Salary levels before IIM's

[grabel]

Originally Posted by Psychodementia

I apologize if my understanding of this thread is wrong. But I get a feeling (without going through the details) that money is getting underplayed. On a humorous note, it is like that Sprite adv.
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Arun

Arun we are having a serious discussion here in this thread. I would request you to please control your humorous side for time being. Such kind of irresponsible responses will not be able to solve the problem at hand.

This discussion is very important for me and lots of people like me. I would request u to keep the tone and mode to be serious.

grabel

[arboreal_tarantula]

mr grabel, i dont think you get to dictate the tone of the thread. remember .. free speech ... blah blah blah ?

and i think arun made his points quite clearly, and there was substance in his post. the presentation might have been laced with humour, but that doesnt detract anything from the thread.

[mogli]

Iam not too sure if its the post-mba salary that makes ppl wanna do it

there, I feel are ppl with diverse backgrnds, as illustrated a zillion times, which some say adds to the expirience and blah blah

but by diverse does it only mean their salary or their education backgrnd?

I feel there are many factors which draw ppl to it

1: grads who have not been able to find suitable jobs and who hope that with so many companies for campus plcmnts, it will give them ample oppurtunity to get one

2: ppl bored with their job profile

3: ppl stuck at a level and who are convinced that mba wud change it

4: ppl who feel that their work-ex provides little scope for diversifying

5: die-hard wannabe richard bronson's

and am sure there are many more....
so money mite or mite not be a factor

and i feel such discussions are incomplete without a mba student ( or grad ) chippin in.

[great_one]

HI,

I feel that the MBA is a good investment even if you are earning a reasonable amount of money (say around 7-8 lakhs).
A lot of people are talking about the salary levels of the graduates when they are leaving the IIM's or other institutes. But, the important figures will be that of what these guys are earning 4-5 years after leaving the IIM's. If 70% of the graduates leaving the IIM's earn 1.5-2 times the salary they were earning pre-IIM/other B-schools, then it was surely worth it. (I am talking only about people who were earning before joining IIM's).
And most probably the money they will be earning after 4-5 years would be more then enough to cover the cost of education/loan and the oppurtunity costs.

Regards

[ketanm]

Thanks grabel for starting such a good discussion. This thread actually compelled me to think why I want to go for an MBA despite having a good job (5 lacs PA).

Most of the posts I read are only concerened with money...but I think that is NOT the sole reason of doing an MBA, but ofcourse no one can deny that it is NOT at all important....it is one of the major criteria....

I think the real reson for doing an MBA from top institutes is that it gives you a kind of invulnerability, a "no one can beat me" confidence, because I think even though there are people from variety of backgrounds coming to do an MBA, most of them are similar in one aspect, they all have certain dreams before coming to do an MBA, but they are not confident enough to pursue them.

For example i want to be an entrepreneur, but I do not have the confidence to start my own company at this stage ...but if i have an MBA from one of the top institute, then probably i will go into it...I am trying to eliminate the risk....its not necessary that i will succeed but yes even if i fail i have something to fallback on.....

Take another example, ever heard of Harsha Bhogle....he is IIMA passout...but look at what he is currently doing....does he really need an MBA to become a cricket commentator....I dont think so....but yes a degree from IIMA could have made him invulnerable....and then he pursued what he wanted to do in life.....

If someone says that I want to do MBA because I am bored from my job or I dont see any prospect of getting ahead in my career....then dont u think its a lack of self-confidence or mildly putting its a feeling that "Oh...i think i lack something to move ahead ...probably an mba will give me that boost"....aren't there scores of examples of people who dared to tread the uncharted path without an MBA....

If someone wants to do an mba to change his career path because there are more opportunities in other field.....dont that again give you a hint of lack of confidence..."oh..i am not able to do anything in my field...lets try this other field...its hot..i can grow here very easily"....

If someone is going for an mba simply under the pressure of society, friends or family...then its again the same thing.....

You imagine every plausible reason for doing the mba and at the bottom of it you can relate it to the fact that whatever that person wanted to do(his dream) can be achieved in a better way after an MBA from a good institute than before it

I know i am stirring the hornest nest...and i am going to be flamed for it....but thats what i am beginning to realise....

comments/criticism welcome

Ketan

[Psychodementia]

Originally Posted by Garuda

Well, i wudnt really belittle anyones plans or courses which they have set for themselves so easily dude. Every person knows what he wants to do next and they set out in that path. Neither u nor i know what course they have set for themselves.
So maybe its safe not to dismiss anything so easily . And doc from a dispensary in kerala?? Dude, get ur facts right bfore u shoot off like that. Try to think along their line of thought as well, If u cant think in that way, then rather not comment on it, especially when u dont have the entire picture infront of u.

I am sorry if through the details of my mail I sounded very condescending. I had clearly mentioned that "....On a serious note, what you miss out is the UCB topper (no idea why he chose an indian MBA though) or the MBBS doctor have an idea of what life has to offer them ahead. They have kind of made a road map of where they want to go and what they want to do. "

My good friend Dr.Bino is an MBBS who went on to do his MBA from IIM-A (class of 2004) and is now well placed in a company which is into healthcare (an ideal compliment you would accept). But what I said about the govt dispensary in Kerala is not misplaced information.

Rgds,

Arun

[Garuda]

Dude, i've got nothing personal against you.

Indeed they do have their own road map, but what followed in your next line didnt exactly get across very well to me and thats why i replied like that. You might not have meant it that way,but it did sound like that. Maybe now u know why my reply was the way it was.

Regards,
Sanjeev Garuda

[grabel]

Mogli Posted

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Iam not too sure if its the post-mba salary that makes ppl wanna do it

there, I feel are ppl with diverse backgrnds, as illustrated a zillion times, which some say adds to the expirience and blah blah

but by diverse does it only mean their salary or their education backgrnd?

I feel there are many factors which draw ppl to it

1: grads who have not been able to find suitable jobs and who hope that with so many companies for campus plcmnts, it will give them ample oppurtunity to get one

2: ppl bored with their job profile

3: ppl stuck at a level and who are convinced that mba wud change it

4: ppl who feel that their work-ex provides little scope for diversifying

5: die-hard wannabe richard bronson's

and am sure there are many more....
so money mite or mite not be a factor

Mogli brother, CAT is a very good career option for those people who have not acheived good jobs/job profiles. It gives one more chance to guys who were not able to do good after their graduation. It is wonderful opportunity to those who are stuck and hate their jobs....

But not everyone of us hate our current jobs.....neither we hate them nor we have some special love towards them.

This thread deals with slightly different kind of people. It deals with those who have already done well before getting into IIM's. Those who have got good campus offers in terms of money and those who are earning nice salary currently in a good job. These days many such people too are joining MBA institutions. We are just curious about the hting which is attracting them...

I would appreciate ketanm for giving such a nice and valid reason for his liking for CAT. Infact he covered almost reason one could have to join IIM's even though he has a good job at his hands.

Garuda is participating welll in this thread, we would request other IIM guys to post their views here...

grabel