integrated b tech mba

Submitted BySwati Chaudhary

PGDM (HRM) XIMB 2011-13L&T Infotech Intern

Table of Contents

1. Objectives....................................................................................................................................................3

2. MBA Course and Career Opportunities.......................................................................................................3

3. Integrated MBA...........................................................................................................................................3

4. Why Integrated MBA?.................................................................................................................................5

5. The pros and cons of integrated B. Tech and MBA degree..........................................................................8

6. Dual degree programs in India...................................................................................................................10

7. Key differentiators between MBA and Integrated MBA course.................................................................12

8. Which course is better?.............................................................................................................................13

9. List of Colleges Providing 5 Year Integrated MBA......................................................................................14

10. Factors of Comparison...........................................................................................................................18

11. Recommendation(s)..............................................................................................................................25

12. Alternative Recommendation(s)............................................................................................................28

a. Weighted Average Compensation.............................................................................................................28

b. Compensation based on the Institute of the candidate.............................................................................31

13. Conclusion.............................................................................................................................................35

14. APPENDIX...............................................................................................................................................36

Tuesday, May 02, 2023 of 43

1. Objectives

To determine the compensation fit for the graduates who are inducted in the organization after the

completion of the Integrated B. Tech MBA course.

2. MBA Course and Career Opportunities

Different business schools all through the world offer the MBA course. Aspirants can study the

program taking specializations of their preference. The different specializations in MBA course are

Marketing, Human Resource, Finance, Operations and Systems. A Bachelors’ degree is the pre-

requisite criterion to study the post graduation course in Business administration. In addition, they

have clear MBA entrance tests for getting admission for the course in well-reputed business schools.

Some of the entrance tests conducted for the purpose encompasses CAT, XAT and MAT. Aspirants

can pursue the program on a regular basis or as part time. However, they should study the MBA

course from an acknowledged institute for getting good employments. After completing the course,

they can search out for employments in Service industries, manufacturing companies, IT industries or

in banking sector. They can also expect jobs in multi-national conglomerations.

3. Integrated MBA

The Chairman of All India Council for Technical Education (AICTE) Dr. SS Mantha has announced

that Indian colleges will be allowed to offer dual degree and integrated course in management and

engineering from the academic year 2012-13 onwards. The educationists have been waiting for such a

forward looking step from AICTE. Such programs are very common in United States of America and

United Kingdom. Many reputed American Universities such as Stanford University, Yale University,

Duke University, Cornell University, New York University, University of Pennsylvania, etc. offer

dual degree integrated programs particularly in management. Dual degree integrated programs such

as Technology and Management, Nursing and Healthcare Management, Law and Management, etc.


are common in foreign universities. Management education integrated with engineering, architecture

and pharmacy offer immense opportunities for the youth of our country. In fact the integrated dual

degree programs are not new to Indian education system. It is just that the AICTE has now opened it

for scaling up the programs due to the potential they offer.

a. Difference between a Joint Degree and a Dual Degree Programme

Universities offer ‘joint’ degrees, ‘double or dual’ degrees and ‘integrated’ programs. These

terms are often used interchangeably.

A ‘joint’ degree program is an outcome to an ‘integrated’ course of study. An integrated

study program envisages a curriculum that has been jointly designed by two (or more) higher

education institutions (sometimes from different countries) or disciplines and is regulated by a

specific set of guidelines. Students who choose the program undertake defined periods of

study in each institution or discipline in terms of duration and content. At the end of the

courses and after the relevant examinations, the students are awarded a single qualification

jointly signed by the academic authorities of both institutions and/or disciplines. The joint

degree programs usually do not offer exit option to earn a single degree as the program

content is interwoven. An example of this is integrated BBM – LLB degree. There are several

private and Government institutions offering Dual Degree and Integrated MBA programmes

in India and Abroad.

A ‘double or dual’ degree program has two possible outcomes to an ‘integrated’ course of

study. An integrated study program envisages a curriculum that has been jointly designed by

two (or more) higher education disciplines and is regulated by a specific set of guidelines.

Students who choose the program undertake defined periods of study in each discipline in

terms of duration and content. At the end of the courses and after the relevant examinations,

the students are awarded the both the qualifications (double or dual degree) by the institution.

An example of this is a student getting a BBA or B. Tech degree at the undergraduate level

and MBA degree at the postgraduate level by enrolling into dual degree programs. These


programs are designed in such a way that a student can exit from the program at a predefined

stage and earn a degree.

b. Distinct features of these programs

i. award of suitable degree at the end of the exit period subject to qualifying in the

examinations

ii. flexibility to return to the institute to pursue the remaining part of the program

during the validity period of registration

iii. no requirement to go through any admission test for promotion from the

undergraduate level to postgraduate level

iv. completing the two qualifications in lesser time than it would take to earn two

degrees separately and

v. a saving on expenses in dual degree program as it costs less for the two

qualifications than it would to learn both degrees separately.

The aim of AICTE in making the latest announcement in starting flexible dual degree and integrated

courses in management is “to make higher education more industry-centric.” This is a step in positive

direction for an educational system which is suffering from inflexibility. The students would find it

interesting, practical and encouraging. The exit options with relevant qualification are what offer

value for the student.

