After we created this video, tech and IT firms started laying off employees en masse. So along with voluntary exits that we cover in the video, there are now lakhs of fired techies who'd be looking to re-skill and prepare themselves for competitive, high-paying jobs when the economy bounces back. And we're not even considering the jobs that'll be lost due to AI tools such as ChatGPT and Bard. How do you see the scenario for tech professionals unfolding in the coming years? What can they do to stay relevant and in demand?

@laukikkathe574

Жыл бұрын

Being an SME in their current line of work(app knowledge) and upskilling to new tech could be one of the ways to thrive. Basically a person who has knowledge of both old legacy tech as well as new tech is going to be in demand.

@sameer-kamat

Жыл бұрын

@@laukikkathe574 That's a good strategy. Before the turn of the century, people said COBOL and mainframes are dead. But Y2K ensure their longevity for a pretty long time. Ditto for SAP R2 to R3 migration experts.

What did you think of this video? A 'like' will make us happy, and a comment will make us happier. Feel free to post your queries.

CEO Salary- 50 crore per annum without taxes Entry Level Salary- 5 lakh per annum with taxes (If lucky enough) That answers the entire question.

@MBACrystalBall

Жыл бұрын

You're spot on about the entry level salaries. In fact, as you've pointed out, many won't be that lucky and have to settle on lower starting compensation. But CEO salaries aren't that high for the majority. A few star performers may get it, but many won't. All in all, salaries are definitely a reason for the quitting phenomenon, but there are other reasons too. Btw, are you into IT/Tech? How do you see the future unravelling for those who want to continue in the industry?

@utubefreak7167

Жыл бұрын

@@MBACrystalBallI’m also in the IT industry, until and unless a person is highly skilled in automation, they won’t survive.

@MBACrystalBall

Жыл бұрын

@@utubefreak7167 Correct. The fast paced changes in the IT industry makes it tougher to stay relevant for too long, if the employee doesn't proactively trying to stay ahead of the curve. Has your company been affected by mass layoffs or is it relatively better shielded?

I am happy to say that I have got an admit into Vlerick and SRH Berlin. I wanted your advice on where I should accept. My end post graduation is to work in the tourism sector. Since Germany has a very strong and stable economy with good average pay I prefer to work there. I know for that I would ideally have to select SRH. However given that Vlerick has a good ranking I don’t want to loose that either!

@MBACrystalBall

Жыл бұрын

Congrats on the multiple admits! Quick question. Have you considered the implications of language and cultural familiarity? Since you're targetting tourism, both these become important.

Second challenge is many in 30s already have MBA from average tier schools which do nothing to enable to move top career ladder. Secondly india mba programs lack or no customized program to upskill to up their game

@MBACrystalBall

2 ай бұрын

Good point about the average MBA degree becoming a liability over time, and limiting good employees from gaining access to better opportunities.

This is visible in other industries as well as G&A functions

I differ on the observation that jobs were cut during pandemic in tech industry. On the contrary, tech firms overhired and there was a jump in salaries because were people holding multiple offers. The higher salaries were not sustainable and hence the layoffs.

@MBACrystalBall

Жыл бұрын

That's the general perception everyone has based on how it's been portrayed in the media of late in the aftermath of the big bang layoffs. And the narrative suits the companies doing the layoffs too. But it's over-simplistic and not entirely accurate. If you track the data during the pandemic, many companies had already started laying off employees foreseeing a slowdown. For instance, in 2020, Uber fired 25% of its workforce. Lyft laid off 17%. Startups also had started laying off. Like healthcare startup Cure.fit fired 10% of its employees. WeWork fired 20%. Zomato, AirBnb, Swiggy, TripAdvisor also joined the club. And all these are just in India. Globally, the number is higher. The trend that started during the pandemic just got worse after it ended.

