Well, the title of the article is itself not correct. MBA institutes are mushrooming like anything all over the country but they do not focus on producing quality product. Rather all of them are focussed on making huge money.
Re: Title of the article
by manish arora on Oct 22, 2009 11:47 AM
Absolutely the title of the Gyan distributed by Lord Hitesh itself in wrong.Now a days MBA has bcom a Pan Tapri shop available at every corner with the quality of education provided by most of the institutes.Except few Grade A colleges which hav somethng to offer.
I was wondering what was so special about this guy that he has been interviewed and then I realised that this in reality is a posting by the IMS guys to discreetly promote their product. I am sure there wont be any one by the name of Hitesh. However sadly the audience probably has not taken any notice of it as the entire debate devolves around whether there is a scarcity of MBAs or not. I wonder how could no one spot that out....
Have a few questions regarding MBA, business... some doubts I wish to clear so that I can think with a better understanding.
1. Why are Business related people paid more than engineers. (Like in TCS, ASA is paid more that ASE)? At the end of the day, does the Business person, on an average contribute more to the company in terms of money?
2. Man needed food, water, resources. Money was introduced for efficient barter. Years later, money has more value than food, water. In other words, in this context, what makes a manager earn more than a railway driver? (I know its harsh, but a strong answer will clarify)
3. Are Business related people paid more because they can increase the margins. The chairman gets more, the manager gets more. The reciiprocal happens with the people on other side (Customers etc).
4. A manager at 60. On an average, what will be happy that he contributed?
5. If the essense of business is demand and supply. Why learn MBA? Many theories inter-connecting many terms which finally realtes to Demand and Supply. Are these the things taugh at IIMs? (Again, harsh... looking for a strong argument)
Thanks a lot guy. Not to offend anyone, had some doubts, I could not clear myself, hence asked bluntly.
Re: Need views
by sati savitri on Oct 21, 2009 03:05 PM
good questions and good analytical skills. If only u had spent some time in preparing for IIM, u wud not have time to scribble here.
Re: Need views
by kareena malhotra on Oct 22, 2009 10:17 AM
1. business ppl manage the business and get or develop the business for the company. engineers are the one who deliver the service/product. they are workforce. business ppl develop the company and increase its profits n revenues.
2. illogical question.
3. yes. 4. if he is just a manager at 60. he wud feel tht he knows the itricacies of the work he has done which is the service or product his cmpany makes. as he wud have spent time being a non mgr before 60. so his expertise wud be difrnt.
5. for a business. its devleopment and growth is of utmost importance. and a person who reuiqres who manages the overall busniess and plans n executes its growth. not to say tht the workforce is not important. their good workmanship is important factor in comapnies growth. but someone is reqd at the top to identify n tap growth opportunieis.
Re: Need views
by Amol K on Oct 22, 2009 02:18 PM
Really good questions. I think MBA gets paid more than Engineers because they know how to use Engineers and get the work done. Good Entrepreneur is not the one who knows everything and who does everything; but the one who knows how to get it done from other people. I don't think MBA institues teach any science or Maths but they teach how to present yourself and how to command/lead the group of people. So at the age of 60, chairman will just think if his company has grown in money; if yes he will be happy.
Re: Need views
by Kalpesh Mistry on Oct 21, 2009 03:59 PM
Well earlier, MBA/MCA/BE seats were very less so people having more value but today lots of MBA/MCA/BE are available due to no of seats more. Even third class pass 12th student can get admition in any college. Earlier it was not possible. Now a days, companies are struggling for getting good M.Sc. Values depends on college student seat capacity only. Just like difference between consumer & special item. If special becomes consumer, less value.
there r so many fake one room MBA institutes in Pune Mumbai...dont just go for the sake of getting a degree many mbas from these institute cant even spk proper english...many institutes r money making cow for its directors( who r mainly politiciens )even professors cant teach properly there
Re: who says mba s are less ..there r many but less quality
by Bhimashankar Iyer on Oct 21, 2009 01:05 PM
Yet all of them earn more than Rs 3 lakhs per month as per Sati Savitri here...
The problem with the MBA in India is the hype and hoopla asscoaited with it...i mean, the salaries advertised by the MBA institutes are so bltantly untrue and fake that the All India management association needs to step in and regulate placement reporting.....
IIPM Delhi talks about huge pay packets when the reality is that no IIPM guys ever lands a job paing more than 6 lpa at max.......
Even the IIMS resort to blatant lies and unethical reporting!!
