MBA worth it?

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Hi People, I am a Cost Accountant and work in a MNC. Till a few years ago I had aspirations of doing MBA,however I get the feeling is it really worth it. Guys please tell me WHY MBA? Is it just for Pay Packets?? Is it a hyped degree? I give yo...
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Hello All,
i am a newbie, i am still trying to figure out my target colleges for perusing MBA.________________
Thanks in advance :)

in addition to my response (below) to your query...
http://www.pagalguy.com/forum/career-discussions/47239-currently-less-exp-good-salary.html#post1761613
I'd add, please check the previous post before posting your query...
you shouldn't expect a reply on a thread that's 3 years old....
www.raghavabbhi.com | My take on CAT: http://www.pagalguy.com/discussions/all-i-wanted-to-speak-about-cat-25002933/6315307
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Hello All,
i am a newbie, i am still trying to figure out my target colleges for perusing MBA.
I want to do MBA for two reasons -
a) Better package, duh!
b) Wanna gain some good business knowledge, hoping to start something of my own at some point, have some ideas, hvae no clue how to get it done. Being techie is of no use.

I have just 1.5 years(17months) of exp, Sr. Soft Dev and drawing 7.5lpa salary.
I had plans of doing MBA after 1 or 2 yr of exp, gave CAT and giving JMET,XAT,Snap this time. I am not sure i will get into IIMS or top colls, so i am thinking of settling for colleges like XIMB, IMT, GIM or colleges, am i doing the right thing? Generally,Highest sal in these coll are like 13lpa or even less, i am sure i will earn more than that if i continue in this job, so is it really worth it or shd i wait for CAT again see next year or is MBA worth at all (for me)? or please suggest some colleges other than IIM or XLRI
Thanks in advance 😃

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Hi People,
I am a Cost Accountant and work in a MNC. Till a few years ago I had aspirations of doing MBA,however I get the feeling is it really worth it.
Guys please tell me WHY MBA? Is it just for Pay Packets?? Is it a hyped degree? I give you an example
My cousin is from IIM Bangalore and specialised in Finance but when I asked him something about Taxation he drew a blank!.. He said in IIM B he didnt have taxation subject!!..He is a person who always topped in exams 99% is what he gets always...believe me... So he cant be blamed i feel.
How is it possible to be a Finance Manager with no idea about tax implications??
MBA students as I read every where in this forum say they sleep so less and study so much.. study 8 subjects in 11-13 weeks and add to that Assignments Parties boozing Lan Gaming etc etc... Is it really possible? Will any one be able to understand and apply all these concepts in such a short time..
I am really curious to know as to how Things are in B schools?
How much a person has to study... Quantum etc..
How much study hours a student has in a B school in those 11-13 weeks to actually complete the 8 subjects?
Are the Questions asked in MBA exams Tough? I mean are they atleast in par with CA/CWA/CS?
Please dont get me wrong I realise very much that the rest of the world is not a fool to give so much importance to MBA for nothing.. It sure must have something... Its very much possible that I have misconceptions...
Frankly ever since my cousin said he has no idea on Taxation I am really pissed off with MBA degree...
I would like to add that I am not writing this to hurt the feelings of anyone...
Its just that I am very curious...
Please take this as a request from a person who dosent know much on MBA .
sorry If I hurt any one or used rude language..
Also sorry for my not so good english.