I recently resigned from my IT job to pursue MBA. The senior management who hardly has any touch with project level employees is behaving in a passive aggressive way, givin me unnecessary justifications how the company culture is transparent and they have helped many people with insurance during covid and not layed off anyone during that time... that I should have told them my higher education plan 4-5 months ago and not directly resigned just after getting admission offer. Is this attitude common in Indian IT companies management level? They even try to make us feel guilty for resigning for better career prospects, even MBA in the case of studies.

@MBACrystalBall

Жыл бұрын

Unfortunately, this attitude is quite common. What you did was completely justified. Shouting about your higher education plans before they fructified is never a good idea. Doing would've just changed their attitude towards you much earlier, making life tougher for you in the last few months. How much was the notice period, and did you follow the contractual process for resignation? What was your primary reason for going for an MBA, and which bschool are you joining?

Hi Sameer. Hope you’re well. I’ve admits from INSEAD and Ross. I do not have a strong preference for a certain geography but I do feel that US opens up opportunities and has higher pay scales. I’ve credit risk experience for 4 years and a year of consulting experience and I’m looking to move into a strategy role. I would really appreciate your advice on what could be a better option

@MBACrystalBall

Жыл бұрын

Congrats on the admits! A few quick questions to understand the context better. What score did you apply with? Did you get any scholarship offers? Which other schools did you apply to?

@aashanamehta2698

Жыл бұрын

@@MBACrystalBall Thankyou! I applied with 740. I have no scholarships. However, I don’t intend to make decision based on scholarships. I had other admits from Cornel, Marshal, LBS which I’m not considering.

@MBACrystalBall

Жыл бұрын

Thanks for the clarififcations. The choice would come down to what you prefer between a consulting career vs broader set of opportunities. For the former, there's no doubt INSEAD would be a fantastic choice, considering the sheer number of students who get into top tier consulting firms. However, here's another aspect to think about. A majority of MBA students start off by aiming for consulting. But along the way, they realise that their MBA can give them access to a much broader (and possibly more interesting) set of career options. If you'd want to leave that option open, Ross is a better bet. Other than being in the US, it's also a longer program that fits well with your current level of experience. It gives you more time (a whole extra year) to experiment and get your hands dirty before making a commitment to one career. Do those perspectives help?

@MaxPayne-fi1mz

6 ай бұрын

​@@aashanamehta2698Hey bro, what's your profile? Did you get your graduation from Tier 1 institute? Or are you a second mba applicant?

Hello Sameer, I really do appreciate the content you and your team are putting out. Feels like having an experienced big brother. I just want to know perspective of how people take a massive step by opting for MBA in USA which only gives them one year of OPT? What happens if they don't get picked during the lottery? How will they manage paying back the fees during that one year tenure ? I am asking this question because I am too planning for MBA but cannot decide the location whether do it in India or go abroad.

@MBACrystalBall

Жыл бұрын

Thanks for the kind words, Adithya. You raise a good point about the risks. There are several ways to mitigate them, depending on how you prioritise them. 1. If the RoI is a concern, the bschool selection process could include more programs where you're likely to get scholarships. 2. If OPT duration is a concern, you can apply to STEM MBA programs which offer more breathing space. 3. If the duration seems too long, there are one-year MBA options that deliver a similar bang for the buck making the cost/benfit ratio look more attractive. 4. If US itself seems risky, there are other countries to explore. Does that give you a little more elbow room and confidence? Which industry do you work in currently? And how many years of experience?

