IBA says goodbye to batch of 2011, barely out of school and landing in their first jobs

Published: December 3, 2011
Email
Young graduates threw their motorboards into the air to celebrate their graduation. PHOTOS: ATHAR KHAN/EXPRESS

Young graduates threw their motorboards into the air to celebrate their graduation. PHOTOS: ATHAR KHAN/EXPRESS

Young graduates threw their motorboards into the air to celebrate their graduation. PHOTOS: ATHAR KHAN/EXPRESS
After being called onto the stage to collect their degrees, graduates walk back to their seats at the IBA convocation ceremony. PHOTOS: ATHAR KHAN/EXPRESS

KARACHI: About 89% graduates of the latest batch of MBAs have already found jobs, said Dr Ishrat Husain, dean and director of the Institute of Business Administration (IBA), while addressing the 12th convocation of the institute here on Friday.

He said recent IBA MBAs received on average the monthly salary of Rs42,000, which was significantly higher than what the graduates of other business schools received.

As for the BBA programme, Husain said 74% graduates had found jobs as of November. “Ten per cent of the BBA graduates have joined family businesses, 7% decided to pursue higher studies, and only 9% are currently looking for jobs.”

He said the average monthly salary of an IBA graduate with a BBA degree was Rs33,000.

“The BBA is now a terminal degree, and BBA graduates will henceforth be entering the job market as management trainees,” he said.

Talking to The Express Tribune, MBA graduate Taha Ekram said half of his classmates had received multiple job offers before graduation. Ekram, who now works for a fast-moving consumer goods (FMCG) company as a researcher, said IBA had undergone significant changes during the past three years. “Things are getting better. Standards have improved, and IBA’s reputation is more established now.”

He said the banking sector did not absorb as many IBA graduates this year as it did during the past many years. “They’re apparently not hiring this year. Banks used to be the major employers of IBA graduates. But most jobs were on the marketing side this year,” Ekram said.

He said that although the average salary MBA graduates received was Rs42,000, the figure didn’t reflect the accurate job market situation. “While some graduates are getting Rs80,000 a month, there’re actually quite a few graduates who’re getting just a little over Rs30,000.”

A total of 610 candidates received their bachelor’s, master’s and PhD degrees. About 33% of the graduates were women.

For the first time, IBA awarded a PhD degree this year: Quratulain Nizamuddin received a doctorate degree in computer science.

Terming 2011 the best year in his three-and-a-half-year tenure at IBA, Husain said it was the “year of progress and execution” because of the culmination of a series of initiatives that would make IBA the top business school in Asia.

He said IBA recently received accreditation by the South Asia Quality Assurance System (SAQS). It is the second business school of Pakistan after the Lahore University of Management Sciences (LUMS) to have received the SAQS accreditation.

The chairman of the IBA board of governors, Justice Munib Akhtar, presided over the convocation. Governor Ishratul Ebad could not attend the ceremony, Husain informed the audience, because he had to “take care of the law and order situation in the city.”

Published in The Express Tribune, December 3rd, 2011.

Facebook Conversations

Reader Comments (45)

  • Latif
    Dec 3, 2011 - 3:52AM

    Awsome!!

    Recommend

  • Shehryar Khalid Rao
    Dec 3, 2011 - 6:59AM

    Good luck to the new all the new graduates. Make us proud.

    Recommend

  • Dec 3, 2011 - 11:11AM

    Welcome to the Practical life….
    YOUTH is what it takes for a country to PROSPER….
    Also pray for your brothers and sisters from FATA who don’t have these facilities… Lets hope that one day there is an IBA in FATA too…. Aameen…

    Recommend

  • Vaqas
    Dec 3, 2011 - 12:30PM

    IBA FOREVER!!!

    Recommend

  • T.P
    Dec 3, 2011 - 1:37PM

    It must be such a wonderful time in your life when you throw your cap up in the air, and you feel that all that you studied for has been accomplished. Congrats to all the graduates!

