Under Employed !!

NOTE: I am not going to talk about the underemployment in the country or in the World. Underemployment during Projects

Soon after B-School, During Final Project or research work, students are paid a meager sum of 5 to 10 thousand rupees. Almost all students engage in Selling or Research or Advertising or analysis or corporate work..... They don’t do a project as such.

After Graduation, we spend a lot of time preparing for CAT, then we make it into a Good B-School, there we see everything less than our expectation, but still we prepare hard, equip us well for a Dream MBA, then join Great companies for Summers, then again come back and have ups and downs in Marks with electives, we spend from 2 to 5 lakhs for M B A, these words!!

During December to February most of the students will be placed in all the good Institutes, but the actual job will start with the first day, or days after the initial training depending on the Industry and Company. But the real pay will only start after we provide our course completion certificate. So when a student is placed for 30k per month in Sep - 04, till Sep - 05 he will not get his degree, so he will be paid only 5 to 10 K, this is mere underemployment. Every student of ICFAI will be eligible to work full time from February. But sill we get only 25% of what we should actually get.

This situation is present in all organizations; one of my senior was placed in one such company, now for the past few months he gets regular pay (That is after 9 to 10 months). But another student was placed for less pay but he was paid fully from the beginning, so he gained much more in one year including the incentives, then he switched over to competitor to get even greater pay. In over 6 months easily company can gain Rs.100000, and some Companies gain more when they take in Bulk. Never any company mentions these in Pre Placement Talks (PPT), They say Cost to Company CTC - God only knows what are the Components of CTC and the Break ups in CTC.

Hope this situation stops, and we get full pay as soon as we are available for full time!!