IIM Ahmedabad Professor On The Actual Value of An MBA Degree
An MBA is a huge investment: top management programs in India can cost over 30 lakhs, not including the opportunity cost of investing one to two years into an MBA degree. So, is such a massive time and monetary investment really worth it? What does formal education in the form of an MBA add to your career? How will it be of use to you 40 years down the line? What are you going to do with your MBA degree?
In this video, we dive into a discussion with Dr. Tarun Jain - a professor of Economics at #IIMAhmedabad - on what is the true value of formal education in a country like India, and what it adds to your professional and personal life.
Dr. Tarun Jain also talks about why a subject like Economics is taught in an IIM classroom, and shares two important things he feels every MBA student should stand behind and be a proponent for. Professor Jain also talks about why we need to get out of the competitive mindset that is found commonly in our country, and how faculty at IIM Ahmedabad goes beyond the curriculum to instill good values into their students.
Finally, Dr. Tarun Jain - who has PhD in Economics - shares his take on the idea of free vaccination for the country, and shares what he would do if he were the Finance Minister in the Union Cabinet of the Indian government.
#COVIDVaccineIndia #IIMProfessor
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Recommended For You:
1. Meet The "Coolest Professors Ever" At IIM Ahmedabad: bit.ly/3uRbUzB
2. How Chirag Tibrewal Cracked CAT And Made It To IIM Ahmedabad: bit.ly/3uRaQeT
3. What Will You Do With Your Education? | The Ambitious Indian: bit.ly/3hs7hYX
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If you don’t want to miss any of our videos, all you need to do is join us on WhatsApp. Click here to join - bit.ly/_whatsappupdates Recommended Reads: 1. Meet The "Coolest Professors Ever" At IIM Ahmedabad: bit.ly/3uRbUzB 2. How Chirag Tibrewal Cracked CAT And Made It To IIM Ahmedabad: bit.ly/3uRaQeT 3. What Will You Do With Your Education? | The Ambitious Indian: bit.ly/3hs7hYX
One of the best sessions I have seen so far. We need more professors talking here. The way he speaks and the level of knowledge he is sharing, is what we crave for. So much to learn here.
@tanmoybag872
3 жыл бұрын
The reality is completely different ....those who are in system they can't speak against it but yes college is good for MBA in terms of educational quality but that doesn't mean the proffesor or environment is top notch. The reality are know by scholars( PhD scholars) but they can't go against the system.Their degree will be compromised
Content is the king. No wonder why IIM a is so amazing they got amazing people like him.🔥
@InsideIIMKonversations
3 жыл бұрын
Good point Binit. Institutes are made great by the quality of their professors.
@tanmoybag872
3 жыл бұрын
There are many more stunning, mind blowing much younger faculty in other institute ....like jnu, iisc ( school of management ), iiit-B,etc People don't know the reality in initial stages ....
Fondly remember taking his econ class at ISB. An amazing Prof!
@nocode659
3 жыл бұрын
Pls share how you got isb
A very wholesome discussion, not just limited to MBA and it's benefits but also includes some points around public policy. Thank you team!
@abhisheksaha8526
3 жыл бұрын
Wholesome Sanidhya, thanks for sharing this.
@sanidhyabindal845
3 жыл бұрын
@@abhisheksaha8526 ye tum logo ki vajah se ab thode din tk bar bar wholesome bolta rhunga, jaha fit nhi hoga Vaha pr bhi 😂
@TheSudhanshu1982
2 жыл бұрын
It's knowledge, and we are living in Golden age, you just need curiosity to learn anything. I never go to college forget IIM and learn everything from Google, now I own an analytics company and we usually hire IIM and LSE.
Talent is everywhere but opportunities not........ amazing man , great.............. perfectly suits for the current scenario in different different contexts.
A must watch discussion for every professional.
Fantastic interview!.. Thank you insideiim for this discussion!
Very beneficial session given by inside iim. This will help many of the students who are preparing for cat.
Awesome explaination..I am glad I am joining IIM A this year..
@myronp5764
2 жыл бұрын
How much percentile u got in Cat 2020?
Thanku professor for giving us such a insight ful knowledge
Fruitful discussion. Kudos to you 👏
He is one of the best prof. of IIM Ahmedabad.
Thanks a lot for this video.
I really inspired by your opinion that healthcare management investment and their productivity of life 💗
1. Fundamental frameworks 2. Exploration in different domains 3. Peer network
Great insights Sir .. 👌
@InsideIIMKonversations
Жыл бұрын
Thanks and welcome
Thank you sir for come on board and suggesting us.
@InsideIIMKonversations
2 жыл бұрын
Thanks for the positive feedback
Every student deserves such professors as they will going to mold the entire future of India.
