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Saturday, June 19, 2010

Rs 5,000-8,000 for an MBA ????

                                                                                                            (A update by dna india)

Despite her anxiety about entering the job market in a few days, Sunitha  is not overtly optimistic. The 23-year-old, who has just completed her engineering degree, has to be content with a modest pay package of Rs 90,000 per annum at a call centre. 

However, Sunitha says she is lucky to have at least got this job, as several of her classmates from her engineering institute in Davangere, about 265 km from Bangalore, are still
scouting left, right and centre for one. 

She says that even though various surveys suggest the job market is improving and hiring is thriving again, the situation in tier III towns and institutes is still gloomy. “There were hardly 4-5 firms this time at my institute who made offers to just a handful of students. Salaries are more or less similar to what I have been offered,” says Sunitha.

Sailing in the same boat is Namit Kumar (name changed), whose MBA institute in Cuttack, Orissa, mostly lay barren as far as placements were concerned. Namit was lucky to have got a sales job in a retail firm as a result of his own job hunt, for a monthly income of Rs 5,500, minuscule compared to what students from reputed institutes get. 

“The entire course fee for two years was nearly Rs 4 lakh, but after spending so much, all I get is peanuts,” complains Kumar. Namit and Sunitha’s story is a grim reality despite talk of jobs and fancy salaries brimming all over again.

Rishi Das, co-founder and CEO of Bangalore-based talent
acquisition firm CareerNet Consulting said that usually, students settle for salaries of Rs 5,000 then work hard, gain whatever experience they can, and start hunting for jobs with bigger organisations.

IIM A mba gets set for new session 2010-12 with 20% increase in students

                                                                                                                                                                     ( A Update by Mba universe)

 IIM Ahmedabad, the apex B School in India too is all set to welcome the next extended 2010-12 batch of MBA Students from Monday, June 21, 2010 onwards.
Unlike the other top B Schools, IIM Ahmedabad has not undergone any change in the curriculum but it has made the room bigger for the IIM  MBA aspirants. 

IIM Ahmedabad makes the room bigger for the students
 This year, the number of seats has been increased in IIM Ahmedabad. Hence, the admission of the number of MBA students has gone up to 385 provisional admissions in 2010 from 312 last year. “For 2010 we have made 385 provisional IIM MBA admissions. In 2009 we took 312 MBA students for our Post Graduate Program in Management,” mentions an official from IIM Ahmedabad.

Contact  Study hours
According to IIM Ahmedabad, for the 2010-12 batch, or the PGP I students, the contact hours is 2040 hours. While the contact hours for the second year MBA students is 1360 hours. “For the PGP I batch, the contact hours is 2040 hours with 25.5 credits and the PGP II batch has 1360 hours of contact hours which give them 17 credits,”  says IIM Ahmedabad.

There are few courses which requires industry interface. The course itself organizes that industry visit for the MBA students. “There are a few courses for which industry visit is required. For that, the industry visits are organized during the course for the MBA Students,” IIM Ahmedabad says.