IIMs CAN’T Make Your Career in 2024? Reality of MBA From IIM | Cons of doing MBA in 2024
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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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Can you again make a video about whether Executive MBA makes sense for people with more than 5 to 10 years of experience ?
When according to you will the markets can go up hence going for an MBA makes sense ? 2025 or 2026.
Sir Can you charge Around Rs 600 to Rs 800 and mentor for around 15 minutes so that job aspirants will get more useful insights related to their career❤(through Video Call)
@@hyderabadeducationandphilan777 I don't get time to do 1-1 mentoring.
There are more than 80+ requests that I need to attend right now & not able to get time to them.
So not taking any more requests
@@PavanSathiraju Understood Sir. thanks for the reply
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.
Are you studying over there ? If yes can we connect.(Management)
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
I completely agree! Hence, wait for a year and then get the degree:)
You will have both short term and long term benefits:)
@@PavanSathiraju so should we do MBA in 2025?
@@parulgunjal same question
@@PavanSathiraju Sir after how much work ex one should go for MBA ? Also how good is Executive MBA?
How is ipmat iim rohtak??
MBA had a good run, its finally running out of steam. Surely, India doesnt need 5500 b-schools.
But top IIMS doesn't loose its mark right??
@@saikiran1050they do
@@vishalkanwar2333There is something called Brand, Maybe today Most of see Btech as something that We can easily Got to know through YT. But If someone is from IIT errespect os his Branch Any manager treat him like a Gem.
Doing an MBA from top 40-50 b-schools is going to shape you professionally as well as personally competitive for the market.
Otherwise rest B-schools are a waste of time and money
what's your resume?
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.
Which MBA college you choose to do MBA?
@@amanmishra5284 kirloskar harihar
Sir i am currently doing my computer engineering and im planning to go for an mba by preparing for cat so would you really recommend doing an mba or rather get a job right now
Where did you apply? Was it your connections or did you just apply when they were hiring?
@@bhabanadas8478 mostly through job portals in start of my career. At this stage, I take help of my connections and friends
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.
Real
I was looking for this comment, thank you!
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.
Completely!!
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
Finally someone said it!! I completely agree Pavan 💯Great and insightful video like always.
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!
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...
I agree phele muje log bole Btech Mt kr private se abhi BMS kr raha hu mumbai mein and planning to do MBA Lekin yeh keh rahe MBA Mt Karo UPSC ,, SCC ki taiyari karne jao Toh PRASANT JI kehte hai kyu time waste Kr rahe ho......akhir kare toh kya kare very confusing .....
@@RajYadav-ej6uj wahi naa agar kuch karne ke liye motivate ho to itne sare videos mil jayenge aap ko confuse karne ke liye aap kuch soch bhi nahi payenge... Esliye khud se hi analyse kare aur apne interest ke according field choose kariye.
Vo bas bolraha hai ki 2024 me mat karo
Do what you lovee
@@RajYadav-ej6ujwhat should i do bro btech cs or mba
Very Valid points. Thanks Pravan
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.
Thank you for your detailed insights. It really makes sense not to spend too much money foolishly by leaving our current job
Glad it was helpful:)
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
I would definitely like to see a post from you on LinkedIn OR even share your perspectives in a detailed way here!
How about doing pgdm ? What do you recommend? Please tell
Excellent inputs🎉
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.
Thank you for the kind words Kshitij! Gives me motivation to do more such videos!!
Hi Pavan, I cannot completely agree with one of your points that if the placment situation in Tier I B schools is grave now, the situation in Tier 2 and Tier 3 will be even worse. I would say the supply demand chemistry of Tier 1 colleges are fairly different from that of Tier 2, Tier 3 colleges. The profiles that the company come for in Tier 2 and Tier 3 colleges are different. A few examples can be IT Business Analyst, Sales profile in BFSI or Operations job in BFSI. Basically a role far away from the word "strategy", "M & A" bluh bluh. Such roles cost less and hence company will be able to offer. Also such roles are available due to organic businss growth of the companies even if there is no major expansion happening in the companies. But once kick started with such role and profile, the individual from Tier 2 and Tier 3 college has all possibilities and resources available in the universe to help him throttle through professional career. In a era of information, an individual from Tier 2 and Tier 3 college can avail all kind of certifications, short term courses to enrich and equip himself along with his ongoing job role. Career is a long journey and the storm of Tier 2 and Tier 3 event in a candidate's life may not work act as an eclipse all throughout his life. Obviously hard work and availing the right opportunties can wipe out the eclipse of having a degree from Tier 2 or Tier 3. I have many many examples is what I can say.