For a country with largest young population with wide economic disparities, these flexibilities offer

opportunities from the weaker sections, both economically and otherwise, to plan and pursue higher

education in a phased manner. Thus the current directions of AICTE promote inclusiveness in higher

education which is the need of the hour.


4. Why Integrated MBA?

In a recent research published by the University of Phoenix Research Institute, USA one of the key

skills required for future is multidisciplinary skills. To address and solve today’s multifaceted

problems we require multidisciplinary solutions. While throughout the 20th century, ever-greater

specialization was encouraged, it is expected that the next century will see multidisciplinary

approaches take center stage. A combination of engineering, architecture or pharmacy along with

management education would create a unique value for the individual which will provide long and

sustained career path and utility for the industry and the society. Even an integrated BBA-MBA

program would produce a more holistic manager as the student would soak in the principles and

practices of management over a long period and thus absorb theoretical knowledge and practices of

the profession with deeper understanding.

The current undergraduate education in engineering and technology, architecture, and pharmacy

primarily aim at imparting knowledge through classroom instructions, training and other modes of

teaching. Normally after completing the course, the student will acquire adequate theoretical and

practical knowledge in his/her branch of study. Further, he/she will be capable of applying the same

for the solution of real life problems and strive to develop/ upgrade it further through

higher/continuing education to reach the frontiers of knowledge in his/her field of specialization.

On the other hand, the 5-year Dual Degree Integrated programs in engineering and technology,

architecture, and pharmacy aim at the consolidation of the undergraduate programs with inputs of

Master’s level specialized courses and six months internship component in the industry in the form of

on-the-job training. Thus the Dual Degree Integrated programs offer higher value and are fast track

programs through which a student can get both B. Tech. and MBA degrees with a specialization in

the chosen function/sector in 5 years instead of 6 years required for the existing 4-year B. Tech and 2-

year MBA programs.


The Dual-Degree Integrated programs in Engineering, Architecture and Pharmacy with MBA lay

emphasis on academic and extra-curricular components designed for the integrated development of

engineering/technical professionals possessing managerial skills, human values and ethics. Almost all

students after graduation start their career in organizations where cooperative efforts and teamwork

are a must for the success in their career progress. Ethics, human values and discipline are of

paramount importance for meaningful cooperation and successful team efforts. The 5-year Dual

Degree Integrated Undergraduate-Master’s Degree programs lay equal emphasis on building the

theoretical foundations among the students along with industry relevant knowledge, skills and

attitudes. Cross-disciplinary exchange of knowledge is essential for industry. In the dual degree

integrated program in engineering and management, the curriculum at the undergraduate level would

be so structured that it offers enough flexibility to the students to tailor their learning process as per

their personal inclinations and the desired career objectives.

a. Integrated MBA: Saves Time

Integrated MBA is a good choice if the course is pursued from a reputed institution. The main

attraction of integrated MBA is that one year can be saved. Saving one year in studies is very

important in the present day world. In the present day world, time is money. Moreover,

joining work after completing the integrated MBA course will help gain one year of additional

experience, which is not possible for someone who completes the graduation and post

graduation through the regular scheme. If it is not an integrated course, the student will need

four years to complete the engineering course and another two years to complete the MBA

programme, thus making it six years to complete the post graduation. One year of additional

experience is crucial, as it will help in achieving a fast growth in career life.

b. Integrated MBA: Students will acquire managerial and technical skills

Another advantage with integrated MBA is that the student will be exposed to both

managerial and technical problems while pursuing the course. This gains increased

significance as most the companies look for students with management skills and technical

skills. So students from engineering background can get into management positions in


companies which operate in various engineering fields. The curriculum of the integrated

course is designed in such a way that it covers all the engineering and managements subjects

in depth as covered by any graduates or postgraduates in their normal programmes.

The Dual Degree Integrated program lays emphasis on excellence and encourages the students in the

top talent pool of the country to opt for both Bachelor’s and Master’s education in

engineering/technology and management at one stretch. Such programs aim at emphasizing the

application of the basics fundamental to their discipline towards the solution of specific real world

problems. This will accelerate the capacity building exercise of the country and bridge the gap

between industry requirements and academic institutions.

5. The pros and cons of integrated B. Tech and MBA degree

The integrated course of B. Tech and MBA degree is a five year course. The candidates who are

interested in entering the management field can opt for this course. There are many institutes in India

where the candidate can take up this course.

The candidate can get admission in these courses though entrance exam. The eligibility for these

entrance exams is to pass higher secondary exam in 10 + 2 from any recognized board. There are

large numbers of opportunities for candidates after completing B. Tech. + M.B.A integrated course.

a. Pros of integrated B. Tech and M.B.A. degree

i. The aspirants who opt for MBA after B. Tech degree has to study four year B.

Tech course and then opt for 2 year MBA course. In this way the candidate will get

the degree only after 6 years of study where as a candidate opting for integrated

course has to study only for five years. The numbers of years spent for obtaining

M.B.A. is less in the integrated course.


ii. The candidate can obtain the technical knowledge as well as managerial skill

together with this course. The candidate can shine in any industry by possessing

these two skills. This is an advantage in the case of this cross functional integrated

course as compared to integrated courses which are primarily in the same

functionality such as Integrated BBA + MBA or Integrated Law and the like.

iii. The person with dual degree can shine better as they can show both the technical

and managerial skills.

iv. The MBA degree will provides the engineers to work in a more organized way.

