Caution: Don't read if you are not ready to hear the truth of MBA, no boasting of MBA and B-School arena to follow ! Reality of overhyped world is what is going to follow!!
Foreword : Journey for MBA started off with taking exams like CAT, XAT, FMS etc. with the dream in eyes to enter into either of the top Management Institutes so that i can also become the part of elite world as perceived these days by Indian community.
Got a decent score in CAT, gave a few interviews and fervently hoped that A, C or L would call me. They didn't and I arrived at NITIE, one of the highly underestimated institutes by non industry people.
Two years have passed since. The journey has been remarkable and entire 2 years are flashing before my eyes right now
Day 0 at NITIE Even before i landed at NITIE and was on the flight to reach Mumbai from Mangalore, a meet was organized at NITIE pond by few of the friends to meet visionIIM-ACL, and it was a great honour to be recognized for some helping hand provided to friends out here at forum. This meet could never happen though as flight got delayed due to bad weather and i reached somewhere around 2:30 am at NITIE Campus.
Straightaway went to room of few friends and the bakar started, with high hopes of meeting greatest of minds tomorrow, all champs in my eyes after cracking CAT, majority being 99 plus percentilers and with good profiles.
First class at a B-SchoolWaiting in classroom for the first lecture on Communication Skills, a prof comes and addresses a class of 80 students, most of which were 98+ percentilers in verbal. Within first few minutes of the class, everyone was made to realize that you dont even know basic grammar leave apart presentation making skills or how to write in professional communications.
This was the beginning of a change and i was in dilemma of whether to be happy of learning or unhappy of unlearning what i thought to be correct for 24 years of my life. And then the saga of lectures continued, it being first of everyone was quite sincere and happy!
July - August 2010 -> Rat race before entering a B School continues even in B-SchoolThe way everyone participates in rat race to get into one of the coveted B-Schools, this is the time when everyone will get into yet another rat race and this time it is going to be the one to enter into different committees and forums of respective colleges.
People will turn more professional with friends, try to use contacts with seniors and above all, will once again what all they said at the time of entering B-Schools i.e. nothing but the ' lie ' in induction processes of these student run bodies.
Hard work, dedication, commitment , innovative, presentation skills, public speaking etc. are the words you will hear for the 3rd last time at this moment in any B-School.
All this is generally followed by summer internship process where the above words are used for the 2nd last time by a B-Schooler while they say

to HRs of companies and portray an image which is again too far from their real ones.
September 2010 - March 2011Summer internships done, 100% summers is not a big deal across top B-Schools! Chilled out atmosphere for the first time after all the hectic schedule of first few months. One of the dullest period in a B-School where people get busy in themselves, few participate in competitions to earn huge prize moneys of B-School events , rest in sleep and playing LAN games.
At personal front, i opted to make some money by winning few competitions and ended up winning few thousands. My first ever B-School competition win was in IIM-K

prior to which i was rejected in final round of 2-min elevator pitch , held at NITIE itself. After IIM-K, the journey of winning began and with around 40% strike rate , ended up winning a decent amount

though you will always find that you throw parties or spend more on yourself in happiness than you actually won in prize
April 2011 - May 2011 Summer internship time. Those who like company and work culture, work hard to get PPOs and rest just do time pass with bit of work which enables them to speak on summers in their final placements.
Fortunately or unfortunately, i belonged to the latter group.

The only good thing about my summers was that it made me stay in WIMWI's campus for 2 months
June 2011- November 2011 : Final Rat Race beginsAnd this is the time when final rat race begins. All those who invested time in drinking and roaming around during 1st year, wake up now. All , yes i mean 100% of people will be found working on one or the other competition and this time it is not to make money but to earn a CV point. No matter it is of a finalist or of a winner.But, everyone wants it.
Similarly, this is the time when everyone will contact alums for the first time and will turn no stone unturned to get weekend projects . Again not with the purpose of learning in most of the cases, but just to get a CV point.
During this phase, at personal front, i opted to work on a research paper with one of the profs of college and was successful in completing it and now the paper has been accepted by one of the international conferences and will be published in their journal as well

In addition, i kept on participating in competitions as onc you win few competitions and get money after your salary stopped coming in your accounts, you start treating these competitions as your task and college conducting them as your employee

All the activities done by any student at this time is the precursor that Final Placements are coming up.
December 2011 - January 2012Aaah... not much to say, it is the time of final placements.

