. How can an MBA help me acquire these skills?
   

Your career goals are a continuation of your career so far, and you would like to take on bigger responsibilities after your MBA. If this is your reason for pursuing an MBA, you have to guard against projecting lack of ambition. You also need to describe as to why you cant learn the skills at work itself? The way around the situation is to analyze your job responsibilities in detail, assess your strengths and weaknesses, and after listing the skills you will need in your future positions, try to figure out the best way to acquire the missing competencies. There would be some skills that you are likely to gain only at work, while others would be best achieved through an MBA.

plzzzz help....
10th(cbse)-78%
12th(cbse)-56%
btech(uptu)-68.8%

i am an electronics engineer passed out in 2011..but i didnt apply for any job as i was preparing for cat 2011 but unfortunately it went disasteorus now i have nothing in my hand..except am working as project associate in iit kanpur which is a research work & it will not going to hell me in getting into mba rather it will b negative point but m doing this only to save my year gap..so now i have planned to join any psu bank as po..and during that duration i want to clear my CFA level 1..& after 2 years i want to join goood mba college(finance) like xlri,fms..& during those 2 years i want to clear CFA level 2..& after then CFA level 3(probably after mba)..
so my questions are:
1.will i get these colgs as per my acds & type of work ex??
2.can i switch from banking sector to finance sector through cfa?
3.can i get good colleges like XLRI,FMS,NMIMS after clearing CFA L1..& 2 Years bank job so that my bad acads can be coped up?
4.can this bank job can be treated as work ex for applying in foreign business schools throgh gmat?

Hi all,
In some of my recent B-school interviews, I was asked "Why management"...
My impression is that this question is valid only those interested in General Management profiles after MBA..
How are those fellows who want to go to other domains such as Fin, Marketing etc. supposed to tackle this..
I guess in such domains ppl. are not made managers directly post MBAs (at least for freshers..)
I feel I've not yet understood the meaning of management completely or I else am missing sthg regarding the meaning of mgmt...
Could any1 plz. help me on this...
Thanks!

Puys,

Please clarify me this.....

I have this doubt, while selecting a bschool, why many of them are more concerned about Immediate ROI ?

I wont say that ROI cant be totally rejected while selecting a school, but apart from that this MBA thing as we can say it as a long term investment rite ?


If you are getting selected in a decent b school...then we can go ahead and join know ?

In some colleges, the MBA grads end up with the same job, which he/she could even get without an MBA. I said an example. My friend is regretting about the money and time spent for the MBA degree.

If you are talented, you will get a better job after a two years work experience than a two year MBA unless you study in a top 20(placement-wise) institution.

When I was in my college and was preparing for CAT-cetra(term I use for 'CAT XAT IIFT etcetera') and somebody would ask me why MBA?(none other than the faculties in coaching institute where i used to study) I used to say,"well, an Engineering degree is not enough for growth in corporate world, you have to have that extra qualification to distinguish you from the crowd"
After this answer, the faculty would give me a scornful smile and change the topic.
1 year later when I recall that day, while working in an Automotive company, I realise how much my answer used to amuse them. I work with Project management group in a leading automotive company of India, a company which believes in aggressive growth and marketing(no prices for guessing the name). While working with PM I learnt how important decision making is in corporate world. My job taught me how to handle crises situations. Situations like product launch getting delayed unnecessarily while rivals are filling the market with similar products, situations like scores of field failures lying pending with R&D; which certainly affects customer loyalty towards our products. Handling such situations, I learnt that had I been a simple engineer trying out multiple settings for the carburettor before tuning it to peak performance, I won't have been able to become a decision maker.
When we ask the engineers for reasons behind project delay and they reply with puppy eyes that their Boss will be able to answer it, I feel the lack of responsibility at their level, which I certainly cherish.:biggrin:

Pakat Says

Indian Overseas bank and some other banks offer Scale I in XIME Bangalore - XIME - Xavier Institute of Management and Entrepreneurship

No idea about what they offer in XIME.
If you are interested in PSBs look for colgs where they recruit for SCALE II.
You can get Scale I through direct recruitment of IBPS and will save 2 years of your life plus a lot of money.

