Last couple of weeks I’ve been internally burning at the joke that my compensation at IBA had gone up by Rs. 4 per 50 minute session (increment of .003%).
I raised the issue of giving visiting faculty increase of Rs. 04 (about .003%) with Mr. Danishmand, and heads of HR and Accounts team.
It was a positive surprise to hear back from Mr. D himself. He clarified that brackets were revised, but just not in time for printing of appointment letters. After revision, my increment now stands at a whopping 20%. This is good news for anyone thinking of joining a more professional teaching setup (as opposed to running tuition centres, which really exploit on the weakness of our country’s educational system – and in fact, make it even worse by attracting talented individuals to tuition business instead of exploring university and college teaching.
Just to emphasize – not many visiting faculty is here because of financial reasons. For people like Jawed Edhi (who teaches E-Banking), the income from IBA constitutes probably .25% or less of overall compensation. And it takes significant part of our week and our leisure time. We do it because of mix following reasons:
- we are passionate about teaching the new generation about how things work in the industry and linking knowledge with decisions
- we genuinely feel we learn a lot ourselves by digging into details of subjects we teach you (like the webvan case study today)
- to get social recognition for our effort
- give back to the society who has offered us success
- passion
Anyways, just wanted to thank the IBA for making it easier for us to continue our passion.
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