treyhey

Bumping up ctc for post mba, need opinion

Hi all, Looking for some suggestions on the group on my current situation

I currently make 85k pm in hand (wfh) which makes my inhand fix to around 12

I have been offered a new role in mumbai for 18 lpa fixed. My goal is to prep for cat

Should I consider this switch?

Post mba does your pre mba exp and ctc matter in placements?

18mo ago

ElonMusk_

X.com18mo

You need to consider this, assuming you get placed in top IIM schools.

You will not be earning anything in these 2 years. So it's 18*2 = 36 lakhs
Cost of doing MBA. Average cost 25L for 2Y + 5L expenses

So total 66 L

Once you complete MBA, average placement in IIM other than A,B,C is 18L and A,B,C is 25L

So your expenses after graduating will be higher due to education loan. You can make a decision based on the above matters.

As per my opinion, it doesn't matter much for average Tech guy.

LegalTimer90

stealtg18mo

This is a good analysis but don't underestimate the network and connections you create during MBA

Msd123

Stealth18mo

Average placement figure is scam in a lot of colleges. Fixed Component kitna milega woh batao...a few colleges claim 20-25 avg and no one ends up getting fixed Component above 20.

BrisbaneBunny

Bollywood18mo

It makes sense to go for an MBA when your current salary is around 30-40k per month. Your opportunity cost increases for doing an MBA when you hit anything above 75k per month. Unless you want to completely change your domain from tech to finance/marketing/consulting I don't think an MBA is required.

treyhey

Stealth18mo

The second point, yes : that's the reason 🥲

BrisbaneBunny

Bollywood18mo

Then just go for it. Make sure to do it in a good b-school because the kinda peers and connections you get there are priceless in the long run.

Msd123

Stealth18mo

MBA mat kar bhai...Shanti se switch maar k package badhaao

treyhey

Stealth18mo

Arey apne current domain se bahar jaana hai 😖 and ab baaki domain accept hi nahi krre, isliye mba jara

Msd123

Stealth18mo

CAT can go pretty random at times. So, jaroori nahin ki ABC mil jaayega. Agar software development pasand nahin toh pasand kr lo ya phir MBA kr lo, soft skill waale role mein chale jao jisme bolna jyada and bhasad jyada jhelni ho...ho skta h post mba 18 ya usse Kam mile

Randomization

Stealth18mo

85k in hand is after deducting taxes and other things?

Your in hand will be arnd 1.2 if you opt for the new job in Mumbai.

Mumbai is expensive and will come with added responsibilities of managing chores, work and studies and enjoying Mumbai life.

If you want to study, why not study at home, will save you commute time in Mumbai.

treyhey

Stealth18mo

Yes after taxes and other things. The only reason I was looking for a switch was to 1) get a big brand 2) to increase my ctc ~> both under the assumption that post mba placements would be benefitted by it. (But not sure if my assumption is correct)

FancyChino64

Stealth18mo

After a certain level, MBA from good colleges matter in many companies.... think about that as well.

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Can anyone please help me out? Please 🙏

Or get it on the stores.

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