The candidates having dual degree will be having the knowledge of using the

management skills and technical knowhow.

v. The candidates who opt for integrated course can get both the degrees B. Tech and

M.B.A after clearing one entrance test. The candidates who study B. Tech first

have to appear for entrance test again to join MBA course.

vi. Dual degree holders are credentialed in two disciplines.

vii. Dual degree holders offer employers a range of management and training skills

and a breadth of domain-specific knowledge that can position them as an attractive

prospect and future leader in their profession.

viii. Dual degree holders have higher visibility in a pool of job candidates.

ix. A dual degree may boost leverage when it comes to negotiating salaries and

promotions as it offers two specialties and two skill sets.

x. A dual degree offers short and long-term career flexibility.

xi. Dual degree programs offer savings in time and expense.


b. Cons of integrated B. Tech and M.B.A. degree

i. Some aspirants when appearing for entrance may not be having clear idea about

both the course. The candidates who have an interest in technical field after B.

Tech can opt for M. Tech course. But the candidates who have joined for

integrated course have to study for 5 years and then only they can join for M. Tech

course. This increases the course duration by one year.

ii. Students must have the passion in both disciplines to even consider taking on a

dual degree program.

iii. Dual programs are not always ranked equally for an institution. An MBA program

may be stronger than the second program undertaken, and vice versa.

iv. Internships for dual degree candidates can be difficult.

v. Dual degrees require additional time out of the work force, putting salary increases

and professional advancement on hold.

vi. Employers may not easily allow students to take a break to pursue a degree even if

the institute offers flexibility.

vii. Institutes have to acquire the expertise to place students with dual degrees as they

are used to cater to single degree holders.

6. Dual degree programs in India

India too has witnessed a surge in the number of integrated degree programs at the master’s and

doctoral levels in the recent past, primarily from private educational institutions. Such a change is

significant and noticeable. In a country that has the third largest education sector in the world, in


terms of both student numbers and the overall number of institutions, variety in program offerings

and innovation are key for the success in higher education.

Birla Institute of Technology and Science (BITS), Pilani could be termed as the trend setter in the

dual degree integrated programs introducing them way back in 1971 with the objective of providing

maximum flexibility and lateral mobility. This has helped BITS to attract high caliber students into

its portals. For the Universities, dual degree integrated programs offer sustainable revenue

generation, too.

National Law School of India University offers integrated BA-LLB, B.Com-LLB, BBA-LLB

programs which have proved to be successful. In appreciation of these programs, industry employs

graduates of these colleges at attractive pay packages. Other reputed institutions such as Indian

Institute of Science, Indian Institute of Space Science and Technology, IIT-Madras, IIT-Kharagpur,

etc. are offering dual degree integrated programs.

IIM, Indore is the first among IIMs to offer a five-year integrated post-graduate program in

management to impart management skills to students at a very early stage. The program has a very

holistic multi-disciplinary approach toward course content. There are other private universities such

as Lovely Professional University, Amity University, Maharshi Dayanand University and

Kurukshetra University offering integrated BBA-MBA Programs. However there are no rankings

available for them.

The five year integrated B. Tech-MBA course is offered by many of the leading institutes in India.

The course is offered in almost all streams in engineering which includes Civil engineering,

Electrical and Electronics Engineering, Electronics engineering, Computer Science and Engineering,

Mechanical engineering and many.

Universities / Institutes such as IIT Kharagpur, IIT Mumbai, NMIMS Deemed University,

University of Lucknow, VIT University Vellore, etc. offer integrated B. Tech-MBA programs.

Allahabad University has already announced its integrated programs. Many other universities are

expected to join the bandwagon.


7. Key differentiators between MBA and Integrated MBA course

Parameters Integrated B Tech and MBA

B Tech followed by MBA

Duration 5 years 6 yearsCourse Fee Less MorePrerequisite Only Intermediates Graduates of any streamWork Experience as B Tech

Already equipped with an MBA, no

need to worry about getting a job in

an industry of choice.

Have an option to work before

finally going in for an MBA.

MBA Specialization Since the student will be taking up a

dual degree course, he/she will have

After completing the graduation and

working in an organization for a year


to take a decision about the

specialization of his/her interest

immediately.

or two, the student will have a

better understanding of the

concepts and will be in a much

better position to know about the

field of his/her liking.

8. Which course is better?

Each of these courses has their own uses and importance. Both the courses have their own uses and

are meant for two different types of people. Students who have completed their 12th and would like

to go for an MBA directly can go for an Integrated MBA course. Only those students who have

clarity on this need to go for this course else they can go for any other graduation and then think of

an MBA at a later stage. The students can select a course according to their preference and their

future plans.

India has more than 400 million Indians between the ages of six to 24, but only 10.4 million Indians

are enrolled in higher education. On the other hand, the industry has been complaining that the

average graduate is not suitable for employment due to lack of relevant skills and competencies. The

introduction of dual degree integrated management programs may provide an answer to

employability crisis in the graduate education, as management education focuses on skills that are


relevant for industry which the engineering, architecture and pharmacy education have not delivered.

