Are MBAs in India overpaid !!!

rj031086

rj031086

Rohan Jain
Today's headlines reports an IIM-C student got 1.6cr package. Another IIM-B bagged 1.44cr package and IIM-A 1cr package.

Do they really deserve so much package or are MBAs in India (specially in elite institutes like IIMs) being overpaid.

Comment .........
 
i guess thats a question of the gone days. now a days they sure are UNDER-PAID. the recession has defenately done its part...
 
rishabh226 said:
i guess thats a question of the gone days. now a days they sure are UNDER-PAID. the recession has defenately done its part...
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not recession time......... considering the recession is somewhat over and ppl r getting placed wid gud packages.. specially in IIMs as i mentioned earlier MBAs r gttng so much pay...the question is are they getting overpaid ??? '1 cr per annum is a hefty amount'
 
Can you arrange for their resume's please Rohan.

My understanding is that they got placed in finance sector as vp's or cfo's.

I'd love to hear what their salaries and profiles were before they got into IIM.

I'm assuming these guys who bagged amazing packages have proven past track record which is enhanced by an IIM degree and hence the packages.

Would like someone to throw more light on the topic
 
kartik said:
Can you arrange for their resume's please Rohan.

My understanding is that they got placed in finance sector as vp's or cfo's.

I'd love to hear what their salaries and profiles were before they got into IIM.

I'm assuming these guys who bagged amazing packages have proven past track record which is enhanced by an IIM degree and hence the packages.

Would like someone to throw more light on the topic
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Well tried extracting info abt the students but cudnt gt it.

Just managed to gt this link from their website-
IIMA>Recruitment>Students Profile
which gives a fair idea abt their experience n student's profile.

Will try to gt d info of concerned students ASAP :)
 
In most cases, MBAs are not really overpaid but the C2C figures given by companies and inflated media reports show false figures (as happened in recent IIMB placement report). For correct reports, one must check the placement report published on websites of B-schools.
 
In most cases, MBAs are not really overpaid but the C2C figures given by companies and inflated media reports show false figures (as happened in recent IIMB placement report). For correct reports, one must check the placement report published on websites of B-schools.
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So yes the ctc and the inhand amounts vary and are inflated significantly by the media. Again, seeing the breakup one could fairly say that over 50 % students who got into IIM A had work experience.

So a lot of profiles would actually happen as lateral placement which eventually justifies their salary.
 
Cant comment about over paid or less paid but surely wonder whats so unique about them that companies are shelling out so much money for a fresher !!:SugarwareZ-243:
 
kartik said:
So yes the ctc and the inhand amounts vary and are inflated significantly by the media. Again, seeing the breakup one could fairly say that over 50 % students who got into IIM A had work experience.

So a lot of profiles would actually happen as lateral placement which eventually justifies their salary.
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Name: Shishir saxena
IIM Calcutta, Package- 1.6cr
Experience: 2yrs
Ranker of IIM-C .

Another one is Asad Masoor(surname not sure) who gt 1.2cr without experience but a good profile candidate.

Source: My friend in IIMC (2009-11 batch)

I still wonder how companies are so confident about them, specially a fresher that they are offered so high package. Getting a crore means candidate will be able to create a magic for the company or bring revolution as if he will come as a messiah for them or Probably, creating 100cr wealth for the company for his 1 cr. Just kidding :) But still i really wonder !!! Seriously hatsoff to those who gt these salaries n companies who offer that much.
 
All IIM passouts are usually misfits for any org. they join....... cos they get a fat pay cheque with tremendous amt of pressure....... n they quit the org in 6months and try geting a job wid same sal ... they dont get obly..... n finally waste 6months - 1yr and settle in any org with 1/4 - 1/8th of the original sal...... its a true fact..... cos i kno ppl who hav done that........ guys ......MBA is an overpaid n expensive degree....... to learn commonsense.... tas all......
 
MBA's in India are not necessarly over paid, but i'm not convinced that most MBA's offered by universities are up to the standard, universities must be better regulated....
 
no i dasagree with the statement it is confined to only goob bshoo;s and others mba/s woek is exploited by paying min
 
no at all mba is not overpaid there are any persons who are woking just fro 15 -2o thousands in big cities:SugarwareZ-239::SugarwareZ-239:
 
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