Pursuit of Business education is by far one of the most emerging and evolving field of study. IILM being a premier B-school offers a range of options for post graduate aspirants in terms campus placement opportunities in the second year of PGDM. In this quest of obtaining a much sorted career ahead, a student paying amount of fee for MBA program expects return on investment (ROI) to pay off in the given time period. Hence, ROI is a great deal of concern for any student studying in a B-school. It is a tool that should be taken care of as the figures practically portrays the quality of education being given in school.
With over 20 years of heritage, the students opting for MBA at IILM envision a career that is diverse by nature of settling down in terms of industry selection, or expanding family business at a much faster rate. Another major factor for the students pursuing MBA is the advantage they receive after measuring return on investment (ROI). Since 2014 there has been comparatively measurable increase in the campus placements across different industries as per the market trends. Before speaking of students’ take on how positive the ROI would turn shape, it is important to focus on how soon the investment will begin to yield profit as that makes the choice of any business school more practical.
Calculating ROI is crucial and can be tricky. It works on a simple application of calculating the estimated fees of 2 years of program and further measuring with the opportunity cost that will certainly depend on the CTC/remuneration a student earns from campus placement drive. Generally the amount you earn after paying off the money spent on the program. The investment basically covers up other expenses, such as rent, food, books, etc.
Measuring of ROI largely depends on the salary of MBA graduates. Over the past few years with an emerging market student’s remuneration has remained relatively stable, but competition for jobs has been much more intense. Looking at this year’s figures in terms of placements and average salary package offered across from different industries, such as – Deloitte, Copal Amba, Airtel and Edelweiss. The average annual salary package offered till now is Rs 7.5 Lakh. As a whole, for the students of 2014-2016 IILM PGDM batch, it has been a considerable favorable year. “IILM gave my career a perspective”, a class of 2015 grad named – Aarman Singh replied in our placement survey. He was successfully placed at Deloitte.
As per the data estimation from the Campus Placements Team, 60% of MBA graduates are earning more on a yearly basis as when calculated on the fees paid by them annually for the program opted by them. The students seeking for knowledge and skill development for their career building choose for Business Studies. MBA as a degree holds a foundation of learning that is taken up for business knowledge, leadership management skills, networking and salary increase/promotion. Students seeking admission in MBA come from Family Business background, entrepreneurial ideas and those who want to upgrade their skills. ROI is essential to find the right school. Investing in MBA degree will be fruitful depending how stable the economy prosperity is at the current stage.