Campus Buzz

Myths About MBA We Bet You Didn't Know

January 08, 2018 07:26 PM

Master of Business Administration is one of the mostsought-after professional courses for fresh graduates as well as executives who aspire to sharpen their professional skills and climb up the corporate ladder.Over 3500 B-schools in India provide to this goal amongst today’s young generation, offering various management programmes. Amidst different MBA options, some myths about MBA programs have taken root in the minds of many aspirants as well as their parents.Here are a few myths related to MBA we bet you didn’t know.
1.You Should Only Apply toJust One or Two Schools
It isquite surprisinghow many MBA aspirants feel they should be either considering only one or two schools or apply to as many asprobable. Usually, candidates selectschools they think are an ideal fit for them and don’t want to explore outside of those options. While it’s right that candidates don’t want to apply to a school,they don’t see themselves being a part of, limiting theiropportunities toapplying to just one or two schoolsimmensely reduces your chances of getting admission to a great program.
2.CAT Is a Must for MBA Admissions
As an MBA aspirant plans for MBA, the first thing they think about isCommon Admission Test.There exists a perception that Common Admission Test(CAT) is the only management entrance test that will get them admission into a decent B school. The truth is that there are half a dozen other management entrance tests that help candidates to get admission to some of the best B-schools in India like BML Munjal University. According to the latest Supreme Court verdict, PGDM institutions can admit candidates who have taken any of the six MBA entrance exams, namely CAT, XAT, MAT, GMAT, ATMA, and CMAT.

3.Degree in Business Is Enough
At first thought, this entirelymakes sense, but when you think about it more wisely, it turns out to be entirely wrong. An MBA degree is not a gussied-up version of a business degree for only those who can afford it. While their base and contents are similar, MBA courses put a distinct emphasis on the innumerable ways candidates can put theory into practice. Moreover,MBA participants are specialists who bring many years of on-the-job experience to the table. Hence, there will be anextremely beneficial exchange of expertise and best practices among them. This isparticularly true if the class brings together a vast variety of cultures and nationalities and includes many non-business graduates.
4.Entrance Exam Is Necessary for MBA Admissions
Many candidates are under the impression that a written exam is a compulsory to get into a B-school.It might come across as shocking, but some schools offer admissions only based on thepersonal interview as well as academic background. This way, these schools fill their seats with thedesired mix of thebatch.However, these B-schools do ask the students to take an entrance exam at a nearest possible opportunity and submit their scores to the admission committee as a formality.  The most sought-after entrance exam in such cases is Management Aptitude Test (MAT), which is heldfour times a year.
5.Admissions Closeby March-April
As the admission for most of the B-schools opens inAugust or September, MBA aspirants are under the impression thatadmissionsclose by March or April.While still waiting for their final graduation results, some aspirants even drop the plan of pursuing MBA just because they think that the schools must have closed their admission process by March or April.However, most of the B-schools keep their admission open until May or June.

Business school gives you knowledge and skills that can turbocharge your career. While MBA students often set their sights on MBA finance or consulting, the various soft and hard skills learnt during an MBA program are transferable to many other roles. An MBA degree will offer you numerous professional as well as personal benefits.

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