Most people believe that earning a business degree is a smart idea since it will help them progress their professions and earn higher salaries quicker. But do students have appropriate expectations about earning business degrees? And how do expectations fit in with real-life realities of earning a degree?
Business degrees are just for commerce students
The most common misconception about the degree is that it is just for commerce students whereas non-commerce students are unable to enrol in the business course. However, in actuality, this degree is for everyone. So, regardless of whether you hail from an arts, science, or business background, you can almost likely get into this degree. Undoubtedly, for commerce students, the early courses such as accounting and economics may look simpler than for science or arts students, but there is nothing in the course that is excessively difficult or entirely illogical for them.
Expectations for Student Life
Most students believe that business program is difficult and demands of a lot of effort. You are receiving an exceptional business education in just two to three years. Students frequently have to handle many projects and may have to sacrifice sleep to complete tasks on time. Another aspect that students may overlook is the level of competition in business schools. Many students with a commerce background have become use to receiving excellent grades and finishing at the forefront of their courses of study. However, due to the strict requirements of the top schools, many of your fellow students of different background can also at the forefront of their respective courses. Students may discover that they are simply at their best, and that being a top performance is no longer possible owing to competition.
Adheres to the Traditional Educational Framework
In India, B-schools continue to adhere to a traditional and unremarkable curriculum and organizational framework. A business degree from an Indian B-school isn’t applicable outside. Indian B-schools have undergone a significant metamorphosis, adopting experiential, hands-on learning that is grounded on industry-supported live projects and research as the way forward. A business degree focuses more on discovering cutting-edge and novel methods to acquire. Exceptional and accomplished individuals are asked from across the business to serve as guest lecturers in universities, and research incubation centers are becoming an essential component of the B-school curriculum.
Business Degrees are Expensive
Many believe that the cost of a business degree is excessively high in comparison to the benefits that students receive from the program. Many, nevertheless, are unaware of the true value this degree offers, which goes beyond what we often recognize. A top-notch business school equips its students with practical understanding of the business environment. They study and comprehend the basic principles of business via case studies and real-world, hands-on experience. In order to facilitate their job search after earning their degree, they are also provided with opportunities to work under professionals and develop expertise.
Business Degrees Are Not mandatory for All Industries and Positions
Some students may believe that getting a business degree will enable them to advance to a managerial job in their sector that pays more. Nevertheless, not every company looks for a business degree, such as an MBA or BBA, and others might not give recruiting choices any more consideration. Moreover, certain firms could favour applicants with different degrees, particularly if they deal with technological matters. For example, if you are not proficient in coding, it would be challenging to function effectively as a manager or executive in a computer programming business. An MBA holder may not be viewed as qualified in certain situations as someone with coding expertise or a graduate-level computer programming degree.
You will get the Best Placement
Placements are undoubtedly unpredictable and unplanned. Because you don’t meet the company’s minimal work-ex requirements, you might not be a good fit for consulting jobs and your excessive experience could dash your hopes of becoming an Industrial star. Previous alumni may also resurface here due to specific firms having no backlogs or gaps in their filters. An “Ex-sales person” or a “CFA/CA” may be contending with you for that ideal marketing profile, or an engineer with IT work experience might have to compete with them for a finance position. Any B-school, including lower tier universities and Tier 1 elites, is prone to it.
Your Degree might not be Adequate for Obtaining the Job
Many students think that as soon as they graduate from college with a business degree, they would be able to immediately obtain a high-paying position at a prominent firm. However, degree in business administration is insufficient for acquiring the position. Businesses also look for various kinds of soft skills and, in certain cases, technical expertise when hiring for a position. Some of these talents include the ability to collaborate successfully with people, manage time and resources, grasp the larger context in business, connect with others, and solve problems.
High Salary Expectations
The majority of learners anticipate that their salaries are going to increase by more than 100% during the next five years. Salaries, on the other hand, might vary depending on a range of criteria such as past job experience, gender, geography, and the state of the economic conditions after graduation. Business graduates may expect an average starting salary of 3.5 lac CTC. For example, an HR manager with a work experience may earn less than a similar experienced project or marketing manager.
Conclusion
Last but not least, a manager’s true skill is to identify the best in every scenario. Eventually, you are going to figure out how to enjoy yourself in spite of these limitations and maximize your degree. In addition, a business degree may be thought of as a course that broadens our perspectives and teaches us about real-world business operations. Additionally, it helps us develop our personalities in a way that will enable us to lead the corporate world in the future from a young age and improve our communication skills. That means you may confidently enrol in a business degrees without thinking about the misconceptions whether your goal is to work in the corporate world or become an entrepreneur.