Time when you say to your parents and girlfriend(s) ... kyun paisa paisa karte ho.. kyun paisa paisa karte ho

Not because that you dont money but because you realize by this time after all the interaction with alums that selecting a career as MBA is not all about CTCs and high packages. It has lot many things beyond this and you try to get into profiles of their choice.
Also this is the time when you come to know another fact :
CTCs and average packages of all B-Schools are just a myth. Company whose CTC was 16 is actually giving just 8 fixed and rest 8 as variable of which with even above average performance you can get just 2

but the college will show 16 in media. Now is the time you get enlightened and you suggest to aspirants to not go by placement figures .. once again, B-School says
February 2012 - April 2012 Everyone placed, time to enjoy last few months in college. This is the time full of out-station trips, trekking , movies etc. Nothing much interesting in this part except that this is the only time during entire 2 year stint at MBA that people will behave as true friends and not professionally as they used to.
Major reason being that after placements, no one feels insecured because of any other person

Personally, i spent this time at PG and mentoring aspirants and missed out quite a few trekking plans in the duration.
Few major observations across 2 years in B-School - Hold your breathe and read itUndoubtedly, 2 years at B-School will change your life.
You will see all boys around you becoming men and that too mostly older and fatter. One can see girls, the precious few of them around , turning a little sweeter to you.
And like they say at the time of PIs during admissions of B-Schools, all MBAs are too fond of giving it back to society. You will see all the small alcohol shops in vicnity of college turning into huge bars because of the donation given to them for their development by B-Schoolers. Apart from this, helping partnership of Freecharge and McDonald to grow is what MBAs like the most and helping McD to add x number of stories at their shops across cities that have B-Schools.
No matter what the hobby is said at the time of PI, finding a life partner is the best timepass of all MBAs during the stint at B-School. Not to blame them, as this is one of toughest task as you rarely find eligible for the same especially if you are in top 10 B-Schools. But that will never deter any B-Schooler from trying. No matter how many time they fail and their friends say " ho gaya tera

: !!
Ultimately all MBAs after above failure will zero down at building the career and enhancing their CVs by winning B-School competitions , fin enthus by cracking CFAs, few in the gym , few on bed, few in the markets, a few in their expeditions , few in movies available at DC , few in knowing what others are doing which they should do but they aren't and rest in their pegs
Overall - What MBA is perceived to be and what it actually turns out to be Masters in Business Administration

Ticket to sit in AC rooms, make strategy sitting in AC cabins, be the I-Banker whose every word is accepted as such by client from day 1 of job, be the brand manager whose decisions make company invest crores of rupees from day 1 irrespective of the fact that this person has 0 understanding of market as he never went on field
Sorry to disappoint but MBA is not this and neither is it ticket for these

You need to work hard to reach at any of the above and that too atleast 4-5 years down the line generally unless you have an excellent profile pre and during MBA.
You cannot manage a brand without knowing how the actual sales happens, what drives sales ... in short despite being an MBA, a part of you should be knowing all the nuances that a common salesperson knows otherwise you cannot manage.
What B-Schoolers are perceived to be and what they actually are !
Perceived to be Bonds, Federers, Sachins etc. kind stalwarts of corporate world. A person who can turn things to profits no matter what the current state is and earn huge packages in return. A person who has huge number of green and red notes around him earning 7 digit salary per month.
While being an MBA makes you realize that all written above is myth. B-Schoolers are normal human beings who usually know very few things beyond giving presentations, applying few analytical tools, ability to give gyaan on any topic no matter how verse they are in it or not coupled with bit of brain and lot of positive attitude and never say no spirit.
However, there is nothing which an MBA can do and a non MBA can't except more frequent promotions and few more responsibilities which is more due to them having an MBA degree under their name and not due to their learnings during MBA.
MBA experience is a good learning as well - It was full of pros if there were few cons
Bestowed with the finest memories, i can always recollect plenty of moments these two years have offered: bad, good and awesome.
If today i write my autobiography, these 2 years shall feature as the best time of my life which were most enriching for me. Its been a pleasure to spend 2 years at a B-School and being an MBA.
Looking forward to leverage this experience in future endeavors