Choosing the Right Path: Skills Over Degrees in the Pakistani Job Market

As a student at the University of Lahore pursuing a BBA degree, you might be wondering about your expected salary after completing your first semester and whether it's worthwhile to drop out to start a business. In Pakistan, the job market is distinctly different from what you might expect in other countries. It's not merely about the degree you're acquiring but rather the skills you gain and the experience you accumulate while pursuing that degree.

Why the Traditional Job Market No Longer Aims for Fresh Graduates

The current job market in Pakistan places a significant value on experience and skill rather than just a degree. Most companies in Pakistan are more likely to hire experienced individuals rather than fresh graduates. Over the years, firms have learned that although initially training new graduates seemed like a good idea, the results were often disappointing. The majority of these fresh graduates either found better opportunities or quit their jobs, providing minimal value to the organization.

As a result, the job market has shifted, and employers now prioritize candidates who demonstrate relevant skills and industry experience. This change in approach has made the competitive environment for fresh graduates increasingly challenging. For any university student in Pakistan, it is crucial to recognize that the true value lies in acquiring valuable skills that can be directly applied to the job market.

Linking Skills to Job Prospects

Employers in Pakistan are actively seeking individuals who have honed their skills and possess practical experience. The ability to solve real-world problems and work effectively in a professional environment is highly prized. As a BBA student, you can leverage your studies to develop skills that are highly sought after in the business world.

Skill Development in BBA

Your BBA degree should not be viewed as a terminal point but as a foundation for skill development. Key areas to focus on include:

Financial analysis and management Market research and strategic planning Business operations and management practices Entrepreneurial mindset and innovation Leadership and teamwork

Engaging in internships, participating in extracurricular activities, and networking are excellent ways to gain practical experience and build your skill set. These experiences will significantly increase your chances of getting hired and landing a job that offers competitive salaries.

Should You Drop Out to Pursue a Business Venture?

Another avenue you might be considering is dropping out to start your own business. While this can be an attractive option, it is important to weigh the potential benefits and risks carefully.

Pros of Starting a Business

Entrepreneurial Freedom: Owning and running your own business gives you the freedom to make decisions and chart your own course. You are not constrained by the rigid structures of corporate environments. Immediate Revenue: If your business becomes successful, you can start earning revenue much sooner than waiting for a traditional job offer. Innovation: Starting a business allows you to implement innovative ideas and disrupt existing markets, potentially leading to significant financial rewards.

Cons of Starting a Business

Uncertainty: There is no guarantee of success, and starting a business involves a high level of risk. You may not see a return on your investment for several years, if at all. Financial Pressure: Starting a business may require substantial capital, and even with a solid business plan, you may face financial difficulties. Time Commitment: Building a successful business requires a significant time commitment, often leaving no time for full-time employment.

While starting a business can offer a lot of freedom and potential financial rewards, it is important to have a solid plan and a backup in case your business does not succeed.

The Bottom Line

It is crucial to focus on developing your skills and gaining practical experience through your studies, internships, and other avenues. This approach will significantly improve your job prospects and increase your chances of securing a well-paying job. While starting a business can be an exciting option, it should be carefully considered and not a rush decision.

In the end, the path you choose should align with your long-term goals and aspirations. Whether you decide to stay in school or start a business, make sure you have a strategic plan in place. The key is to leverage your BBA degree to build a solid foundation for your future success in the ever-evolving job market.