10/9/2017 Top nine mistakes that MBAs make

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Top nine mistakes that MBAs make

According to ASSOCHAM report, about 380 B-Schools have shut shop in last two years across various cities in the country.
Campus recruitments have dropped by a staggering 45 per cent. In such a scenario a smart MBA graduate is one who will
identify mistakes that MBAs make and steer clear of them

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By T Muralidharan (https://telanganatoday.com/author/tmuralidharan)| Published: 9th Oct 201712:00 am Updated: 9th Oct 201712:16 am

About 1.97 lakh MBA graduates passed out according to a report by the Ministry of Human Resource Development of Higher
Education 2016. Except for a few top rung institutions like the IIMs and a few more, there are 5,500 B-Schools in the country and
most of them are producing unemployable graduates year-on-year leading to high rates of unemployment and if they manage to
get a job, salaries earned can be as low as Rs.10,000 per month a study by ASSOCHAM. Except for the pass-outs from IIMs and
tier 1 B-Schools, not more than seven per cent are employable. Now this is an extremely disturbing number. The ASSOCHAM
report also states that about 380 B-Schools have shut shop in last two years across various cities in the country. Campus
recruitments have dropped by a staggering 45 per cent.

In such a scenario a smart MBA graduate is one who will identify mistakes that MBAs make and steer clear of them. TMI Group
has sourced, assessed, counseled and placed MBAs for our clients across industries for many years. From our experience, here is
a list of mistakes that MBAs make:

1. The MBA graduates think that they know the job market The job market they know is limited by inputs from peers but the
job market is actually based on whats happening in the economy. Therefore, they want to apply for certain jobs based on their
understanding which backfires.

2. Superficial understanding of job roles they see job descriptions but dont understand them. You need to understand a job
role emotionally, and not logically alone, which normally happens once you have worked in that role. Or someone who has done
that role only can explain it to you. If you see my book, An Experts Guide to the Top 101 Entry Level Jobs for MBAs and
Graduates we have taken a practitioners view for every single job role who have spoken about what their typical day looks
like, what are the challenges in their work etc.

Every job role requires a certain personality to succeed. To understand that, you need to first assess and understand your own
personality and then match the job role and personality attributes. You can go online and take some free personality tests on
websites like http://www.queendom.com and http://www.tmie2eacademy.com/JPFitTest/Registration.aspx

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10/9/2017 Top nine mistakes that MBAs make
These tests are free and insightful. They give you an understanding of your personality and also of the kind of jobs that will suit
your personality.

3. Their resume doesnt represent who they really are MBAs say and write things to appear good to the listener or reader. The
problem is that people can see through the farce, a few minutes into the conversation. They want to say and write something
better than they actually are. Once the gap between your claim of who you are and who you really are in person, comes
through, that is a point of no return in an interview.

4. Not doing adequate research on the employers when candidates come for an interview, employers are shocked to see that
they dont know anything about the company they are interviewing for. Many of them dont even know about the industry,
competition etc. They come absolutely unprepared for the interview. Visit the web, read up the news, see their website,
understand their business, the competition and draw up a list of intelligent questions to ask incase the interviewer asks you do
you have any questions?

5. Basics are not right Interviewers ask very basic questions based on the curriculum in semester one courses. Most of the
candidates reply theoretically. You need to assimilate the theory, apply your mind and rephrase it in a way that the interviewer
understands. Dont just mug up and repeat. The understanding of management concepts is very weak and the reproduction of
that is even weaker. Revise, revise and revise. Revisit your text book and brush up on the management concepts to be able to
respond confidently to the interviewer.

6. Taking the first available job The mindset is, I will not get another job and hence candidates pick up any job that comes their
way first. Ninety per cent of the people who pick up a job under pressure and have not applied their mind on the industry,
employer or the job role, are unhappy and look for a shift very early on. They become so unhappy in their current role and
make all the wrong moves. This is not good for their resume and career growth.

7. Location majority of them want to extend their college life into their work life. They want a job in the same city, stay at
home and get all the benefits without realising that the first job is the foundation of the future and therefore you must start with
doing something outside your comfort zone. Since you are young, you can take a lot of stress and learn a lot early on

8. Looking for companies with highest compensation without realising, higher the compensation, higher is the productivity
norm and higher are the chances of failure. Its better to take a lower compensation, deliver on that and move forward.
Compensation as a basis of selection is not a very intelligent choice because everyone cannot succeed. Higher the compensation,
higher the risk of failure.

9. Low on communication skills many MBA graduates cannot even introduce themselves properly. They cannot frame
grammatically correct sentences and communicate their thought process clearly oral or written. This makes it very difficult
for the employer as this is a basic requirement for most jobs.MBA education must equip you to succeed. All you need to do is
focus on doing the right things and setting the right foundation of your career.

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