Thursday, July 29, 2010

A Professional Degree Can Not Guarantee A Plum Job

If you are a student in an engineering or MBA institute that is not among the top 100 in the country, there are chances that you might not get a placement or might have to settle for a very average pay. This is irrespective of the economic scenario and the hiring plans of companies. A survey covering 200 engineering colleges and 200 MBA institutes beyond the top 100 reveals that, on an average, only 15-20% engineering students, and about only 30-40% management students get placed. Moreover, the average salaries for the engineering passouts range between Rs 10,000 and Rs 15,000 per month, while for MBA graduates, they are between the Rs 12,000-15,000 band. The survey by Elements Akademia, a talent and training company, covered 20 cities including Kanpur, Bhopal, Indore, Coimbatore, Madurai and Ahmedabad over two years from 2008. It evaluated placements and salaries of the last three years.