Many students across the global with aspirations to pursue management degree like MBA wonder when should they get MBA ? Some think : why waste and year, just get it right after B.Tech/ Engineering or any Bachelors degree . What is the correct decision ? I was one of those who used to always think like that : ” I should not waste time and get it right away”. But, luckily things did not work out and it is a very good thing I did not do it right away. I feel the importance when I am in classes discussing with fellow class mates.
When should you ideally do MBA ?
Short answer, ideally, you should work for at least 3 to 4 years and then start MBA.
What difference does it make ? Why should you work ?
Work experience makes a huge difference. I can not explain how important it is. Many concepts related to leadership, organization management, change management need work experience. You will not make much out of those classes if you do not have experience. For instance, the question would be: how did you deal with your team ? what conflicts did you encounter as a team manager or member. Think about it, if you have not worked, how would you know ? So, it is very much needed to have work experience.
In the second case, where one would do MBA is to change their career path . Let’s say you are in some sort of IT kind of role and you want to make a career change to strategy roles. One of the things you can do is get admission at good school, do it full time and on the way do internships in strategy. This gives you an option to change your careers. The key is internships, if not you may end up where you were and may not be able to change easily.
What can I do during my working period after Bachelors to be prepared for MBA ?There are couple of things you can do during your prep time. First and most important thing is to make sure you do well in the tests like GMAT, GRE, or any other test that you would take for admission. So, focus on the important areas that are part of these tests like Verbal,Quantitative, Writing skills, etc. You need to start to research about schools that could fit your passion and goals.
Now, second thing, these things may not directly help you with admission, but will help you be knowledgable and can help you in your MBA classes or after that for your career. Depending on your background, you can start studying books in finance, leadership, Innovation, articles in Economist, Fortune, Harvard Business Review, etc. You can do many of the online courses on leadership on Coursera or LinkedIn that can help you increase your business acumen.