Adding links for the courses I took on RUclips + books i read : 1. Corporate Finance: ruclips.net/video/6oaw9U973s8/видео.html 2. Valuation: ruclips.net/p/PLUkh9m2BorqnKWu0g5ZUps_CbQ-JGtbI9 3. Marketing: ruclips.net/video/BPK_qzeH_yk/видео.html (I actually watched most videos by Seth Godin. He's amazing. He also has a blog: seths.blog/ 4. Accounting: ruclips.net/p/PLSQl0a2vh4HAHUM1CLDf4YnxpX-WmxKZi (khan academy) 5. Worth watching this by Ray Dalio before taking a macro-econ class: ruclips.net/video/PHe0bXAIuk0/видео.html 6. Micro and macro-economics in detail: ruclips.net/p/PLAEA5E9ACA1508F92 (khan academy) 7. Case study method: ruclips.net/video/Tk9loFrl308/видео.html (Mihir Desai, Harvard) 8. Entrepreneurship - Nothing else needed except this in my opinion: ruclips.net/p/PL5q_lef6zVkaTY_cT1k7qFNF2TidHCe-1. I would also highly recommend Peter Theil's book: Zero to One 9. Investments: ruclips.net/p/PL8FB14A2200B87185 (Prof Robert Shiller, Yale). Not necessarily courses but I also like several of the "talks at Google": ruclips.net/user/results?search_query=talks+at+google+investing 10. This in my opinion is the best book on leadership/Management: www.amazon.com/High-Output-Management-Andrew-Grove/dp/0679762884 I didn't find good courses on Venture capital but learnt a lot working for a startup. carta.com/learn/collections/early-stage-founder/ has good documentation If I remember anything else I have missed, I will add here as a comment :)
Very Insightful Praveen. I did my engineering from IIT Kanpur and gave CAT thinking that I will also land job in MBB like my other IITK friends, who did mba from IIM abcL. But even after getting IIML, I later declined the offer and decided to move forward into my analytics career, coz I want to start something of my own, youtube, or anything. I realized that I don't wanna get into this rat race again which will compel me to just work for clients, rather I wanna work on something that I love, for me peace of mind is more important than big money.
Thanks for your comment Saurabh. I deeply relate to your comment. I hope everything works out for you and that you get the peace of mind and success you are looking for. I'm hoping for the same through this channel :) I followed your channel and wishing you all success and growth.
Key points: 1. The MBA's promise of helping to advance one's career or pivot into new roles is no longer as relevant in 2024. Online courses and real-world experience are now more valued by employers than an MBA degree. 2. The MBA fosters a mindset of encouraging people to parachute into and assume ownership of companies without practical experience or innovative thinking. 3. The MBA program lacks diversity of thought, with case studies promoting unanimous, conventional thinking rather than out-of-the-box ideas crucial for entrepreneurship. 4. The MBA experience did not provide practical, applicable knowledge as much as self-learning resources like RUclips videos on specific topics. 5. For those wanting to start something new rather than advance in a traditional career path, an MBA may not be as useful or cost-effective as free online resources. He suggests reevaluating the need for an MBA degree, as free online resources and real-world portfolio experience are increasingly valued over a formal business education, especially for entrepreneurial pursuits.
Pls do not say mba isnt worth it ... After all , even you pursued it finally from the US .. i completed my mba from a tier 2 way back in 2000 , it just took me 3-4 years to reach the level of my tier 1 mates ... I was earning a package of 30 lacs starting the year 2005 working for an italian private firm handling their india operations ... So pls dont diminish the importance of an mba ... Its just not a piece of paper, the confidence that it gives to you is for a lifetime ... And whether u pursue it or not , hardwork is all that finally matters... So all aspirants wanting to go ahead with their mba, pls do it... You shall definitely see the bonuses 5-7 years down the line, it shapes u into the person you should be , best wishes
Mam, i'm preparing for CAT and i'm also good in studies. But i have seen ,most of the people talk about How Corporate life is so bad. Like is it too stressful. I don't want to work for more than 8hrs per day.
@@SupremeReality Just to give you a sense of reality, most corporate jobs do surpass the 8 hour mark (not on a daily basis, but yeah it can be many times), especially post pandemic. That's just how it is. Only people who work for 8 hrs or less are govt employees or RUclipsrs/Influencers (which is also really difficult to become now-a-days due to increased competition as everyone wants to become "content creators") So yeah this is the reality of the world
"Wow, what an incredible real video! Your content is both engaging and informative, and it's clear how much effort you put into every detail. I love how you [mention a specific aspect you enjoyed, e.g., 'explain complex topics so clearly' or 'use such creative visuals']. Keep up the amazing work - I can't wait to see what you come up with next! Subscribed and excited for more! 👍"
Hi Praveen I agree on your viewpoint, but would like to add another angle: a. For a person who lacks strong determination while using free/paid online courses, these B schools are stringent with time and deadlines empowering person with sense of urgency and utilizing time effectively b. For a person who may be introvert or as mentioned by you who is lacking mentor may be helped by peers and professors to get opened to different thought process c. Coming from IT/any specialized sector and if want to get overall view of other domains in structured way (though practical relativity of curriculum could be subject of debate) which further can be complemented with free resources available make little sense?
