10 Famous MBA Alumni: Source of inspiration to aspirants; time to add wings to your career

Dr Raghuram Rajan, Ajay Banga, Avani Davda, Chetan Bhagat, Deep Kalra, Indra Nooyi, Chanda Kocchar, Prasoon Joshi are only a few of the many MBA alumni who have reached the height of success with their hard work and dedication without compromising the values and principles in life.

These top national and international icons have excelled in different fields after getting their MBA graduation from one of the Indian Business schools and are the living inspiration of planning and hard work for MBA aspirants.

Lakhs of aspirants prepare every year to tame the CAT, XAT, CMAT, MAT, NMAT among other exams to get admission in highly ranked MBA institutes. With Indian economy picking up and Modi government launching many schemes like Make in India and Start Up India, there was never a better time to opt for MBA

MBA: Gateway to join the super CEOs list MBA imbibes in you the necessary knowledge and skill set which you will need in your life, not only in the professional butalso in personal walks. MBA courses imbibe in the students the capability and skills to maximize individual and organizational productivity.

There is a long list of many super successful CEOs and MDs. A few of them are listed below which prove the reason for MBA being termed as the prized degree. If you wish to join this elite club, MBA is your way out.

B-school
Alumni
Designation

IIM Ahmedabad
Dr Raghuram Rajan
RBI Governor & Global Authority on Financial Markets

IIM Ahmedabad
Ajay Banga
President & CEO Master Card worldwide

IIM Ahmedabad
Deep Kalra
DEO MakeMyTrip.com

IIM Ahmedabad
Chetan Bhagat
Best selling author

IIM Calcutta
Indra Nooyi
Chairman & CEO of PepsiCo Worldwide

XLRI Jamshedpur
Rakesh Kapoor
CEO Reckitt Benckiser

FMS Delhi
Harit Nagpal
MD & CEO Tata Sky
MDI Gurgaon
Sanjay Verma
CEO Asia Pacific Cushman & Wakefield

IMT Ghaziabad
Prasoon Joshi
Adman & National Award Winning Lyricist & Author

NMIMS Mumbai
Avani Davda
Former CEO Tata Starbucks

JBIMS Mumbai
Chanda Kocchar
CEO ICICI Bank

Indian Economy needs more MBAs According to Asian Development Bank economic growth projections Indian economy would grow at 7.4% leaving China behind which is proposed to have the economic growth rate of 6.5%. The Make in India and start up India would consistently need more skilled and managerial professionals to meet the growing demand in coming years.

When we aspire to make India usher in the era of double digit growth, move on the path of Make in India, it may not come from a few developed urban pockets. It is the task of the MBAs to develop the less developed areas and bring uniformity in the development, as MBAs have the right skills.

MBA boosting Alumnis career Graduate Management Admission Councils (GMAC) 2016 Alumni Perspectives Survey Report reveals that all the alumni who were surveyed agree that MBA contributed a lot to boost their career. 81% feel that MBA was instrumental to increase their salary substantially; 80% find that MBA prepared them for leadership roles; 74% find that MBA offered quicker advancement in career and 70% are of the view that doing MBA helped them to improve their network.

MBA offering great financial rewards Believe it or not, no other course as compact and short as MBA can make you earn US$ 2.5 million as cumulative median cumulative salary over a period of 20 years. This is exactly what has been found by GMAC in its Alumni Survey. Doing MBA from a good B-school is a lucrative investment and it will not take more than 4 years to recoup your MBA costs after completion of the course, is the outcome of GMAC Alumni Survey report published on February 23, 2016.

Top jobs for General Graduates You cant become a doctor, engineer or scientist if you are a general graduate in commerce, humanities, arts, computer application and others. But sure you can become the high paid manager after completing your MBA degree.

MBA degree gives depth to your resume and helps you to choose career options as per your own perspective and better marketability. You are not the same person after emerging from the Management institute for it shapes your personality and widens your knowledge in different aspects and field.

MBA degree propels you for a managerial job or position. If you are student with a specialization in engineering, chartered accountancy, Company secretary, etc, you need an MBA degree to gain a managerial position.

IIM Ahmedabad alumnus Santosh Desai, CEO, Future Brands, says, The wonderful thing about the MBA is that one will not just be the manager, but also a creator. I think the most important future challenge would be how you are going to transcend the act of managers. In management institute, you are given the freedom to think and to face the challenges. It will be new because all the things are in you but nothing compels you to think independently as does the good MBA course.

In certain organizations, having an MBA or an advanced degree is practically a requirement for certain positions. Its hard to move up without that credential, no matter how talented you are. Because of the recessions affect on employment, many companies have a wealth of talent to pick from at the moment and some can afford to be choosy in their hiring. Candidates need to score every point possible, and an MBA degree may give that extra edge to you.