with all those hopes ,all those ambitions"I'll make it big". I will graduate to be a part of the upper strata of biz world most softies-- burn midnite oil and finally make it to the b-schools of India classified as A B C categories. Those who get the A-class"the big IIs are lucky enuff but the ones making it to the B-graders..the other so called hep b-schools of India dont realise tht they r giving up high paying systems jobs to join the same company 2 yrs later.thtz a very bitter truth though many of us get to know it only aftr 1 yr of joining b-schools.
what u lose ?? a big ques to answer...u lose hair....lots of it..stress doubles.. :).there are lot of opportunity costs...u lose onsite opportunities in ur previous co.s ..u lose ur GFs ;) ....who r unwilling to wait for u...onsite money..big bucks....but U hav a diploma added to ur name....
Is it worth it..looking into the financial perspective of it..Lets consider MBA from a b-grader as a project and lets look into the NPV of this project.
considering a softie with 2 years of work ex (average salary lets say= 20 k p.m.)
the cash flow in the first yr CF0 =-1.5 lakh(say the first installment of fee) +(-50 k ,service bond agreement penalty)+(-4 lakh onsite bucks)+(-2.4--onsite salary u lost)
goes on as an annuity
CF1=-2.5 (say the other half of ur fee)+ (-3 lakh -the offshore salary u lost) etc..
now ur cash inflow comes only at end of 1 yr(if u get a decent summer trng placement)
CF1'= + 40 k (lets say 20 k p.m for 2 mnths)
and then starts the actual calculations
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Good brief and this mail helped me alot in my college assignement. Gratefulness you on your information.
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