Pakat Says

Is there any advantage for becoming a bank Probationary Officer (Scale 1) through MBA campus placement compared to becoming Probationary Officer (Scale 1) by writing PO exams directly after graduation?

Buddy as far as I know at IMI PO roles are not offered but Roles vary from Manager Forex , treasuries , Corporate Banking , Marketing managers , even associate vice president ..

But then again i cant generalize it for other b-schools but yes if u pursue MBA from a good b-school , chances of getting profiles better than PO are very high

No. There is no advantage. Better go directly after graduation for scale I.
In which colg psb's offer scale I?

There are B Schools where they offer Scale II too. You can go for them if interested.

Indian Overseas bank and some other banks offer Scale I in XIME Bangalore - XIME - Xavier Institute of Management and Entrepreneurship

Pakat Says

Is there any advantage for becoming a bank Probationary Officer (Scale 1) through MBA campus placement compared to becoming Probationary Officer (Scale 1) by writing PO exams directly after graduation?

No. There is no advantage. Better go directly after graduation for scale I.
In which colg psb's offer scale I?

There are B Schools where they offer Scale II too. You can go for them if interested.

Pakat Says

Is there any advantage for becoming a bank Probationary Officer (Scale 1) through MBA campus placement compared to becoming Probationary Officer (Scale 1) by writing PO exams directly after graduation?

Even i wanted to know the same thing

Is there any advantage for becoming a bank Probationary Officer (Scale 1) through MBA campus placement compared to becoming Probationary Officer (Scale 1) by writing PO exams directly after graduation?

Nowadays there is craze of MBA because every company need MBA candidate to build there business and make it successful and growth of the company..

What is the best answer a bcom graduate can give for doing MBA(finance)??

Even i dont know the correct ans to this thats why i posted here...
Anyways thanks for a reply

adam18 Says

Please can anybody reply to this??

you can reply in this way:
2 years mba would open more platforms as i wold study every aspect of management along with specialisation in one or two ...
would further my reach in the corporate world whereas exective mba may somewhat narrow my field of study to my work profile and would help me grow in that direction only.... it may not create a big ecelctic platform as that of a two year full time mba..

please correct me if i am going wrong anywhere..

Hellos,

I wanted to know if an interviewer ask you "why two years of mba? instead you can do executive mba " what should i really reply...

Please can anybody reply to this??

koushtubhmech Says

if it wont fetch me extra salary then its a thinkable option....but if i wud go into doin an mba course inspite of dat then its only becoz i want to become a manager of a good level and want to handle the people below me in d most convincng way...

okk.."good level", "convincing way" are pretty vague terms...u need to cum up with sumthing more concrete. After a few yrs in ur core sector, u wil have a team of juniors wrking under u, nd u wil have the chance to "handle them"...so y MBA?

PS: i am not trying to pull ur leg or irritate u, i just want to help u find ur answer abt wat u want.

same question was asked to me in 1 of interview..please reply any1//

Hellos,

I wanted to know if an interviewer ask you "why two years of mba? instead you can do executive mba " what should i really reply...

Dhiresh1009 Says

the answer WHy MBA is not meant to be found in a few minutes. I wud advice u to assume that doing an mba wont fetch u any extra money (read: high salaries). Suppose if ur salary after doing MBA is the same as after doin engg. Would u still go for a mba? if yes, why? Respond to that, and i will give u ur justification.

really good thought bro:)
made me think in a completely different direction

Dhiresh1009 Says

the answer WHy MBA is not meant to be found in a few minutes. I wud advice u to assume that doing an mba wont fetch u any extra money (read: high salaries). Suppose if ur salary after doing MBA is the same as after doin engg. Would u still go for a mba? if yes, why? Respond to that, and i will give u ur justification.

if it wont fetch me extra salary then its a thinkable option....but if i wud go into doin an mba course inspite of dat then its only becoz i want to become a manager of a good level and want to handle the people below me in d most convincng way...

