Grad employment offtake puts IBA top of Pakistan’s Ivy League

Published: December 22, 2012
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“Some of our students receive as many as six job offers before they had graduated,” says IBA Dean Dr Ishrat Husain.

“Some of our students receive as many as six job offers before they had graduated,” says IBA Dean Dr Ishrat Husain.

KARACHI: If a high number of students receiving multiple job offers even before they graduate is the chief yardstick to measure a business school’s performance, the Institute of Business Administration (IBA) is certainly in a league of its own.

“Some of our students receive as many as six job offers before they had graduated,” IBA Dean and Director Dr Ishrat Husain said while speaking to The Express Tribune on Friday.

Out of the 196 IBA BBAs, who actively looked for jobs in 2012, as many as 170 – or 86.7% – managed to find employment of their liking, according to the IBA’s employment survey released earlier this month. The average monthly starting salary for BBA graduates in 2012 was Rs43,200, compared to last year’s Rs36,700, reflecting an increase of 18%.

The banking sector has been the chief employer of IBA graduates in recent years. But the percentage of BBAs joining the banking sector was 18.8% this year, compared to 39% two years ago. Although the banking sector offered a salary of salary of Rs36,900 a month on average in 2012 – which is Rs6,300 less than the overall average salary this year – it still remains the single largest employer of IBA BBAs.

Husain says the fact that the number of IBA graduates entering the banking field has come down by almost 50% in just a couple of years should be attributed to slower expansion in the banks’ branch network.Dr Ishrat Husain

The education sector remained the second-largest employer of IBA BBAs this year with 13.5% graduates entering the field at an average salary of Rs36,000 per month. About 78.3% graduates joining the education field were female, according to the employment survey.

Many of the BBAs entering the education field return to IBA after getting the mandatory work experience required for the MBA programme, according to Husain.

Financial institutions were also a less preferred employer for IBA BBAs in 2012, as only 5.9% of graduates joined them at an average salary of Rs39,700 a month. Unlike the education sector, which attracted more than twice the number of BBAs this year compared to 2011, the number of IBA graduates joining the financial sector actually decreased from 14% to 5.9% over the same period.

IBA BBAs received the highest average monthly salaries in the fast-moving consumer goods (FMCG), telecommunications and manufacturing sectors with Rs70,000, Rs67,000 and Rs35,000, respectively, according to the employment survey.

Commenting about the low level of interest among IBA graduates in joining the textile sector, Husain says it was due to the “seth mentality” prevailing in the industry. “We have taught our students professional management, so they do not want to become part of the textile industry for obvious reasons,” he said.

The employment survey says 90.5% of the fresh MBAs who actively sought jobs this year found employment of their liking. The average monthly salary for IBA MBAs in 2012 was Rs66,400, which is almost 24% higher than the last year’s average.

Sales and distribution, FMCG and IT sectors attracted 26.3%, 18.4% and 15.8%, respectively, of IBA MBAs in 2012, the survey said.

“While the general impression is that there are few jobs because of the sluggish economic growth in recent years, the truth is that there are ample employment opportunities for graduates of quality educational institutions,” Husain said.

Published in The Express Tribune, December 22nd, 2012.

 

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Reader Comments (26)

  • GS@Y
    Dec 22, 2012 - 12:17AM

    Hmmm… very interesting news. All the best to these graduates. Would like to see a similar article on LUMS. Although it would be important to remember that LUMS is a liberal arts college, not a BBA factory.

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  • jack
    Dec 22, 2012 - 1:47AM

    right , they may find jobs. But conduct a random survey about how many students settle their own companies and draft a yardstick of measuring mental capabilities, you will find that they have no much to LUMS guys. I am not a luminite hence not biased, but this is what we call reality! IBA still far behind lums in Pakistan.

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  • M_ALI
    Dec 22, 2012 - 2:02AM

    Is there just these two universities in Pakistan? LUMS AND IBA?

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  • enu
    Dec 22, 2012 - 2:46AM

    @GS@Y:
    UET is better than both.

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  • PakArmySoldier
    Dec 22, 2012 - 2:55AM

    There is not single university in Pakistan which is internationally regarded – and rightly so. The research output of these universities is absolutely dismal.

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  • Arif
    Dec 22, 2012 - 10:05AM

    Another misleading headline by Tribune. Actually the numbers for IBA are really bad.

    According to the LUMS brochure for this year, the Highest MBA Salary in 2012 was Rs. 150,000. The average was Rs. 87,000 and the placement was 90%.

    In undergrad in general it was even more better than IBA. The Highest salary according to LUMS of their undergrad this year (of those getting jobs in Pakistan) was Rs. 88,000. The average salary for those getting jobs in Pakistan was Rs. 59,000.

    Just shows how much the difference between IBA and LUMS still is. Long way to go, IBA!

    These numbers are in brochures available on LUMS website http://lums.edu.pk/admissions.php and http://lums.edu.pk

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  • Ofmoria
    Dec 22, 2012 - 10:29AM

    @Jack
    Would you please quote a study, or a survey or anything of a kind proving that more Luminites move on to become entrepreneurs than IBAians? IBA is running it’s own entrepreneurship program with collaboration with the greatest entrepreneurial college in the world; Babson College. Moreover, it is offering diploma to students from Sindh for Agricultural entrepreneurship. And to top it off, it’s having highly regarded workshops with collaboration with a top Indian Management School regarding family business management to ensure that businesses in Pakistan survive the transition from first to the second generation. If all of these doesn’t bear fruit, I don’t know what will.
    But then again, I AM an IBAian so I AM biased. The thing about you not being biased because you’re not Luminite is absolute crap. Do you claim to know in detail the programs of Both the universities.
    LUMS is an amazing school. Much better than us in some programs. I don’t know about their entrepreneurial programs so I won’t comment on that. But battering IBA when you don’t know anything about either of the schools is stupid to say the least!

