Believe it or not, Indian MBA graduates are now being hired at Rs 10,000 per month

We had heard about MBA graduates working at not-so-great salary packages in B-grade companies, but being offered as less as Rs 55,000 by employers is a bit too much!

In a three-day placement by Gujarat Technological University, students were taken by shock to see most companies offering just Rs 1.20 to Rs 1.44 lakh per annum to MBA students from Ahmedabad, Rajkot, Vadodara and Surat. That would make for a Rs 10,000 salary monthly. For the kind of high-pressure job expected by these graduates and the value of an MBA considered in India, it's almost humiliating to be offered a salary less than what engineering graduates get in India.

Moreover, these students have paid between Rs 55,000 to Rs 1 lakh to pursue the course and most of them are getting no returns. Around 300 such students had participated in the recruitment interviews which was conducted by a financial company. It later refused to raise its offer over Rs 1.44 lakh.

Also, more than half of the MBA seats have no takers. Reports suggest students are not happy with GTU as the institute has not negotiated aptly with the companies to get the best packages for its students. Moreover, the institute has also earned a bad reputation for the way its course is structured.

Meanwhile experts are citing reasons like students are not job ready, there are too many applicants for one position and there’s a huge demand-supply imbalance which is leading to this situation.