IIMs CAN’T Make Your Career in 2024? Reality of MBA From IIM | Cons of doing MBA in 2024 #mba

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Is MBA worth it in 2024? In this video, I try to answer this question along with telling you the reality of MBA from IIM. MBA is popular among people who are looking to get into management roles in premiere organizations after their graduation and some work experience. But should you go for MBA without work experience or not is of little importance when MBA placements are at record low and even IIM Grads are struggling to get placed.

Organizations like IIM Lucknow are using their alumni network strength to place some of the students who could not get placed earlier. This leads to a lot of problems for people who get into MBA because they want to get a good job right after graduating. But the dark reality of mba often remains hidden from the masses. The reality of IIM placements and also the reality of MBA packages is far less shiny than what comes across in the news.

This video will help anyone who is wondering if they should do MBA in 2024 or not. This is not the right time for MBA as far as return on investment is concerned. However, whether MBA is a trap vs not is left to the viewer. MBA can lead to massive education loans which you cannot pay without having a chance at a decent job. If IIMs are struggling to place their graduates, it is obvious that MBA packages or MBA salaries for those who got placed is also going to be lower than others. Hope you find this video valuable, see you in the next one.

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About Me

I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video

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Chapters

0:00 - Intro
0:37 - Reason #1
2:47 - Reason #2
5:06 - Reason #3
6:47 - Reason #4
9:08 - Outro

[PavanSathiraju]

IF you find the content helpful, Do subscribe! Gives me lot of motivation to add content regularly:) More than 80% viewers of the channel are not subscribed!

[jaidev]

Studying in Germany and you are on your own to find the job, make connections, apply hundreds of jobs nothing is spoonfeeded here. The University says we are here to give you quality education not a job consultancy company.

[Chinchadali]

I did MBA from tier 3 bschool in 2009, couldn't land a job because of Lehman crash. After 15 years, I am earning very well infact much better from the ones who grabbed offer from campus. It is how you play with your options and choices you make. I am not ashamed to admit that being MBA helped my profile picked out of lot many applicants. But at the end, it is your skills, hard work and the LUCK. Just because I have tik tok now i cannot abuse my bachelors degree done in different time. Hope people get it.

[swatingle]

Completely one sided opinion for the following reasons:

1) Not considering colleges like FMS and IITS. Focus is only on ISB and PGPX (Not even core MBA program of IIMA)

2) Scaring students in the name of elections. What if it is favourable, equally beneficial right?

3) Future prediction for 2025: What if any other pandemic or natural disaster comes or any or anything else happens. Maybe you are not even alive in the next year lol. You should never lose an opportunity on the basis of predictions that makes no sense.

4) Bad ROI for MBA then let’s talk about medical and engineering these days. IITD kids are settling for 10 LPA so students should stop studying and doing their undergrad as well? Also, ROI is not an year thing.

5) And the market was really down last year. So maybe you should make a video on why people who did MBA last year will fail in getting good career.

[abhimukh]

MBA had a good run, its finally running out of steam. Surely, India doesnt need 5500 b-schools.

[Amanxbharat]

Ye mat karo wo mat karo....to kare to kare kya....itne confusion ke baad decide Kiya tha ki mba karti hun....ab fir se confuse ho gyi...

[sanjaymohandubey]

As an IIM alum, I can tell that while the job market fluctuates, the RoI from a good MBA cant be judged by 1st years CTC, its a lot more benefits that you reap in the long term and not just immediately monetary

[darshantawte]

I agree what you said, and certainly an MBA makes sense only for people with some prior experience irrespective of his/her field. I know some of my colleagues who did their MBA (even the IIM) ones right after their UG degree, got a job and than became clueless once the work pressure and unfamiliarity hit hard. Also given the fact recently the number of amateur jobs have gone down, eg. Even entry level SDE positions now require 3+ yrs of exp for some reason.

[Rn]

Your videos are an eye opener and give reality check which is much more useful than watching videos talking about 45lpa for freshers in faang and getting false motivation

[sridharskillmaster]

Education and Employability are two different things! Employability has more to with mindset, driven by overall mental well-being. Report shows 18-24 as the most vulnerable and help needing segment across all socio demographic cuts!

[EthanHunt]

i would suggest to get into business with 30 lakh and 40 lakh of money. build your own business. You will eventually do it after 10 years.

[Godgodgod]

Thank you for your detailed insights. It really makes sense not to spend too much money foolishly by leaving our current job

[ritiiikkaa]

Finally someone said it!! I completely agree Pavan 💯Great and insightful video like always.

[Rajulking]

1. Top B-schools struggling to place their students: True, the job market is tough right now, but the brand value of IIMs pays off in the long run. Even during COVID, the top IIMs didn't face significant difficulties and are still thriving. Despite lockdowns, SP Jain, IIM l, FMS and many other top B-schools have released placement reports for the current batch, and while there may be a slight decrease in placements, it's still decent enough to kickstart careers, with opportunities for growth in the future.

Also, ISB is the only school charging over 40L in fees, and he only mentions this college as a reference. Mind you, the average fees of any IIM or B-school is around 25L, with an average package of 30L+, so you're still getting better ROI. Plus, you pay fees for 2 years and get a salary for as long as you work, not just for one year, and you also get incremental increases. Furthermore, if you're continuously mentioning the top few colleges of ISB, then mention FMS, which charges only 2L in fees with a 30L+ package. Show both sides of the coin, buddy. This is blatant manipulation.

[dineshd]

Great insight, To really opt for an MBA degree if are moving from an individual contributor to managerial or leadership roles, Present Market has lot of uncertainties. saving for a rainy day is top priority.

[honchoabhi]

Such pragmatic insights—it’s really going to be helpful for so many youngsters (out there).

Many Thanks Sir.

[kshitijvidyarthi]

Pavan, your diligent research and insightful contributions are truly invaluable. The depth of your analysis and the clarity of your findings have the potential to steer countless students away from potential missteps in their academic journey. Your willingness to share such valuable information is not only admirable but also greatly appreciated. Thank you for your significant impact in guiding others towards informed decisions.

[pranavkantmanglik]

There is no substitute to hard work no matter how much you are qualified.

[ajinkyababar]

I am from one of the old IIMs. And i do not recommend people to go for an MBA unless its very low cost-high reward one like FMS, JBIMs or you belong to a rich family so student loan wont be a concern

[eazyetodre]

Completely agree with the point of having more than 50% freshers in the classroom. It adds no value in learning if your peers have never been in the corporate or have worked by themselves before joining a master's degree.