I am just sharing my experience as one the perspectives. But many thanks for our informative video.
Such pragmatic insights-it’s really going to be helpful for so many youngsters (out there).
Many Thanks Sir.
I am glad Abhi!
After the dissolution of IIPM (in year 2016) how come the career destroying issue of faulty MBA placement system has not been sorted out yet?
Nice perspective. It would be difficult to change mind of people aiming to pursue MBA this year; but at least some heads-up.
current situation of indian youth : overqualified and underemployed
But sir, what if one is an older candidate (>31 years) and have everything riding on mba and its subsequent placement? Would you suggest the same? What if market doesn't improve even after 1 yr / after 2 yrs?
To summarize
1. Placement Issue
2. Job type and satisfaction
3. Low work experience
4. Less practical learning skills.
And make more networks with your classmates in your college.
Basically experience nahi ho aur skill nahi ho toh mat karo MBA even top colleges arent able to do the right placement to students just on the basis of their marks.
Thanks for the summary:)
@@PavanSathirajuHow can i figure out that i hv a skill or not ?
Pavan...thanx for sharing the idea
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.
Hello sir there is an online programme called Global Governance Initiative (GGI) which provides 1 year or 6 months MBA course and claims that many of their students have been recruited by Companies like BBM ....but I have no idea how legit their claims are ....should I go with that paid course ? ....please can you make a video on this topic bcoz students like us cannot end up investing so much money & time on a vague course
It was insightful... thanks... even the short term management courses offered by IIMs are taking the shares of job market for professional as they're already in field
That's true salary going down instead of increasing 😢
Next company offering very very low increment on ur current compensation
If someone plans to take MBA why not take it now? The content of the course expense same in future. If you say don't take MBA ever it has some meaning. what to do if you are 3 years experience already..
thanks sir for this information
thanks for sharing
But sir job uncertainty is there all over the world right now. Not everyone can afford an MBA from abroad. In that scenario, all those who are doing IPM mat coaching for 5 years BBA MBA integrated programs offered by IIM indore, Ranchi, Rohtak, IIM bodhgaya, lucknow and all, what should they do now ? Continue doing IPM mat to pursue BBA MBA from the above mentioned institutions? They also costs you 40 plus lacs. Pls advice. It may help us . Thank you
Why are B schools in India like IIMB not accepting people with more than 3 YOE for their internship? Isn't more practical knowledge good?
yes it is true that the pl,acements are going down due to slow down, but keeping in mind the rate of growth of India, when US comes to previous situation (which is probably within 5 yrs), the need of MBA would increase drastically.
Bro is mba have good scope in 2026
What are your views on FMS Delhi? Let's say if one can afford even top IIMs too but has to decide between both. Would FMS still make sense for him/her?
Students can explore sector specific course like Master of Hospital Administration ( MHA) from Tata institute of social sciences, which gives great ROI and stable career
Sir, what do you think for the batch of 2025-27? Will the market condition improve by next year?
I think its not the responsibility of the college to place the students. Its the place you get knowledge and great connections. This is what is been followed around the world
outside India.
MBA is not for every professional that needs to be stopped first ,B/C grades school should close
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.
There is no substitute to hard work no matter how much you are qualified.
Hi Pavan...thanks for making an insightful video. I recently received admit for IIML IPMX program. What's your take on it? Is it worth spending money. Since I'm looking for career transition that's my only reason to apply for the program.
being a 2024 grad job market kharab job nahi lag rahi h, ms wale dost bol rahe unhe bhi job nahi mil rahi, mba nahi kar sakte right now cause iim can't place there students, toh kare toh kare kya freshers
Get an internship. Market will get better in 1-2 years
But we'll be graduating almost after 2 ti 2.5 yrs. POV: someone who is PLANNING to do an MBA currently. what about the market condition at that time.