Somehow had to land up on this thread. I got shortlisted for XLRI-GMP and have my interview on 8th of April. The reason I am here is, I am still not sure if I should attend the interview. The answer to the Why MBA question is still a bit murky.

I have 6 years experience in IT across 2 organizations and frankly speaking I have seen enough from the technical side of things. I left my previous organization because I was in strong disagreement with few of the HR policies and even though I took it up at various levels within the organization, I found them largely unreceptive to fresh ideas. I used to wonder what these people have been actually taught during their 'MBA' days.

Coming to Why MBA, I feel that an MBA is not going to provide me with all the answers but atleast at the end of it I might be having some tools, using which I can find the answers I seek. I don't have any readymade answers as in 'I want to be in IT consulting' types. My question being, is it not worth going for an MBA if you are in it only for the learning it offers? Is it mandatory to go for it only if you want a few more zeroes added to your package or you wish to change your stream? If yes, then I don't think I am ready for it yet. I would love to take the classroom learnings, put them to use and see the outcome of the results, as in how some work and how some don't. I don't mind even if I take a salary hit but I would love it if I can find a kind of role which offers me the largest scope of putting the tools I have acquired to use rather than get stuck with rigid organizations with even more rigid frameworks which stifle fresh and creative thinking.

The post might be vague and confusing but such is the state of my mind at this moment. I don't know if anyone else faced the same dilemma after getting shortlisted for an interview!

Cheers..

how can i convince the interview panel about why mba question as im from mechanical engg. background??

as generally all the people tell me to opt for a job befre doin mba...

plz help...

the answer WHy MBA is not meant to be found in a few minutes. I wud advice u to assume that doing an mba wont fetch u any extra money (read: high salaries). Suppose if ur salary after doing MBA is the same as after doin engg. Would u still go for a mba? if yes, why? Respond to that, and i will give u ur justification.

how can i convince the interview panel about why mba question as im from mechanical engg. background??

as generally all the people tell me to opt for a job befre doin mba...

plz help...

housecat Says

Does slogging for CAT and go through all the hurdles of MBA worth it if you are already in a good job and getting paid around 10 LPA? Please answer this only from a ROI perspective. I know MBA brings in other benefits, but let's not discuss it here.

if u get into IIM-ABC or XL or FMS, nd are eligible for laterals, then u can easily xpect arnd 20LPA ftr two yrs..if u r not eligible for laterals, then this colgs will get u arnd 15 ftr two yrs, which is still gud enuf IMO..bt othr than these top colgs, i dont think it wud be wrth in terms of salary.

Does slogging for CAT and go through all the hurdles of MBA worth it if you are already in a good job and getting paid around 10 LPA? Please answer this only from a ROI perspective. I know MBA brings in other benefits, but let's not discuss it here.

Hi puys!
I have a query ...kindly reply to it...
Actually ,I am working in a telecom sector for the past 3 years and want to do MBA from next academic session...
The thing is ,I can't leave delhi at all due to some personal reasons and hence targeting good colleges in Delhi/NCR..like FMS,IIFT,MDI,IITD etc.
For job stability and better work life balance(as I have other commitments too) ,I want job in PSU once I pass out from college....
So can I get good PSU placement from college like IIFT through which I can get PSU job offer in Dehi/NCR??
My query seems to be looking vague to many puys...but please reply as it is very important for me...
Thanks

PSU s were a major employer during recession times. But all the MBA grads left after recession. So not sure if PSUs still trust MBAs.

