An MBA is a prestigious degree that will enhance students' career by providing them with reliable skills. Being a fresh graduate has its own perks. But at the same time, they may lack insight into real-world issues. People with few years of work experience have a good understanding of the corporate world and how things work. So, students are wondering whether it is better to pursue MBA after graduation or MBA after working experience. Check out this article to know more about who can pursue MBA.
This Story also Contains
- MBA after Graduation or Work Experience?
- MBA after Graduation Vs Work Experience
- Different MBA Specialisations and Scope
- 6 Benefits of Pursuing an MBA after Graduation
- Disadvantages of Pursuing an MBA After Graduation
- Advantages of Pursuing an MBA after Work Experience
- Disadvantages of Pursuing an MBA after Work Experience
- Thoughts on MBA after Graduation or Work Experience
MBA After Graduation vs Work Experience: Which is the Right Choice? MBA after Graduation or Work Experience?
Students are enthusiastic, young, and creative and can come up with innovative solutions to problems. It is true that pursuing an MBA after graduation has benefits. Students have a lot of energy and are in the mindset of learning, not making money.
It will give them the psychology of experimentation, trying new things and finding innovative solutions to problems. But, on the other hand, candidates with some work experience have practical knowledge and know what works in the real corporate world.
Check out the list MBA Colleges in India
MBA after Graduation Vs Work Experience
Whether you are a fresh graduate or someone with work experience, both situations have certain advantages and disadvantages. Fresh graduates are less competitive compared to candidates with work experience, as colleges try to maintain a definite class profile with a certain minimum percentage of fresh graduates.
The advantage of pursuing an MBA after graduation is that you are on a learning curve and your education is not interrupted by working. This makes it easier to learn in a college environment and can do jobs and projects much faster than someone with a few years of work experience.
However, there are some advantages to doing an MBA after gaining work experience, too. Most companies prefer a candidate with a few years of experience because it makes it easier to train the employee to new work conditions. You'll understand concepts faster and better because you can see them in the context of work.
Check out Career Options After MBA and Salary
Different MBA Specialisations and Scope
An MBA is like an ocean of opportunities. It is very important to intelligently analyse your area of interest and check if it matches your career expectations.
Name of MBA Specialisations | MBA Scope |
Systems and Operations Management | - General Operations Manager
- Operations Manager
- Manufacturing Consulting Manager
- Operations Analyst
- Operations Research Analyst
- Area Operations Manager
- Plant Manager
|
Finance | - Assistant Vice President, Finance/Corporate Banking Finance Manager
- Credit Risk Manager
- Treasury Manager
- Financial Analyst
- Senior Business Analyst
- Senior Finance Analyst
- Portfolio Manager
|
Banking, Finance and Allied Services | - Financial Manager
- Marketing Analyst
- Investment Banker
- Equity Research Analyst
- Business Analyst
- Research Analyst
|
Human Resource Management | - Director-HR
- Regional HR Manager
- HR Manager
- Team Leader
- Assistant HR Manager
|
Logistics and Supply Chain Management | - Logistics Manager
- Supply Chain Analyst
- Global Logistics Manager
- Logistics Analyst
- Shipping Coordinator
- Inventory Manager
- Procurement Manager
|
Marketing | - Marketing Manager
- Brand Manager
- Product Manager
- Asset Management
- Corporate Sales
- Sales Manager
- Market Research Analyst
|
Business Analytics | - Data Scientist
- Business Analyst
- Qualitative Analyst
- Business Intelligence Expert
- Data Analyst
- Data Mining Expert
- Business Analyst (Project Manager)
- Big Data Analyst
- Predictive Modeller
- Technical Team Lead
- Data Warehousing Expert
- Data Warehousing and BA Architecture
- Data Analyst SAS Programmer
- Business Analyst (Industry Expert)
|
Luxury and Fashion Management | - Luxury Brand Manager
- Luxury Retail Manager
- Luxury Marketing Manager
- Luxury Sales Head
- Marketing Head in Luxury Retail Category
- E-Commerce Manager for Luxury Brand
- Operations Manager in Luxury Brand Category
- Digital Marketing Head in Luxury Brand Business
|
Aviation Management | - Airport Manager
- HR Manager (Aviation Companies)
- Airport Traffic Controllers
- Airport Operations Manager
- Cargo Operations Manager
- Aviation Faculty
|
Entrepreneurship and New Venture Creation | - New Venture Developers
- Fundraisers and Development Officers
- Business Consultants
- Business Journalists
|
International Finance and Accounting (integrated with ACCA) | - Corporate Controller (Lead Accounting Department)
- Investment Banker
- Finance Consultant
- Finance Head
- Bank Manager
|
Digital Business | - Head – Digital Marketing
- Market Research Manager
- Media Planner
- Brand Manager
|
Sports Management | - Athletic Director
- Sports Publicist
- Ticketing Manager
- Stadium Operations Manager
|
Apart from these, there are dual MBA specialisations where one can opt for a combined purpose and opportunities to excel twice in your career.