    Recommend

  • lubna shamsher
    Dec 3, 2011 - 1:41PM

    awesome

    Recommend

  • IBIAN!!
    Dec 3, 2011 - 1:58PM

    Ibian’s never die… they reunite in HELL! (-:

    IBA forever…

    Zee

    Recommend

  • Voice of Baloch
    Dec 3, 2011 - 2:03PM

    The government should encourage International universities from UK, U.S and Australia to open their campuses in Pakistan, Like they did in Dubai and Malaysia. This way students don’t have to go abroad and get the quality education in their home plus more international students would be attracted as well.
    Being highly dependent on just few universities doesn’t guarantee good education :)

    Recommend

  • FATA bro
    Dec 3, 2011 - 2:12PM

    You have GIKI. The best engineering school in Pakistan.

    Recommend

  • Kamran Paracha
    Dec 3, 2011 - 2:48PM

    Unfortunately our education system only focuses on creating managers and not entrepreneurs.

    Recommend

  • UMI
    Dec 3, 2011 - 2:50PM

    Well done IBA!!

    by the way ET has written incorrect headline…. how can batch of 2011 can passout in 2011??

    They students must have been belong to 07 or 08 batch…

    Recommend

  • bilal-human-muslim-paki-sindhi
    Dec 3, 2011 - 2:55PM

    im so happy for my sister !!

    Recommend

  • Safeer-e-Hussain
    Dec 3, 2011 - 3:00PM

    Yeah it was 2007’s batch :)

    Btw..! Sad.
    @ET IBA also produces BS Graduates!

    Recommend

  • Anjum
    Dec 3, 2011 - 3:02PM

    Great news, then it makes it worth for these young people to get an education. No o e van ever take this away from them. This also reflects that despite the chaotic situation in Pak, the things are moving in the rigjt direction toward prosperity and inshallah unity.

    Recommend

  • IMU
    Dec 3, 2011 - 3:10PM

    @UMI The batch is named after the year it wil pass out. not by the year they enter the uni. Any uni student should know this

    Recommend

  • Sadaf
    Dec 3, 2011 - 3:15PM

    Batch of 2011 means that the class passed out in 2011, that being the terminology.

    Recommend

  • Boy
    Dec 3, 2011 - 3:18PM

    One word:LUMS.

    Recommend

  • Sadaf
    Dec 3, 2011 - 3:21PM

    Also, Kamran, the IBA is very pro-entrepreneurship. Although this article doesn’t mention it, the IBA Entrepreneurship society was elected best society of the year, for 2 years running. A lot of management courses at the IBA are related to setting up entrepreneurial ventures, and small business management.

    From next year, IBA will offer the four-year BBA in Entrepreneurship, which is being developed in close association with Babson College, the top college as far as entrepreneurship is concerned.

    So IBA recognizes the major impact entrepreneurship has on economic growth, and so do its students.

    Recommend

  • Fauzan Naeem
    Dec 3, 2011 - 3:26PM

    @Kamran Paracha:
    You are right. But things are changing I feel. Additionally you just don’t need to be taught the entrepreneurial way. There are other ancillary activities and support systems that boost entrepreneurship, and these are scarce in Pakistan.
    Although, where there\s a will, there\s a way.

    Recommend

  • Nzaar
    Dec 3, 2011 - 3:57PM

    Umi,

    The convention is always that you are known as the “batch” of the year you graduated in, not when you joined (since some people take more courses, others drop out and rejoin, others never graduate, etc.).

    Recommend

  • From Across The Border
    Dec 3, 2011 - 5:23PM

    what is the average pachage of IIM Ahemdabad????

    Recommend

  • Yellow
    Dec 3, 2011 - 5:56PM

    Batch of 2011, i want to see you all at Imran Khan’s rally on the 25th !Recommend

  • Akber
    Dec 3, 2011 - 6:08PM

    IBA makes us proud …Yessss …We did it :)

    Recommend

  • jalal
    Dec 3, 2011 - 6:22PM

    Engineers all the way! Down Down MBAs!

    Recommend

  • Aamir
    Dec 3, 2011 - 6:53PM

    @UMI
    Batch of 2011 means that it will pass out in 2011.

    Recommend

  • Dec 3, 2011 - 8:24PM

    @FATA bro:
    GIKI is in Swabi (KPK) and not in FATA… Even then we are happy that we have such institutions serving Pakistan. YOUTH is our HOPE.