Hi there!!
Just happened to view this thread. What I make out is that you are trying to compare apples with oranges !!
There is no way in which you can compare a CA/CS/CWA with an MBA just because the design , structure, scope and finally, the AIMS of these programs are so very different !!!
CA course is AIMED at developing a technically thorough professional IN THE FIELD of FINANCIAL ACCOUNTING, AUDIT and TAXATION. Similarly, CS course is AIMED at developing a LEGAL EXPERT in COMPANY LAW and TAXATION and similarly, a Grad. CWA is AIMED at cultivating a professional who is an expert in COST AUDIT, COST & MANAGEMENT ACCOUNTING and TAXATION. Whereas an MBA is NOT NOT NOT created with the aim of all these !!!!
MBA is more than anything, a grooming process....it AIMS to cultivate a certain thought process, business awareness, and tries to cultivate the basics of MANAGING BUSINESS, MANAGING PEOPLE, MANAGING PROCESSES and thereby increase a company's profits and add value to shareholders' worth. Is this the aim of CA/CS/ICWA??? NO. Then how can you compare these with an MBA ?
When you give the example of your cousin at IIMs who flustered when asked about a question in taxation, it comes as no surprise to me BECAUSE he is NOT meant to be an expert in TAXATION.
Similarly, your contention that a finance manager is incomplete without knowledge in taxation or accounting is again wrong simply because , as an MBA leading his organization, he will have all such functional experts in tax and accounts like CA, CS, ICWAs etc (not to offend you sir) but his real GOAL will be to make key decisions based on what he sees, experiences and additionally, gets as inputs from others. His job is not to calculate tax buddy !!!
Another thing is that you have fallen in the trap of assuming (like most CAs and ICWAs do) that you are a finance professional. Agreed that corporate finance has a lot of accounting and costing inbuilt but that is not the end. If you look at capital markets, at investment banking, at risk management and other such fields, then you will realize the role that an MBA plays !! It seems that your scope of view is a bit tinted and a bit narrow too (no offence buddy please).
This is what an MBA is. If you look at MBAs from top institutes, then you find that they are "well groomed" and have very good negotiation and other soft skills because THAT IS WHAT AN MBA TRIES TO CULTIVATE IN THEM. THAT IS WHY THE WORLD HAS TAKEN A FANCY TO THE COURSE AND THAT IS WHY THEY GET FAT PAYCHECKS BECAUSE they MANAGE.
They are made to work hard because many have trimester/semester exams but with loads n loads of PROJECT WORK due to which they have to slog so much. Do you have such a thing in CA/CS/ICWA ?? Probably not. Then where is the question of being pissed off when the programs cultivate a different set of capabilities in you and an MBA?
Hope you dont take offense in what I said but your outlook regarding the idea of MBA needs a sea change. Technical knowledge IS NOT ALL. Real value lies in MANAGING ( not that MBAs will always be good managers because that depends on application of what they learnt at their b-schools) and that can be done WITHOUT knowing how to tally balance sheets and interpret tax laws too my friend. In case you want more idea of the "process", feel free to discuss out. And yes, if you go for an MBA from the top class institutes of excellence, YOU ARE BOUND TO HAVE A LOT OF VALUE ADDITION ACCRUING TO YOU.
Regards,
Tumtum.
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WHY MBA...eh????
MONEY..........
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nex
@nex  ·  0 karma

MBA is more of a general program buddy compared to CA which is a specialisation. The MBA curriculum is a mile wide and a foot deep. You wont get enough time to study taxation and other things because you have lots of other subjects like marketing, operations, supply chain mgmt, HR. If you are interested in learning something about these, MBA will immediately make sense to you. If you wanna become a god of finance, and not at all interested in others, CA/CFA would make more sense.

My personal opinion

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If my cousin dosent know TAX it aint his fault 100% just check that IIM A PGP course curriculum... There is not Taxation subject in the syllabus itself.. Not even there in electives!...
Even a common man has to have some knowledge in taxation so that he can invest and use his hard earned money wisely...
I am a Cost Accountant so if I do an MBA will I learn anything extra?... Or is MBA just a degree which will teach me the same stuff I learnt in ICWA and then just add a few 0's in my pay cheque. Will I get any value addition in my head (this is what I value more) and not addition to my pocket. I already earn in lakhs.. and money aint the criteria for me.
It will be really helpful if some IIM grad or a student of IIM tells me more.
I agree I have some misconceptions... but I am just seeking answers..
From what I know from life is that the day you step into business you are supposed to know many things... Even CA Inter students who work
are treated as Qualified CAs who are expected to know a great deal..and we are talking about a passed out MBA student... Every one cannot know everything I agree but what I am talking about is the bare basics...I am not expecting anything wrong from a Finance Professional... Nor do I feel I am inconsiderate...
The words my cousin used was "I dont know about taxation because it was not in our syllabus"..I dont expect such an answer from a Finance Professional
Finally I would like to add that saying that "referring to manual and repairing an engine " aint an convincing answer... Its just like saying a Heart Specialist who is a gold medalist and brilliant student can operate my brain by referring to books!...

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I will give you an example about another field. I am a "Mechanical Engineer". I graduated from an REC (now NIT) and was considered to be one of the reasonably smart guys in class. I used to hang out with 5 or 6 people who were always among the toppers. None of us.... let me repeat ... none of us know how to repair any vehicle. We will tell you theoretically how an engine might work (and half of us will be wrong), but that's where our knowledge ends. If we ever have to repair a vehicle, I am sure we can pick up a manual and learn that stuff. Now I am not a finance guy so I am not sure if this can also be said about taxes. I thought the way you figure out taxes was to read up govt. documents on taxes and calculate them for your case. Now if your degree was in economics, then I would expect you to know about taxation.

Frankly I feel IIM graduates are worth their weight in gold not because of their education in IIM, but because they got through this great filter called CAT. Ditto for IIT. Admit a random group of 1000 people in any IIT and put them in classes with regular JEE folks. Have the same teacher teach them and then compare their performance with those who joined after the JEE screening. I bet the non-JEE junta will fail miserably. The IIT education isn't going to benefit them one bit.