Hi Pradip, Thanks for watching and for your thoughtful and kind comment. I made this video because I noticed there was very less content on RUclips making the points I make based on the MBA experience I had. There were so many other videos which explained the positive view of the MBA (some of which lead me to take the leap and do the MBA in the first place) but was surprised to find there were few videos explaining the opposite point of view. I made this video mostly for my younger self who could have benefited from hearing another point of view. To your specific points: a) I fully agree with point (a). Additional points/caveats: I think I did not have the determination that I think I have now but at the time, even if I did, I would not have known where to look which was one of the points of the video. Now there are way more free/paid online courses but I feel there is lack of awareness of them. Hopefully as these platforms evolve there will be more awareness of them and people can decide whats best for them. b) I would have loved to get mentorship by professors and peers but I didn't get much. Not sure if MBA in India is different but at UW where I went, I personally found no time for mentorship because we were all so busy with coursework, exams and projects. I hope this changes in the coming years and is also better in India. c) Good point about (c). I think my point was that you could also learn these through practical experiences (like joining a start-up, courses etc.) but point taken that the MBA gives structure and a process for learning. Thanks again for your kind and thoughtful comment. I really appreciate you took the time to give a thoughtful critique to my video. I will try and incorporate some of the feedback in the next videos I make :)
I already knew all of it. Many ppl have one of ur regerts at least who regert doing it. For me ,I think an MBA was worth it. I met amazing people who helped me a lot and achieve higher heights in career .
Thank for the resources but I have a couple of questions for you: 1. You mentioned that the MBA program encourages a "managerial class and bureaucracy" that can inhibit innovation. Could you expand on what specific aspects or coursework in the MBA promoted this mindset? Are there any reforms you think could be made to MBA programs to better foster entrepreneurial and innovative thinking? 2. For someone early in their career who is unsure if they want to follow a more traditional corporate path or an entrepreneurial path, what advice would you give them? Is there still potential value in an MBA if approached with the right expectations, or would you steer them entirely towards self-learning resources and building a portfolio over getting a formal business degree?
Thanks for the comment. I will try and answer below: 1) I can give a few examples for this: a ) Example 1: The ESG movement (en.wikipedia.org/wiki/Environmental,_social,_and_governance ) was picking up steam in the USA when I was in business school (www.nytimes.com/2021/11/13/business/dealbook/business-schools-esg.html). This was referenced in multiple classes throughout (economics, marketing etc.). The short version of ESG is that companies should not only serve the shareholder and customer (primary reason for a business to exist) but also needs to cater to stakeholders (environment, DEI etc.). This manifested in some interested ways in classes. In some case studies, we were asked to look at a business not just from how innovative they were but also how they satisfied "corporate social responsibilities". This in my opinion lowers innovation because the share value is determined by subjective, qualitative factors and not just the quality of product/service. b) Example 2 - How a company performance is measured is defined in business school classes and this influences innovation: A public company performance (atleast in the US) is measured in part through EPS (Earnings per share). A stock buyback reduces the number of shares with a negligible effect on earning. For eg. Apple is sitting on $70B in cash, only about 2.5% of the total value of the company. They have a list of things they can do with that money - acquisitions, investment in new products, cost savings projects, etc. If the company is incentivized towards innovation, they would focus on new projects but often we see Apple buy back stock to return the money to shareholders.We also see this now with earnings reports too. A lot of companies buying back stock instead of investing on R&D. This maybe short term win but don't think its a good long term strategy. I think the reforms need to be in corporate Governence (pcg.law.harvard.edu/courses/). In OG capitalism, there was a direct relationship between the founder (company owner for eg) and customer. But MBA and Law school introduced professional manager for scaling reasons. The founder is incentiviced for increasing profits but the manager is incentivized for increasing salary and sometimes there seems to be a conflict of interest (www.core-econ.org/the-economy/microeconomics/06-firm-and-employees-03-separation-ownership-control.html). Perhaps there can be reforms to incentivize the manager to care about profits too. This is already currently done in startups but hard to do in large companies. Not currently sure of the reforms in business school education to change that. Perhaps if more CEO's don't go to business school (a16z.com/why-we-prefer-founding-ceos/), maybe they will be forced to rethink the syllabus.
