IS IT A GOOD TIME TO DO AN MBA

Is it a good time to do an MBA?  With headlines like ‘MBA salaries dip by 10%’, MBA aspirants are confused as to whether an MBA is the right career choice now.  An objective examination of the issue can offer us some answers. First, while it is true that the starting salariesof MBAs have not grown this year, it is also true that MBAs from good B-schools have got much better jobs than the other graduates.  Secondly, most economists agree that India is far less affected by the global economic turmoil and will recover much faster. The current scenario is, therefore a correction in salaries.  Thirdly, most economists agree that the global economy will recover in the next two years and that by 2012 the worst will be over. So if an MBA aspirant takes CAT ‘09 and gets admission into one of the IIMs for the 2010-12 batch, she/he will be best-positioned to take advantage of the economic upturn expected by 2012. This is probably the best time to prepare for an MBA if you want to be in the right place at the right time.  So, how does an MBA help?  Fact 1: An MBA from a good B-school (not just IIMs) builds capability and is a force-multiplier in career growth.  Fact 2: There is hardly a postgraduation course that is better than an MBA and can significantly improve your career prospects.  Economic slowdown results in lower investments by organisations and lower growth in salaries. Hence the best time to build capability through education is during the slowdown when existing career opportunities are limited.  The history of MBA enrolments and economic activity in the US also suggest that there is a good correlation between economic slowdown and MBA enrolments in the top B-schools.  To sum up, now is perhaps the best time to do an MBA. However, don't be complacent. The competition to get into one of the IIMs is fierce. A serious aspirant needs holistic assistance to bag one of those 1,800 seats at the IIMs.  Coaching institutes not only help you build strong fundamentals and benchmark your performance against other aspirants, they also help you to identify your relative strengths and weaknesses and fine-tune your strategy.  T.I.M.E. is one of the largest and fastest growing coaching institutes in India for MBA entrance preparation. It has a brand turnover of Rs 200 plus crores and has consistently produced good results.  More than 50% of the students studying at IIMs have been trained by T.I.M.E. With a 2000 plus strong team, including the largest number of IIM graduates in the industry, T.I.M.E. is possibly the best guide to help you get into a top B-school.