Is it the same trend in global business schools like INSEAD as well? Can you pls share feedback on their placement performance? I was planning to apply second MBA this year.
Thank youu sir!!! Coz it will Veryyy helpfull...!!ur single research have the weight...!!!🪄
Great Research! Work ex is indeed an overlooked aspect when it comes to Indian b schools and it will definitely have an impact during recruitment(for someone who's trying to make a pivot) especially during the downtimes which is clearly highlighted in the video.
One more important point mentioned is the increase in class size. One may look at this as a positive aspect thinking that now we have a lot of people to network with. That is true to an extent, but recruiters can't give a job to everyone
I have about 6 years of work experience and am planning to pursue an MBA for the 2024-26 batch. I have offers from 2 B schools as of now. Would it be a wise option to pursue MBA at this stage?
I have 7 yr experience but growth is not that good so i m thinking to do MBA but i haven't prepared for any compitition exam please suggest me should i go for mba or not
In India, very few people get jobs after A commerce degree. Even Bulge bracket banks that hire from good colleges, mostly offer ops roles. While you can certainly excel in a capacity in those roles, exposure might be limited. Do you think that will have detrimental effect on the B- school applications for international school, even if the work ex is in, lets say Goldman? How can we make up for it. A lot of people are alos from good front end PE VC roles
You are right sir, i am graduating from Tire 1 IIM and my ROI is in negative
What about the job postings asking bschool degree from premier institutions?
Sir, can we interpret it as Tier 1 colleges are getting less offers then maybe Tier 2 & Tier 3 are getting more offers as the higher salaries are demanded by Tier 1 colleges ?
No:)
The market itself was shrinking. Hopefully it will get better though in the next year
It's about adding value. I have around 5.5 yoe and work at a US based software company, make about 50 per annum, and I feel Software Engineers directly add value to the product. On the other hand, a lot of PMs and PGMs in my team can't even write the stories properly because of lack of in depth understanding of the product. If a few PMs and PGMs are let go, it won't have much impact. However, if ANY software developer leaves our team, it would seriously affect the project
Fees are not in LPA, this is for entire 2 years course. Pls correct.
dear sir, i work front desk job (chairman's office reliance) and am preparing for CAT. Can it be considered as work experience ?
So what about people who want to pivot their careers. What should they do if not mba. Specially when they are freshers.. because i have legal experience but i want to get into finance what do i do.
In the current situation pursing an MBA is the dumbest thing.
See, it's totally based on your perspective... If you want to bet then you can and if you want to drop 1 or 2 year its totally upon you... No one know what will be the situation after 1 or 2 years... Maybe we can see a huge spike or maybe more decline it's your choice... The people entering 2022-24 doesn't know these going to happen because at that time situation was different things were good... So what if entering in 2024 or 2025 will end good ??? It's on you... And one more thing i want to highlight... If you come under top 25% students in the class you are still getting around 25-30lpa which is not bad... Once the situation make u-turn you'll get back on track asap... It's totally your choice... I am going inside in 2025 no matter what... I will work my ass off i will get myself in top 25% i will do whatever i can to get highest possible opportunity ❤
WHO SAID ???
Sir AI coming in tech field which reducing man power so ultimately reducing manager position and this will increase by time so as a 12 th pass ehat should I do .
Im an fresher with 1 year gap afraid by watching your video , if i get into tier 1 b school will my placements get affected?
Doing an MBA without any work ex is seriously the worst thing that Indian b schools can offer to ANY incoming student.
The learning would be uni directional with next to zero input from the students.
Sir make one video for ms USA also ! We students are confused should we go abroad.
Sir what if i have completed my graduation in different strem but i have work ex in different stream , will this work ex get counted in admission pocess ?
Hi Pavan, Thanks for the insights. It was really helpful. I have 3.5 years of experience (2.5 years in Supply Chain and 1 year in consulting), Is it good enough to get good placement in current market?
