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Now is the right time to pursue an MBA program
Considering the current job market, students across professional streams are confused over its hiring prospects. Even those professionals who are planning to pursue an MBA course are having second thoughts if they should pursue it or not. The general feeling is that pursuing an MBA program might turn out to be a waste of time if the job market doesn’t improve. However, it might just be the opposite.
Now is the best time to upgrade your skill sets, enhance it and make yourself more significant in the job market. When planning to pursue an MBA course, the aspirant’s main purpose should be more about enhancing his skills and to get ready to look out for other career options.
Having additional skills will help you in getting a better salary and a better job-designation level than the one you had before the recession. Remember that the rough times are not permanent and whenever the tide improves, your newly acquired skills will be an advantage for you in the job market. For example, those who are in sales could pursue an MBA in finance and strategy and thus get jobs for bigger roles.
If you are a student who got his offer letter recalled because of the recession, you could still go for an MBA. It will be difficult to get job-experience before the MBA, so you can look for a part-time job in an industry of your choice and still pursue a part-time MBA. Many B-schools offer part-time executive courses and other MBA courses these days, from this you can choose the right kind of B-school that suits you the best.
If you are working somewhere then, you can convince your employer to sponsor you, in this way, you will be able to develop yourself and you won’t have to spend your own money for it. If not, you can always get education loans that are readily available and would need to be re-paid only when you get a job later.
Expand your selection of B-schools to include more while applying for an MBA course. Get to know about the curriculum carefully and then make your choice, try to get in touch with the alumni of the B-schools, try to find out about the placements, try to get info about the number of companies that visited the B-school during the placement season. It should be noted that during a recession, the cost of sitting idle is more than the cost of pursuing an MBA program.
Considering all these factors, it can be concluded that pursuing an MBA program during the slowdown would only help you to be prepared when the market is up, when the hiring season is on in full swing. At that time, you would be much more readier than the others.
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