MBA and Your 1st Crore

So, if you are still glued, it’s because you are still searching for some answers. You are thinking. You are still a little confused perhaps, but that’s ok. Confusion means you are thinking. That’s way better than NOT being confused because you are NOT thinking.

Every year, thousands of students pass out of IIMs, which are the Top B-Schools in India. The salaries can go up to as high as 84 lakhs per year (*IIM A, 2019 data). That’s a mind-boggling 7 lakhs per month. That’s a starting salary. Assume a yearly growth of even 10% and in 7 years time, it would be double this figure. A lavish life, after paying back all loans and more.

Even for a lot of lower-ranked colleges, the salaries are mouth-watering. As long as you can make it to a Top-30 college, and that is very likely if you prepare right, you could have a dream career ahead of you.

A little bit more about MBA first.

Anyone, from any background, can become a good manager – criteria is only graduation, whether science, commerce or arts doesn’t matter. With me on this, right?

At most colleges, first year is common for everyone, and you do basics of marketing, finance, HR, operations, strategy, economics and so on. Because all these areas are important to management.

In the second year, most of these colleges have electives – you can choose the courses and the area you want to specialize in. Some colleges, like some IIMs, even allow multiple specializations – this gives a lot of flexibility to your career.

Talking about career, two questions prop up:

Firstly, what is at the top of any company, big or small, public or private. Management, right?

So, as a manager, that’s where you start. And grow from.

Secondly, does MBA restrict your options, like all other career choices? No, you will not be limited to what space or area you can work in.

Look at the best-selling authors today, Chetan Bhagat or Ameesh, they are MBAs.

Look at the top cricket commentator who is not a player – Harsha Bhogle, he went to an IIM and was rejected by another. Any guesses?

Look at the top entrepreneurs today and so on.

Look at even the social sector. Google about my good friend from IIM days, Vinayak Lohani and his self-less work at parivaar.

MBA will help you do whatever you want to do. You can go back and work in an area related to your graduation also – for example IT engineer can go to Infosys or TCS management or you can go to a totally new field also. Right? Makes sense?

The author of this post, Deekshant Sahrawat, is an IIT-Delhi and IIM-Calcutta Alumnus and Founder, Director at MBAGuru.

Leave a Reply

Book a FREE tele-counseling session with an expert:

We are using cookies to give you the best experience. You can find out more about which cookies we are using or switch them off in privacy settings.
AcceptPrivacy Settings

GDPR