If mba is not worth to do, then what's best according to you
I have completed by B tech from India and MBA from Philippines. By virtue of my journey I can say that what ultimately matters in the long run is the "skills" that you develop.
Hence think about how MBA would help you gain those skills and be where you want to be in life. Don't just blindly get into an MBA degree (especially for highly sucessfull engineers).
Please list out the skills u r talking about
Please list out the skills u r talking about
@@penumarthikasi2387 it is highly contexual and depends on which path that you take after MBA. If you are building a job/ career you need the hard and soft skills in that area (e.g. Analytical skills, Market and competition analysis, Customer interviews and insights). Similarly if you are taking a entrepreneur route you would need to understand/ craft how to create value proposition, manage money and team (basically business and product building skills)
@@productmanagementbyutsav3069hey brother , i have really intrst in buisness and entrepreneurship, nd im confused now to wht to do , i have neet exam i go there nd do my entrepreneurship journey ghere or go to iim bodh gaya with education loan nd make netwrk nd learn skills nd create wht ever buissnes i creat wht i do please help me ,
Im talking about integreted program of iim bodhgaya
thanx pavan
This video is very insightful sir, just the heading instead of a Trap, Mba with work experience, could have been better.
all points are very trivial, its still worth it to do MBA considering your college is well known and reputed!
You go to any other country and do MBA, you'll face the same issue, yes, regarding the expereince req I can agree but it doesnt matter in the long run!
Hi Mr. Pavan, Can you make a video on 10+2 level education in India. How to prepare for a career in engineering without these coaching institutes. How can today's kids and parents navigate this nightmare!!
The PGP for Experienced professionals counters points 3 & 4.
Is it a good time to pursue MBA in International Business schools for a person with 10 years of work experience?
So basically you can survive with a graduation certificate
Can we go for a cost effective Online mba from reputed institutions from mhrd listing..? I have 5yrs of exp
What is your views on MBA from INSEAD in 2025 ?? Is it the same like Indian B schools
Great Content Sir!!
Thank you:)
Dude.
80% of seats in IIMs are reserved so how can you say they are finding it difficult to place the batch it's because of the tough job market.
It's all because of reservations and undeserving people flooding the IIMs.
Also, I don't think that IIMs value work experience as eventually selection is decided based on your GD and speaking skills, not your knowledge or intelligence.
Sir, In which specialization you have completed your MBA.. ?? Let us know
wont be the job market condition will be different in 2 years, so is this applicable to people who are appearing this years exam
Sir, how can i become a ceo or coo of a multinational company, by which stream or course should i choose, as a career conultant can you give me some right advise💯♥️
Sir do some QC of the videos, the reference doc at 1:12 is missing. Didn't the editor checked it😅 before distribution. Btw love your videos ❤
I did check & the editor also checked! sometimes mistakes do happen:) thanks for the catch and feedback. Will be more careful
@@PavanSathiraju hope you didn't mind the cmnt❤️ you are way experience and knowledgeable than me. 🙇🏻
I understood the Overarching point you are making and it's of immense value for MBA aspirants like myself.
Thank you!
After cing this video and comments i was confused iam 2023 passed out batch currently iam preparing for cmat i wasted 1yr to do mba..... Iam still confused should i have to do mba or not
Made decision?
@srxxdn reason
I quit my job to do MBA and getting a Tier 1.5 college bcz of not so great CAT score. Now its too late for US unis, so confused!!
THERE ARE GOOD B -SCHOOLS IN INDIA THAN IIMS BROTHER
I am sure u r getting into NMIMS MUMBAI
Government should pass law to control IIM fee. they are already charging 2 times fees than required. they are investing extra money collected from student. I think they have forgotten that they are colleges started from money paid by taxpayers and not private company whose sole motive is to make profit.
I agree with your arguments, but are you really sure about Business degree from Abroad ?
Hello Pavan , going through the video can I make an inference that the Executive PGP like IIM Indore's EPGP or IIM Lucknow's IPMX will have a better chance , in case a student lands a admit there ?? since the minimum experience required there is 5 years
Talk to the current students and the students who graduated in the last 2 years. Your perspectives might change!
