“Master of Business Administration” versus “Master of Experience and Administration” is how Dr Somdutta Singh, Founder of Assiduus Global, described the evolving nature of MBA in today’s world during the latest ET Career Talks episode titled ‘MBA: Myth vs. Reality - Is it Still the Right Choice?’ The panel discussion moderated by Vasanthi Hariprakash, award-winning journalist, keynote speaker, and Founder-CEO of Pickle Jar Media, delved into the critical question that job seekers grapple with: Is MBA still a relevant choice for students? Stressing the importance of practical experience, Dr Singh explained the question one needs to ask: Why do you want to pursue an MBA? Is it because of the rat race, is it because you would compete against thousands of others to land a job? If the answer to these questions is a yes then it is likely that you are not pursuing an MBA for the right reasons as Dr Singh explained if one is smart enough one can anyway get the job. Giving an example, Dr Singh who is responsible for managing resources strategy at her e-commerce, distribution, and supply chain enterprise said she doesn’t hire people because they have an MBA as an MBA degree might not teach you how to run a business in real life. “MBA is like Chinese Whisper,” said Shah, elucidating how it has completely changed over time and how today an MBA degree is “not taken for the sake of studying” but rather “It is taken for the sake of getting employed.” If you are a student or a parent, watch this ET Career Talks session to gain invaluable insights into the MBA as a status symbol, the skill versus employability gap, and the ROI of an MBA degree. Tune in as the experts separate facts from fiction and put things into perspective.
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