Why is Higher Education important?
A person graduates from high school and enrolls himself in an undergraduate course of his choice. Confusion and indecisiveness precede this whole process as it is a future deciding step. After schooling, half the battle is won. The second half again comprises of the mind-boggling question- What to do after graduation? Take up a job or go for higher studies? Is there any other option? Why is Higher Education Important?
In this article we are going to discuss about all the possibilities that one can opt after graduation.
Options after Graduation
Taking up a Job:
If you are willing to take up a job after graduation, then firstly you need to create an impressive and strong resume and do comprehensive research for your respective field. This option provides financial stability and work experience, an early start, etc. But it may also turn out to be a bad decision as in most cases it is hard to get a decent paying job with just a bachelor’s degree. Freshers find it hard to fit in the corporate environment as they lack experience.
If you are willing to take the risk up a notch and are confident enough to showcase your creative skills and be self- employed, become an entrepreneur. This requires indomitable spirit to pull it off along with an innovative business idea, the right usage of available resources and an efficient action plan. All this cumulates to the dream of being self-employed. Entrepreneurship gives independence, autonomy, recognition and flexibility.
Higher Education or Post Graduation:
Pursuing post-graduation is one of the safest and wisest paths after college. Keeping a close check on the literacy rate worldwide and the top-notch competition prevailing among industries and individuals, it is crucial to contemplate the fact of the need to pursue higher education.
To pursue a Higher Education doesn’t mean you have to change your stream or field. Some of the Post- Graduation courses commonly opted by graduates are PGDM (Post Graduate Diploma in Management), M. Tech (Master of Technology), Ph.D. In any respective field after pursuing a Master’s Degree, M.B.A. (Master of Business Administration), etc.
Reasons for pursuing Higher Education
There are various reasons as to why higher education is important. Some of them are:
1) More Opportunities are created with Higher Education –
A Higher Education trains you in your respective field more effectively, gives in-depth knowledge, enables you to understand complex subjects.
2) Staying Competitive-
In these economic times, finding jobs is not easy. The number of new career opportunities is less in proportion to the number of job seekers in the career market. Higher Education gives a competitive edge. It allows you to have better job security. It’s not enough to have a degree in engineering or math. Employers want their candidates to be well-spoken with strong proficiencies in communication and writing. They might want to see an engineer who has taken a couple of years of French, and they delight in finding a math major who minored in public communications. A post-graduation enables students to build this complex list of skills.
3) Learning New Skills-
Learning new skills encourages you to be more creative, to think, analyze, be innovative and be inquisitive.
4) Personal Development-
It makes you organizational, more disciplined. You become more professional and gain many work-related skills.
“Let us never be betrayed into saying we have finished our education; because that would mean we had stopped growing.”Julia H. Gulliver
Why MBA as Higher Education?
The world is changing. Technology is developing beyond our wildest dreams, and complex issues in business, environment, and politics continue to challenge our society. Higher education prepares students to meet these challenges with grit and determination. Other reasons are:
- It helps develop skills necessary to keep a company successful
- Improve leadership and people management skills
- Keep the company’s finances strong
- Networking and partnerships
- Manage crises
- Adapt to changing business environment
- Exploration of latest business trends
- Great for career change
How to pursue MBA?
To pursue MBA in India, the most common and prestigious entrance exam is CAT (Common Admission Test). It is conducted by the IIMs in India. It comprises of three sections- Quantitative Ability, Data Interpretation & Logical Reasoning, and Verbal Ability/ Reading Comprehension in which accuracy and speed play an integral part. Other MBA entrance exams include XAT, SNAP, NMAT, TISSNET, IIFT, etc. To pursue MBA from abroad, the entrance exam is GMAT. The eligibility criteria for it are GMAT Exam Score, Work Experience, English Language Proficiency Score (TOEFL / IELTS), MBA Essays, and Recommendation Letters from previous academic institutions and places of employment. The most famous colleges abroad are, in the US, Stanford University, Harvard University, and the University of Pennsylvania; in the UK, London Business School, University of Oxford, University of Cambridge.
Some Job Prospects after Pursuing MBA
- Banking and Finance- MBA graduates can find employment in banks, insurance companies, security firms, and various other financial organizations. Some of the companies offering jobs in this domain are Barclays, JP Morgan, Goldman Sachs, etc.
- Investment Banking- Some of the top companies in this field are Motilal Oswal, SBI Capital Markets, etc.
- Management Consulting- This domain is related to problem-solving. Some consultant companies are PwC, Deloitte, Infosys Management Consulting, etc.
- Entrepreneurship- This option is for those who dream of being self-employed by making the most use of their creative and innovative skills.
- Private Equity- Companies like Bajaj Finserv, ICICI Prudential Asset Management, etc. offer jobs in this domain.