Typically, 80% of the entrants into IIMs aare engineers. For some strange reason the tests are designed in such a way that as an engineer you have a greater chance of belling the CAT.Does this mean only engineers can manage? What if you are a lawyer wanting to manage your law firm better, or a journalist wanting to manage your newspaper better, or a biochemist wanting to manage your R&D company better? The IIMs have already decided that you are unfit to be a manager. IIM-B's web site on the contrary says 'candidates from diverse backgrounds are selected.'
Out of the pool of students that graduate from these colleges only 10% join engineering companies and the rest 90% sell consumer products, manage mutual funds or join IT companies.
When they do their engineering courses, these people obviously have no intention of becoming engineers. They are using their engineering education merely to give them an edge over other competitors at the IIM entrance examination. Incidentally, 30% of them are from IITs and being an IIT-IIM graduate is considered to be a badge of honor.
The world over, engineers do an MBA to acquire skills to manage their engineering industry better, not to switch to alternate high paying careers.
Added to this, the governement spends an average of Rs.4 lac annually and 8 lac if he/she's and IITian for engineers who pass out from governement subsidised colleges. this means that a hard earning tax payer is paying for the engineering education of a person who has no intention of using his engineering. This definitely is not the intention of government subsidy of engineering education.
An annual ritual (currently on) in all the IIMs is the great tom-tomming of the pay packets of their fresh MBA graduates. How many professions have you heard of where so much noise is made of the starting salary of graduates? how many times have you heard of an IIM graduate turning a loss making company into a profit making one?
These high paying lucrative jobs are the attraction for engineers to change the course of their careers. Just because they are good engineers doesn't mean they are good managers as well.
Its high time that people realise the value of education as a way of living rather that considering it as a way to earn fat pay cheques.
u may be very correct...
ReplyDeletebt do u thnk getting into engg in d 1st place s very easy?!
nd den after getting in2 it, surviving in d same 4 FOUR whole yrs s a child's play??
wen engineering students pass out, dey indeed hav invested der 4 precious yrs working rele hard....so if dey dnt gt n edge over others it wud b rele v v unfair....
The question you asked in the title can not have any valid answer, maybe in China, yes but not here. And anyway its time people get over IIMs. As you said, there have been hardly any notable game changers who call an IIM their alma mater. I believe that says quite a lot about what they have to offer.
ReplyDelete@Riddhi
Im assuming that you are an engineering student or have an engineering background. Forgive if Im wrong. You make engineering sound like a tool to get an edge over students of other courses. Should'nt engineering or any other course of study for that matter be taken for the sake of learning rather then as a power up?
im not here to decide whether IIMs dont live upto the hype that they create or not. i'm just here to make people realise that they shouldnt be using an IIM degree to just earn more money rather consider it as another learning experience and use it a value addition to their graduation degree.
ReplyDeleteAn engineering course is a professional degree course. A very short time to transit between school and a job, don't you think? well, i think everyone has their own choice and maybe just being thrown into a college doesn't mean you need to follow that course or do a job in a related field. Explore!...:D
ReplyDelete@ kritin :- explore!!! yeah right... then how is it that almost everyone who pursues engineering after school pursues an MBA? and come on after school anyone is matured enough to understand as to whether they like physics or business? and 4 years is definitely not a short time...
ReplyDeleteWell.. if you do some research.. the word engineer means much more than the understated preconceived meaning.. engineer means "a skillful contriver or originator of something" for which a person needs to have a sound aptitude and that is exactly what they test in the mba entrance exams.. and rest is what the stats say that a reasonably greater no of engineering background students/professionals fall in b schools.
ReplyDeletebtw..engineering doesn't mean building machines, cause u can engineer anything.. an idea, a strategy, people growth, client focused delivery, etc.