I am in a dilemma to frame my future, I have a B.E in mechanical engineering and from past one month I am working in a crane manufacturing company and my role is sales and marketing. So I am thinking after 3 yrs of gaining work experience should I pursue MBA or try to enhance my knowledge and skills in the marketing and aim for a good future, because after gaining work experience I have to invest 2 yrs of time and around 15lk money so how should I plan my future ?

yes Sarthak, there certainly is a rat race which is what the article is telling students to guard against. You raise some good points. On the startup front, great idea, but just be aware that out of 100 startups 99 fail 🙂 Investing some amount in education can help develop a more rounded perspective which even the best corporate job doesn’t provide – in the corporate world, rarely does a finance guy get to do marketing, or a marketing guy get to do R&D. An MBA gives you a fairly good introduction into multiple areas which can be very useful both within the corporate world and while working on your own startup. With you on the fee though – 25 lakhs is certainly a lot! 🙂

Well maybe to some MBA is important as they need to learn “Fundamentals”. And yes in India we do have a misconception. Infact there is rat-race when you ask fresh graduates(mostly engineers) on why they want to do MBA. They would say to get a higher package. I am pointing towards that.

And MBA is not cheap. It costs over 25 Lakhs to do MBA from top IIM’s and some B_ schools charge over and above that?

So this management knowledge according to me can only be gained through practical experience in real life environment. So yes I agree with you on that.

And I feel asking my parents for 25-30 Lakhs or even taking a loan to pay for my MBA doesn’t give me a clear picture. I would rather love to invest that money in my startup which in a way can benefit others as well.

And lest say someone takes a loan of that much money and doesn’t end up with the top-notch Package. Then he will spend over next 5-6 years paying back his loan. And then my friend youth will be over.