2) Thank you for the thoughtful question. When I applied for business school, I was honestly in that scenario where I was unsure whether I wanted to climb the corporate ladder or pursue entrepreneurship. I have 2 thoughts: a ) Looking back, I really wish I had a mentor who could have guided me and shown me what execution of either of these looked like, not just the ideas and glamorous parts of it. That would be my first advice - talk to 2 people you look upto and get inspired by - one entrepreneur and one person who has climbed the corporate ladder and ask them the un-sanitized good and bad of both. Ask them the mistakes they did and how much they also had to sacrifice for their goal. Then you decide if you are okay with the sacrifice and the hardship of either and then decide. Sometimes we just see the good and make decisions out of it. Each decision has trade-offs. You have to decide which upsides and downsides you can handle and decide accordingly. b) This may not be possible for everyone but I feel the entrepreneurship angle might be easier to "test" out than the corporate path to see if you like it and honestly if you are meant for it (because i don't think its for everyone). If you have time, you can start a side hustle outside of your corporate career. It can be a RUclips channel or blogging platform or selling some service you are good at. This can be very cheap to set up (and some of them like RUclips completely free!) and earlier in your career, you have a lot more time and you can actually see if you like selling your service or good, making accounts, hiring people etc. I know many people who wanted to be entrepreneurs and then realized once they were "in the arena" that maybe they did not have the aptitude for it. I wish I had done this when I was younger even with this RUclips channel. I love it so much and would have learnt to do this instead of trying to climb the ladder. Its much harder to "test" climbing the corporate ladder because there are so many things outside of your control. Hope this helps :)
Thank you very much for the very kind and thoughtful questions. It really made my day. You have inspired me to make some videos on this later and also subscribed to your channel :) All the very best to you.
That's very nice of you to take out the time and write a very detailed answer. Looking forward to watching more meaningful content. Hope your channel grows quickly and goes on to achieve new heights.
Thanks so much. Also, if there is any particular topic that you would like to know more about, let me know in the comments, and I will try and make a video on it in the coming weeks :)
Yeah, I completed my MBA in December. I have not seen any real opportunities that did not require starting at a lower level since I had an engineering undergrad degree. The one thing in my favor is that law school is my next upcoming goal, and having the MBA can complement me a tiny bit. I am also fortunate that I did not get into a program that put me in much debt since I was able to both cash-flow it and get a little bit of help from work.
Even my life has been ruined bcoz of MBA , most of the employers don't want a PG student Rather they want a simple degree job In today's world MBA is worthless nowadays
For me i need to have a job which will probably be after MBA (college placement) or consultancy or else . As i m just a english graduate with no skills in hand . Yes i was in topper list at NCC and i think it will somehow help me to step up the ladder !
Hey Did you do mba from M7/ivy league/ISB/IIMs full time? If no, then it can explain why some parts of this video are legit faulty. Please answer in yes and no . And no online certification from coursera please even if its provided by FT top 30 institutions.
Hey I liked your content please continue, right now I am finishing a masters in data science was thinking should I do a phd in data science (3 yrs in Europe) or do an MBA maybe in a good uni like INSTEAD or do a job here in Italy (salaries are less here).Here In Italy and Europe I see a trend of doing Phd as its a shorter duration and is paid similar to what we should get in a job. 1200 euros -1500 euro PHD , Internship is 800 euro-Job 1600 euros what would you suggest. Should I work here and try to come to USA to look for a job? im also from India an international student .How to make the decision not getting help from professors or peers. I am so confused right now I would even pay for a consultation on this :X
Hi Dheeraj, im happy to help if I can. Im not very familiar with the Europe job market, though. Can you reach out here ? www.linkedin.com/in/praveenkumar88
i dont understand wtf is there to teach, why you need a teacher, just read shit and contact experts only for a personal consultation.... thats the only reason why online courses are booming
One person's thoughts. Each one has to decide for themselves what is good for them. MBA provides networking opportunities which helps as an entrepreneur. This does not mean you need an MBA or even a Bachelors degree to start a business.
Hi Praveen, Glad to see your video. I have a doubt, if we want to switch our field of work isn't MBA the ideal thing since it would help us to get in most of the industries. I am currently working in IT for past 4 years and was thinking about getting an MBA to switch into something of my interest. Even if the courses or certifications you mentioned wouldn't get us an interview, does it?
Hi Krishna, Thanks for your comment. In my case, the MBA didn't help me because, when I graduated, the jobs I applied for required work experience in the relevant field in addition to education and degree. I get it now but felt blind sided then and hence made this video. I think my recommendation for those wanting to still pursue business school given their circumstance is: 1. Get a sense of what specific job/career you want to pivot to ahead of time. I made the mistake of being a generalist until my 2nd year. 2. Along with the education, also build up a portfolio which can double up as experience. Just my 2 cents and I hope this helps :) All the best.
