Determining Salary of Professors with Help of Student Average Package of the Institute: Mba and Bschools in India

Abstract

This research aims to assist professors applying for jobs in universities or business schools offering MBA or PGDM programs in calculating their remuneration. Despite various factors, such as years of experience and education qualifications, professors often receive less pay than they deserve. So We collected data from 236 universities in India To address this issue, we focused on determining the correlation between the average salary package that institution facilitates to its students through placements and the remuneration given to its professors then we used statistical analysis to develop an equation that would help professors calculate the appropriate remuneration.