Usually a MBA from a good institution is a Good resource. Now any company will want to have a good resource in the company and not with a competetor. When there is huge demand and less supply pay increases. Simple demand supply determines the pay package. Now once a MBA gets into a company they either succeed or fail (drastically). Now one success in 10 is worth for the company. I saw some comments which were totally biased against MBA's. I think many people who do MBA have material in them for the package they get.
In the end whether they reach board room depends on how they do the job. This has nothing to do with the course.
Being arrogant is also one quality required for management. You cannot Win with humility in many cases.
Its the hands-on practical experience that counts . not a bookish mba from a name brand institute . salary may reflect the worth of an mba candidate but he should not compare (or even mention )himself with that of federal reserve chairman who decides the fate of financial markets . it is one of the worst stories i read in rediff
Market finds it's own balance. If the pay of an MBA graduate is incommensurate with the revenue he/she gets for the company, then this thing wouldn't have continued for long. So what is this guy howling about
Why is this entire hullah over this article.. what you intend to get from MBA and why MBA is entirely upto urself. if you over expect from it.. its your fault. i belive an MBA is all about your own development,netwoking, and some academics. what else do u expect ? certainly not a short cut to high pay packages ..
RE:What to make
by saurav anand on Dec 26, 2007 12:48 PM
i think the main reason why MBA guys get high salaries is the filtering process...i mean look at GMAT,CAT,SNAP,XAT,IIFT etc. these entrance exams basically filter out the best brains in the country into the best institutions. the corporates don't have to go around picking out the best from a huge human resource base...instead,they just go to these B-schools where they find what they want...someone with sharp intelligence and good soft skills. most of these corporate jobs apart from finanace(where u do need to be gud at finance concepts) require commeon sense and gud interpersonal skill. somebody who can get ppl to see things from the perspectives he wants them to see. otherwise tell me how much help are concepts of a kotler...when u are selling soft-drink or soaps in a remote town of Bihar or UP.
RE:What to make
by kiran reddy on Dec 26, 2007 01:34 PM
Would my answering your question add any value to the discussion or would it help you help you understand things better ?? tell me .. by the way.. iam Male.. Ohh... did that scare you off..
Entire Curriculum is a rag-tag from all other courses....2 from eco., 2 from Accountancy, 2 from M.Phil ....etc. The entire exercise is a farse in the name of MARKET proficiency and for some Academicians to make money and create a false hype .By getting a piece of paper no body becomes a Market Expert..... all fools.
i agree every bit with this article. i think as mba graduates, we are given all high and false hopes of corporate world, so much so that most of us face dejection on being hit with reality. we think of only baordrooms/ CEO and not about the practical/ operational problems!