Indian Institute of Management (IIM) is Much Better Option than Ivy League !!
These guys are just 23-24 years old, girls and boys, without any work-experience, but many of them (about top 20% of the class, or probably more) are getting Final Jobs of $110K to $220K -- Goldman to ML. Analyst and Associate both mixed position, but most of them in Investment Banking & in Consulting !!
Their education cost is just $5000-$7000 for entire MBA (Though, they give PGDM, not MBA - Post Graduate Diploma in Management, which is considering to be equivalent to MBA).
So, with these figures, their ROI is the best and Pay Back period is far less !!
NOW, There is NO need to go to HARVARD, WHARTON or COLUMBIA and fu**ing pay them $75K-$120K (plus few $$$ to American Government) just for some "State-of-Art" but without any "intellectual" education !! For international student $5000-$7000 is nothing, and they get same or probably more salary than what HARVARD, WHARTON and COLUMBIA gets !!
World is changing!! Are you ready for competition??
Payback time less than Ivy League
TIMES NEWS NETWORK[ WEDNESDAY, MARCH 14, 2007 01:57:49 AM]
AHMEDABAD: The annual salary turnovers at IIM-A has shot up by 19%, thanks to the growing demand for these graduates worldwide. Put together, the 224 graduates, who opted for placements this year have bagged total salaries (annual salary turnover) worth Rs 56 crore a year.
This is over 19% higher than last yearâ€™s total annual salary of Rs 47 crore bagged by 235 students. This also indicates that the payback period for a graduate at the IIM-A is now less than a year as against a pay-back period of over four to five years at Ivy League B-schools.
On an average each student at IIM-A has bagged over Rs 25 lakh a year in salary compared to last yearâ€™s Rs 20 lakh, registering a growth of 25%. While in terms of expenditure incurred, students at IIM-A spent less than Rs 3.20 lakh for the two-year flagship programme, the returns in terms of salary, domestic and overseas put together, have been as high as Rs 25 lakh a year.
Of the total salary turnover of Rs 56 crore about 60% or, Rs 33.41 crore was bagged by graduates with overseas placements. A large part of the 63 foreign acceptances were made by i-banks and consulting firms. Though the overseas placement this year is lower than last yearâ€™s 73, the salary turnover is still higher.
In domestic placements about 137 students together achieved salary turnover of Rs 18.63 crore against last year's turnover of Rs 12.53 crore to about 129 students.