FYI, All salary numbers quoted in the post below are in the Indian Metric System of Lacs Per Annum.
Today was quite an exciting day. For the first time I decided to sit in the Control Room and figure out what people were up to. For once, I also got to witness that under chaos, even B-School grads can be funny and sloppy managers. Anyway, thats one part of the story. Coming to some of the people who were still in the placement process. One incident, as heard from another trusted friend. The company offers 19 and the guy asks for 30. There was no scope for negotiation. The offer never happened. The guy is one of the best people in the batch. He lost out because he had insane expectations.
And there were few others who used their other offer to bargain and get more from another firm. This was total bad behavior as the companies themselves did not like students doing this. They clearly mentioned to the students that they were not here to match another firm but to match the skills to their organization. And these were all the fledgling MBAs with less than 3 years experience. All they had evaluated was what they could earn in the next month and nothing about their future in the organization. Their aim is to get as much as possible and then quit in the next 6 months for some more. I hope none of these mindless people join with me at work. I wouldn't want to listen to them at all.
Today being the fourth day of placements was a key determinant for a number of people who still did not have a single offer. Some of them got really offended by the way the single offer owners were acting. Frankly, you don't have two horns just because you graduated from the ISB. You still don't have the experience. And the companies here value your experience and decide to pay you. You can't expect a run of the mill IT company to double or triple your salary. If you wanted that, then you should have been smart enough to get one of those finance or consulting jobs.
And the other norm that is being followed on campus is calling up people and asking them to attend interviews. Off late, people have decided by themselves not to appear for the interviews for which they have been shortlisted. The reason might be because they have opted to be out of the placement process or they have one offer and want to pick the next one carefully. But they are not polite enough to get their asses to the venue to let the people know that they will not attend the interview. They expect the student coordinators to call them to find out his/her royal highness' preference. I was asked to call a few people today. After a few phone calls, one guy asks me on the phone - "what is the current salary that's being offered?". Full of frustration, I tell him a number that I remember from nowhere and then he says "Oh thats low. I cant come". Then I decided to stop calling any of them. If required, they'd come by their own. The jobs needn't wait for such people.
Actually, some people here are just so greedy and foolish. They don't know that they are not worth the money they are demanding from these firms. They also don't understand that they are jeopardizing a number of people who haven't had a single offer as yet. And they still do it. Till now, I was blaming the system for a number of reasons. But there are so many others (so called MBAs) who are also at fault. Only god can take their case.
2 comments:
This explains why 40% of MBA grads shift jobs within 1 year. They see money has the primary criteria rather than the job they suit. Makes me wonder why we are asked the "What we want to do after 5 years" question in B-School interviews when ppl in their school can't decide for themselves.. :)
If you are Sam Walton, then you have to be in Supply-chain management or Retailing not Investment Banking just becos IB pays more.
Well, if you told them the truth, you wont get your admission. Nobody wants to hear your frank opinion. They want to hear something out of the world. The one that creates the WOW factor.
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