Every year the amount of candidates registering for CAT is increasing by leaps and bounds. One out of a lakh gets into the "supposedly best premier B school" of India. If you've got a call letter from A (ahmedabad,which is the best of 6) then it is as good as winning the world cup or winning the oscars, well getting into it is secondary. Why is it such a big deal to get an MBA oops sorry PGDBA from IIM. Every man or women passing out of the institute is assured of placement which offers aatractive pay packages. ok agreed. Every year consultancies,investment banks,FMCGs, IT biggies take IIMs for the post of VPs,AVPs etc etc..
Place them in their offices abroad,give them a car,an apartment fully furnished. Good for them. So ultimately its the MONEY that attracts them to these institutes. For which they take year off breaking their heads on the math,logical and verbal reasoning to crack the CAT. Then spend sleepless nights practising for GD and PI. Finally get there. Again sleepless nights on assignments,tests,presentations,seminars. Then the campus placement season starts again sleepless nights preparing for the interview with HR.
Alright so finally they get into a huge organisation in a high position. Agreed that they make big money but do they really have the time to enjoy what they make. The story is repeated all over again sleepless nights,deadlines,stress,pressure.
When you ask them they say when they pay you a fat sum of money they expect you to put in that much. Ok so its all about money. When you can earn the same without doing an MBA from IIM then its fair enough right. I mean if a Harvard drop out can start a huge organisation and employ a 100 IIM then he definitely has an extra something which may be IIM doesn teach or maybe the harvard did not realise. Ratan Tata did not go to IIM but his huge conglomerate has gone to places. Anil and Mukesh Ambani must have gone to Whorton but their father Mr.Dhirubhai Ambani who started RIL did not go to any B school.
I wish to sign off by saying that when you have the STUFF, the drive to take risk, the burning desire, the killer instinct then you definitely need not have an MBA from IIM and still make BIG MONEY.
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Everyone seems to be in search of money to meet their physiological and psychological need. The myth of becoming wealthy has always been and continues to be among the most complex, risky and unpredictable of all human endeavors. My aim is neither to prescribe nor to forecast any success formula to make money. If theories and techniques are enough then professors in finance department of well known management institute should be the richest people in this world. Still one way or another, we need to learn the tools and knowledge to participate in today’s business world. This is the basis to earn better living. But without attitude, courage and energy even IIMian can not take growth and success for granted.
History confirms that a graduate from the institute like IIM will be well positioned to make money. Because an IIM graduate has differentiated himself from his competitors by demonstrating he is unique at something which is valuable to his potential employer.
Learning management practices from a globally respected institute is not the only method to survive and grow but one of the proved methods to make money.
Whatever i wanted to convey Tintin has said it beautifully. Iam very happy that there is somebody who thinks same as i do. At the end of the day its a persons attitude and character that takes them to the top and not the knowledge they gain from these premier institutes which they harp about.
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