Some quick answers to your questions:
Q: Guys please tell me WHY MBA?
A: Search the forum for answers to this question. My take: because you want to.

Q: Is it just for Pay Packets??
A: Yes and no. Depends on the individual.

Q: Is it a hyped degree?
A: Again, yes and no. Traditionally managers were trained on the job and didn't have a formal business education. Now most of them do. An MBA shows that you at least have some feel for business. If you have a degree in liberal arts, how does that show that you can be a capable manager or finance guy? Having said that, does an MBA guarentee that you'll be a good manager? Definitely no.

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Hi People,
I am a Cost Accountant and work in a MNC. Till a few years ago I had aspirations of doing MBA,however I get the feeling is it really worth it

well...its a personal opinion..everyone thinks differently..it is definitely worth it..

Guys please tell me WHY MBA? Is it just for Pay Packets?? Is it a hyped degree? I give you an example

honest answer...it is for both the reasons...but its about a better life...:satisfie:

My cousin is from IIM Bangalore and specialised in Finance but when I asked him something about Taxation he drew a blank!.. He said in IIM B he didnt have taxation subject!!..He is a person who always topped in exams 99% is what he gets always...believe me... So he cant be blamed i feel. How is it possible to be a Finance Manager with no idea about tax implications??

well..i don't think it is correct to blame an institute for that...i don't think that the institute is responsible for this..explain this..how come they have managed such an impeccable reputation for time immemorable
MBA students as I read every where in this forum say they sleep so less and study so much.. study 8 subjects in 11-13 weeks and add to that Assignments Parties boozing Lan Gaming etc etc... Is it really possible? Will any one be able to understand and apply all these concepts in such a short time..

nothing in life is easy and nothing comes free...you need to spend time, effort and lot of things to be the best in life....
I am really curious to know as to how Things are in B schools?
How much a person has to study... Quantum etc..
How much study hours a student has in a B school in those 11-13 weeks to actually complete the 8 subjects?

I don't know..a real B schooler will answer u better..probably an IIM student..m just preparing.. :oops:
Are the Questions asked in MBA exams Tough? I mean are they atleast in par with CA/CWA/CS?

no..they are not..they just test your basic skill sets....
Please dont get me wrong I realise very much that the rest of the world is not a fool to give so much importance to MBA for nothing.. It sure must have something... Its very much possible that I have misconceptions...

yes...of course we are not fools...thank you for that..and you do have misconceptions..
Frankly ever since my cousin said he has no idea on Taxation I am really pissed off with MBA degree...

okay..now lets see..if your cousin does not know(no offense) does not mean that B schools do not provide good education or no B schooler knows that....everyone cannot be the God of all things..but it is not possible that B schools ( esp IIMs) don't teach that..
I would like to add that I am not writing this to hurt the feelings of anyone...
Its just that I am very curious...

no..of course not..it is human to have confusions or misconceptions...
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Hi People,
I am a Cost Accountant and work in a MNC. Till a few years ago I had aspirations of doing MBA,however I get the feeling is it really worth it.
Guys please tell me WHY MBA? Is it just for Pay Packets?? Is it a hyped degree? I give you an example
My cousin is from IIM Bangalore and specialised in Finance but when I asked him something about Taxation he drew a blank!.. He said in IIM B he didnt have taxation subject!!..He is a person who always topped in exams 99% is what he gets always...believe me... So he cant be blamed i feel.
How is it possible to be a Finance Manager with no idea about tax implications??
MBA students as I read every where in this forum say they sleep so less and study so much.. study 8 subjects in 11-13 weeks and add to that Assignments Parties boozing Lan Gaming etc etc... Is it really possible? Will any one be able to understand and apply all these concepts in such a short time..
I am really curious to know as to how Things are in B schools?
How much a person has to study... Quantum etc..
How much study hours a student has in a B school in those 11-13 weeks to actually complete the 8 subjects?
Are the Questions asked in MBA exams Tough? I mean are they atleast in par with CA/CWA/CS?
Please dont get me wrong I realise very much that the rest of the world is not a fool to give so much importance to MBA for nothing.. It sure must have something... Its very much possible that I have misconceptions...
Frankly ever since my cousin said he has no idea on Taxation I am really pissed off with MBA degree...
I would like to add that I am not writing this to hurt the feelings of anyone...
Its just that I am very curious...
Please take this as a request from a person who dosent know much on MBA .
sorry If I hurt any one or used rude language..
Also sorry for my not so good english.

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