Saturday, November 17, 2007

MBA: A bubble about to burst

All that glitters is not gold. The salaries which are said to be given are the CTC, and a major portion is performance based incentives which is extremely difficult to achieve. One more angle to the story is all these positions are offered by the global investment banks which I am afraid to say is a like a balloon which is expanded as per the requirement. If the investor doesn't get returns the jobs will be immediately curtailed. I also don't understand why big manufacturing and software companies don't offer these kinds of salaries. Is it they can't afford or the grads doesn't deserve. Giving a crore as salary is not so uncommon in today's Corporate India. I think it is bubble to burst as MBAs don't have any specialised knowledge in comparison of that of an ICAI, ICWAI, ICSI or IITan. The big question is that what do they contribute? Any MBA who has succeeded in the corporate world has some other conventional degree or he is simply a genius

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