@InsideIIMKonversations
2 жыл бұрын
Thanks for this feedback!
@aadityakumar3344
2 жыл бұрын
@@InsideIIMKonversations bring such professors more often on your channel.
I haven't yet received a concrete answer for value of MBA except job if compared MBA with law for example on a personal level
We always talk about giving equal opportunity to everyone here the criteria of iim heavily dependent upon old acads and below average income families folks have mostly less thn 80 in 10-12
He diverted the point, IIMs are not for students belongs to lower income background.
Is the interview being conducted at 4:30 A.M. in the morning?
@InsideIIMKonversations
3 жыл бұрын
While we love making content for you guys at all hours, shooting this at 4:30am would be putting Prof Tarun Jain through a little too much trouble. So we shot it in normal working hours itself.
❤💖
Will you interview in Iim lucknow also
1. How do frameworks remain same? Cryptos and NFTs have disrupted traditional investing. Hence the skepticsm with it because it doesn't follow the frameworks. Social media have disrupted traditional marketing. Companies like bewakoof and WOW are destroying known clothing brands and HUL like companies in resp. domains. 2. Networking is not a problem in today's world there is discord, twitter, LinkedIn. 3. Statistics/ Economics should be made main stream by great professors like you... You need to keep putting videos and lectures on YT... NPTEL is quiet boring. The whole point of education today is making it interesting and not boring.
@princereddy4887
3 жыл бұрын
He is talking about much deeper frameworks
@rohitgandhi4991
3 жыл бұрын
@@princereddy4887 you dnt have time for that during MBA. You are loaded with info.
@princereddy4887
3 жыл бұрын
@@rohitgandhi4991 yes that is right especially in Indian b schools
@rohitgandhi4991
3 жыл бұрын
@@princereddy4887 they are so busy doing age old case-studies that they forget the essence of learning... And moreover when these people come out in the market they fall flat on their face because it is way difficult for them to get acquainted with the human part of things which is not covered in those case-studies
@princereddy4887
3 жыл бұрын
@@rohitgandhi4991 true most fail to understand the essence of the case studies
I certainly understand the need for building opportunities for the underprivileged classes (be it based on caste, gender or other bases). But, we see that the provisions made for the same often undermine meritocracy( reservations for example). How do we strike a balance? where competence is valued overall with provisions made for the above-mentioned inequalities. Are there any systems/processes which show such promise?
Formal education does not do that. Whatever you said. Especially in school.
why he has not joned audio fooling public??
I have scored 93%in 10th and 85% in 12th and yet to complete my graduation from plain bcom. How much should I score in CAT to get main IIMS?
@cric6007
3 жыл бұрын
Research from various sources but don't just blindly copy paste others strategy . Make your own strategy .n
@ankitadas9346
3 жыл бұрын
99
Not impressed. You haven't asked the professor real questions.
@InsideIIMKonversations
3 жыл бұрын
Hi Saurabh! Thank you for your feedback. What kind of questions would you like for us to incorporate in our upcoming interviews with professors?
Institutes like IIM and IIT are just ❤️
@harmitrajyaguru2031
3 жыл бұрын
It's just hype the important thing is that this all should start from our schooling days just a 2 year of degree cannot make a great impact in our life
@Divyanshu-on8uz
3 жыл бұрын
@@harmitrajyaguru2031our education system is messed up brother , if u see abroad there are a lot of universities which give good competition but here for example in engineering except IIT, NIT, bits , IISC , and little more gov colleges are only better . Rest other colleges are just minting money in the name of education.
Around 80% candidates and high number from IIM as well remain unemployed
@kosi_99
3 жыл бұрын
Bhai kya khujli hui tere jo aake announce kara tune ye? 90% sab employed honge
@sanujitroy6830
3 жыл бұрын
@@kosi_99 saram nahi aata hai kya? News parna aata hai, abhi majority unemployed hai
@kosi_99
3 жыл бұрын
@@sanujitroy6830 Abbe puri economy hil gayi h. IIM graduate ho ya Harvard kisi ka pakka nhi h. Sabki job khatre m aayi h. Aur tuney kya kara h jo aake India k best college k alumnis ko judge kar rha h? Agar aaj ki India m kisi k paas unfair advantage h to vo iim ABC ke graduates hi h
@sanujitroy6830
3 жыл бұрын
@@kosi_99 kuch toh saram kar, ek oxygen concentrator banana nahi aata hai, vaccine produce karna nahi aata hai aur iim batata hai, iim paida hua tha society ke bhala ke liye, detergent bechne ke liye nahi
@kosi_99
3 жыл бұрын
@@sanujitroy6830 bhai iim h ye. Business seekhte h yahan. Engineers ya scientists nhi h. Ganja aur judgement thoda control m karo. Sharam thodi zada