@k.adithya7994

Жыл бұрын

@@MBACrystalBall I really do appreciate immediate response, Thank you. I am 2019 passed out mechanical engineer. 2019 studied for government exams, failed every single one of them. Wrote every exam, did not have clear cut plan. In 2020 covid happened. Could not land any jobs. In 2021, I got a job as an Engineer in an oil and gas engineering company and worked there for 8 months till Dec 2021. Project management, field job, 1 Sunday holiday in a month and 10 festival holidays in a year. The pay was good for fresher but the work life balance was bad. Kept comparing this to IT fields where my friends went on trips and were living eventhough they hated their job role as well. Could not withstand this any longer. So I resigned. In 2022 I wanted to get into data field to see how I how technical jobs actually are and also saturday/sunday holidays. I worked as intern for 10 months, did not like it that much. Reason being I liked client facing roles, being around people. That is what missed big time from my previous job role and then the realization happened. I took 10 months because you have to really sink it all in to really experience the job role, 3 and 6 months won't do any justice. In 2023, I tried my level best to get into Business Analyst field but couldn't In the month of february, I got into IT sales as Business Development Executive. The role is still related to tech. I am liking the role of finding the solutions part but not so much on achieving the target part. Little bit stressful but keeps me on feet. Liking it pretty much. So my total experience comes down to 1 year. I know it is not a lot but I wanted to start my preparation. Please tell me if it's feasible for me to pursue MBA abroad or just clear CAT and do an MBA here. Or Wait, gain another 2 years in this field, build my profile and try my shot abroad. I am an average student from school till college when comes to academics or extra curricular activities. Nothing great to mention here. The reason I wanted to do an MBA is to experience the abroad education and much likely settle down. I wanted to get into tech consulting or PM jobs. I am really confused on what do next. Requesting your expertise on this. Thank you in advance.

@MBACrystalBall

Жыл бұрын

Seems like you've spent a considerable amount of time experimenting and trying to find the right fit. From govt exams to all the short stints across multiple roles. Given that context, it may not be a good idea to continue experimenting on the academic side till you gain some stability and continuity on the professional side. Even if you push yourself and get into a top bschool, the part will stay on your resume and become an uncomfortable discussion item in every interview. Would you agree with this line of thinking?

@k.adithya7994

Жыл бұрын

​@@MBACrystalBallyeah, you are right, my guy. The bright side is that I know where I fit. The bad side is it came with a hefty price. At the end of the day you are the sum of your choices, right.

@MBACrystalBall

Жыл бұрын

True. Without the trial and error, it can be difficult to know what works and what doesn't. Thankfully, you are now better aware of both.

SAP Consulting is one of the shittiest jobs you can think of.

@MBACrystalBall

Жыл бұрын

Interesting how quickly tech skills get redundant. SAP used to be among the hottest skills on the tech scene. SAP training was booming in India. Companies were offering double the regular salary for anyone who even mentioned the three magic letters on their resume. Now, it's become a commodity. Do you work in SAP consulting?

@partha.sarathi

Жыл бұрын

@SaptarshiGhosh13 I can feel you bro.

@partha.sarathi

Жыл бұрын

​@@MBACrystalBallSAP Consulting also needs an MBA at one point of time.

@rajesh_shandilya

Жыл бұрын

I don't agree with the word shittiest that too with SAP in current scenario. Its still one of the best consulting area, yeah it depends on what profile or client one has worked with. Its highly exciting at times, when you get clients with complex requirements. Every IT MNC has one of the largest revenue from SAP projects and SAP itself is upgrading and adapting multiple new technologies whether it be Cloud, AI, Blockchain, UI/UX, DB etc

Sir I have just finished my second year of bba, my specialisation will be in marketing and am currently working for a company part time as strategist for social media also have have contractual 4 months experience with a US based startup in marketing. So by the time my bba degree is over I would have almost accumulated 2 years worth of experience by then. Do you think this experience would be counted if I apply for universities abroad for MBA after i graduate? Also I’m confused whether I should stay in india for more time and get experience then try for an mba abroad or should I try get into an mim course in Germany right after my bba. I personally don’t enjoy my current job much so the mim degree excites me as I can go for it after one year only instead of working more years here in india where I don’t fancy the work culture. But Im also thinking about the fact that if I have to return to india after doing mim due to me not getting sponsored by employers in Germany then my mim wouldn’t be too useful as much as an mba could have been. Plus I would regret spending so much time learning a new language. What advice would you give me?

