Does an MBA guarantee a good job?

No, an MBA does not guarantee a good job. You could have an MBA and still struggle to find a job. If you find a job, you could also be exposed to a low salary contrary to your expectations. If the organization you are working for is experiencing problems and needs to downsize, the MBA does not protect you from being retrenched. It is also critical to note that there are many MBA holders today. This implies that the competition for jobs among MBA holders is quite high. You ought to have something more to offer other than an MBA. It is also important to note an aspect of overqualification that could come with your MBA. As employers seek to navigate tough economic times, they consider hiring lesser-educated individuals to pay less to do what an MBA holder would demand more for. An MBA has many downsides, but this is not to mean that you should forego it. If anything, go for it. There is much more it could offer.

For more information about an MBA, check out this article: Master of Business Administration (MBA): Degree Overview