Hi puys!
I have a query ...kindly reply to it...
Actually ,I am working in a telecom sector for the past 3 years and want to do MBA from next academic session...
The thing is ,I can't leave delhi at all due to some personal reasons and hence targeting good colleges in Delhi/NCR..like FMS,IIFT,MDI,IITD etc.
For job stability and better work life balance(as I have other commitments too) ,I want job in PSU once I pass out from college....
So can I get good PSU placement from college like IIFT through which I can get PSU job offer in Dehi/NCR??
My query seems to be looking vague to many puys...but please reply as it is very important for me...
Thanks

An article worth reading for all - Wanna be MBAs or not

http://www.thehindu.com/todays-paper/tp-opinion/article2968240.ece

zebran Says

Yes. . . . .

if nmims is doing like this then wat about other b schools?

I chanced upon a article/website and found it really useful in writing up an SOP,answering certain questions regarding MBA and also to analyze myself..
Hope you all find it useful also...
http://www.essaycom.com/course/chapter1.htm

(Go through all the seven chapters given on the left hand side of the page)

Think better before joining NMIMS

Anyone will join NMIMS for good placements. But NMIMS is not able to place students. They use malpractice to show

extrapolated data. The placement department doesnt care if student's career goes for a toss.

Here is an anectode of how placement department of NMIMS play with your career.

1. First they send their students details of an offer, lets say of finance background. Students like it and apply for it.

2. Second, Students go for interview. There it is revealed that the offer has false information. The profile is not of

finance but of marketing. Now any student who is cares for the career will reject the offer.

3. Third, when the students reject the offer, the placement department forces him to opt out of placement process and find

his own sources to get a job. AND STDENTS CANNOT ARGUE WITH THEM.

4. The placement department then claims that they have reached 100% placement. They ofcourse get it done by manipulating

information from the students or by forcing them to opt out. They DO NOT CARE ABOUT CAREER OF THE STUDENTS.


The placement department is autocratic and once a students falls into their trap, there is no way out for him. Contacting

higher officials leads to no results. SO BEST LUCK IF YOU ARE GOING TO BE A PART OF NMIMS. CAUSE YOUR CAREER IS UP FOR A

TOSS.

Were u the student of NMIMS?

hi kaptivate. wat u have said is correct. but if we say the same in the interview, the interviewer will definitely ask that y did i have joined in engg rather than opting the commerce group or something other which may be related to mba, like ca or bba. what shall i say for that. pls help. i faced this twice and hadnt found any good answer for this. pls help...................................................

@rs0211

You can take a look at my blog, Youtube Videos in my signature. They are more towards asnwering PI questions but should also help you in knowing ' What an MBA offers '.

Hope it helps..

Hello Everybody

Me having the same doubt...
why mba???
1)I did my btech in IT and having a work experience of around 2years in IT fiels.I am having experience in ERP but working as a technical resource.Frankly speaking I have always been interested in managerial kind of jobs.In school and colleges also I was much into such kind of responsibility .and i know if you have to make people work that is quite tougher that completing the task on your own .but after 12th I took up Engineering as I was not having exposure to any other kind of profile .I also became the part of the crowd as most parents sought of their child becoming Engineer or Doctor .But after my experience of IT industry i feel MBA is a must degree if you really want to grow .Because even if i put my 110% effort at my job I wont be able to be at the sam level as other ppl with the same degree .

In long run I want to start an NGO .Thats the final destiny of my life but as it is said charity begins at home .I cant start of a sudden at this point of time beacuse of certail financial condition.Rather i wnat to do an mba go for a job for the coming 5 to 6 years .(side by side i want to keep up preparing for my idea of esatbishing an ngo) and then land up for my final ambition .

Please advise am i on the right track???

Sorry for being


Hi,

I have got through SIBM-Pune. I need one advice from you. I have come to know that SIBM-P is very good for it's marketing and HR specializations. However, I am interested in pursuing MBA in finance only. How good would you rate the Fin-specialization of SIBM-P. Also, if you could rank the best Fin-specialization MBA colleges in India, it would be of great help.

Thank you.

