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Is MBA
Overrated Over Other College Disciplines?
Better understanding of management,
development of leadership skills, ability to work in a
team-based environment and getting equipped with
entrepreneurial flair; all these high-quality
competencies are bound to build in a person who has
pursued MBA degree in his academic life.
Association of these capabilities with MBA is
undoubtedly correct as, MBA program constitutes an
all-rounder sort of curriculum. This
‘I-can-do-everything’ type of set of courses include
accounting, economics, finance, management, marketing
and organizational behavior. In the last few decades,
MBA has been recognized as some must-to-do thing for
reaching some top levels in organizational hierarchies
in time much earlier than generally expected. This greed
to be in the fast lane of professional growth has made
MBA fans to increase by leaps and bounds. People overly
obsessed with benefits of MBA program don’t hesitate
even saying that ‘once you are an MBA, all career
signals start turning green for you.’
Despite the fact that MBA has become a matter of life
and death in people’s livelihood for some obvious
reasons, the critics of an MBA argue that professional
ground-realities far differ with the drawn picture of
MBA over the years; in fact the reality is startling.
Such critics believe that people’s reaching, at higher
organizational levels swiftly, is not just because they
are MBAs but it is because they belong to a group of
human beings who know their jobs better than others.
This belief is enforced through some latest researches
done regarding the bursting bubble of MBA graduates in
the job market. These researches have clearly proven
that MBA is definitely close to some hyped educational
program. The statistics provided in such researches have
clearly revealed that the proportion of MBAs among
acquirers of pinnacle positions within organizations is
much less than it is superfluously promoted.
The story of false promotion of MBA just doesn’t end
here. Such phony MBA backing has caused students to make
erroneous career decisions. Fascinated by the
materialistic benefits of MBA, some students have
started doing graduations in business and administration
as well. The logic given in this regard is pretty
understandable as studying of business related courses
in graduation would make their MBA life easier. Instead
of pursuing degrees in disciplines of architecture,
arts, engineering, law, medicine, and philosophy first,
they try to be a part of business and administration
alumni from the very start of their professional
studies. This mistaken step instead of making them
versatile squeezes their careers options. Because people
who have attained elevated positions in companies have
managed to do so because they are so specialized in
their work.
The history of MBA also tells us that MBA program
shouldn’t have been among the run-after degrees, the way
it is today, as it was introduced for people willing to
develop and manage their own businesses. It was never
meant to be the route to a lucrative job. Now to be
clear this historical notion doesn’t restrict job doing
people from doing MBA. Today’s jobs demand more of you
to be a decision maker rather than just an order
follower; in order to successfully execute his or her
decisions, one has to have managerial skills and these
are the skills which only MBA can give you. But in a
race of becoming good deciders, we simply can’t
underestimate the value of other disciplines.
The point of study is that isn’t it better for people to
pursue MBA after having complete expertise in their
fields? Isn’t it better to make MBA a certificate (CBA –
Certificate in Business Administration) rather than a
degree which can only be acquired by people having at
least five years of academic and professional
experiences in their fields? Hopefully, the coming
future will seek answers to these questions and help
disciplines other than MBA in getting their worth back.
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