Integrated courses could well be the solution to for the talent shortage problems that industry is

facing for a longtime.

9. List of Colleges Providing 5 Year Integrated MBA

S.No. Institution Contact Course Selection

&

Eligibility

1 Indian Institute of

Technology, Kharagpur

http://

www.iitkgp.ac.in/

topfiles/

contact_us.php

says they do not

have course

Dual Degree - B.

Tech and MBA

JEE


structure

2 Narsee Monjee Institute of

Management Studies

(NMIMS) Deemed-to-be

University

Mukesh Patel School Of

Technology Management

& Engineering

http://nmims.edu/

admissions/

admissions-

announcements/

contact-us/

4.9 : 6.7: 7 (salary)

Rest info on website

MBA Tech: 5yrs

Integrated

Management

Programme

Areas offered:

Information

Technology

Chemical

Telecom

Manufacturing/

Mechanical

Civil

XII Science

with 50%

NMAT

3 ABV-IIITM Gwalior http://

www.iiitm.ac.in/?

q=contact

Integrated Post

Graduate Programme

(IPG)

B.Tech(ICT) + MBA

five year integrated

programme

AIEEE

4 VIT University Vellore http://

www.vit.ac.in/

contacts/

mailingaddress.asp

http://

5-year Integrated B.

Tech-MBA degree

10+2 with

50%

(Admission

based on

Class XII

Marks, GD


www.vit.ac.in/

admissions/

contact_us.asp

(80 credits 4-5

batches 5 or 6

students/batch cant

access the soft

copy)

and Personal

Interview)

5 KIIT University http://

www.kiit.ac.in/

administration/

ncontactus.htm

Dual Degree (B.

Tech and MBA) 5

Years

KIITEE

2012

6 Amity School Of

Engineering And

Technology

http://

www.amity.edu/

asetau/Contact-

Us.asp

B.Tech + MBA

5 Year Integrated

Programme

Minimum

60%

aggregate in

class X &

XII and

PCM

minimum

70% for

Non-

sponsored &

65 % for

sponsored

Category

7 Guru Gobind Singh

Indraprastha University,

http://

www.ipu.ac.in/

B. TECH MBA Common

entrance Test


Delhi (DUAL DEGREE) (CET)

8 Mewar University,

Chittorgarh Rajasthan

http://

www.mewarunivers

ity.org/pages/

Contact_Us.aspx

B.Tech- MBA (Dual

DegreeCredit Based

Integrated Program)

Areas Offered:

Civil

Computer

Science

Electronics &

Communication

Electrical

Electrical &

Electronics

Mechanical

Automobile

Chemical

10+2 with

PCM with

50%

9 Gautam Buddha

University, Greater Noida

UP

http://

www.gbu.ac.in/

User_Pages/

ReachUs.aspx

Integrated Dual-

degree

Programmes(B.Tech.

+ M. Tech./ B.Tech.

+ MBA)

A candidate

of 10+2 with

Physics,

Chemistry,

and

Mathematics

securing

minimum

50% marks


(40% for

SC/ST) is

eligible to

apply for the

above

course.

10 Lovely Professional

University, Jalandhar, Punj

ab

http://www.lpu.in/

contact_us/

contact_us.php

B.Tech - MBA (Dual

Degree)

LPU NEAT

- UG 2012 is

applicable

11 Mahatma Jyoti Rao Phoole

University (MJRPU),

Rajasthan

http://

www.mjrpuniversit

y.com/mjrp/

public/

ContactUs.aspx?

cid=6

B.Tech-Dual Degree

Program

B.Tech + MBA (5

Year)

10 + 2 (50%)

with PCM

10. Factors of Comparison


The following factors can be considered while deciding the pay scale of Management Trainees with

the educational background comprising of Integrated B. Tech and MBA benchmarked against those

with the educational background comprising of B. Tech followed by MBA degree:

a. University/School Ranking

The Schools offering Integrated B. Tech MBA programme to intermediates can be classified into

Premier/ Non Premier Institutes. Based on the ranking of the institute the pay should be offered to

the Management Trainee. In case of Management Trainees hired from same level of Institutes but

differing in degree, the Trainee with a separate B. Tech and MBA degree should be paid

marginally higher as compared to the Trainee with an Integrated B. Tech MBA degree.

Going by the placement records of one of the premier institutes of management in India, NMIMS

we see that the average compensation for the Batch of 2012 stood at INR 13.04 lakhs per annum

for students from Core MBA background while for their Integrated B. Tech MBA program the

average salary stood at 6.7 lakhs per annum. In this case the difference between the salaries of the

two students from the two programmes from the same institute is close to 50%. This can be:

Integrated B. Tech MBA programmes attributed to the following factors are relatively new in

India and the trend is picking up

The Integrated B. Tech MBA programme had been launched very recently as compared to the

already established Core MBA programme of NMIMS

The cost of education is lower in case of Integrated BTech MBA programme as compared to

the Core MBA Programme

The time spent in pursuing Integrated B Tech MBA curriculum is 1 Year less than the time

spent in pursuing equivalent separate degrees in B Tech and MBA


Indian In

stitute

of Man

agem

ent

Pune Unive

rsity,

India

Universi

ty of M

adras

Anna Unive

rsity,

Chennai

Bangal

ore Unive

rsity

0200,000400,000600,000800,000

1,000,0001,200,0001,400,0001,600,000

Median Salary (Rs)

Median Salary (Rs)


b. Placement Opportunity

The pay offered to the Management Trainees can also be benchmarked against the pay offered

to the Management Trainees of the same cadre by other organizations.

