If you are a member of a typical filmi-Indian family just like 90% of Indians, you will surely have a dad who is worked all his life to give you and your sibling(s) a comfortable life, given in to all your demands, bought you new gadgets and sent you for trips whenever you have wanted to. As usual, while growing up, the dialogues of you are our walking stick during our ailing old age start surfacing which are justified. You cannot become this walking stick unless you are qualified enough to pick up a high paying job. This high paying job will only come with a masters / post graduate degree.
MBA, one of the most sought after degree, is a good option to be pursued after you are done with your college. MBA preparation takes a good while and cannot be done overnight. If you want to seek admission in some of the top MBA colleges, you should be prepared to work hard. People generally do not want to waste a year after college in pursuing a masters degree and thus, start preparing for MBA during their final year in college. Colleges generally get over by June and MBA entrance examinations happen by November. Even after your college, you will have good 4-5 months to do the portion.
For getting into the premier MBA colleges, you will need the guidance of a good teacher. A good way to find out about reputed teachers and coaching classes is to consult your peers, college professors and cousins who have completed their degree. You can also use internet educational forums to discuss with likeminded people and shortlist a few classes. The best part about MBA classes is bargains! You can literally bargain and get down their tuition fees by a good 20-30%.
Pursuing a Masters or a post graduate degree has some obvious benefits, the first one being a good pay. As just graduates, youngsters struggle in organizations for 12-14 hours for 6 days a week but all they get paid is Rs. 10,000-15,000. Even someone who works as a domestic help at an upscale suburb can earn equivalent without possessing any skill-set that you do. If you hone your skills further, you can make a drastic difference in the kind of jobs you get. Imagine starting your job at a managerial position with a minimum salary of Rs. 50,000 and above!
You can fulfill your parents dreams by giving them all the luxuries they have given you, provided you complete your masters education. If you can not get through MBA entrance exams, opting for masters finance courses is a good option. Something like Masters in finance from a reputed institute would hold a value as good as an MBA in finance or PGDBM in Finance.