Hello, I have attempted CAT and i have messed up the exam , i am planning to give CAT again next year but i don't want to be dependent on same thing again. since we have employees from all the reputed companies, this is my straight question: Is MBA really necessary to get a very high package and position in an organization? I want to work in companies like BCG McKinsey Bain ... But i have noticed that they mostly hire MBAs in high impact roles. Please guide me on this. Thanks

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Strategy consulting firms are known to be notoriously elitist. So, an MBA from a Tier-1 B-school is a bare minimum. When you deal with C-level executives of a client, considering the billing rates they charge, they nees someone who has been near perfect throughout his/her entire life.

MBA isn't always necessary to reach a top position at a firm, though it gives a headstart to one's career in the initial stages. Your chances mostly depend on your performance, your overall perception amongst the management and a bit of luck.

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2-3 yrs

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Try GMAT and study in usa, uk, singapore. Chances of admission is much higher. Salary is higher as well.

likesmart

For a 25lakh loan in india u get 25-30 lakh salary in india unless u crack faang

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Check linkedin. In all MBB level firms, IITans do the same job as mbas. It's not mandatory to do mba. Also, if u do mba it has to be from abc, xl, Isb to get into MBB else go foreign mba.
If u want high salary then amazon pays 50-60lakhs package nowadays. No mba needed for that. Mba in india is overhyped just like Bollywood movies. More showoff than actual content.
Also, not even 50% of ABC get into MBB. Many join ecomm, startups, fintech, faang nowadays. Many go for 2nd masters abroad bcz indian mba is just theory and people do mba as a fresher. After working post mba they realise, that study was useless.
The latest skills are in analytics, AI etc. It's not taught extensively in mba. Mba teaches u generic stuff like OBHR, marketing, macro, Financial modelling, SCM, IT systems etc. My good friend from IIMk did not even know how to use vlookup n I did not know how to create pivot post mba in 1st job. The MC job in big 4 where majority of IIM end up does not need a useless 25lakh mba from IIM.

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Khud tier 1 hote to Kozhikode wale dost ka example na dete.
Ek vlookup pe maarli bechare ki

An MBA’s utility depends on your current skills, but an MBA from a tier-1 B-school is typically very useful.
It gives you a solid jump in your career, especially if you’re not from an IIT/NIT/ BITS etc.

(Not counting softer benefits like networking, perspective etc.)

For MBB- they typically need tier -1 MBAs; they do hire industry experts, but they are generally from non-IT backgrounds, and are hired once they have a lot of experience.

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<= 3 YOE for 2 years MBA

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If you aspire to be a top guy in a big company, either you founded the company, or it's your family business or you have a mba from a tier 1 college. That's the reality of current corporate.

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