InfoSys Limited

Accenture

HCL Technologies

IBM Global Services

Wipro Technologies

TCS

Cognizant

0 500,000 1,000,000 1,500,000 2,000,000 2,500,000

Upper LimitLower Limit


c. Location

The location of the Institute is also important which is imparting the dual degree to the

prospective hires. The locations can be graded in tiers according to the city/town in which

they are located. The importance is two folds:

Locations which are in tier2/tier3 cities can increase the cost per hire for the

organization

Moreover locations in cities which do not have many industries can lead to lack of

easy industry exposure to the students.

Thus location indirectly affects the compensation of prospective hires.

Bangal

ore, Karn

ataka

Mumbai, M

ahara

shtra

Pune, Mah

arashtra

Delhi, D

elhi

Chennai,

Tamil N

adu

Hydera

bad, A

ndhra Prad

esh

0100,000200,000300,000400,000500,000600,000700,000

Median Salary (Rs)

Median Salary (Rs)


d. Admission Criteria/Procedures

Students pursuing traditional B Tech and MBA have to face the highly competitive admission

procedures twice. This calls for an additional investment of time and efforts on their parts.

Moreover the admission procedures to the tier1 institutes are very rigorous and only the very

capable students are able to qualify them.

e. Course Structure

One of the most important aspects of any course is its structure. The course structure should

be analyzed to make sure that it fulfills the needs for the curriculum and at the same time it is

in synchronization with Industry needs as well.

f. Industry Exposure during Summer Internship

The industry exposure during the courses is very crucial for the students overall development

and hands on experience in the industry.

Students pursuing traditional B Tech and MBA courses have exposure to internship broadly

three times:

2 month internship during their B Tech course which has to be completed in the

relevant industry depending on the branch of engineering

6 month internship which is primarily a project (research or otherwise) during the

last year of engineering which is pursued in the relevant industry

2 month internship in the relevant function to provide adequate industry exposure

during the MBA degree

Students pursuing Integrated MBA degree do not have exposure to such comprehensive

internships due to time constraints.

g. Cost of Education

The Cost of Education is an important parameter. Since this parameter decides the Return on

Investment for the students pursuing the course, this also sets the expectations for the students

for the compensation they will receive at the end of the degree.


The cost of education is less in the case of Integrated B Tech MBA course as compared to

traditional B Tech and MBA courses. The students save on one year of education costs and at

the same time they also save on crucial year which can be utilized for additional experience

relative to their traditional MBA counterparts

h. Time

The time spent in pursuing the degree is also a relevant factor while deciding the

compensation of the candidate. Candidates who pursue the 5 year integrated B Tech MBA

course have spent one year less in education when compared to candidates who have pursued

traditional 4 year B Tech degree followed by 2 year MBA course. The Integrated MBA

candidates have one additional year at their disposal which can be utilized to earn Industry

experience which becomes really important in today’s competitive age.

Moreover the candidates pursuing Integrated MBA have also appeared for competitive exams

only once unlike the traditional degree candidates, who would have spent a considerable

amount of time and efforts in preparing for the same.

i. Average Experience

While hiring a candidate for a particular position his prior experience should also be

considered. In the case of a candidate who has completed the traditional B Tech and MBA

degree, he would have had the opportunity to have some work experience in the engineering

domain before switching over to the MBA Domain. This experience can also be made the

basis for paying the traditional degree candidate marginally higher as compared to his

integrated degree counterpart. The candidate who has pursued the integrated degree would not

be having any Industry exposure in the engineering domain except for the short stint during

the internship phase.

j. Industry Needs

o Course Structure


It is imperative to check whether the course structure is in alignment with the need of

the organization. The analysis of the course structure of the various institutes offering

integrated degree reveals that it is on the same lines as the traditional B Tech and

MBA programmes.

The course structure should also be checked against the job description of the position

in question. For e.g. a sample job description for a management trainee is given in the

Appendix.

Apart from this emphasis should be laid on the following:

On campus activities: whether the college has clubs and committees which

gives the students a chance to be exposed to management problems on campus

itself plus it also provides an opportunity to demonstrate as well as cultivate the

very important qualities of teamwork and leadership.

Live projects: to give the students a hands on experience on industry problems

o Experience

If relevant experience or Industry exposure to the engineering field is required as a pre

requirement to the position of the management trainee then the traditional B Tech

MBA degree candidate should be paid marginally higher as compared to the integrated

degree one as the latter’s industry exposure is limited to the internship period and thus

the person would need additional trainings to become industry and position savvy.


