Continuing with the narrative against popular belief that MBA solves all problems including but not limited to: dream job, faster career progression, work life balance, a partner with hot bod, dowry in Bitcoins, hair loss, acidity, and so on...
Had a discussion (argument(?)) with one of the prospective students from IIM C, that all is rosy at IIMs and summer placements went well.
Sharing publically available material to counter those "facts", starting with a frantic email sent by IIMC Placecom to alums seeking summer placement opportunities for 80 students before the final day of placements.
TBC in comments...
Here's the analysis by Career360 on how for the bottom 50% students, even IIM fees can become a decadal loan:
Here's an MC article on summer placements of IIMs in aggregate during our difficult times:
My mind when I read MC 🫠
Delhi se hoon BC
Here's a Livemint article on median salaries stagnating: https://www.livemint.com/education/iim-grads-get-a-reality-check-in-a-tight-job-market/amp-11723633080734.html
Um it's just a degree bro. It won't solve any problems.
But doing any degree from a prestigious university increases your chances to get a better job and network when compared to the average joe.
That is all.
It's not a blanket statement. That's the point. Doing the degree from a prestigious college cannot be the defacto option. Just like other options, it has to be evaluated for its pros and cons.
For the average joe, it makes sense. But for a person who's already in a good role / starting up / wants to be in tech as a developer / wants to be in finance and is already a CA/CFA holder - > incremental returns need not justify the costs.
As I look back on my time at IIM, I am sad that it did not live up to my expectations. The name IIM carries weight, still I feel only IIM A/B/C should be called IIMs. The new and baby IIMs are dark black spots on the brand of IIMs. Even ...
The current scenario of MBA grads from non IIM colleges is literally so bad.
They have to agree on working free of cost for SIPs just to get an experience on their resume.
Unlike IT engineers they have to go to office 5/6 days a week...