@MBACrystalBall

Жыл бұрын

Most bschools generally expect full-time work experience after graduation. Part-time experience is usually not a replacement. Between the two options you're considering, our recommendation would be to get some experience before considering a regular MBA program, instead of an MiM. Are you open to that approach?

Hello Sameer! Do top consulting firms (MBB) fired their employees just like Top IT Companies (Meta, Google, Microsoft) due to global recession? What's your take on this? I know consulting offers better career growth as compared to IT. I definitely feel that in India there are few jobs in IT which pays you more than 50-70 Lakhs per annum. Stagnant Salary growth is one of the main reason IT folks quite their jobs.

@MBACrystalBall

Жыл бұрын

Yes, consulting firms have also been affected by what's happening around them. McKinsey announced a couple of months back about its plans to layoff around 2000 employees. This decision is probably going to affect the support staff more than the front-office consulting staff. Bain is trying to defer the joining of many soon-to-join consultants by giving them incentives to learn a new language, skill etc. During the pandemic, MBB firms had put a hiring freeze. In short, a tough economy spares no one. Btw, are you planning to switch to consulting from IT?

@victormendis2630

Жыл бұрын

@@MBACrystalBall Yes. Currently I'm working in Data Analytics domain at one of the Product based Companies. Previously worked at BIG4. In future I have a plan to switch into consulting & want to leverage my data analytics skills to solve strategic business problems. I hope my data analytics skill help me to do this. What do you think?

@MBACrystalBall

Жыл бұрын

Sure, consulting firms rely a lot on data and analytics to dig out insights that may not be obvious to clients. And the Big4 exposure is a feather in your cap. But admission officers aren't too clued into the nitty-gritty of consulting. So you'd have to establish that connection in your essays. Applying this year?

@victormendis2630

Жыл бұрын

@@MBACrystalBall No! Currently I'm having around 2.9 years of experience. I'm planning to prepare for GMAT. Do you have any course regarding GMAT applicants.

@MBACrystalBall

Жыл бұрын

We don't help with GMAT / GRE prep. We come into the picture after that, for bschool shortlisting, application reviews, interviews etc. Have you checked out GMAT Club for test prep courses?

Dear sir please don't mind but u really need to upgrade the contact methods for MCB, there isn't a single contact no. Given to talk , I anyhow found a number n that no. Never worked ..I even mailed my profile on the given mail id atleast 4 times but no response , suppose if I enroll and if some day I have any issue then how do I even get to your counselors , why is it so difficult to contact u ,, u should have atleast given 4 to 5 contact numbers and a team for quick response...please don't mind but this is honestly what I faced

@MBACrystalBall

Жыл бұрын

Thanks for the honest feedback, Aryan. Our team is very small and we don't have a marketing team like the others to take calls. So, we prefer email communication as our consulting team can respond directly. We checked our inbox for any email from your name, but couldn't find any. Can you share the exact email ID to which you sent it, and when? Can you also share your email ID that you used to send it? We'll check again internally.

Respected sir I have just gone through your mba profile builder website I am quite impressed. But I have one doubt does this profile building strategy only for us and UK mba colleges or it is helpful for Indian mba colleges like iim , fms , mdi, Spjain and isb

@MBACrystalBall

Жыл бұрын

Our profile builder is designed for GMAT/GRE MBA programs around the world. So it would include the 1-year MBA programs such as ISB and IIMs. It is not meant for the traditional 2-year MBA options in India. How much work experience do you have?

@anarghanayak8586

Жыл бұрын

@@MBACrystalBall 😞😞 😞..Sir currently i am in 8th semester and got placed in a software company..sir I am a GEM student that too from a good private engineering college, so i was thinking i will appear for cat with two years work experience thats the reason i want to build my profile in this two years for good mba colleges, can you help me sir??

