MBA With Work Experience Or MBA As A Fresher? - IIM Bangalore Student's Perspective
In the job market, work experience prior to doing an MBA is undervalued as opposed to the work experience after doing an MBA. I will give two scenarios here and compare how work experience prior to doing an MBA is heavily discounted. Consider two students who have completed their undergrad from the same college and graduated in the year 2015. Now one person went on to work for 3 years and after the hikes and promotions managed to get a salary of 10-12 lakhs in 2018, he later decides to join a B-School. Whereas his batchmate went on to do an MBA as a fresher from one of the top B-Schools and now earns a whopping 21 lakh after a year of work experience. This difference is very drastic and even if we consider an investment in management education, the breakeven point is within 2 years. Unless the person who worked for three years was unsure of doing an MBA back in 2015, he/she has worked three extra years at a lower salary than his fellow batchmate to eventually reach the same position that his friend has reached three years before!