Thankyou sir ,just want to know if online sources provide much of information, how do we start connecting with same minded people? Going to an b school gives an edge right? Hope you will reply ;)
Exactly, the professor who is in the A/C rooms and taking monthly salary may not know how to boost the business. And not even know how to handle the real time problems of a business. An ideal startup company owner with the establishment of 5 years in industry could be better teacher than a professor. At least you may save 20 to 60 lakhs of course fee.
Well the institute from where you do MBA matters the most!! If you do MBA from some stupid Chachawala Institute ..obviously your placement will be the same!!
Management career is the worst for foreigners, because you need 100% perfect English. You need highly tuned cultural and social feelers and an extraordinary insight into English, and it's use, tonality, etc. You also need to look the part. Especially Indians are short and don't look like some bronze-age hero. Managers are usually tall. If you think those things don't matter you delude yourself. It can work out, but it'll be harder for you. Technical careers are more objective. Your skills count more, and they are more quantifiable and growth in that field can be planned and managed.
Hey can u help me , i have completed my cs engineering in the year 2023 and currently a software developer and my interest lies in finance , i want to get into finance fieod and there is no other way i can think of other than doing mba through cat (as i am engineer) so i wanted to know whether there is any other way i can get into finance field ? Any course
No it won't get you a job. You still need referrals but are you even interested in stock markets. ? What kind of finance do you want to do ? IB, accounting , actuary , audit ,tax. Sit with yourself and ask what do you want to do in finance.
Hii I was about to step into my mba preparation (CAT )and this video popped up now I am really confused and in dilemma to do it or not i am 24 years old feels like i am stuck in middle of nowhere do you have linkedin can you share?
Don't be confused. If u are interested in business world and want to pursue career in it , then do it. First thing u need to be successful is determination.❤
Kuch bhi .... It isn't like that , not all students are already top notch technical guys, not all students have flying careers already , not all students are engineers ... For a bcom bsc or ba graduate not interested in the IT sector or typically in digital marketing , MBA still is a relevant way of getting an entry into the corporate world ... I don't understand how n why people generalise... Not all are looking for consultant jobs in bains or bcg or McKinseys of the world , there are students who shall be happy with an entry into the MNCs with a 12-15 lacs package , a very shallow viewpoint i must say .... India currently has a big youth base n many of them are stuck up at positions from where they wish to grow ... MBA is like a key to that padlock !
I have been preparing for UPSC since 5-6 years, unfortunately cnt clear it and graduated BCom in 2015, then Bed also 2018-20 I dont have any work Ex Please tell me What is best to start my own coaching as i have knowledge or SHould i Join MBA. Suggest me practical advice
I think you should start your own coaching for the upsc aspirants or a RUclips channel Or maybe you can do both coz you have deeply knowledge of a specific subject and you can teach them very well with your own experience
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
Adding links for the courses I took on RUclips + books i read :
1. Corporate Finance: ruclips.net/video/6oaw9U973s8/видео.html
2. Valuation: ruclips.net/p/PLUkh9m2BorqnKWu0g5ZUps_CbQ-JGtbI9
3. Marketing: ruclips.net/video/BPK_qzeH_yk/видео.html (I actually watched most videos by Seth Godin. He's amazing. He also has a blog: seths.blog/
4. Accounting: ruclips.net/p/PLSQl0a2vh4HAHUM1CLDf4YnxpX-WmxKZi (khan academy)
5. Worth watching this by Ray Dalio before taking a macro-econ class: ruclips.net/video/PHe0bXAIuk0/видео.html
6. Micro and macro-economics in detail: ruclips.net/p/PLAEA5E9ACA1508F92 (khan academy)
7. Case study method: ruclips.net/video/Tk9loFrl308/видео.html (Mihir Desai, Harvard)
8. Entrepreneurship - Nothing else needed except this in my opinion: ruclips.net/p/PL5q_lef6zVkaTY_cT1k7qFNF2TidHCe-1. I would also highly recommend Peter Theil's book: Zero to One
9. Investments: ruclips.net/p/PL8FB14A2200B87185 (Prof Robert Shiller, Yale). Not necessarily courses but I also like several of the "talks at Google": ruclips.net/user/results?search_query=talks+at+google+investing
10. This in my opinion is the best book on leadership/Management: www.amazon.com/High-Output-Management-Andrew-Grove/dp/0679762884
I didn't find good courses on Venture capital but learnt a lot working for a startup. carta.com/learn/collections/early-stage-founder/ has good documentation
If I remember anything else I have missed, I will add here as a comment :)
He is living in a bubble, when he says “all of them are extremely technical “ 😅
Very Insightful Praveen. I did my engineering from IIT Kanpur and gave CAT thinking that I will also land job in MBB like my other IITK friends, who did mba from IIM abcL. But even after getting IIML, I later declined the offer and decided to move forward into my analytics career, coz I want to start something of my own, youtube, or anything. I realized that I don't wanna get into this rat race again which will compel me to just work for clients, rather I wanna work on something that I love, for me peace of mind is more important than big money.
