MBAs For All
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Now-a-days, there
are many different types of MBA programs. Before making a decision, you should
evaluate each and every one. Even though they are both full-time programs,
one-year MBA programs are quite a bit different than their two-year
counterparts.
A one-year MBA program has very strict requirements for admission, both in
academic training and work history. Says Oumkar Umesh.
The education sector has
undergone a massive transition. The management sector in particular has
witnessed several sea changes. Each year sees a new set of courses being
introduced. It seems as though everyone has a course to match to his or her
interest. Several management institutions have restructured their buildings and
their infrastructure to accommodate management students. IIMs, however, head the
list and are held in high rank. Below them there are many other colleges in
various parts of the country. The number of colleges in Karnataka itself exceeds
40. But the point of argument is: do these colleges succeed in serving the
purpose of their existence?
The common factor between other
colleges and IIMs is that they share a common syllabus, with the same subjects.
The marketing management book written by Philip Kotler remains a bible for all
the management students. Despite the several common elements, IIMs continue to
rule the top position. They are more in demand among prospective MBA students
than others. It is obviously the brand, which sells them. "Yes, we do face a lot
of difficulty in placing ourselves in good companies. We are many a times forced
to choose a job much against our wish. Unlike IIMs, we do not have a wide range
of choices. IIM students get what they like whereas we have to settle for what
we get," says Sadashiv.
"I had to struggle for two years,
to get into an MNC. I was good at concepts, but lacked practical experience. I
worked for a credit card company much against my interest in the beginning, and
only after two years, I got an offer with a good package," says Somesh.
"One-year or two-year depends on the answer to 'Why MBA?' A one-year has a cost
advantage but I have come to the conclusion that if your aim is career
switching, you will be bewildered in a one-year programmes. The two-year
programme offers a luxury called summer-internship where you can get hands-on
experience in the field you want to switch to. A one-year is more for all those
who have been-there-done-it-all who just want to enhance."
Most of the students complain
that the companies ask for experience. The irony is unless they provide us job,
how do they expect us to have experience, he asks. "Though two-tier and
three-tier colleges possess all the infrastructure, they lack in the quality of
education. Probably this is the factor, which hold the IIMs in high esteem. Only
chairs and tables will not build our careers," he explains.
