Earning 2x of a Tier-1 MBA grad already. Should I still do an MBA?
I am probably earning 2x of what an average T-1 MBA grad makes in India. I'm just not happy in my role and this SDE grind caught me lackin'.
Can you help me determine whether it is still a good bet to get an MBA? Because these normie MBA folks are literally the dumbest people I have seen and I think I can do a better job than them.
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I joined an MBA program while I was making close to the average salary of post MBA grads.
Few things to remember:
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Opportunity cost of a 2 year MBA is humongous. The PGP at IIMs will cost you a crore+. Imagine trying to get an ROI on it.
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PGP at IIMs are filled with freshers and low work experience folks which naturally means there are very few senior roles on offer. So you may not find the right level after MBA.
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It's best to restrict yourself to 1 year programs like ISB's PGP and IIM's PGPX.
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Be really sure of what you want from the MBA. You can easily switch to SDM or product roles without MBA. Recommend giving that a shot if you are just tired of SDE
Don't. Just don't.
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I commented my experience and take here
I have read your comments. I am in analytics domain. Do you think analytics is a dead career?
Depends. MBA may not be helpful in short term, but might help you later in your career (after 20-25 YoE). If you have sizeable savings and want to do FIRE before 40, mba would be a bad fit. On the other hand, mba is a no brainer if you plan on working till 60 / or beyond
If money is your goal; then don’t. The moment you get Sr. staff & Principal you will making more than 3 Cr+, more than an average SVP makes in India.
But if you like to take part in leadership where strategic decisions are made, then you need to speak the business lingo.
Bro I'm just 1.6 YoE and even I have been advised against MBA by many of senior friends I made during the short stint of mu career mainly due to opportunity cost.
Apart from this, the exposure you get at IIMs is shit (ISB is still better). I'm telling you this after talking to A LOOOTTT of people.
If you wanna do an MBA, do it from outside India or ISB (in case you don't wanna go outaide). At least that's what I have decided for myself. But yeah all these decisions I have made after consulting with a lot of people and lot of very knowledgeable, wealthy people. (Fortunately I had a lot of great colleagues at my first workplace which are almost like family now lol).
Similar boat 😅, decided against mba as i will lose 1cr+ in the short term if i do mba from even iima
What's your yoe? 40 ctc right around
I have 3.5yoe, ctc in the range of 40-55(including year end bonus + stocks).
Just do executive mba if you absolutely have to
Do it. A senior role is virtually guaranteed.
Couldn’t agree more.
Yoe?