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Is MBA A Rat Race

The document discusses the increasing popularity and competition for MBA degrees. It notes that the number of applicants and test takers for the CAT exam, required for admission to top Indian business schools, has grown substantially in recent years from around 1.95 million applicants in 2014 to over 2.4 million in 2018. Some students pursue MBAs due to pressure from others who believe it will help career prospects, contributing to a "rat race" for limited seats. However, MBAs also provide benefits like preparing students for competitive work environments and improving skills. While competition is intense, MBAs open doors in many fields from medicine to banking that rely on management skills.

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Sona Dutta
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95 views1 page

Is MBA A Rat Race

The document discusses the increasing popularity and competition for MBA degrees. It notes that the number of applicants and test takers for the CAT exam, required for admission to top Indian business schools, has grown substantially in recent years from around 1.95 million applicants in 2014 to over 2.4 million in 2018. Some students pursue MBAs due to pressure from others who believe it will help career prospects, contributing to a "rat race" for limited seats. However, MBAs also provide benefits like preparing students for competitive work environments and improving skills. While competition is intense, MBAs open doors in many fields from medicine to banking that rely on management skills.

Uploaded by

Sona Dutta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Background:-

 The MBA degree, Master of Business Administration originated in the United States in the
twentieth century and has been the current craze of students in the present years. As the course
welcomes students from every stream of academic, people dive in to get the certificates, and
sometimes, without thinking twice before starting the MBA journey.

Yes:-

 The annual number of test takers for the very famous CAT (Common Admission Test) to pursue
an MBA degree has been 232,434 in the year 2016. The amount of students appearing for this test
clearly depicts the heated competition for the top institutions like IIMs, IITs, etc. for a seat.

Year 2014 2018


Total number of applicants 1,95,988 2,40,338
Total number of test takers (CAT takers) 1,67,830 2,09,405

 Taking a student’s point of view, they get pressurized to some extent, unknowingly by their
parents, by institutions, monetary crunches and the people around them, telling them to get an MBA
degree which will be beneficial for them in the later future. These students blindly follow the trend of
the MBA degree and thus, the rat race keeps on including new runners every year. But the
consequences do not turn out to be good always.
 Tough examinations like CAT make it seem all the more dramatic and legit to students to pursue
a degree in management or administration, thus contributing in the rat race.
 The belief: “chances to get a job in the corporate sector increases straight up the curve on
acquiring an MBA degree” signals the whole play to be a rat race.
 Other streams like medicine, architecture, educational societies, banking sectors, etc. are all at
some point, dependent on managerial and administrative stands in their respective fields. The key to
these management posts are MBA degrees. This ideology keeps more and more students interested
in taking up MBA as a course.

No:-

 A huge percentage of students willingly pursue MBA as a degree in order to get into the corporate
world for management or administration posts. They cannot be called a part of the rat race, as they
do it on the basis of their personal interests.
 Even if an MBA degree seems hard to acquire and the entrance tests seems very difficult, it
prepares the students for a competitive environment as competition persists in every field, develops a
mindset for interviews and improves communication skills which is beneficial for their future. Thus, in
spite of the pressure and competition, good points are a bonus with it.

Conclusion:-

The MBA courses cover various fields of business which includes accounting, statistics, business
communications, finance, managerial economics, marketing and operations. This vastness allows
students of different streams to flock in for the seats in the institutions, thus increasing competition as
seats are limited.

The courses come with a heavy monetary amount to pay off which is also a factor to think about
before taking a plunge into the rat race. Also, the competition is global and has a huge periphery which
makes it all the more difficult.

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