@MBACrystalBall

Жыл бұрын

We cannot help with CAT programs. But here's a thought. Such 2-year programs are a good fit for students who start with under 2 years of experience. If you plan to work for 2 years and then consider an MBA, then GMAT/GRE accepting programs will start being more attractive. So think hard about what you really want, since that will decide your roadmap over the next few years. Do you think you'd enjoy working in the software company for the next 2-3 years?

@anarghanayak8586

Жыл бұрын

@@MBACrystalBall No sir , big no..software industry working culture is very toxic. They don't even consider that we are also part of a company but what options do I have .Do you think I can get good mba colleges through gmat and gre..I think 2 years workex will give me some additional marks during interviews

@MBACrystalBall

Жыл бұрын

The average work experience for GMAT / GRE MBA programs is close to 5 years. So 2 years will be low. You can try for CAT this year itself, and if you get into a good IIM then you don't have to think much. But rather than joining a mediocre MBA, it would be better to gain some more experience. Right now, having a job in hand is a luxury, given the mass layoffs. So value what you have and make the most of the opportunity. Is the salary good enough to help with some savings?

Sir if im university topper from humanity background from normal college but good university. ..what will be my gpa if I got 89 percent in my college?

@MBACrystalBall

Жыл бұрын

You can try checking out organisations such as WES that offer GPA conversion services.

Hello. I am an Indian entrepreneur and I got admitted from IE and Manchester. IE also has high fees but good placement numbers. I see many Indians returning back to India and working in average jobs. IE revolves around entrepreneurship (great). Manchester has low average placement salaries but everything is great. I don't speak Spanish. I am unable to make a decision on which school to choose. While many Indian students get good offers and visa from IE, many alumni and students are in India. I will definitely switch my career to either consultant or Product manager. I don't know what to do with the gleam market and placement situation right now. I want to settle in a predominantly English-speaking country. I request your help in making me make a wise decision. I have to make a decision in 5 days.

@MBACrystalBall

Жыл бұрын

A few quick questions, before we share our opinion. What score did you apply with? How many years of experience do you currently have? Which other bschools did you apply to?

@aths123

Жыл бұрын

@@MBACrystalBall 690. 5+ YoE. Cambridge and Warwick (Rejected from both)

@MBACrystalBall

Жыл бұрын

Tough situation to be in, as it would seem like you aren't excited about either of the two options. But if we had to pick one from the offers in hand, we'd pick Manchester. Not the strongest of brands in the MBA industry, but it gets you to UK ('English speaking' as per your preference) and allows you to explore opportunities in London - which is around an hour by train from Milton Keynes. Cambridge would've been great for someone with your profile. Left out Oxford? Is re-taking the GMAT (only if the current score isn't reflective of your abilities) and applying in the upcoming season an option?

Which field is future proof...Ms in CS/DS or MBA?

@MBACrystalBall

Жыл бұрын

Can you clarify what you mean by future proof? While we wait for your answer, the general response is that technology and management as career options are both going to be around for a long time. But individual jobs will never be future-proof. This is because each career will evolve over time, and this would mean professionals in that role will have to adapt to the changing requirements. Those who aren't able to keep up with the times will be left behind in the race.

@USER-rl7vl

Жыл бұрын

@@MBACrystalBall Which has more jobs opportunities and salary ?

@MBACrystalBall

Жыл бұрын

@@USER-rl7vl Tech salaries are high no doubt. But MBA salaries in some fields (such as consulting and banking) start off high and grow very fast. How much experience do you have? Are you interested in technical or managerial work?

@USER-rl7vl

Жыл бұрын

@@MBACrystalBall Thanks for your reply

Respected Sir/Ma'am I am Sreejith from Kochi, Kerala. I have completed my B.E Biomedical Engineering in 2013 and have done PGDSM in Sports Management in 2021. I have more than 8 years experience in various domains such as the Education and Sports industry. My job profiles are also in Business, Operations and Teaching. I will attach my updated CV for your reference. I am planning to do an MBA, but I got some suggestions from friends for an Executive MBA also, but now I am in a dilemma state to choose which will be the best option for me. Requesting kindly for expert career advice. Anticipating a positive response from your end.