Can we connect?
Thanks for your comment Saurabh. I deeply relate to your comment. I hope everything works out for you and that you get the peace of mind and success you are looking for. I'm hoping for the same through this channel :) I followed your channel and wishing you all success and growth.
Great decision I also will be choosing mba in analytics as well coming from IT background
Key points:
1. The MBA's promise of helping to advance one's career or pivot into new roles is no longer as relevant in 2024. Online courses and real-world experience are now more valued by employers than an MBA degree.
2. The MBA fosters a mindset of encouraging people to parachute into and assume ownership of companies without practical experience or innovative thinking.
3. The MBA program lacks diversity of thought, with case studies promoting unanimous, conventional thinking rather than out-of-the-box ideas crucial for entrepreneurship.
4. The MBA experience did not provide practical, applicable knowledge as much as self-learning resources like RUclips videos on specific topics.
5. For those wanting to start something new rather than advance in a traditional career path, an MBA may not be as useful or cost-effective as free online resources.
He suggests reevaluating the need for an MBA degree, as free online resources and real-world portfolio experience are increasingly valued over a formal business education, especially for entrepreneurial pursuits.
If you pursue MBA from some Sh#t B school.. obviously you'll be placed accordingly!!
Thank you for the summary asI am not very comfortable in the English language.
searched for gold, struck a diamond
Glad it was useful. Thanks for watching :)
Pls do not say mba isnt worth it ... After all , even you pursued it finally from the US .. i completed my mba from a tier 2 way back in 2000 , it just took me 3-4 years to reach the level of my tier 1 mates ... I was earning a package of 30 lacs starting the year 2005 working for an italian private firm handling their india operations ... So pls dont diminish the importance of an mba ... Its just not a piece of paper, the confidence that it gives to you is for a lifetime ... And whether u pursue it or not , hardwork is all that finally matters... So all aspirants wanting to go ahead with their mba, pls do it... You shall definitely see the bonuses 5-7 years down the line, it shapes u into the person you should be , best wishes
Mam, i'm preparing for CAT and i'm also good in studies.
But i have seen ,most of the people talk about
How Corporate life is so bad.
Like is it too stressful.
I don't want to work for more than 8hrs per day.
@@SupremeReality Just to give you a sense of reality, most corporate jobs do surpass the 8 hour mark (not on a daily basis, but yeah it can be many times), especially post pandemic. That's just how it is.
Only people who work for 8 hrs or less are govt employees or RUclipsrs/Influencers (which is also really difficult to become now-a-days due to increased competition as everyone wants to become "content creators")
So yeah this is the reality of the world
@@Avt-b61 Then i think i should drop the idea of CAT.
As i can not work for 10 hrs everyday.
Maybe i should prepare for govt. Job.
@@SupremeReality not doing mba
@@SupremeReality government for better
"Wow, what an incredible real video! Your content is both engaging and informative, and it's clear how much effort you put into every detail. I love how you [mention a specific aspect you enjoyed, e.g., 'explain complex topics so clearly' or 'use such creative visuals']. Keep up the amazing work - I can't wait to see what you come up with next! Subscribed and excited for more! 👍"
Thank your Prajval! I'm so glad it was useful and you enjoyed it :) Your comment made my day.
Hi Praveen
I agree on your viewpoint, but would like to add another angle:
a. For a person who lacks strong determination while using free/paid online courses, these B schools are stringent with time and deadlines empowering person with sense of urgency and utilizing time effectively
b. For a person who may be introvert or as mentioned by you who is lacking mentor may be helped by peers and professors to get opened to different thought process
c. Coming from IT/any specialized sector and if want to get overall view of other domains in structured way (though practical relativity of curriculum could be subject of debate) which further can be complemented with free resources available make little sense?
Hi Pradip,
Thanks for watching and for your thoughtful and kind comment.
I made this video because I noticed there was very less content on RUclips making the points I make based on the MBA experience I had. There were so many other videos which explained the positive view of the MBA (some of which lead me to take the leap and do the MBA in the first place) but was surprised to find there were few videos explaining the opposite point of view. I made this video mostly for my younger self who could have benefited from hearing another point of view.
To your specific points:
a) I fully agree with point (a). Additional points/caveats: I think I did not have the determination that I think I have now but at the time, even if I did, I would not have known where to look which was one of the points of the video. Now there are way more free/paid online courses but I feel there is lack of awareness of them. Hopefully as these platforms evolve there will be more awareness of them and people can decide whats best for them.
b) I would have loved to get mentorship by professors and peers but I didn't get much. Not sure if MBA in India is different but at UW where I went, I personally found no time for mentorship because we were all so busy with coursework, exams and projects. I hope this changes in the coming years and is also better in India.
c) Good point about (c). I think my point was that you could also learn these through practical experiences (like joining a start-up, courses etc.) but point taken that the MBA gives structure and a process for learning.