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  • choptocut
    Dec 22, 2012 - 12:21PM

    There are many other universities but people sitting in their departments are grossly non professionals. They are more interested in keeping their own importance intact rather than hiring professional faculty members. I am saying this on the basis of personal experience. Only IBA and LUMS responded to my emails seeking faculty position.
    [PhD Economics, Some EU University].

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  • an ibian
    Dec 22, 2012 - 12:29PM

    what is the value of numbers when the students of IBA are not satisfied
    in their own institute

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  • Parvez
    Dec 22, 2012 - 2:49PM

    Dr. Ishrat Husain has done a lot for IBA and he deserves praise for his efforts.

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  • enu
    Dec 22, 2012 - 3:33PM

    this debate between IBA and LUMS business programs is pointless, as UET’s new business school will soon overtake them. The first batch graduates in a year or two. Better start taking pointers.

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  • not a LUMS guy
    Dec 22, 2012 - 4:21PM

    Difference in IBA and LUMS is the location and method of study (case based) respectively. Getting job is not the nain idea of MBA, its consulting or setting up own business. Let’s not include executive education. I know IBA faculty did many from LUMS.

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  • TRUE PAKISTANI
    Dec 22, 2012 - 4:42PM

    i know people IBA MBA’s working on 30 k and BBA’s on 25 and 23k unka kon likhega unka bi to likho yeh to pawway walay bachon ka likh dia hai

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  • Zarqa
    Dec 22, 2012 - 6:16PM

    Ok. So you go to IBA to get a job of less than 40,000!
    And THAT is what you are proud of!
    Low aspirations indeed!

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  • Hassan
    Dec 22, 2012 - 9:06PM

    Nust is far better,as it is serving students from every background unlike these two,yet providing a degree with a worth and international recognition.

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  • sick of this nonsense
    Dec 22, 2012 - 9:51PM

    IBA has the added advantage of being the oldest business school in Pakistan. CBM & Szabist have done a very good job in being near equal to IBA in 70% less of the time.

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  • Adeel IBAian
    Dec 22, 2012 - 10:39PM

    @TRUE PAKISTANI:

    Hahahah.. WELL said janab… U are absolutely right.

    I did MBA from IBA last year in 2011 and doing a job at textile industry with 30k as u said.

    But I have an advantage that I am living with my Family at Multan.

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  • Pakistani
    Dec 22, 2012 - 11:42PM

    As great Einestine reportedly quoted that ‘Education is not the name of knowing some matters of fact, rather it is to train your mind to think‘ I personally also agree with the statement and believe that measurement scale of ‘greatness’ of any educational system, institute and management should be the same (Intellectual capability and its outcome). Apart from it the number game, is just secondary discussion. But due to evasive nature of measurment of this scale, we just indulge in the number game. So our all institutes should focus on this aspect, rather than being compalcent or disappointed over the results of few surveys.

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  • Rizwan
    Dec 23, 2012 - 12:23AM

    @Zarqa: Exactly. The sad reality is it usually takes years upon years for Pakistani graduates to simply become financially independent.

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  • Talha
    Dec 23, 2012 - 12:14PM

    We don’t find any thing these Ivy Leagues are doing for the betterment of the country, rather than getting high perks and moving abroad for better future… Govt need such people at top level to route the nation to brighter future.

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  • Pakistan One
    Dec 24, 2012 - 12:14AM

    IBA is just producing workforce for the multinational companies. I have yet to meet an IBA entrepreneur. Yet I see some amazing people, businessmen from not so famous universities who did something different from the rest.

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  • fcuk off
    Dec 24, 2012 - 9:54AM

    Why do you people feel the need to defend LUMS everytime something positive/good is said about IBA? This article, in no way, denunciates LUMS or any of its programs or its student. This reaction is defensive to say the least and only goes to show the vulnerablities of LUMS enthusiasts.
    Both institutes produce quality graduates with different USPs. IBA may or may not be producing employees for multinationals and LUMS may or may not be producing entrepreneurs. The bottom line is that our country needs both. Period.
    No one is perfect. Every individual posseses a combination of good and bad traits. Same goes for institutes. We need to focus on the good and glorify it!
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  • Hassan
    Dec 26, 2012 - 2:43AM

    I beg to differ – I have worked with MBA’s from IBA in two different organizations and their work quality and skills were poor. In comparison, I found graduates of LUMS to be far better. The BBAs of IBA that I worked with at a leading bank were totally immature. BTW I am not a LUMS graduate.

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  • Bilal Moti, Arif Habib Ltd
    Dec 26, 2012 - 9:16PM

    A bit of joke. We employ IBA graduates at 25000 per month. I think IBA has got its figures wrong.

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  • KH
    Dec 27, 2012 - 9:02AM

    @PakArmySoldier:
    Brother get your facts right, Quaid-e-azam university was ranked at number 60 in the world last year. And I am working abroad and Pakistanis and their degrees are well respected. You will not know this until you come out of the CAVE you are staying in.

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  • Safdar Abbas
    Dec 30, 2012 - 4:50AM

    This is definitely a misleading headline. And why is the writer talking about and in fact, attributing only it’s BBA and MBA graduates? Why aren’t the statistics of BS Computer Science and BS Economics & Maths graduates (and their MS counterparts) revealed in this article? Aren’t they worth mentioning here?

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