Hello Tilters ,
Today's Our topic is Job and Career .
Before some days my friend asked me that , If a cab driver makes more money than IT professional , then why should I study ?
I replied him -
There are three problems with this attitude. Three assumptions here:
It is very easy to shake your brother back to reality. During one of the family weddings make your brother the cab driver. Pay him an equivalent of Rs. 1000/day [the max most cab drivers make] and then make him work all day ferrying your relatives all across the busy roads of the city along with carrying their stuff around at the destination. After two days of working 15 hour days in the crazy roads of India, your brother would beg to study. In the real world, the passengers would be a lot harsher than your relatives.
Once they earn well, they will have spare money to both finetune their skills & infrastructure [better cars, better professionalism] as well as buy more goods. This would grow the economy and be better for all of us. The profession would also attract better talent with more money and that would be better for the consumers. India's suppressed manual labor class can now finally hope for a decent, meaningful middle class living. All this coming not from socialist revolution, but plain old free market economics makes it even nicer. We are not there yet, but we are inching there.
In summary, the problematic part is not that he refuses to study, but that he refuses to see the value of labor and hard work. Indian parents should instill the value of labor by getting their kids to work part-time. This is how kids in other parts of the world realize the value of labor & money. Once you realize this, life is not as complicated.
As you know guys , Author of this blog Omkar is an Engineer . He asked me that Which is better , doing an MBA straight after a B.tech from a top notch engineering college in India or working for 2-3 years and then pursuing it ?
Ans -
Never do an MBA without having a clear idea of what an MBA does and what you are going to do after the MBA. For some people in India, MBA has become the 17th and 18th standards (13th-16th is our default BE/BTech).
Before coming to the MBA, spend 3-4 years in an industry, really trying to understand how it works and how you can grow. Talk to the MBAs in your industry or in your target industry to understand what they do and if their work interests you. Gain the momentum while being there growing in the rank & file. And then, join an MBA to take the growth to the next stage.
In those discussions, I often see the people with no work experience clearly lost. When they don't even know the pain point from their previous experience, they can't appreciate the perspectives nor the solutions. The business degree becomes of much less value.
MBA prepares you for upper management. It provides you with tools to understand business in a very intricate way. Even star tech companies that rely on dropout founders, bring MBAs to lead at the earliest (Ballmer, Sandberg, Schmidt). Before you become a manager or an executive, you would be required to understand how the rank works. By starting to work in the ranks, you will get that perspective - a very crucial one. Most great leaders start out as great followers.
We will continue our discussion in Next post , which is related about Medical side . If you agree with my thoughts and answers then don't forget to write comments .
Thanks.
Today's Our topic is Job and Career .
Before some days my friend asked me that , If a cab driver makes more money than IT professional , then why should I study ?
I replied him -
There are three problems with this attitude. Three assumptions here:
- IT and related professions should pay more than other type of labor.
- Cab driving is somehow easier than coding.
- Cab driving requires no special skills that you need to learn.
It is very easy to shake your brother back to reality. During one of the family weddings make your brother the cab driver. Pay him an equivalent of Rs. 1000/day [the max most cab drivers make] and then make him work all day ferrying your relatives all across the busy roads of the city along with carrying their stuff around at the destination. After two days of working 15 hour days in the crazy roads of India, your brother would beg to study. In the real world, the passengers would be a lot harsher than your relatives.
Skills we can learn from successful drivers
I love both coding (doing for 20 years) and driving (driven extensively in 6 countries) as passion. Both require their own set of skillsets. I have chatted a lot with a variety of cab drivers in various countries. Here are some of the best traits.- Art of negotiation: Successful drivers are masters of negotiation. From getting their cab license to acquiring key routes to fixing fares they are often very good at things. I often feel that if some of those folks didn't enter driving, they might become lawyers or politicians.
- Art of patience: The average cab driver is often impatient and can be rude. Many of those don't survive long. But, most of the highly paid ones are those who are there for the long term. They are patient both on the road and with their passengers.
- Flexibility: Successful drivers, such as the truck drivers in Alberta or the cab drivers in major metropolis are also fairly flexible in both their hours worked and with new changes to their environment.
- Staying updated: A cab driver can never stop learning. He has to constantly look for new routes, new construction works and other things that might either help or impede his work.
Now, the Economics part
For years, advocates of free markets and globalization were arguing that things would trickle down to the bottom. When cab drivers in developing countries earn a good living through honest, hard work they become living proof that the markets work.Once they earn well, they will have spare money to both finetune their skills & infrastructure [better cars, better professionalism] as well as buy more goods. This would grow the economy and be better for all of us. The profession would also attract better talent with more money and that would be better for the consumers. India's suppressed manual labor class can now finally hope for a decent, meaningful middle class living. All this coming not from socialist revolution, but plain old free market economics makes it even nicer. We are not there yet, but we are inching there.
In summary, the problematic part is not that he refuses to study, but that he refuses to see the value of labor and hard work. Indian parents should instill the value of labor by getting their kids to work part-time. This is how kids in other parts of the world realize the value of labor & money. Once you realize this, life is not as complicated.
As you know guys , Author of this blog Omkar is an Engineer . He asked me that Which is better , doing an MBA straight after a B.tech from a top notch engineering college in India or working for 2-3 years and then pursuing it ?
Ans -
Never do an MBA without having a clear idea of what an MBA does and what you are going to do after the MBA. For some people in India, MBA has become the 17th and 18th standards (13th-16th is our default BE/BTech).
Before coming to the MBA, spend 3-4 years in an industry, really trying to understand how it works and how you can grow. Talk to the MBAs in your industry or in your target industry to understand what they do and if their work interests you. Gain the momentum while being there growing in the rank & file. And then, join an MBA to take the growth to the next stage.
Learning
I don't know about the IIMs, but in most good schools in the US, the whole MBA program is based on case discussions. In each class, you take up a company in a particular scenario and shred it to pieces. People from different backgrounds bring different perspectives. The company's difficulties might have been faced by you at your company. You see how an HR manager thinks, how a sales guy thinks, how an engineer thinks and how a finance guy thinks. Those perspectives are why you want to do an MBA.In those discussions, I often see the people with no work experience clearly lost. When they don't even know the pain point from their previous experience, they can't appreciate the perspectives nor the solutions. The business degree becomes of much less value.
Philosophy
Careers
Most sought out career paths after an MBA includes Investment Banking, Management Consulting and Product Management. Each of these career paths usually requires prior work experience. By not acquiring the work experience, you might lose out some of the best career opportunities you might have otherwise qualified. Since the biggest career move comes immediately after the MBA, you go into a disadvantage. A lot of them have to settle for lower scales (analyst instead of a banker) or different jobs.We will continue our discussion in Next post , which is related about Medical side . If you agree with my thoughts and answers then don't forget to write comments .
Thanks.
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