Thanks again for your kind and thoughtful comment. I really appreciate you took the time to give a thoughtful critique to my video. I will try and incorporate some of the feedback in the next videos I make :)
I already knew all of it. Many ppl have one of ur regerts at least who regert doing it. For me ,I think an MBA was worth it. I met amazing people who helped me a lot and achieve higher heights in career .
Thank for the resources but I have a couple of questions for you:
1. You mentioned that the MBA program encourages a "managerial class and bureaucracy" that can inhibit innovation. Could you expand on what specific aspects or coursework in the MBA promoted this mindset? Are there any reforms you think could be made to MBA programs to better foster entrepreneurial and innovative thinking?
2. For someone early in their career who is unsure if they want to follow a more traditional corporate path or an entrepreneurial path, what advice would you give them? Is there still potential value in an MBA if approached with the right expectations, or would you steer them entirely towards self-learning resources and building a portfolio over getting a formal business degree?
Thanks for the comment. I will try and answer below:
1) I can give a few examples for this:
a ) Example 1: The ESG movement (en.wikipedia.org/wiki/Environmental,_social,_and_governance ) was picking up steam in the USA when I was in business school (www.nytimes.com/2021/11/13/business/dealbook/business-schools-esg.html). This was referenced in multiple classes throughout (economics, marketing etc.). The short version of ESG is that companies should not only serve the shareholder and customer (primary reason for a business to exist) but also needs to cater to stakeholders (environment, DEI etc.). This manifested in some interested ways in classes. In some case studies, we were asked to look at a business not just from how innovative they were but also how they satisfied "corporate social responsibilities". This in my opinion lowers innovation because the share value is determined by subjective, qualitative factors and not just the quality of product/service.
b) Example 2 - How a company performance is measured is defined in business school classes and this influences innovation: A public company performance (atleast in the US) is measured in part through EPS (Earnings per share). A stock buyback reduces the number of shares with a negligible effect on earning. For eg. Apple is sitting on $70B in cash, only about 2.5% of the total value of the company. They have a list of things they can do with that money - acquisitions, investment in new products, cost savings projects, etc. If the company is incentivized towards innovation, they would focus on new projects but often we see Apple buy back stock to return the money to shareholders.We also see this now with earnings reports too. A lot of companies buying back stock instead of investing on R&D. This maybe short term win but don't think its a good long term strategy.
I think the reforms need to be in corporate Governence (pcg.law.harvard.edu/courses/). In OG capitalism, there was a direct relationship between the founder (company owner for eg) and customer. But MBA and Law school introduced professional manager for scaling reasons. The founder is incentiviced for increasing profits but the manager is incentivized for increasing salary and sometimes there seems to be a conflict of interest (www.core-econ.org/the-economy/microeconomics/06-firm-and-employees-03-separation-ownership-control.html). Perhaps there can be reforms to incentivize the manager to care about profits too. This is already currently done in startups but hard to do in large companies. Not currently sure of the reforms in business school education to change that. Perhaps if more CEO's don't go to business school (a16z.com/why-we-prefer-founding-ceos/), maybe they will be forced to rethink the syllabus.
2) Thank you for the thoughtful question. When I applied for business school, I was honestly in that scenario where I was unsure whether I wanted to climb the corporate ladder or pursue entrepreneurship. I have 2 thoughts:
a ) Looking back, I really wish I had a mentor who could have guided me and shown me what execution of either of these looked like, not just the ideas and glamorous parts of it. That would be my first advice - talk to 2 people you look upto and get inspired by - one entrepreneur and one person who has climbed the corporate ladder and ask them the un-sanitized good and bad of both. Ask them the mistakes they did and how much they also had to sacrifice for their goal. Then you decide if you are okay with the sacrifice and the hardship of either and then decide. Sometimes we just see the good and make decisions out of it. Each decision has trade-offs. You have to decide which upsides and downsides you can handle and decide accordingly.
b) This may not be possible for everyone but I feel the entrepreneurship angle might be easier to "test" out than the corporate path to see if you like it and honestly if you are meant for it (because i don't think its for everyone). If you have time, you can start a side hustle outside of your corporate career. It can be a RUclips channel or blogging platform or selling some service you are good at. This can be very cheap to set up (and some of them like RUclips completely free!) and earlier in your career, you have a lot more time and you can actually see if you like selling your service or good, making accounts, hiring people etc. I know many people who wanted to be entrepreneurs and then realized once they were "in the arena" that maybe they did not have the aptitude for it. I wish I had done this when I was younger even with this RUclips channel. I love it so much and would have learnt to do this instead of trying to climb the ladder. Its much harder to "test" climbing the corporate ladder because there are so many things outside of your control.
