Articles from The Hindu BusinessLine

A bigger bang for your MBA buck in India

It pays to read between the lines when B-schools make tall claims There are close to 4,000 business schools in India, and more than 3.5 lakh graduate from these programmes every year. Can the country’s job market create so many well-paying jobs? Before aspirants set out to do their MBA programme, it would be worthwhile to ask what B schools tell you and what you should be asking them. We have a 100 per cent placement record: You will see that even Wharton or Harvard do not have the ability to guarantee a 100 per cent record. What you need to ask is “How many people got placed in the school’s most recent class?” Do not look at statistics on placement from four years ago. Many schools will have 3-to 4-year old statistics. If a school claims to have placed 10,000 people, ask out of how many? Many MBA programmes have multiple branches. Ssimply looking at placement numbers without the denominator is not sufficient. Average salary and the value addition: The average salary of the students was ₹4 lakh or ₹5 lakh or ₹8 lakh Does that average salary include the following: Joining bonus: If the average salary figure includes a joining bonus, or relocation bonus, then that should not be a part of the average salary figure. The joining bonus is not given every year; only the first time. However, some schools will use that for the average figure. Does your average salary include the people who were not placed? For example, if out of 100 people, only 1 gets a placement with a salary of ₹4 lakhs per annum and the remaining don’t get employed, you need to ask if the schools include the zeroes for those...