MBA with Work Experience or MBA as a Fresher – an age-old debate. Is there a correct answer to this? There are inherent advantages and disadvantages with either of the two choices. While on one side, doing an MBA after having some prior Work Experience makes it possible for you to link theory to practice; on the other end, pursuing an MBA as a fresher makes it easy for you to adjust to the b-school rigour. Being a fresh graduate has its own set of benefits. You are enthusiastic, young, and creative and can come up with innovative solutions for cases and problems. But at the same time, you might not have a lot of insight into the real-world issues. People with work experience have a fair understanding of the corporate world and how things work.
Thus, in case, you are also thinking whether it is better to pursue an MBA immediately after graduation or should you work for some years and then opt for MBA, you must go through the below-mentioned post:
Pursuing an MBA after graduation: (as a fresher)
Some of the benefits of choosing an MBA after graduation are as follows:
- Firstly, you will be able to cope with studies quickly right after graduation as you are already in the flow. Secondly, there is a relatively higher demand for freshers to MBA in recent years. In these years, a batch of IIM would have 25-35% of students fresh after graduation. Thirdly, placement opportunities for 2 -3 years experienced, and the fresh graduates are more or less the same.
- Doing an MBA is always advantageous for the aspirants as it not only offers professional training but also makes you more positive by boosting your personality. By pursuing this course right away after graduation, you will get to improve your personal in addition to professional skills and become more positive about leading the corporate world.
- MBA aspirants get lots of opportunities to work as an intern in leading companies and get to learn a lot of new things about the corporate world throughout their internship. This can prove advantageous to them once they start working.
- An MBA graduate gets a fast start and earns well. As they are qualified during their course tenure, employers are ready to appoint an MBA right away. They do not have to struggle much to get a job.
Pursuing an MBA after gaining work experience:
When it comes to your career, experience matters. Work experience before an MBA offers the student with a platform to build on during their studies.
- An individual with a few years of experience is more likely to have a grab on the management principles as and when they are trained in the classroom and will give more sensible examples. You will have a better hold on the practicality with different matters.
- Most of the leading B-schools necessitate you to be able to contribute to the discussions in regards to the business and the corporate world. This can only be achieved if you have some professional experience. People who have more knowledge have a better chance of getting through leading B-schools as compared to freshers.
- You will be able to grasp lessons better as you already know the corporate style and the intricacies of the management side. Secondly, companies, when recruiting to senior-level or mid-senior level leadership, prefer students with work experience. As such, companies are ready to offer higher CTCs to MBA graduates who have experience.
- Most top-schools have “lateral placements,” i.e., placements exclusively for students with experience. With a couple of years of working, you would have made some savings that you can invest for your MBA.
- And, with the years of experience and salary credits, you would have built and trust with the bank along with a good credit history. It will be easier for you to get an educational loan to finance your MBA. Certain rare companies will sponsor your MBA fully. In most cases, the type of MBA chosen will be distance or weekend and in some rare cases, a regular MBA. This is a risk-free advantage you can take from your company.
When to pursue an MBA degree, just after your graduation or after some years of professional experience, depends on your motivation and goals. It depends completely on you. Some people are sensitive and learn a lot by just keeping their eyes open. And some people are self-starters. The MBA will give you some basic, but you will require a lot of practical experience to tie it together fast and make it functional before you lose it. MBA is a post-graduate programme that teaches management with or without specializations. It is mostly better for those with substantial work experience.
So for those of you who still are trying to figure out right after the college whether or not you should opt for an MBA, I would say the mystery will continue till the time you don’t take that next step. All I would say is just take that step. Whether it be job or coming back to the campus life, the choice is yours. There is absolutely no disadvantage in either of them.
Freshers will always cherish enjoying campus life while adapting future corporate culture and for the experienced ones, well, it’s coming back to college! MBA brings out the best in each one of us!
Author: Vibhanshu Thakur