Recent graduates of arguably the top business school of Pakistan received on average a starting monthly salary of Rs53,000 in 2014.
Armed with a four-year Bachelor of Business Administration (BBA) degree, the average starting salary of 2014 graduates of Karachi’s Institute of Business Administration (IBA) was 7.5% higher than last year’s figure of Rs49,300, IBA Dean and Director Dr Ishrat Husain told The Express Tribune on Saturday.
The average starting salary of a BBA student was Rs33,400 a month for the graduating batch of 2010. It means the rise in the average starting salary of IBA’s BBA graduates has been 12.24% per annum for the last four years.
IBA graduates are generally considered to be well-paid, although official employment data for graduates of most other business schools is not available for statistical comparison.
As for the recipients of the Master of Business Administration (MBA) degrees, members of the IBA’s latest batch received on average Rs69,000 a month. It is 5.5% higher than the monthly salary of the 2013 batch that received on average a salary of Rs65,400 per month.
The average starting salary of IBA’s MBA students has gone up 12.23% per annum for the last four years.
As for the Bachelor of Science in Computer Science (BSCS) degree-holders, members of the 2014 batch received on average Rs45,100 a month. The BSCS graduates’ starting salary decreased 4% on a year-on-year basis, as their remuneration averaged Rs47,000 in 2013.
The annual increase in the average salary of fresh BSCS graduates was 8.12% over the last four years.
By November 30, 75% of MBA students of the 2014 batch had received employment, Husain said. The percentages of employed graduates for BBA and BSCS programmes were 88.3% and 77.7%, respectively.
“Those who have not accepted the jobs are negotiating or considering other job offers. I am quite confident that most of them will be placed by end-December or January,” Husain noted.
Published in The Express Tribune, December 7th, 2014.
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COMMENTS (18)
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I believe Indians and Pakistanis have the best brains because of our education system.
An Indian women IIT under graduate is hired by Facebook for US $ 333,333
A good degree from a good University always helps....
IBA and LUMS are indeed the only two business schools in Pakistan that compete internationally
@MJK Well said.
By the way the real winners are the entrepreneurs and businessmen who thrive and create jobs and prosperity beyond themselves.
Instead of fighting whose the best and whose the worse, why dont you guys focus on a better topic that the students of the best business school are paid three times the minimum wage. Is this the same in USA or any other developed or developing country that the students of their best business school is paid just 3 times the minimum wage (and that's an average which means some are still paid less or may be near the basic minimum wage).
Why we can't improve our brands and startup companies. Why regional players have to lead the markets and our neighbors in India leads in different industries while we are just sitting and fighting over the best business school in Pakistan.
Come out of these minor issues and start thinking big. Steve Jobs or Bill Gates aint from Harvard either. Forget about "you" or "me" and start thinking about us and our country. Where are our Bill Gates and where are our Steve Jobs? Someday i wish to see our fellow Pakistani's and their Pakistani companies making a big name.
Seeing a towel with "Made in Pakistan" tag during my recent Umra trip made me feel so proud. I had to look at it 3 times to get the full satisfaction. We need to think together for our nation instead of fighting over each and every small stupid thing .. IBA vs LUMS vs Accountants
I regularly conduct interviews of BBA and MBA students for jobs in Banking sector in Karachi. I have found average CBM students to be much better than average IBA candidates as far a street smartness is concerned. Plus CBM students are also much more committed as compared to IBA students whose level of commitment is next to nil.
Thats $8000/year. You don't need an MBA to make that kind of money. The reason for the growth is predominantly linked to the decline in the value of the Rupee, inflation in cost of living driven by income disparity and not necessarily a reflection of the demand for MBAs or their contribution to business.
@ Kamil Shah: You do not know accounting. As MBA are not good in accounting as such professional Accountants ( who are also expert in finance) often make fool of them.
Cheers
@ Kamil Shah : Accountants only do the counting. That's very naive.
@Haroon: Accountants only do the counting.... Finance and Management people call the shots.....
Leave IBA or LUMS .If you talk money, accountants rule the world.
Beg to differ. IBA is not the top business school. LUMS is miles ahead.
Its quite shocking how ridiculously underpaid new grads are,
IBA is 'IBA'