Know more about the Top Dual Degree in MBA Colleges in India
6 Benefits of Pursuing an MBA after Graduation
Some of the advantages of opting for an MBA after graduation include:
1. Enhanced Knowledge: An MBA programme will give candidates the skills they need to succeed in their chosen career. Specialised MBA programmes are helpful for those who focus on a particular field. This opens up many new opportunities.
2. A Good Start and Career Opportunity: An MBA graduate starts fast and earns well. Employers are ready to hire an MBA immediately because they were qualified during their studies. They don't have to struggle much to get a job.
3. Personal as Well as Professional Skills: Studying MBA is always beneficial for students, as it not only provides professional training but also makes them more positive by improving their personalities. By pursuing MBA after graduation, students will improve their personal skills in addition to professional skills and become more positive about navigating the corporate world.
4. Hard to Make the Correct Choice at this Stage: Making the right choice regarding your MBA programme is very important. Before you gain professional experience, it can be a bit difficult to develop a clear career plan.
5. Reduced Chances of Acceptance at Top Bschools: Most of the leading Bschools require students to contribute to discussions related to business and the corporate world. This can only be achieved if students have some professional experience. As compared to freshmen, those with more knowledge are more likely to study at top B-schools.
6. Opportunities for Networking and Socialising: MBA aspirants get a lot of opportunities to work as interns in leading companies and learn a lot of new things about the corporate world throughout their internship. This will benefit them once they start working.
Disadvantages of Pursuing an MBA After Graduation
Some of the disadvantages of opting for an MBA after graduation include;
Limit to Learnings: As an MBA student with no work to show or relate to, it can be difficult to connect subjects with real practice. Also, as a newbie, they have little professional knowledge about their field and all their knowledge comes from others.
Reduced Acceptance Rates: Once you clear the CAT exam, work experience gets a candidate more marks before the entrance exam. If you're a fresher, you should make the most of your CV by listing some volunteer experience, projects, internships, or small entrepreneurial experience to offset any work experience.
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Advantages of Pursuing an MBA after Work Experience
When it comes to your career, experience matters. Whether you're applying for a job or applying for graduate education, for example, an MBA programme, you'll always be evaluated based on your experience and how you can apply it to your chosen programme or career. Pre-MBA work experience provides a platform for students to build upon during their studies.
- Soft Skills: After being a part of the corporate world for a while, you will develop soft skills. For example, it includes interpersonal and communication skills that are essential in the corporate world. Work environments provide many opportunities to develop such skills.
- More Clarity: If students choose to work for a few years before studying for an MBA, they will be clear about what they want or their approach to a particular goal. After students have a set of defined career goals, they can apply to the MBA programme of their choice.
- More Practical Experience: A person with a few years of experience is more likely to grasp management principles when trained in a classroom setting. With practice, they will get a better grip on different things.
Disadvantages of Pursuing an MBA after Work Experience
There are no disadvantages in pursuing MBA or PGDM after gaining a significant amount of work experience. Work experience plays an important role in the application process and B-schools tend to give preference to graduates with previous work experience.
However, it is important to remember that if a person with specific work experience is applying for an occupation that is not compatible with the previous industry they worked in, it is for on-campus recruitment that is conducted after graduation, which does not count as relevant experience. This means that the importance given to his experience will decrease.
Since an MBA degree is considered one of the most important degrees of a student's life, it makes sense to weigh their options and then make a decision after analysing the pros and cons of both.
Know How To Choose Your Specialisation In MBA
Thoughts on MBA after Graduation or Work Experience
People pursuing an MBA degree after graduation or after work experience depend on their goals and motivation. It totally depends on them. Some people are sensitive and learn a lot by keeping their eyes open.
And some are self-starters. An MBA will give them some basics, but they'll need a lot of practical experience to quickly put it together and make it work before they lose it. Remember that an MBA won't make people entrepreneurs, but it will give them an understanding of "numbers"-a valuable skill in an ever-increasingly complex world.
An MBA is not a promise of success. MBAs will help students a lot after they have some years of field experience.