Did you get the any Admit in IPMX of IIM Lucknow or IIM Indore ?? i will help you regarding this pls ping
I was thnkng to strt mba ..after ma degree but ...now i knw it wont worth it
Hey Pawan, I am giving my CAT this year and going for an MBA. I have done my Bcom in 2022 and don't have any corporate job experience but i was a contracted eSports player for an Organisation for a year..worked in the NGO for the rest of the time...is it worth giving a shot or should i opt for something else?
If your maid can't clean your floor well you will throw her out. Ask yourself why should anyone gives you lakhs a year?
@@70newlife I'm certain I'll learn a lot in those two years of MBA school, but will it really help me if I work a job now that doesn't allow me to gain expertise in the field I want to pursue later?
I will be giving CAP IIM Interview next week🙂
If you are a fresher is it a sin?
Sir aI am Working on a big4 firm as jr level having 1 yr exp but want to do mba .but not sure when starts should i start after completing 2 year ?
s
Hi Pavan, I wanted to let you know that I really enjoyed your video. It was great, especially in comparison to what many others are saying about pursuing an MBA in the current job market. However, I noticed that there is a key issue that needs to be addressed in your argument. You seem to be confusing PGDM courses with PGPX/ISB courses.
In PGPX courses, there is no issue with work experience. However, in one-year courses, the problem of career pivoting still remains, which is why people who want to pivot into different domains usually look for options outside of India.
Another point I want to highlight is that while it is true that the job market is not in great shape right now, and placements are down compared to last year, what options do freshers (from lower tier colleges) and those with 1-2 years of work experience have in such a market? If they have a good job option in hand, then they should definitely continue with their job. However, if they don't have such options, doing a PGDM makes sense.
You only do your MBA once, so making an informed choice is key. However, one shouldn't disregard it just on the basis of the current job market. Look at it from the current graduating batch's perspective, they entered into an MBA during a stellar market, yet they are facing trouble right now. So, everyone should do their own due diligence before making such a decision. It is indeed true that the current job market is in a poor condition, and it is also true that top colleges are still offering a 30 LPA average package. The choice is yours to make.
Even in PGPX, it is the case. People are not getting the right opportunities they were receiving in 2022.
I talked to people doing their PGPX as well!!!
@@PavanSathiraju Yeah, I'm with you on that. PGPX folks don't really need to do an MBA at the moment since they have the opportunity to keep working in comparatively better roles. But for PGDM students, it's a bit more complicated because the other choices aren't all that great either.
these business school are only good bcoz they have a massive amount of people applying to it....the toppers there better be good.....only reason people do in West is for the network and alumni... India it's placements and possibly of promotions into management
Hi Sir, as someone working in " IT profession in since 1 year and want explore more carrer good opportunity with Future prospects is it not important to do MBA. Since i am slightly disinterested in current IT job .
I do feel the same .😢
Pavan, I am 23y old. I wanna get a MBA degree from IIM so that it can work as a safety net for me, as i wanna start my own startup moving ahead. Current I am working as a Software Engineer, I fear that if I delay it by another year then I am getting old to start a company.
Bro btech vs mba
you want to start your own startup but don't know how MBA is going to help you ? For StartUp, one needs an idea that can click, not a certificate paper.
sir, ill be passing 12th in 2025. being a commerce student, what else should i aim for? what are your views on ipm program offered by iim indore, rohtak etc.
mba is meant for commerce students
Hi Pavan, Can you please share your insights on accelerated general program management from IIMs ?
What is your objective for doing that program? Is it placement? Is it just getting a brand tag? Or something else?
Once you decide on the objective. Talk to some current students or recent grads and see if you can fullfil that objective!
@@PavanSathiraju objective is to have a jump in my current role and also the brand
See if you can find anybody doing the same thing BY leveraging their MBA degree (check linkedIn).@@Maitrivlogs24
Yaar why don't these b-schools make work-ex compulsory and end for once and all this debate of fresher vs work ex .
Damn bro i literally quit my shitty job for Cat 2024 😂 now you are posting this !!!