    Recommend

  • Dec 3, 2011 - 10:03PM

    @Kamran Paracha and friends out their..
    IBA is working hard on the Entrepreneurship side. IBA has started a new BBA-ENTREPRENEURSHIP program dedicated for fresh ENTREPRENEURS and a dedicated building specially for them is on construction named ‘Centre for Entrepreneurship Development’.

    Recommend

  • salsa
    Dec 3, 2011 - 10:10PM

    wow!! wow!! wow!!
    i love IBA..

    Recommend

  • Bilal
    Dec 3, 2011 - 10:45PM

    Hain ….. thats a pathetic status ….. I graduated 3 years ago and my first salary was 67 K ….. that too 3 years ago …..

    Recommend

  • Proud Christian
    Dec 4, 2011 - 4:49AM

    IBA needs to start implementing co-op terms for its students. Internship is the most amazing thing you can have on your resume.

    Recommend

  • Dec 4, 2011 - 9:57AM

    Dr. Ishrat has done wonders! PTI should keep him on their panel of advisers although his policies tend to be very pro-american :p #ptitroll

    Recommend

  • Tabba
    Dec 4, 2011 - 11:20AM

    @Sadaf:
    IBA has already started the entrepreneurship program and i am a part of it. if you are a student of IBA, you will see new things in February 2011 ;)

    Recommend

  • Wasay Ahmed
    Dec 4, 2011 - 5:41PM

    IBA Rocks !

    Recommend

  • Umair Waheed Sheikh, Khayban e Hafiz,IBA Karachi
    Dec 4, 2011 - 7:29PM

    IBA Foreover guys. Anyone interested in RB then send me a message. We need some graduates on the Sales side.

    Recommend

  • Umair Waheed Sheikh, Khayban e Hafiz,IBA Karachi
    Dec 5, 2011 - 12:01PM

    @Bilal:
    Where are you working man?

    Recommend

  • saad
    Dec 5, 2011 - 5:03PM

    I think it was batch 2007 and class of 2011.

    Recommend

  • Muhammad Yaqub
    Dec 6, 2011 - 6:40PM

    Do you have a directory of the recruited people. How many are left or in search of job and how are providing guideline to the jobless person to save them from frustration.

    Recommend

  • Qandeel
    Dec 9, 2011 - 11:07AM

    NUST Business School! ALL THEY WAY!!!

    Recommend

  • abid
    Dec 15, 2011 - 11:41AM

    IBA is a great Institution. I have some memory to share. In 1995, I attended a two-month class (IBA Exam Preparatory classes conducted by IBA itslef). I can recall two person of that class. (1) Amina Khan (Now ads director, she used to be with Ahsan). (2) Syed Musharraf Ali Zaidi. Now a Political Analyst seen on Talk Shows very often (after two weeks class he moved to LUMS).
    I regret that i couldn’t clear that exam only because of English Language. But my strength was Maths & GK (I got highest mark in GK in the exam taken at the end of those classes).
    May be anybody can recall. Because I was the only male student who wore ‘Shalwar Qamees’ when entered in that class.

    Recommend

  • Shehzad
    Dec 15, 2011 - 2:24PM

    @UMI:
    A batch is know by its year of passing…..if you take admission in 2012, it will be called as batch of 2016.

    Recommend

  • Samee
    Dec 16, 2011 - 7:35PM

    Rise and Shine FolksRecommend

  • Muhammad
    Dec 17, 2011 - 2:39AM

    I graduated a year back and earned more than 70K which not even the MBAs earn :P I am a GIKI made Engineer! I am proud of my school.

    Recommend

  • H
    Dec 17, 2011 - 5:40PM

    @ abid: hmmmmm yeah i think i remember you man, me and some guys at the back of the glass nicknamed you google earth for your vast knowledge about current affairs and world history :)

    Recommend

  • H
    Dec 17, 2011 - 5:41PM

    @UMI: my ignorant friend a batch is recognized by the expected year of graduation and not on the year of induction.

    Recommend

  • H
    Dec 17, 2011 - 5:44PM

    @Muhammad: Giki is an awesome Engineering school, but on a lighter note, my friend graduated from LUMS undergrad last year summer and now earns a salary of 400k which not even engineers and their professors earn ;)

    Recommend

More in Sindh