MBA FAQs: Life after MBA
Life after MBA is even more interesting when you have to choose between corporate job or alternate mode of career. Find out all the options available to you for your life after MBA.
The field of management is a popular career option that majority of students choose without realising their true career aspirations. Getting an MBA degree is not the hard part and neither is completing the course. In fact, it is the beginning of numerous challenges that awaits from the day you graduate from your B-school. The search for a good job or the decision to pursue another higher education degree such as Ph.D. is one tough choice. Thus, MBA graduates shall not restrict themselves to the option of eventually becoming a future managers, rather, they should broaden their perspective towards the sea of opportunities that remains unexplored.
In this case, the next big questions that often worries candidates is that 'does an MBA degree makes me eligible to apply for offbeat courses?'. In case you feel that MBA is not the right kind of degree that holds the potential to let you perform in other fields, then you might be wrong! MBA offers ample opportunities to enter any field at a later stages: from being an IAS to joining the banking industry and other domains such as research, marketing, education, hospitality, hospitals and even entrepreneurship, MBA degree has it all for you. A list of MBA FAQs have been compiled that will clear all the doubts causing you worry related to leading a “life after MBA”.
Job Related Queries
Does an MBA degree ensure a job?
Most of the MBA aspirants treat MBA degree as a passport to a successful and rewarding career. Well, sorry to burst your bubble, but this is not true. MBA like any other educational qualification is just a degree and doesn’t guarantee a job. However, being a professional degree the chances of securing a job post MBA are comparatively higher. There are several MBA colleges and institutes that offer job guarantee and placement for their students, but even after getting a job you will still have to prove your worth by delivering professional goals within the committed timelines.
Also Read: MBA FAQs: Getting Started for MBA
Do’s and Don’ts for your MBA resume?
Resumes are used by MBA aspirants as a detailed list of their academic and career, but they are much more than just that. Resumes for MBA aspirants should present a holistic story of your life. You should keep following things in mind while creating an MBA resume:
- Keep it Short: The admission committee evaluating your resume is pressed for time and won’t be able to read through pages and pages. So the key to building an impressive resume is in keeping it short, simple but impressive.
- Formatting: Most of the resumes presented before the MBA selection committee are more or less in the same format. To ensure that your resume stands out and apart from the rest, use formatting to your advantage. Include innovative approach of presenting important milestones in your professional and academic career using formatting. However, while employing creativity ensure that your resume looks professional and all the relevant information is presented in neat, clean, and impressive manner.
- Spell & Grammar Check: Your resume is going to create the first impression about you among the admission committee, so it is important to impress them. Many students have reported to have built a great MBA resume to be only put down because of a typing mistake or a grammatical error. Do a thorough grammar and spell check before you finalize your MBA resume. You can take help of MS word or spell-check programmes for it, but do not completely rely on them, do a detailed inspection of your resume personally.
- Avoid Jargons: Being MBA aspirants it is very easy to fall into the trap of Jargons and clichés. People who evaluate the resumes are faced with time constraints and, therefore, would not appreciate the excessive use of Jargons that complicate simple factual information. So, avoid business jargons, technical acronyms and bombastic words in your resume.
- Career Progression: As discussed earlier, your MBA resume is expected to tell your life story, so try and include a career progression section that clearly outlines important milestones in your academic and professional career. If you have been able to achieve something important during your career, ensure that it stands out amid all the other important information.
- Avoid Superlatives: MBA candidates often treat resumes as a bragging note to convey they are the best. While it is important to do so, what is even more important is to point out why you are unique and not just the number one. So, try to avoid using superlatives in your resume. Try to point out your professional achievement, managerial abilities, leadership potential and what makes you such a good management aspirant.
Being an Entrepreneur
Which MBA course would be helpful for me to start my own business in the future?
There are many MBA colleges offering Post Graduate Diploma in Management - Business Entrepreneurship and Business Development domains, however, their effectiveness with respect to helping you start your own business remains limited. The majority of the MBA programmes offered in top B-schools across India are aimed at creating business managers with excellent entrepreneurial acumen. The programmes prepare you well in terms of basic theoretical understanding of core business concepts like financial strategy, user acquisition models and revenue maximization. However, if you are really serious about starting your own business, you should consider joining full-time MBA programmes that also offer you insights into how these concepts are applied in the real world situation to tackle major business problems.
Getting in Academic Domains
What is the eligibility for UGC NET after PGDM?
Yes, Students who have completed PGDM programme from an AICTE approved institute and have been awarded the diploma are considered to be equivalent with the Master’s degree of recognized Indian universities from Association of Indian Universities (AIU), New Delhi; are eligible to apply for UGC NET examination.
Can I appear for NET Exams after MBA?
UGC NET stands for National Eligibility Test; it is a national level eligibility test that screens candidates for recruitment in government colleges at the post of assistant professors and research assistants. The minimum academic eligibility for UGC NET exam is post-graduation with minimum 55% marks. MBA being a post graduate degree, you are surely eligible to appear for UGC NET Exam.
However, in the case of PGDM programmes, the eligibility criteria for UGC NET are a bit different. Diploma degrees that are awarded by AICTE approved institutes and which are considered as equivalent to Master’s degree offered by any recognized Indian universities from Association of Indian Universities (AIU), New Delhi; are only eligible to apply for UGC NET examination. Therefore, please check if your PGDM degree meets the aforementioned criteria before applying.
What after MBA?
What courses can I opt for after completing my MBA?
There are several academic opportunities students can pursue after completing their MBA. The most commonly followed path in this aspect is the Doctorate degrees, which can be obtained in different specialization domains like Management Studies, Business Administration, Business Management, Human Resource Management and others. Apart from this, there are several other short term / certificate courses that can help you enhance your professional career by providing you core skill set in your work domain. Some of them are listed below:
- NCFM – NSE’s Certification Course for Financial Markets
- Short term courses offered by ICAI (The Institute of Cost Accountants of India)
- CA / Chartered Accountancy or CFA / Chartered Financial Analyst Programmes
- Fellowship Programme in Management - Doctoral programme of IIMB
- Ph.D. in Banking Technology
- Certified Bank Manager Programme
- Tally, Computer Applications or other technical programmes
MBA degree holds and delivers a promise of a bright career. We hope that our MBA FAQs series was fruitful to solve your queries regarding MBA Course. If you have some more queries, then do share with us in the comments section below.
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