@MBACrystalBall

Жыл бұрын

You haven't shared the reason why you feel the need to go for a second MBA, since you already have one. What are your expectations from the second MBA? Can you elaborate on that please?

@sreejithn2782

Жыл бұрын

@@MBACrystalBall i don't have a mba, it's a one year post graduate diploma which I have learned and many organisation doesn't consider it as a PG course. And I just want to acquire more skills, so that I will be able to work in general management and consulting MNCs in a senior management role

@MBACrystalBall

Жыл бұрын

Thanks for the clarification. If the first PG hasn't helped, then a credible, full-time MBA would be better than an EMBA. Assuming you can afford it, and can stop your income for that entire duration. Are you in a position to do that? If not, then it would just end up making the situation worse.

@sreejithn2782

Жыл бұрын

@@MBACrystalBall I will be able to . So which one to choose a general MBA or any? Could you please clarify why you have mentioned the situation will be worse if opting other than normal MBA??

@MBACrystalBall

Жыл бұрын

Assuming you're not mixing up the terminology (MBA vs EMBA), EMBA programs are generally preferred by senior folks who want to work and learn. For big & radical career changes, a full-time MBA works better. Do you have a preference for any country?

Hi, I am Arkq . I live in Bangladesh. And I am currently doing my BBA from Brac business school. I am really inspired by these stories . I am in my first year. Hence, I didn't choose what my major will be. I have 3 questions for you . Please guide me to solve these problems. At first, what are the things I need to do to have a bright future in BBA ? What's are the requirements to have a great career and in which subject I should major in? I know it fully depends on the likings . Although I need to sure about the subject has relevancy in the market. Please enlighten me on this. Additionally, I am a little bit confused and frightened right now as we already entered the AI era and the future looks vague for BBA students. Therefore , I want to know if BBA is a futuristic choice or not? And do I really need to do an MBA? Last but not the least, I want to know if you guys have any arrangements for the overseas students ? Thanks for reading this so far. I really appreciate your time and efforts. If you enlighten me in these confusions , it'll be really a great thing for me as I am both confused and frightened about my career and life choice.

@MBACrystalBall

Жыл бұрын

Since you've mentioned 'frightened' a couple of times, let's start with that. You don't have to be scare of anything. You have plenty of time to finish studying and then working in an area you like. That's when the real fun starts. Gain experience, and build skills. That's what will save you, more than the degree. We have a video on profile building. Check it out for tips on what you can work on. AI will continue to be an enabler on all fields, including business. So we'll have to learn to use it well, instead of being scared of it. We follow an online consulting model, and work with applicants from around the world. But you don't need our help at this stage. Where do BBA graduates from your college work?

@arkqneq3962

Жыл бұрын

@@MBACrystalBall thanks for the suggestions. I'll look into those. From my college , the graduates mainly work for BAT bd , Unilever bd , marico bd and also in our local corporations such as ACI limited , Akij group etc.

@arkqneq3962

Жыл бұрын

​@@MBACrystalBall can you please tell me something more about the building skill part? For Instance, what type of skill and how can I attain those ?

@MBACrystalBall

Жыл бұрын

Other than the theoretical knowledge you'll get in the degree, try to build your leadership skills by participating in clubs and events in college. Do you have any that interest you?

@arkqneq3962

Жыл бұрын

​@@MBACrystalBall I have an interest in leadership. Unfortunately, I am not good at it. What I mean is that I can't take responsibility for others . I do my own stuff. And whenever I have to do group projects I really become anxious as I can't do the things the way I want and it frustrates me. Although I want to change . Can you give me some tricks and tips to strengthen my leadership skills ?