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India being one of the countries that is highly influenced by the start-up culture, there are numerous technical and MBA graduates who want to join start-ups to gain business experience. However, the decision to join a start-up must be taken after considering all the aspects of the job carefully.
If you are planning to join a start-up after completing your MBA, make sure that you are well-versed with the working environment, quality of work and potential of the respective start-up. Like any other organisation, a start-up also has advantages and a few disadvantages to work with. Learn about the pros and cons of joining a start-up below:
Table Of Content
Advantages of Joining a Start-up After MBA
Innovative Measures: Lack of resources motivate people in start-ups to come up with innovative means to lead their business and market their products. This is an extremely beneficial process that enables you to keep the business running at minimum expenditure.
Freedom and Responsibility: The best part about a start-up is that you get a lot of freedom to express your ideas and opportunities to participate in the direct business process. You also get a lot of responsibility that helps you gain a lot of management skills.
Recognition for Your Work: Start-ups have a very encouraging work culture and believe in motivating people through work recognition. You get credit for all that you achieve for the business of the organization.
Shaping Culture: Making work fun is how start-ups operate. People at start-ups are more closely knit together as the teams are small and workflow becomes very smooth. Shaping the work culture at start-ups is easy as they are newly formed. This is another big advantage as management grows with the organization.
Working with the Best: Most of the growing start-ups are started by highly educated and progress-driven people. They utilise their experience and give their best effort to help their business grow. Working in a start-up brings you directly in contact with such people.
Real Learning: Start-up means that you will be directly involved in all the work processes and departments of the company. This will help you learn how your work impacts the organisation and how to proceed as the work grows.
Disadvantages of Joining a Start-up After MBA
Unstructured: Where there is a lot of flexibility, there are a few loopholes as well. The biggest disadvantage of working in a start-up is that nothing is structured. Be it your job profile, working hours or your reporting authority. You are required to figure a way to structure your work as per your targets.
Risk: This is another major factor that you must consider as there is no job security while you work in a start-up. There may or may not arise a situation when the start-up runs out of funds or you are required to work without a salary. However, with a good management team, such problems can be tackled.
High Work Pressure: Start-ups have high targets and short timelines in order to perform. It is important to increase business rapidly and garner funds in order to sustain. Therefore, there is a lot of pressure on all employees to deliver results.
Lack of Resources: Since the business of start-ups is on its initial-most level, it is important to understand that the resources will be limited. You will be required to get outputs with minimum investments.
Working with start-ups is not a bad option if you are prepared to learn regardless of the salary output you are getting. Start-ups can give you hands-on experience on how an organization grows. As an MBA graduate, this can help you a lot, especially, if you are planning to start your own venture.
Other Career Options After MBA
Apart from joining a startup, you can also opt for other job opportunities after MBA. MBA graduates are always demanded at Multinational Companies(MNCs), Hotel Management Companies and Event Management Companies. You can choose any sector as per your interest and experience. Salary after MBA will totally depend on your profile and company. You can expect an average salary of INR 5-6 lakh per annum. There are some companies which might offer you some incentive based on your performance and targets. Some job profiles available after MBA after listed below.
Research and Development Manager
Courses After MBA
If you have completed MBA in HR, Tourism Management, Airline and Airport Management, Technology Management, International Business, Systems Management, Healthcare & Hospital Management or any other branch. You can apply for a certification or advance program to get expertise in your related fields. Some certifications courses available after MBA are provided below.
Fellow Programmes in Management from IIMs
Personality development course
Financial Risk Manager (FRM) Exam
NSE's Certification in Financial Markets
ISB Certificate Programme in Business Analytics (CBA)
You may also apply for Doctor of Philosophy (PhD) in Management, Post Graduate Diploma in Computer Applications (PGDCA) or Doctor Of Business (DBA) after completing an MBA. The duration and fee for all these courses will vary from institute to institute. You can visit the official websites of the institutes offering these courses to know the total fee and eligibility criteria.
You can also fill the application form of Common Application Form(CAF) of Collegedekho to enrol for courses after MBA. Besides this, if you have any other doubts, you can ask questions on the Collegedekho QnA zone or you can also call our toll-free number 18005729877.