Hi Keerti,
The numbers you were given for PGPX don't seem to add up. For IT Project Leads with average experience of 9 years from the IT industry, the average salary is 13L. See
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Assuming those joining the course are good enough to earn a couple of lakhs more than their peers, that will still translate to 14-16L as incoming salary. Even if outgoing salaries started at 16L, I'd say very few would have earned less than their incoming salaries. My suspicion is that those who received less than their incoming salary were probably looking for a job role switch and were willing to take the hit. Of course, one assumption here is that we are not comparing before-and-after salaries of those who relocated to India.
Looking at the possibility of average salary being overhyped by the highest offer... Let's say the highest salary was 50L (I couldn't find the actual highest anywhere, so making this assumption), and 2 students got this number. If so, using a base of 63 students and average of 20.1L, the average for the rest would have been 19.1L. Given the kind of economic situation in which they graduated - where even mass-scale recruiters like Infosys had frozen hiring for freshers completely, which would mean that manager/executive openings would have been non-existent - I'd say this was pretty good.
About whether I would be willing to take a pay cut - my objective post MBA is to join a small organization with general management responsibilities. I intend to use this opportunity to grow with the org and then translate the skills acquired to a larger firm in a leadership role. For me, a cut in pay (if it really comes to that) is acceptable as long as the program gives me the opportunities I want. I anticipate the the salary growth trajectory would be much sharper than my current salary growth, and I'm willing to take a long-term view of things rather than just look at the salary coming out of b-school. There's also the soft factor of doing a job that is more desirable than what I'm currently doing. I'm not sure how to place a monetary value on that.
Quote:
Originally Posted by keerti_p
Puys,
This has been a useful discussion.
I am still dilly dallying. I talked to ex-students of both PGPX and ISB.
ISB students told me about the difficulty in placing those with higher experience and that the salaries/roles offered to them were at par with the students with lesser experience.But the gainers at ISB are the ones with lesser experience who see a substantial increase in renumeration and roles.
PGPX students were of the opinion that I should not have very high hopes of placement in terms of renumeration post PGPX. With an average experience of 8/9 years, the average salary of 20 L looks a dismal figure.
Assuming there would be many more people below this average, I assume many guys in that experience range also get placed well below this salary.My concern is wouldnt a guy with 8/9+ years already be in that salary range or above it.The average salaries are further jacked by the single overhyped highest offer. He further went on to say that most people were placed at the salary levels before joining PGPX and sometimes even lesser than that.
Any thoughts ?
For those arguing that MBA is not a money making machine would you take a pay cut or go on similar salary post PGPX/ISB ?
PS- do i have to have a google id to join the admits/WL google group.
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... However, I would like to ask what had changed so much in the last 6 months or so that you finally decided to give it a pass. I mean what was the purpose that you started with in first place and how do you see that it will not be achieved by PGPX?
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