Monday, November 27, 2006
It's not all about money, honey!
27th November, 2006 - Economic Times
Contrary to popular perceptions, about 95 per cent under-graduates at management schools across the country are more interested in the job profile rather than the pay packet it comes with when they get offer letters. But the foreign dream is still there with 79 per cent keen to start their careers offshore.
These are the findings of a survey conducted by industry chamber Assocham which polled 271 respondents.
These studied at Indian Institute of Management (Kozhikode), Indian Institute of Foreign Trade, Birla Institute of Management Technology (both in New Delhi), Institute of Management Technology (Ghaziabad ), SP Jain Institute of Management and Research (Mumbai), Symbiosis Institute of International Business (Pune), Xavier Institute of Management (Bhubaneswar), ICFAI Business School (Hyderabad) and Institute of Agri Business (Bikaner
According to the findings, when MBA graduates do pick up a high-paying job, it’s to fund a higher standard of living, or to fulfil family expectations and responsibilities, to repay hefty education loans or to save for investment in entrepreneurship.
But when given a choice between working for a growing company or an established one, 60 per cent of the respondents opted for companies in the growth phase.
Developed economies with better working conditions, good living standard and promising growth potential lure India’s talent pool as 79 per cent of MBAs wish to work abroad. Among these, 65 per cent want to be in the US. The United Kingdom and Australia are the next favourite destinations with 34 per cent and 24 per cent respectively .
Europe, Canada, Singapore and UAE are among the other popular countries in terms of choice. In sectors, banking was the most preferred field followed by consultancy, marketing and information technology.
Contrary to popular perceptions, about 95 per cent under-graduates at management schools across the country are more interested in the job profile rather than the pay packet it comes with when they get offer letters. But the foreign dream is still there with 79 per cent keen to start their careers offshore.
These are the findings of a survey conducted by industry chamber Assocham which polled 271 respondents.
These studied at Indian Institute of Management (Kozhikode), Indian Institute of Foreign Trade, Birla Institute of Management Technology (both in New Delhi), Institute of Management Technology (Ghaziabad ), SP Jain Institute of Management and Research (Mumbai), Symbiosis Institute of International Business (Pune), Xavier Institute of Management (Bhubaneswar), ICFAI Business School (Hyderabad) and Institute of Agri Business (Bikaner
According to the findings, when MBA graduates do pick up a high-paying job, it’s to fund a higher standard of living, or to fulfil family expectations and responsibilities, to repay hefty education loans or to save for investment in entrepreneurship.
But when given a choice between working for a growing company or an established one, 60 per cent of the respondents opted for companies in the growth phase.
Developed economies with better working conditions, good living standard and promising growth potential lure India’s talent pool as 79 per cent of MBAs wish to work abroad. Among these, 65 per cent want to be in the US. The United Kingdom and Australia are the next favourite destinations with 34 per cent and 24 per cent respectively .
Europe, Canada, Singapore and UAE are among the other popular countries in terms of choice. In sectors, banking was the most preferred field followed by consultancy, marketing and information technology.
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