Why MBA?? Insights from a IIM Alumunus

Q: Could you tell us about your educational journey?

A: I completed my 12th standard from an ICSE board in Agra, then pursued Economics Honours at Shivaji College. Currently, I'm in my fifth semester of MBA at IIM Sambalpur, which will conclude next year.

Q: Can you share your CAT preparation experience?

A: I enrolled in a CAT preparation course with Times in April, opting for their weekend batch. Initially, I struggled with consistent studying, but intensified my preparation in October-November. It's not the ideal way to prepare, as CAT demands consistent effort and practice.

Q: What's the most important skill for effective CAT preparation?

A: While strong verbal or quantitative skills are helpful, the most important thing is willingness to put in hard work. Tailor your preparation to each exam (CAT, SNAP, NMAT) as they have different patterns. Mock tests help identify your strengths and areas for improvement.

Q: How has your experience been at IIM Sambalpur?

A: It's been amazing and challenging. The MBA program teaches you to work under pressure. The initial days were incredibly tough, with little sleep and constant deadlines. However, looking back, I realize how much I've grown. The diversity among students also enriches the learning experience significantly.

Q: Could you elaborate on your study abroad experience in Korea?

A: It's been fascinating living in a completely different culture. The most exciting part has been interacting with students from different countries, gaining new perspectives. As a fifth-semester student, the workload is lighter, allowing me to enjoy Korea more. It's been very enriching overall.

Q: How do you maintain a work-life balance and pursue your hobbies?

A: I joined the cultural committee at college, which organizes various festivals. This allowed me to blend my passion for dancing with my responsibilities. It was a strategic decision to maintain a healthy balance between studies and personal interests.

Q: What's your go-to activity to unwind?

A: Whenever I need a break, I go for long rides with a friend. Sambalpur is incredibly lush and green, especially during monsoon. These drives are a perfect way to rejuvenate and escape the daily grind.

Q: What mistakes should MBA aspirants avoid?

A: One key mistake is not taking enough mock exams early on. It's crucial to practice for different paper patterns. Also, consistent class attendance and dedicated studying are essential, especially if you're aiming for a top college.

Q: Should students focus on one exam or prepare for multiple?

A: It depends on your available time and goals. If you're aiming only for IIMs, focusing solely on CAT is fine. However, preparing for additional exams like XAT or SNAP can open up more opportunities. The core material is often similar, but paper patterns differ.

Q: How important is the brand name of an MBA institution?

A: In MBA, it matters a lot! The brand often influences recruitment decisions, as alumni networks play a significant role. While education quality is important, the college's reputation directly impacts your placement opportunities.

Q: Would you advise pursuing an MBA right after undergrad or gaining work experience first?

A: I recommend gaining work experience before pursuing an MBA, if you can balance both. Work experience enhances your application, provides valuable insights, and makes it easier to grasp concepts during your MBA. It can significantly elevate your career prospects and earning potential.

Q: Can you explain about executive MBA programs?

A: Executive MBA programs are typically pursued after acquiring substantial work experience. They can be quite expensive, and prestigious programs evaluate the depth of professional experience before admission.

Q: When is the right time to begin preparing for the CAT exam?

A: It varies based on your current mathematical skills. Those with a solid foundation can begin around April or June. If your math skills need work, start a year in advance to ensure consistent progress.

Q: What's the scope of a Master's in Economics compared to an MBA?

A: Currently, the demand for MBA graduates in India surpasses that of Master's in Economics. An Economics Master's can be rewarding but requires strong passion and mathematical skills. An MBA offers broader opportunities across various domains.

Q: Any final advice for MBA aspirants?

A: Consistent practice is essential, especially in mathematics, Logical Reasoning, Data Interpretation, and Verbal Ability. Start early with mock exams, create a clear preparation plan, and regularly assess your focus. Work on your communication skills continuously. After each mock exam, analyze your performance and adjust your approach. Stay organized, committed, and focused on these strategies to be well-prepared for your MBA journey.