PS: I will be doing my MBA this year from SIBM-P only and have no plans of taking SNAP/CAT/XAT next year.

loveyuvi Says

@soumyakundu-thanks a ton for your valuable inputs.i hope this would help me a lot to come to a sensible decision.but if it were to you to decide mba or job what would be ur decision?bcause many people are flaunting their experiece and saying that dont go in for mba as it won't fetch you much instead get into some company and after 3 years go for executive mba form reputed institutions like isb hyderabad,xlri,iims..what's ur take bro?please help me out.

Hypothetically answering to your question, Preference should be to get into top 10 college if you are already earning about >36k. secondly if you want to get into IT again as a BA or team lead better stick to ur job( assuming u r in IT). thirdly, if you are looking for a change in industry better allign ur credentials, communication & analytical skills, presence of mind with good & consistent academics. Fourth is ur attitude in terms of mingling with people if u want to take marketing or your vigor for self study for finance. finally, i am repeating it once again that if u r in IT then it becomes more tough to get into a really good profile either of finance or marketing or even operations. For IT people more often than not u would get into company going for bulk recruitment bt not in manufacturing.feel free to ask anything....

sandyx Says

I have 3yrs gap between my 12th and bba course. is it going to affect me in future during placements in mba..???

unfortunately yes. Some companies maynot ask the question but most will..

Soumyakundu Says

I think ur are partially right in terms of pay package but its not rosy for all peoples doing an MBA. The important thing u need to understand is ur goal. I hav seen people , having got a good /even best package leaving the industry within months. After an MBA u might hav to switch industry which is completely unknown. The dynamics are completely different, profiles may or maynot suit u. u might not hav the opportunity to apply ur skills which u hav acquired in a different job coz all skills aren't transferable. Apart from this, companies might not give value to the exp. u hav. So take an informed decision, because from outside it looks too cozy & attractive, which is not the all of it..

@soumyakundu-thanks a ton for your valuable inputs.i hope this would help me a lot to come to a sensible decision.but if it were to you to decide mba or job what would be ur decision?bcause many people are flaunting their experiece and saying that dont go in for mba as it won't fetch you much instead get into some company and after 3 years go for executive mba form reputed institutions like isb hyderabad,xlri,iims..what's ur take bro?please help me out.

Pearson Says

Can someone help me between MBA in finance, HR, marketing and IT? What exactly are in these and what skills are required for each?

Hi! You can visit the following threads for further information.

http://www.pagalguy.com/forum/career-discussions/66758-why-marketing.html
http://www.pagalguy.com/forum/career-discussions/68219-why-finance.html
http://www.pagalguy.com/forum/career-discussions/66759-why-supply-chain-management-scm.html
http://www.pagalguy.com/forum/career-discussions/31122-why-hr.html

:cheers:

Can someone help me between MBA in finance, HR, marketing and IT? What exactly are in these and what skills are required for each?

sandyx Says

I have 3yrs gap between my 12th and bba course. is it going to affect me in future during placements in mba..???

Well it depends what you did those three years.....it wouldnt be a big concern but questions will definitely raise...so be prepared for it...Good blue chip companies as they mention in their advertisement there shouldnt be any gap between studies but if ypu prove ypurself in the interview you will be through....so dont worry its not a big issue or concern.....best of luck:)

tats a gud question.. actually!

I have 3yrs gap between my 12th and bba course. is it going to affect me in future during placements in mba..???

loveyuvi Says

i think without doin mba u d probably end up getting more rigid payment package offers .whereas after u d hv done ur mba u ll get more attractive packages as the college where u ve taken ur degree from wud be getting probably the best companies for campus selections where u have the option to chose from various companies according to ur expected package offers.so mba helps enhance your work skills as u d hv probably be trained as if it was sum professional stuff so with that u can actually get a feel of the working environment and all.

