Thanks to all those of you who posted comments and the few who mailed me directly with your views/ experiences/ information on placement salaries.
I will compile the feedback and also various facts I have dug up shortly. But meanwhile I'd like to speak to some graduates from lesser known bschools who are offered CTCs which include a lot of variable (ie commission on sales) kind of pay. One of the companies whose names keeps coming up in this context is Indiabulls.
I'd also like anyone at all who is willing to speak on this MBA salary circus ON THE RECORD to drop me a line. Because there is no story without a name and face to it.
Am not asking you to 'rat' on your institute but discuss the general scenario and/ or your specific experience on camera. In order to educate and enlighten the MBA wannabe and their parents. Hai koi mai ka laal?
As always, drop me a line at rashmi_b@yahoo.com
I'm not sure of what CTC is!! but yea, I'm interested in your placement survey thingy!! Post it asap!!
ReplyDeleteRashmi
ReplyDeleteCTC and placement myths in B catagory institutes are a concern. But they come about as the result of total lack of quality-control in these institutes at a very fundamental level. To summarise these-
1. What is the selection criteria? anyone who can afford the course fees can join. Result- poor overall qyality of students and hence reluctance in the industry to recruit them ( atleast to recruit them with an above-board compansation package). MAT is a joke and does not contribute to the screening process at all. I doubt if its properly regulated even.I never hear about anyone not making it through MAT :)
2.Quality of faculty: no independent audit of faculty quality is conduected in these schools. What are the parameters that a faculty-member must fulfill to take up a position in a recognised insti? who monitors compliance? Who supervises the credentials? Shouldnt we have compulsory screening and training model for teachers in these B schools? Even school teachers need to go thru a training and selction process..but in lesser known B-schools even a fresh passout from Insti A can immeditaely join the same insti A as a faculty!
3.Should not the governing body get involved in this entire CTC/placement% ruckus and lay down a basic principle for CTC? Dictating a min % of fixed and max % of variable component? should there not be laws on unethical claims regarding CTC/placement/facilities provided by the insti? Should there not be some penalty levied on instis that fail to manage a min.o. of camous recruitments per year (since these B-schools lure parents and kids thru tall "palcement record" claims). Why cant the inductry norm be fixed basis monthly net take home , thereby removing the nebulous CTC funda itself?
4.Should there not be penalty levied on these B schools for failing to provide basic facilities like--
a)dedicated campus with minimum area prescribed for classroom, library, comp lab etc
b)24 hour access to internet
c)a good library
d)Industry tie-ups for summer placements/projects/ industrial tours etc
e)proper dormitory/hostel facilites
f)regulated course fees. Any increase in same to be approved by this Utopian central governing body that I keep talking about(AICTE being not as proactive as it should be)
I realise most of the above issues and suggested solutions sound like pie in the sky. But why should "management" education be such a mismanaged area?
*Sigh..there I go dreaming again..
Hai koi mai ka laal?
ReplyDelete!Not the sort of comment expected during a serious discussion but couldn't help but let you know that was hilarious.
For all the hype about 1 crore salaries, there is no consistent means of comparing compensation across B Schools.
ReplyDeleteCompare this with top B Schools in the US, which conform to the MBA Career Services Council (MBA CSC) Standards for Reporting MBA Employment Statistics.
One striking difference I find is that these US B Schools seem to report only base salaries, and (separately) guaranteed forms of additional compensation.
Very Good
ReplyDeleteApt time to bring out this 'issue' of engineered B-school salaries.
ReplyDeleteWill mail you some relevant info. on the above topic soon.
regards
donno wat is CTC..but i surely interested in dis matter of bschools as i also come from not so recognised bschool.
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ReplyDelete制动单元 铝壳电阻
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