Talking about the average salaries, MBA graduates across India from top B-schools attracted a price tag of Rs 21.42 lakh. This clearly depicts a marginal rise compared to Rs 21.03 lakh of last year.
Coming to the individual packages now, even the salary offers being to MBA students saw good growth, especially when it comes to highest offer being made. XLRI – one of the most respected MBA colleges in India saw the highest offer of Rs 43 lakh.
MBA students walking out of campuses of top MBA colleges in India like IIMs, SJMSM and XLRI still continue to be quite high, as can be seen in the data provided above.
if you are planning to join any of the tier 2 level B-schools, be ready to face some challenges as far as pay packages are concerned. But on the brighter side, students from these B-schools also find several recruiters who are willing to hire them even in the slow economic environment.
Another change that is a good development as far as MBA education in India is concerned is the rising dominance of PPOs or Pre-Placement Offers. Recruiters / companies are increasingly adopting the pre-placement offers route to get hold of young MBA talents.
Now coming to the more important aspect of MBA Placements i.e. identifying which domains still dominate the MBA job markets. As expected, Banking and Financial world which is highly dependent on excellent management tactics and principles, continue to dominate the MBA job markets.
While 2015-16 saw a decline in the number of hires going to e-commerce and IT domains, this year these two made a comeback of sorts in the MBA placement season. Several IT Majors and E-commerce giants such as Amzaon were seen participating at the placement sessions at the top B-schools.
Another encouraging trend which emerged during the current placement season was the rise in the number of first-time recruiters who approached IIMs and other top MBA colleges to look for management hires.
Finally, coming to the golden word that almost every MBA graduate would have somewhere at the back of their mind ‘Start-ups’. Since last few years, Start-up culture in India, especially in their core incubation centers of Bangalore and Powai (Mumbai) have seen several setbacks.