Less than 1 year 1-4 years 5-9 years 10-19 years 20 years or

more

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Median Salary (Rs)

Median Salary (Rs)

o PPO/PPI Policy

The organization can also go for a trial approach where in the students pursuing

Integrated B Tech MBA degree can be hired as interns and their competency can be

judged during the period. The ones who exhibit suitable level of proficiency can be

given Pre placement offers according to the present grade structure of the organization.


11. Recommendation(s)

The compensation of the candidate can be decided by considering the various factors of comparison

(as discussed above). Weights can be assigned to the various factors of comparison and an

appropriate compensation can be designed.


a. The compensation of Integrated B Tech MBA graduates should primarily be decided on the

basis of the University Ranking/ Reputation and Quality of the institute from which the

individual has pursued the degree. As already discussed, the current compensation of such

individuals is much lower than their corresponding traditional B Tech and MBA counterparts

but this can be primarily attributed to the fact that the trend of Integrated B Tech MBA is new

to the country and as such there is less awareness and the courses are also not completely

evolved.

For instance, if there are two candidates one with Integrated B Tech MBA degree and the

other one with traditional course, the graduates should be compensated according to the

quality of their Institutes.

b. The most important factor is the course structure. It is imperative that the course structure as

well as the pedagogy of the institute should be thoroughly analyzed before hiring the

graduates from any program. Since the Integrated B Tech MBA course is new in India, it will

take some time before the course is evolved enough to reach a suitable level of quality. Hence

if the graduates from Integrated B Tech MBA course stream are hired from the premier

institutes, this will ensure to a certain level that the quality is ascertained.

c. The candidate’s industry exposure (during internship) should be analyzed. If the industry

exposure is at par with the traditional programme’s industry exposure then the candidate can

be compensated at the same level.

d. Admission Criteria of the course should be benchmarked against the admission criteria to the

premier institutes. Since the admission criteria to the premier institutes are very rigorous in

India, these bear a considerable reflection on the candidate’s ability.

e. The compensation of the candidate from integrated courses can also be benchmarked against

the compensation that other organizations have for candidates at the same level.


f. Candidates pursuing Integrated Courses from institutes whose location are not very congenial

for obtaining good industry exposure for the student (or) increases the cost per hire for the

organization would be rated low in terms of compensation to the candidate.

g. The candidate can then be benchmarked on a scale of industry needs. First the course structure

can be analyzed based on the basis of standard (traditional) course structure then it can be

analyzed with respect to the job description. The candidate can also be judged on the basis of

average experience in the relevant field required for the position at hand. This can also be

done keeping the internship experience of the candidate at hand.

h. If all the above factors are satisfactory then while deciding compensation the cost of education

and the time spent for pursuing the course should also be taken into account. The

compensation should be directly proportional to both the above mentioned factors (given the

candidate is satisfactory in other aspects)

i. Salary Structuring Formula:

S(x) = ∑W(i)*S(i)WhereW(i)= Assigned Weight related to the factor of ComparisonS(i)= Salary associated to the specific factor of comparison

12. Alternative Recommendation(s)

a. Weighted Average Compensation

After thoroughly analyzing the present compensation level of the institutes that are offering integrated

B Tech and MBA courses, a framework for structuring the salary of the graduates of these institutes

can be drawn.


Compensation Details of the Institutes offering Integrated B Tech MBA degrees for their traditional

B Tech and MBA courses (whichever is available)

Bachelor's

Degree

(Lower

Limit)

Bachelor's

Degree

(Upper

Limit)

Bachelor's

Degree

(Average

Salary)

MBA

(Lower

Limit)

MBA (Upper

Limit)

MBA

(Averag

Salary)

Indian Institute of

Technology, Kharagpur

424,608 2,838,288 NA 587,228 2,416,097 NA

Narsee Monjee Institute of

Management Studies

(NMIMS)

280,000 450,000 NA 620,000 2,000,000 NA

ABV-IIITM Gwalior NA NA NA NA NA 3,60,000

VIT University Vellore 250865 1,035,000 NA 450000 700000

KIIT University NA 650000 420000 NA 500000 300000

Amity School Of Engineering

And Technology

NA 950000 350000 NA NA 400000

Guru Gobind Singh

Indraprastha University,

Delhi

320000 400000 NA 480000 580000 NA

Mewar University,

Chittorgarh Rajasthan

-- -- -- -- -- --

Gautam Buddha University,

Greater Noida UP

-- -- -- -- -- --

Lovely Professional

University, Jalandhar, Punjab

-- -- -- -- -- --

Mahatma Jyoti Rao Phoole

University (MJRPU),

Rajasthan

-- -- -- -- -- --


http://www.infinitecourses.com/InstituteDetails.aspx?Institute=Lovely-Professional-University&InstituteID=547

http://www.infinitecourses.com/InstituteDetails.aspx?Institute=Lovely-Professional-University&InstituteID=547

The following framework can be suggested for computing the salary structure of a new hire:

Figure 1 Salary Structuring Framework

Detailed Explanation

Detailed job profiling of the position at hand should be conducted. After analyzing the

KSA/KRA the skill set can be broadly categorized in to managerial and technical skills

needed

The percentage of technical/managerial skills required can be computed. The percentages can

serve as weights in the computation of final salary structuring for the candidates