Re: Re: who says mba s are less ..there r many but less quality
by CG GANG on Oct 22, 2009 11:44 AM
R&D engineers in Hi-tech with 10 yrs experience earn 15-25lakhs p.a depending on the company. They are under less stress too.
Pls don't publish some cheap and sensational attention seeking information which is fake and untrue.....
No MBA makes 3 lakhs per month after passing out... I think you should be aware that one upmanship has taken over the IIMS by which the IIMS are falling over each other in their mad scramble to get ahead and be seen as numero uno supremo...objectivity is completely lost and all that remains is shameless, unethical veneering.
Before anyonejumps at my neck and dismisses me as a case of sour grapes, he/she is well advised to check out the real facts..
Real facts as i know them :
40 to 60 lakhs per annum salaries - Outliers going to less than 5
Median salaries : 10 to 12 lpa
Average : 18 lpa bloated by the outliers
Bottom salaries : 4 to 7 lpa even today....
These are the factual salaries at the IIMS......if anyone wants to challenge me, prove to me that the take home salary of an freshly passed out IIM grad is more than $10,000 per month or more than 2 lakhs per month.......even if you can show me one such example, i'll stand on my head!!
Rediff- please dont post articles that confuse enthusiastic and budding MBA aspirants. This guy does not know the basics of B-schools. Any HR manager worth his/her salt will vouch for XLRI as the best school for specializing in HR. No one except a minuscule percentage specialize in HR from IIMs. Stop posting ridiculous and irrelevant articles.
The statement that MBA area more in demand,but less in supply is not correct since there are thousands-rather lakhs of MBAs being produced by academic institutions -especially by private colleges.The problem is that every one-every business wants only an MBA of IIT for obvious reasons of their high standards which in turn are on account of the tough filtration process at the time of giving admission itself.If one does not mind even for a private college come out,there is no dearth of MBAs in the country-especially in states like Andhra Pradesh & Karnataka where the growth of the colleges offering the courses is like that of mushroom.One may wonder if I tell that some of the private college products who are not preferred by any reputed business firms/companies do not mind taking up the job even for few thousands-say 2 to 3 also.Further Indian mind set is so fragile that if a channel gains momentum,the tilt will be totally towards that-say eg,during the boom days of IT,every engineering aspirant preferred only computer science branch & now when once there is a slump in that job market,the tilt is towards EEE or civil forgetting that there is one more branch-mechanical which is like pure sciences with ever green demand affording opportunities to set up one's own industry or work shop.Abundance of MBA seats in private colleges is so much that it is difficult to get a seat in B.Com in a reputed college than getting a seat in a third rate MBA college.As such there is no MBAs dearth
This has to be the joke of the month in these blogs....i mean, MBAs are dime a dozen and every person less than 25 in India now seems to have an MBA...... Many of them working as insurance sales agents in companies like Bharti AXA, Pru, Metlife as salaries less than 3 L per annum........
There is such a plethora of MBAs that unless the AIMA steps in and cancels the licenses of some highly dubious management schools, this thing will continue into the future!!
Re: MBA are in high demand but low in supply!!
by ramapriyan on Oct 22, 2009 02:39 PM
You are right Iyer. MBA itself is a FAKE course. You ask a fundamental question to even an IIM MBA in Finance. He will look to the sides for answer, where as the same will be answered convincingly and correctly with exmples by any CA student. Somehow the mBA course got a media hype thanks to the unethical practice by all MBAs.
MOST OF THE ENGINNERS COLLECTED DEGREE BUT DOESN'T KNOW ITS REQUIRE HARD WORK , THEY COME FROM COMFIRT ZONE ( AC ENVIRONMENT ) DURING THE STUDY NO ONE IS ABLE TO TEACH THEM TECHNICAL DEGREE REQUIRE PHYSICAL WORK AFTER COMPLETION INPLACE OF GLAMOROUS WORK WHICH THEY FEEL . HITESH TYPE ENGINEERS :- FIRST THEY KILL A SEAT OF ENGINEERING STUDENT KILL A TRAINNING EFFERTS OF THE ORGANISATION WHERE HE SPEND SOME TIME . SHOWING A MONEY POWER OF BACK GROUND TO COLLECT MANY DEGREES WITHOUT RETURN ITS NOTHING BUT A FREE BALL PLEASE WAIT SOME TIME IT WILL FALL IN A LUCKY HOLE ,AND YOU WILL BE TREAT AS SUCCESS STOREY