I think ur are partially right in terms of pay package but its not rosy for all peoples doing an MBA. The important thing u need to understand is ur goal. I hav seen people , having got a good /even best package leaving the industry within months. After an MBA u might hav to switch industry which is completely unknown. The dynamics are completely different, profiles may or maynot suit u. u might not hav the opportunity to apply ur skills which u hav acquired in a different job coz all skills aren't transferable. Apart from this, companies might not give value to the exp. u hav. So take an informed decision, because from outside it looks too cozy & attractive, which is not the all of it..

arnabdutta77 Says

I am looking forward for MBA in finance as I am a B.COM graduate.Can someone tell me which is a better option between MBA or CA? If MBA in finance is a better option then in what ways it is superior to CA?

Its lyk comparing chalk and cheese. MBA-Finance and CA are two entirely different fields. If u r into hardcore numbers, love accounts and swear by balance sheets, CA can be ur holy grail. On the other hand, if u want to work with money but not exactly hard core accounts and stuff, MBA-FInance is the way to go. Both courses have great future prospects, so think about wat u want to do for the rest of ur lyf before deciding on one.

I am looking forward for MBA in finance as I am a B.COM graduate.Can someone tell me which is a better option between MBA or CA? If MBA in finance is a better option then in what ways it is superior to CA?

you dont need to think over it unless you want to know what the people above you in your organisation are doing.

This is precisely the line of thinking that I try to discourage. The 'without MBA' and 'with MBA' scenarios are grossly exaggerated in the media. So don't just rely upon articles to find out whether an MBA will benefit you.

Talk to real folks (current students, alumni) who have gone through the process. Ask them how things have changed before and after the MBA.

There are no black and white answers. For some, the right MBA can make a world of a difference. For others, it can backfire. A lot has to do with personal profiles and expectations.

So do your research thoroughly before deciding to pursue this option.

- SK

sk-i guess ur correct to some extent that one should not take any decision in haste n do proper research fo that case.i guess what sun shine is trying to say is that mba quickens ur chance to get a good job which obviously increases the rosy pay cheque.so without mba a normal graduate can't expect himself to do wonders as he still lacks that mba training which is equi important to any job ex.

loveyuvi Says

i think without doin mba u d probably end up getting more rigid payment package offers .whereas after u d hv done ur mba u ll get more attractive packages as the college where u ve taken ur degree from wud be getting probably the best companies for campus selections where u have the option to chose from various companies according to ur expected package offers.so mba helps enhance your work skills as u d hv probably be trained as if it was sum professional stuff so with that u can actually get a feel of the working environment and all.

i wud probably go in with sun shine's view cs he is 100 % correct industry demands and exploits mba n probaly for that we are flooded with various job opportunities which is rare in case of engg students who have handfull of companies like tcs infosys that simply exploit them for a much lower price .so mba is the order of the day so go in for mba without ny second thoughts to it .moreover an mba professional never faces the odds of recession ..

Your reasons are quite justificable, but my advice would be to have 2+ years of work ex preferably in a core company other than IT. As it would increase your chances to land up in a good profile maybe corporate finance , equity research or even Investment banking.
Aim for a top 10 B school, if u want to learn something else it would a lost opportunity of 2 valuable years. Whatever the top 30 bschools claim (excluding the top 10) ,all u would hav to do is memorizing before the exam, copy assignments from google or seniors, no or namesake guidance for projects, no live project opportunity, old contemporary methods of solving irrelevant case study, discouraging environment for creativity which would ultimately make you jack of all false trades, which hold no importance to company's that wish to offer a real managerial role. The methodology of these b schools are the same. They will bring some foreigners from anywhere & would proudly publish in their brochures as corporate interaction, which is nothing but only a marketing campaign.

i think without doin mba u d probably end up getting more rigid payment package offers .whereas after u d hv done ur mba u ll get more attractive packages as the college where u ve taken ur degree from wud be getting probably the best companies for campus selections where u have the option to chose from various companies according to ur expected package offers.so mba helps enhance your work skills as u d hv probably be trained as if it was sum professional stuff so with that u can actually get a feel of the working environment and all.