Hope this helps :)
Thank you very much for the very kind and thoughtful questions. It really made my day. You have inspired me to make some videos on this later and also subscribed to your channel :) All the very best to you.
That's very nice of you to take out the time and write a very detailed answer. Looking forward to watching more meaningful content. Hope your channel grows quickly and goes on to achieve new heights.
Thanks so much. Also, if there is any particular topic that you would like to know more about, let me know in the comments, and I will try and make a video on it in the coming weeks :)
thank you for sharing your experience.
You are welcome 😊
Yeah, I completed my MBA in December. I have not seen any real opportunities that did not require starting at a lower level since I had an engineering undergrad degree. The one thing in my favor is that law school is my next upcoming goal, and having the MBA can complement me a tiny bit. I am also fortunate that I did not get into a program that put me in much debt since I was able to both cash-flow it and get a little bit of help from work.
Even my life has been ruined bcoz of MBA , most of the employers don't want a PG student Rather they want a simple degree job
In today's world MBA is worthless nowadays
Thanks a lot Praveen
Welcome :)
For me i need to have a job which will probably be after MBA (college placement) or consultancy or else . As i m just a english graduate with no skills in hand . Yes i was in topper list at NCC and i think it will somehow help me to step up the ladder !
Thanks Man for all the links and useful knowledge.
Great insights. Keep going!
very well put, thanks.
Welcome :)
Hey
Did you do mba from M7/ivy league/ISB/IIMs full time?
If no, then it can explain why some parts of this video are legit faulty.
Please answer in yes and no . And no online certification from coursera please even if its provided by FT top 30 institutions.
in one of the video comments sir said he did it from the university of washington what do you have to say about it?
Hey I liked your content please continue, right now I am finishing a masters in data science was thinking should I do a phd in data science (3 yrs in Europe) or do an MBA maybe in a good uni like INSTEAD or do a job here in Italy (salaries are less here).Here In Italy and Europe I see a trend of doing Phd as its a shorter duration and is paid similar to what we should get in a job. 1200 euros -1500 euro PHD , Internship is 800 euro-Job 1600 euros what would you suggest. Should I work here and try to come to USA to look for a job? im also from India an international student .How to make the decision not getting help from professors or peers. I am so confused right now I would even pay for a consultation on this :X
Hi Dheeraj, im happy to help if I can. Im not very familiar with the Europe job market, though. Can you reach out here ? www.linkedin.com/in/praveenkumar88
Man. Thank you so much.
i dont understand wtf is there to teach, why you need a teacher, just read shit and contact experts only for a personal consultation.... thats the only reason why online courses are booming
nice video, which country are u in right now ?
Thank you :) Im in the US
One person's thoughts. Each one has to decide for themselves what is good for them. MBA provides networking opportunities which helps as an entrepreneur. This does not mean you need an MBA or even a Bachelors degree to start a business.
Hi Praveen, Glad to see your video. I have a doubt, if we want to switch our field of work isn't MBA the ideal thing since it would help us to get in most of the industries. I am currently working in IT for past 4 years and was thinking about getting an MBA to switch into something of my interest. Even if the courses or certifications you mentioned wouldn't get us an interview, does it?
Hi Krishna, Thanks for your comment. In my case, the MBA didn't help me because, when I graduated, the jobs I applied for required work experience in the relevant field in addition to education and degree. I get it now but felt blind sided then and hence made this video. I think my recommendation for those wanting to still pursue business school given their circumstance is:
1. Get a sense of what specific job/career you want to pivot to ahead of time. I made the mistake of being a generalist until my 2nd year.
2. Along with the education, also build up a portfolio which can double up as experience.
Just my 2 cents and I hope this helps :) All the best.
@@TrainWithPraveen Thank you😊
No links in the description mate!
I added as a pinned comment. Thank you!
What if someone is bad at math? This realization is holding me and scared of choosing the wrong degree
Just practice and don't think too much, you can do it
U CANT AVOID MATHS LEARN IT AND DO IT
You can do it! Just keep at it.
500th Subscriber congrats way more to go..! all the best, you are doing a great job.
Thank you :)
Currently i m in 11th grade in commerce stream, but after 12th i want to do mba
Thankyou sir ,just want to know if online sources provide much of information, how do we start connecting with same minded people? Going to an b school gives an edge right?
