Thousands of colleges selling MBA dreams, while some colour it vividly, some keep it painted in stark reality with simply a strong alumni and great reputation to add colours to the dreams. For some MBA is a job direction they are looking for, while for many, like many urban legends, MBA too have many myths associated with it. Let us take a walk down these myths to bust them and bring back the reality.
Million Dollar Tickets
It can be a bluff weaved by some MBA colleges or a general notion but many consider MBA to be the missing link to win a million dollar ticket. Well, even though MBA can help you find a good career direction, but it is not a ticket to million dollar. For that you will have to work hard and use your skills and talent.
Believe it or not, but many people in India has this belief that being an MBA is equivalent to becoming an entrepreneur, but that is definitely not true. If you are an MBA you can help entrepreneurs run their business efficiently, but having an MBA degree does not make you a business owner. If you want to own a business, studying MBA will help you in running it efficiently.
MBA= Marketing & Finance
Well, this is the most common belief and myth about MBA that if you are an MBA, you have to be a finance, marketing or HR person. But that is surely not true. There are many avenues of MBA like Fashion, retailing, Hotel and many more and you can choose the right way as par your interest and talent. Not all MBA are from Marketing and Finance.
Okay, it is a very very common myth and believed almost by every Indian parents and especially relatives, that an MBA degree holder does not have any real work. All he/she has to do is to manage people, but get back to reality, that is surely not the case. An MBA degree holder do have work and very important ones.
An MBA is a social wizard, he can meet, greet and create a great PR with people, he has the super power in being successful in every walk of life and yes, MBA opens door to Jobs. Well that is not true! MBA do not give you super power, but only helps you use your talent and skill well and give your career a better direction. If you are an IT professional, doing an MBA in Finance will not magically transform your career. You have to work hard, have skill and talent for that.