Why UGC NET in Management

 

Teaching has re-emerged as an increasingly attractive career option because of the salary, perks, social respect, stability and diversified assignments that it offers even in troubled economic times.

 

After 6th pay commission, an entry level university/college teacher earns more than a fresh IAS recruit.  The Government has shown its commitment to the profession by introducing new features like academic allowances, speedy increments and promotions. The superannuation age of all college and university teachers has been increased to 65 years, extendable to 70 years, unlike other govt officers where retirement age is 60.

 

In case of management profession, the scenario is even more lucrative. B schools professors are approached by corporate houses for consultancy assignments. According to a report, While an IIM faculty gets, on an average, around Rs 8 lakh as salary per year, he usually makes Rs 12 lakh in consulting fees making it total of Rs 20 lakh per year. Reputed private B Schools like ISB pay around 30-40 lakh per year. This figure does not include income from consultancy assignments.

 

Other than these tangibles, B School professors enjoy huge social respect among students, society and corporate houses. No wonder, youngsters are turning to teaching profession abandoning their high paying corporate jobs. From Delhi region only, around 7000 students appeared for UGC NET in management in June 2012. Two years back, this figure was just 3000.

 

 

NET in Management