Are You Truly Ready for an MBA ? Take This Self-Assessment First!

An MBA degree is a career accelerator and a ticket to bigger career opportunities!! But with an average dropout rate of 15-20%, business school is not for everyone. So, are you truly ready to take the plunge?

Let’s find out!

Consider this your ultimate MBA self-assessment, because diving into an MBA course without a game plan is like jumping into a pool without checking if there is water!!

MBA self-assessment 1 – Check Your Finances – Can You Afford the Business School?

An MBA degree can be pricey! So ask yourself: Do I have a financial plan? A sponsor? Scholarships? Or is my bank account already crying?
Make sure to review the fee structure and assess whether it aligns with your financial capacity before moving forward because we all know business school preparation is not just about hitting the books; it is also about managing your wallet!!

MBA self-assessment 2 – Analyse Your Abilities – Are You Ready for the Challenge?

An MBA course is no joke. It is packed with assignments and group projects!
Before you dive into the MBA journey, ensure that admission committees have their eyes on your past work experience. You need to chat with program alumni to get the inside scoop and then you can figure out the ideal time to hit the ‘apply’ button!
Also, before joining the MBA course, assess your skills. Ask yourself – Are you good at managing time? Leading teams? And Handling pressure? If ‘Yes’, congratulations, you are already halfway to business school success!!
But, if the answer is ‘No’, maybe brush up on your soft skills before applying.

MBA self-assessment 3 – Why Do You REALLY Want an MBA? (Be Honest!)

Take a moment to really think this through – “Why Do You REALLY Want an MBA?” Because trust me, every business school will grill you on it!! They want to see a rock-solid career goal and a career vision of where you see yourself in the next five to ten years.
Are you here for an MBA career goal, and real learning, or just because your boss told you to? The right reason will keep you motivated during your MBA journey.
And if you are just here for the ‘MBA’ tag, rethink your approach!

MBA self-assessment 4 – What Kind of MBA Suits You?

Are you looking for a business school success strategy or an MBA program selection that’s more niche, like STEM or Finance?
Making the right choice is crucial for your MBA career goal. If you pick the wrong one, you might end up mastering something you don’t even enjoy!!
Each university is unique, and every student has different preferences. Before making your final call, do your homework on placements, certifications, salary packages, and, of course, the B-school’s location. After all, the right MBA program selection can make all the difference in your business school success and MBA career goals!