Challenges of pursuing an MBA degree

In today's competitive world, every person needs to be versatile to some extent in order to cope with the changing environment. If one plans a career shift or wants to start their own business, and/or receive a corporate sponsorship from their current company, an MBA degree would be the ideal choice. But pursuing of an MBA degree is not an easy task.
There are many challenges for an applicant to acquire the degree. First challenge is complicated admission process. Admission process is complex in nature with the selection process being divided into two or three stages.
Second challenge is limited number of seats in business institutions that provide quality education.
And next one is high fees that definitely burn a hole in applicants' savings. One has to rely on their savings or opt for a loan to pursue this degree.
The last challenge, maintaining a good school -work -family life balance,is a common concern for many applicants. Pursuing an MBA degree is a significant time commitment,and many applicants worry that attaining a higher education will have adverse effects on their family or work life.
However, many business schools are offering quality professional degrees like MBA at low cost . And they are very much concerned about the duration of course, suitability of class time and curriculum.