Salary structuring formula:

Salary structure (x) = W(t) * AS(t) + W(m) * AS(m) +/- BV

Where

X= Average Salary/ Salary’s lower limit/ Salary’s upper limit as the case may be

W(t)= Weight of the technical role

W(m)= Weight of the managerial role

AS(t)= Average Salary for the technical graduates (B Tech) in that particular institute

AS(m)= Average Salary for the managerial graduates (MBA) in that particular institute

BV= Buffer Value which may fluctuate according to the company policies, external factors

such as state of the economy or internal factors such as health of the organization.

b. Compensation based on the Institute of the candidate

Methodology

1. The Business Schools in India can be categorized into eight clusters with Institutes in cluster 1

deemed to be the best institutes in the country. The Clusters and the corresponding list of

institutes are provided in Appendix (b)


2. The following framework can be used for computing the relative compensation of the

candidate based on the Institute ranking:

Figure 2: Framework for Compensation

Assumptions for the above methodology:

1. The candidates from Institutes that fall in the same cluster but have pursued different

programs will be compensated differently owing to the fact that Integrated B Tech MBA

programs are relatively a new phenomenon in the country. As such the curriculum and the


Program structure of the Integrated B Tech MBA programs are evolving and would take some

time to be completely at par with the traditional programs.

Thus the candidates who have pursued Integrated MBA will be paid x% lower as compared to

the candidates who have pursued traditional MBA (considering that both the candidates fall in

the same cluster)

2. The candidates from different clusters (but who have pursued the same programs) will be

compensated on the basis of the ranking of the clusters. The candidate from one cluster will be

compensated y% lower as compared to the candidate in the immediately preceding cluster.

This is done as the clustering of the institutes has already been done keeping in mind the

quality of the institutes on various parameters.

Estimated Compensation

To estimate the compensation we can use the formula derived below on the basis of the methodology

given above.

Derivation of the formula:

Clusters

Traditional

MBA Integrated B Tech MBA

1 A A(1-x%)

2 A(1-y%) A(1-y%)(1-x%)

3 A(1-y%)^2 A(1-y%)^2(1-x%)^2

n A(1-y%)^(n-1) A(1-y%)^(n-1)(1-x%)^(n-1)

Compensation for Traditional MBA Graduate: A(1-y%)^(n-1)

Compensation for Integrated MBA Graduate: A(1-y%)^(n-1)(1-x%)^(n-1)

where:


A= Compensation of the candidate who has pursued Traditional MBA (B Tech background) from a

Cluster 1 Institute

X= is the percentage number by which the compensation of an Integrated MBA candidate is

decreased in comparison with the traditional MBA candidate falling in the same Cluster

Y= is the percentage by which the compensation of a candidate is decreased in comparison with a

candidate who has pursued a similar program (Integrated/Traditional) in a Cluster just preceding his

Cluster.

N= is the Cluster number

Example Computation of Compensation for the various Clusters

In the example under consideration the values of the various parameters have been hypothetically

selected for explanation purpose.

A=16,00,000

X= 20%

Y=10%

Compensation (in Rs)

Cluster

Number

Traditional

MBA

Integrated B Tech

MBA

1 16,00,000 12,80,000

2 14,40,000 11,52,000

3 12,96,000 10,36,800

4 11,66,400 9,33,120

5 10,49,760 8,39,808

6 9,44,784 7,55,827.2

7 8,50,305.6 6,80,244.48


8 7,65,275.04 6,12,220.032

13. Conclusion


The Integrated MBA Course is still in its nascent stages in India. The trend is picking up fast as it

provides the requisite skills in a shorter period of time as compared to the traditional B Tech and

MBA degree courses. The compensation of the graduates of the Integrated B Tech MBA course can

be decided based on the factors discussed above while giving adequate weights to the factors. The

most important factors would be the course structure, pedagogy and the industry preparedness of the

candidate. Keeping these in mind the compensation can be designed.

Once the course structure has been adequately evolved, the day is not far away when these Integrated

B Tech MBA programs will completely replace the combination of traditional B Tech MBA

programs.


14. APPENDIX

a. Management Trainee Job Description

Position Summary

Gains knowledge and experience required for promotion to management positions under direction of

experienced personnel by performing the following duties.

Essential Job Functions

1. Receives training and performs duties in several departments such as Finance, Client

Services, Sales, Operations, Healthcare Data Solutions and IT.

2. Learns line and staff functions, operations, management viewpoints and company

policies and practices that affect each phase of business.

3. Sets performance goals and objectives with upper management.

4. Monitors performance progress with management and key trainers.

5. Observes experienced workers to acquire knowledge of methods, procedures, and

standards required for performance of departmental duties.

6. Receives training in functions and operations of related departments to facilitate

subsequent transferability between departments and to provide greater promotional

opportunities.

Other Duties

While this job description is intended to be an accurate reflection of the requirements of the

position, management reserves the right to add or remove duties when circumstances dictate.

