More and more students are considering earning an MBA admission and now is a good moment to examine some widespread fallacies.

These myths have existed for as long as there have been business schools, from the price to the type of student. Unfortunately, these false beliefs may deter some highly competent candidates from getting MBA admission.

Here are some very common myths -

1. For an MBA admission, you should have a business background

While a bachelor's degree is the primary requirement for an MBA admission, it generally doesn't matter what kind of degree you have.

Today, anyone with an undergraduate degree or professional experience can get an MBA admission. These programmes give students a solid grounding in fundamental business subjects and help them to develop the skills they need to advance to higher positions in their communities. Additionally, those who are entrepreneurial-minded and have a bachelor's degree in a discipline other than the business might seek an MBA admission.

2. MBA Admissions Are Exorbitantly Priced

While a well-regarded institution may easily cost lakhs or more, many colleges now offer programmes that are less expensive than that. Such a program's costs can be reduced because of the flexibility and affordability offered by hybrid degree programmes. In order to compete with the top MBA colleges in India and offer a more inexpensive educational experience, several smaller schools are creating such programmes.

Accelerated programmes can also reduce costs by keeping the programme to one year instead of two or three. Even though MBA admission is fairly demanding, people who are prepared to put in the work can get a solid business foundation for a very low price.

3. MBAs are only for those who are better at Management 

Many people think that it is only for people who want to work in management or leadership positions. This is a fallacy that keeps people from making use of training in other business fields.

While it is true that many graduates work in management, this is not the case for everyone. The degree can genuinely fit into a wide range of job paths because of its many emphasis options.

Employers are aware that students receive essential critical thinking abilities and business knowledge in an MBA programme, regardless of the speciality they choose.

4. Online MBA Programs are Not Reputable

You definitely want to know that your potential employers would accept your degree if you are thinking about investing in an MBA admission for some school. Many people ask if an online degree programme will be recognised by their potential employers as successful and credible.

Employers of today are realising the worth of online programmes and how well they teach business principles. The calibre of the institution providing the programme appears to be important. It is considered credible if it is from one of the top MBA colleges in India. Knowing if a programme has programmatic accreditation can assist in determining its quality. Students can feel assured if they get MBA admission from a school with a good reputation even though there are online programmes offered by unidentified colleges that may lack credibility. In actuality, many employers only consider the institution from whence the degree was earned, not its format.

5.  MBA programmes are dominated by male students

Men have historically dominated this field. Men did. They don't anymore.

That pattern has changed over the previous ten years. Interestingly,  the proportion of women enrolled in these programmes quickly trended up, and the number of students overall trended down in recent years. In actuality, 39% of students were female. And this percentage is considerably greater in some schools. At least 19 schools, including numerous major colleges, had at least 40% of their students who were female in 2019.

To put it into perspective, as late as 2005, not a single business school had met that metric.

6. Your MBA application must be flawless

One of the most harmful myths about getting an MBA admission is that many students believe they must have a perfect GPA and a good GMAT score to be eligible. However, creating the ideal MBA application can seem unachievable, preventing many from even attempting to apply to business school.

You are losing out if you have been holding off on applying to such programmes because you think your application needs to be flawless. Yes, many programmes have competitive admittance requirements, but not all of them. You'll discover that some elements are crucial and others are not as significant.

The entire application is taken into account. In order to identify the most qualified applicants, schools want to consider a variety of factors. The GMAT score, GPA, and undergraduate degree are all taken into account, but none of these factors is the be-all and end-all of your MBA application.

No applicant will be perfect, and schools and MBA admission specialists want to see how you handle any weaknesses on your application. Knowing your limitations and addressing them in your application, demonstrates your self-awareness. A strong CV or SOP outlining your skills and limitations and lower GMAT and GPA grades may make you more enticing than a "perfect" application.

ITM University, Raipur hosts one of the top MBA colleges in India. You'll meet interesting candidates from different backgrounds here. A place for all, they reflect variety and uniqueness. Check out more about the specialisation offered on our official website.

Achieving an MBA admission is now easier than ever because of the growth of online and hybrid programmes. More people are taking advantage of these opportunities and considering furthering their education through business school, including a rising number of women.

In conclusion

Whatever your undergraduate major was—music, science, tech, art or even general studies—it doesn't matter. You might get an MBA admission easily. Your experience includes the fundamental business education you need to be successful. So mind these things before applying for MBA.