Well-paid: IBA graduates salary fattens up 7.5% in 2014
Three-fourths of MBA students of 2014 batch received employment by November
KARACHI:
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.
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.