Hope you will reply ;)
Hey, I think you forgot to add the links from which you learnt many things; Looking forward :)
Thanks so much for reminding. I have added all my recommendations as a pinned comment. I hope thats useful :)
Real business learning comes from business that are around us just talking to the business ppl gets u real understanding
Exactly, the professor who is in the A/C rooms and taking monthly salary may not know how to boost the business. And not even know how to handle the real time problems of a business. An ideal startup company owner with the establishment of 5 years in industry could be better teacher than a professor. At least you may save 20 to 60 lakhs of course fee.
well said!
the video would have been much better if there was no music in the background, it is very distracting
Thank you for your feedback. I will work on this in the future 🙂
Sir , I'm pursuing B.A 2nd semester, can i do it ??😢
Sir i am from a BBA background can i make a good carrier without a mba?
Which b-school did u go to?
University of Washington Foster School of Business.
Thanks. Means a lott
Should i pursue an MBA ,btw im a btech final year student from tier 4 college with no experience of corporate....
yes ig becoz you dont have any opportunity which college should provide
After bcom what do you suggest. MBA or MCOM ?
MBA from iim is a great option
Thank you
You are welcome 😊
Good thank you
Being a sde gives more freedom compared to mba i believe
Well the institute from where you do MBA matters the most!! If you do MBA from some stupid Chachawala Institute ..obviously your placement will be the same!!
Management career is the worst for foreigners, because you need 100% perfect English. You need highly tuned cultural and social feelers and an extraordinary insight into English, and it's use, tonality, etc. You also need to look the part. Especially Indians are short and don't look like some bronze-age hero. Managers are usually tall. If you think those things don't matter you delude yourself. It can work out, but it'll be harder for you.
Technical careers are more objective. Your skills count more, and they are more quantifiable and growth in that field can be planned and managed.
I got admission in IBS Hyderabad for MBA. What is the current scenario of placements and is it worth to join?
IBS has an intake of like 1500 in a single campus plus thr 20 lakh fees so think about it
@@digbijoy5986 OK, 🤔🤔🤔🤔
Placement scenario is bad ,
@@barkhasood7437 😲😲😲😲
@@barkhasood7437 😲😲😲😲😲
Hey can u help me , i have completed my cs engineering in the year 2023 and currently a software developer and my interest lies in finance , i want to get into finance fieod and there is no other way i can think of other than doing mba through cat (as i am engineer) so i wanted to know whether there is any other way i can get into finance field ? Any course
Could you reach out at www.linkedin.com/in/praveenkumar88/ ? I will try and help out.
Cfa
@@35pri2ish thinking to start prepare , can level -1 get a starting job? or do i need to complete all three?
No it won't get you a job. You still need referrals but are you even interested in stock markets. ? What kind of finance do you want to do ? IB, accounting , actuary , audit ,tax. Sit with yourself and ask what do you want to do in finance.
@@35pri2ish mainly into stocks and valuations
Hii I was about to step into my mba preparation (CAT )and this video popped up now I am really confused and in dilemma to do it or not i am 24 years old feels like i am stuck in middle of nowhere
do you have linkedin can you share?
www.linkedin.com/in/praveenkumar88
hey, i am in a similar situation, did you find something useful?
Don't be confused. If u are interested in business world and want to pursue career in it , then do it. First thing u need to be successful is determination.❤
Looking forward to connect with you :)
MBA done from IIM is not worth???
Kuch bhi .... It isn't like that , not all students are already top notch technical guys, not all students have flying careers already , not all students are engineers ... For a bcom bsc or ba graduate not interested in the IT sector or typically in digital marketing , MBA still is a relevant way of getting an entry into the corporate world ... I don't understand how n why people generalise... Not all are looking for consultant jobs in bains or bcg or McKinseys of the world , there are students who shall be happy with an entry into the MNCs with a 12-15 lacs package , a very shallow viewpoint i must say .... India currently has a big youth base n many of them are stuck up at positions from where they wish to grow ... MBA is like a key to that padlock !
@@barkhasood7437 mam kya hme free time bhi milta h. Or bhi chizo k lie.
@@SupremeReality top iim mein nahin , tier 2 mein mil jaata hai
hi, thanks for your video.
Thanks for watching :)
Bado badiii
Why did you ignore MBA HR ? With economics 😂😂😂😂😂
I have been preparing for UPSC since 5-6 years, unfortunately cnt clear it and graduated BCom in 2015, then Bed also 2018-20
I dont have any work Ex
Please tell me What is best to start my own coaching as i have knowledge or SHould i Join MBA.
Suggest me practical advice
I think you should start your own coaching for the upsc aspirants or a RUclips channel Or maybe you can do both coz you have deeply knowledge of a specific subject and you can teach them very well with your own experience
@@sakshiyadav1110 thnxxx
Takes Guts to say the truth out allowed
Thank you.
Very good insights
You should have start preparing for a govt job!!
0:40 I taad
Bhai kaha se MBA ki?
University of Washington