Minimum Requirements


Strong written, verbal, analytical and presentation skills. Ability to interact effectively with a

wide range of staff throughout the company. Position requires proficiency in Word, Excel,

Access and PowerPoint. Extensive travel may be required depending upon the position.

b. Clustering of Indian Business Schools

Cluster 1

B-school Location

Indian Institute of Management (IIM-A) Ahmedabad

Indian Institute of Management (IIM-B) Bangalore

Indian Institute of Management (IIM-C) Kolkata

Indian School of Business (ISB) Hyderabad

Indian Institute of Management (IIM-L) Lucknow

Xavier Labour Research Institute (XLRI) Jamshedpur

Cluster 2

B-school Location

Indian Institute of Management (IIM-I) Indore

Indian Institute of Management (IIM-K) Kozhikode

IIM-A Agri Business Management (ABM) Ahmedabad

IIM-L Agri Business Management (ABM) Lucknow

Faculty of Management Studies (FMS) - MBA & MBA - MS, Delhi

University New Delhi

SP Jain Institute of Management & Research (SPJIMR) Mumbai

Management Development Institute (MDI) Gurgaon

National Institue of Industrial Engineering (NITIE) Mumbai

Indian Institute of Foreign Trade (IIFT) New Delhi

Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai


Tata Institute of Social Sciences (TISS) Mumbai

Institute of Rural Management (IRMA) Anand (Gujarat)

Mudra Institute of Communications Ahmedabad (MICA) Ahmedabad

Cluster 3

B-school Location

Indian Institute of Technology - Shailesh J. Mehta School of

Management Mumbai

Indian Institute of Technology - Department of Management

Studies New Delhi

MDI (HR) Gurgaon

Great Lakes Institute of Management (GLIM) Chennai

Institute of Management Technology (IMT) Ghaziabad

Symbiosis Centre for Management and HRD (SCMHRD) Pune

Symbiosis Institute of Business Management (SIBM) Pune

TA Pai Management Institute (TAPMI) Manipal

International Management Institute (IMI) Delhi

Xavier Institute of Management (XIM) Bhubaneshwar

Narsee Monjee Institute of Management Studies (NMIMS) Mumbai

Goa Institute of Management (GIM) Goa

Cluster 4

B-school Location

Symbiosis Institute of International Business (SIIB) Pune

Indian Institute of Technology - Vinod Gupta School of Management Kharagpur


Studies Kanpur


University Business School (UBS) Chandigarh

Sydenham College of Commerce & Economics Mumbai

Welingkar Institute of Management Mumbai

K.J.Somaiya Institute of Management Studies & Research (SIMSR) Mumbai

ICFAI Business School Hyderabad


Studies Chennai

Bharathidasan Institute of Management (BIM), Tiruchirapally Tamil Nadu

Cluster 5

B-school Location

SDM Institute for Management Development (SDM IMD) Mysore

FORE School of Management New Delhi

Nirma University - Institute of Management Ahmedabad

Master of Finance & Control (MFC),

University of Delhi (South Campus) Delhi


Studies Roorkee

Master of Business Economics (MBE), Department of Business

Economics, University of Delhi Delhi

ICFAI Business School Gurgaon

Loyola Institute of Business Administration (LIBA) Chennai

Lal Bahadur Shastri Institute of Management (LBS) Delhi

Indian Institute of Forest Management (IIFM) Bhopal

Cluster 6

B-school Location


Amity Business School NOIDA, U.P

Institute of Technology & Management (ITM) Navi Mumbai

Symbiosis Institute of Management Studies (SIMS) (For Defense

Personnel & their dependents) Pune

Alliance Business Academy (ABA) Bangalore

ICFAI Business School Other Campuses

Indian Institute of Social Welfare and Business Management

(IISWBM) Kolkata

Chetana's Ram Prasad Khandelwal Institute of Management &

Research Mumbai

NL Dalmiya Institute of Management Studies and Research Mumbai

Xavier Institute of Social Service (XISS) Ranchi

Birla Institute of Management Technology (BIM Tech) Delhi

Symbiosis Institute of Mass Communication (SIMC) Pune

Institute of Financial Management & Research (IFMR) Chennai

Cluster 7

B-school Location

Apeejay School of Maagement Delhi

Shri Ram College of Commerce, University of Delhi, Global Business

Operations (SRCC GBO) Delhi

Masters in International Business (MIB) Department of Commerce,

Delhi School of Economics Delhi

Master of Human Resource and Organisational Development

(MHROD) Department of Commerce, Delhi School of Economics Delhi

Institute of Technology & Management (ITM)

Bangalore, Chsennai,

Hyderabad,

Warangal

Jaipuria Institute of Management Lucknow


Faculty of Management Studies, Banaras Hindu University (FMS

BHU) Varanasi

Army Institute of Management (AIM) Kolkata

Xavier Institute of Management & Entrepreneurship (XIME) Bangalore

Cluster 8

B-school Location

New Delhi of Institute of Management (NDIM) New Delhi

Institute for Integrated Learning in Management (IILM) New Delhi

Jagan Institute of Management Studies (JIMS) Delhi

Globsyn Business School (GBS) Kolkata

Asia Pacific Institute of Management (APIM) New Delhi

Entrepreneurship & Management Processes International (EMPI) New Delhi

Skyline Business School Delhi /NCR


integrated b tech mba

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