When I got admitted in North South University, BBA degree used to rule the job market. Almost all companies looked for the candidates with BBA degree. But Before I could complete my BBA, job market started to shift toward MBA degree. By the time I completed my graduation, job market totally moved to MBA holders. Now companies look for candidates with MBA holders. They want MBA holders even in the lower posts where graduation is not required.
In other countries MBA is treated as a professional degree like Chartered Accountant (CA), Chartered Management Accountants (CMA) or other degrees. In those countries, number of MBA holders are very few. But in Bangladesh MBA is not a professional degree anymore. It have become an academic course as there are plenty of people with MBA degree. Because there are lots of MBA holder in the market, BBA holders are falling behind in the job market. Therefore almost all graduates thinks of getting a MBA degree.
Till yesterday, I used to think what new qualification companies might want in their job candidates as there are lots of MBA holders. Today morning I got my answer when I saw a circular. It’s for DBA from IBA. IBA is the first institution in Bangladesh to introduce DBA. DBA means Doctor of Business Administration. It is treated as Ph.D in business sector or business study. I know soon other top universities and then other universities will start offering DBA. And lots of people will run after DBA degree in order to differentiate in job market.
Then I started to think, how long people will study to get a good job? People in our country kept studying and getting new degrees with a dream to get a good job which will give them attractive salary and attractive position. But as this type people increase every day, options increases for the employers too. They want highly qualified candidates for low positions which might not need any qualification at all. As DBA have been introduced in Bangladesh, people will start running after this degree and soon companies will make it a requirement for entry-level jobs.
I was thinking how to avoid dependence on degrees to make a livelihood. The answer I came up with was to avoid the tendency of getting a job. There will always be some new degrees. And people will run after those degrees to differentiate in the job market and get a good job. But if we don’t have any tendency to run after job, we wouldn’t have to take the hassle to achieve those higher degrees. Instead of running after jobs, people should start small businesses. They should become a small entrepreneur. If people don’t want to lead posh lifestyle, small business might be enough to make livelihood and maintain an average lifestyle. The amount of time and money people spends for getting degrees, a person might had a successful business if those are spent for small business. If people trend to start small business, this country will have lots of small entrepreneurs and who knows, they might become giant entrepreneurs someday.