Tuesday, July 4, 2017

Fellowship or MBA in Development Sector

Today, development sector has emerged out as an unconventional yet full fledged career option amongst the youth worldwide. People seeking career in Development Sector face a dilemma on the choice between MBA in Rural/Health/Forest management and fellowship opportunities pan India. There are pros and cons in each choices:

1. Academia: Most candidates become largely irrelevant in running social enterprises by putting effort to keep themselves academically pure and continuous. B school always provide broad base knowledge base than gathered in classroom training of Fellowship.

2. Seeking Experience - The grassroots experience is must before jumping into solving an issue as one has to acknowledge the gap between ideology and lived experience. Fellowship experience will be much diverse and fruitful than 2 years in MBA school.

3. Network Effect - The number of students enrolling and attending the MBA is much more than fellowship program. There is an inherent advantage due to networking in the majority. Majority and minority are about positions in career ladder, not numbers alone. Yet old institutions have good alumni networks required to establish oneself in employment markets.

4. Future Study Abroad: A full time MBA program gives base through academic rigor. MBA school in development sector refine skills by having options like IRP/Mini Thesis on chosen topics. This forms a launch pad for students looking for opportunity to study abroad in courses like Public Policy and Public Administration.

5. Peer Quality - Applicants for both go through assessment like Reasoning, Aptitude Tests, Group Discussions or presentations about a subject related to the development sector and a face-to-face interview. The focus is more on the quantity rather than fit in MBA. Hence, a much dedicated and like minded peers will be more likely to be found in fellowship program.

6. Content of the Program - The content of both are nearly same with different weightages to the mix of NGO Visits, Classroom Experience, Village Studies, & Leadership Activities. The exposure to different ideas is much limited in fellowship but the depth of the program helps those people who had already made choices for the career goal.

7. Social Entrepreneurship - SE is a combination of both thorough knowledge and action driven attitude. The fellowship is much preferred way to effectively diagnose risk aptitude and aspirations. Fellowship gives lot of independent thinking and support entrepreneurship in through business skills training, etc.

8. Leadership Development - The leader-centric functioning of non profit has always doomed the development sector but this is less talked phenomenon in the classrooms. But even various theory of Leadership (Analyst, Architect, & Strategist) doesn't come much good in the real life. Fellowship provides direct opportunity to interact with Non Profit leaders who are taking tactical and strategic decisions in handling the resources.

Prestigious Fellowship in India

1. Transforming India Initiative
2. Teach for India Fellowship
3. Legislative Assistants to Members of Parliament (LAMP) Fellowship
4. William J Clinton Fellowship
5. Gandhi Fellowship
6. Azim Premji Foundation Fellowship Program
7. Ashoka Fellowship
8. India Fellow Social Leadership Program
9. Indian School of Development Management (ISDM)
10. Deshpande Fellowship Program
11. Pradan

MBA Option: Private MBA-School has pure market orientation since with higher infrastructure and faculty cost can't be covered with lower admission fees and lower batch sizes of students. Subsidized education at public institutions like IIFM and IRMA gives much better option to start fresh and new as development professional. Let us cross examine the private & public institution in rural management.

Rural Management of Xavier University Bhubaneswar will cost around INR 15 Lakh (Program fee - INR 11 Lakhs, Development Fund: INR 1 Lakhs, Boarding and Lodging Expenses: INR 1.76 Lakhs, Course Material, IT, Alumni & Placement Expenses: INR 1.4 Lakhs). The highest domestic salary stood at INR 11.00 Lakhs per annum. The average annual compensation stood at INR 7.32 Lakhs per annum. The Median annual compensation stood at INR 7.00 Lakhs per annum. The high end jobs belongs to Banking and Rural Marketing sector. So even with 20% of the savings from average income, it will take almost 10 years to repay the loan here. This high fees has been dissuading young students studying in the private institution to make a career in development sector. Even public institution like IRMA will cost around INR 12 Lakh (Program fee - INR 9.5 Lakhs, Activity Charge- 0.6 Lakhs, Boarding and Lodging Expenses: INR 1.5 Lakhs). The average annual compensation stood at INR 10.22 Lakhs per annum. So, with the same logic it will take minimum 5-6 years to repay the education loan.

I assume that appropriate candidates for fellowships are fresher with 1-2 years experience and mid-career professionals who have a commitment to public service, leadership traits and the potential for professional advancement. The unexperienced students must prefer public institutions like XISS, TISS or IIFM otherwise choose fellowship over private MBA institutions. The burden of loan restricts a professional in long term decision making and financial freedom. Mostly, aspirants engaged in the job or college hadn't enough time to think without peer pressure, analyze down the career and work out what is vital to get the best out of oneself. But, in the end one has think deep, discover options and take bold yet pragmatic decision before making a career in development sector.

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This Blog is meant purely as a personal diary of a rural manager in making. It exists to record information, experiences and opinions about various issues encountered in the line of duty. Any person, institution and organization mentioned here doesn't assume any liability for its contents. This is not a deliberate attempt to defame anyone. And if you have actually read all that is written in the blog and aren't mad at me, then thanks for your time and patience !

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