Hey nobody gets a dream hike...its just exagerrated. To be precise - yes MBA grads are paid high...but there are some finer points to it.
1. A MBA grad from a good institute and getting a really really fat pay, something 20-20 lakhs per annum, cannot be a fresher. He must be the one who has 4 years of industry exp, and quit job to get admitted in the IIM or ISB. So its a jump like 10-25 or 12-30. Getting a 50% or 100% salary hike in the range above 6.5 lakhs is difficult, thats where B-schools make the difference.
2. There are non-MBA professionals working well, like a sales guy with a great performance record and commision in crores, does not care for a B-school degree. No company will invest in B-school grads, had they found such people readily. A guy who sells baloon knows more abt selling than a fresher from IIM.
3. I think not everyone should race to get a B-school degree. Think of starting your own with basic idea being creating a good revenue model and I promise you will earn more than a B-school grad.
4. Altough both Mukesh and Anil are graduates from B-school, their father who shd get a lot more credit had not even be to college. Osho - Rajnish - Some call him a spiritual leader - he is actually a management guy - no formal B-school guy but think of the leadership qualities he had. The loyality of his followers was unconditional. Sunil Bharti Mittal - Founder of Bharthi telecom, one guy whom even Dhirubhai was fond of. He could see some competetion from
RE:do u really need a b-school degree???
by rohit gupta on Apr 08, 2008 12:29 PM Permalink
i suggest biju to read what u have written i want to ask him ,if he can ans,what aim he has got in his life?? yaar such tasteless life no one would hope of what u are sying might be true,but for those pple like you...not for amibitious one like ME..!!
RE:do u really need a b-school degree???
by BIJU KRISHNAN on Apr 08, 2008 10:23 AM Permalink
Also if u hear from a B-school grad that his pay is 7 lakhs - make sure u ask him how much his variable and commision is. Yes the guy can earn his full variable pay, but then its his talent...not the B-school degree. So effectively he is earning only 4.5 to 7 lakhs in most cases.
RE:do u really need a b-school degree???
by rna on Apr 08, 2008 10:27 AM Permalink
BIJU..... After reading above, one this is sure....You are not ambitious.
RE:do u really need a b-school degree???
by BIJU KRISHNAN on Apr 08, 2008 12:06 PM Permalink
are u a phsycologist....! Sorry for the spelling..! But if u have even a pence worth of brain u wd have understood what i put across.
Just tell me if ur a man or a woman...! I could explain the rationale behind why u think I'm not ambitious.
