MBA Can Earn You A High Paying Job

Salary packages at some Business-schools have remained the same as last year, while at most others, it went up by an average of 5-10 percent. The average salary at IIM Bangalore was Rs 21.42 lakh against Rs 21.03 lakh last year, while the median salary went up by Rs 1 lakh to Rs 21 lakh per annum.

XIMB Bhubaneswar had an average salary of Rs 13.18 lakh, up from last year's Rs 12.44 lakh. The maximum salary offered at IIM Kashipur was Rs 53 lakh, the same as the year before. But the average salary rose by Rs 1 lakh from last year to Rs 13 lakh. The highest annual salary offered at XLRI was Rs 43 lakh, Rs 5 lakh lower than the previous batch, while the average salary went up to Rs 19.2 lakh, up by Rs 70,000.

IIT Bombay saw a rise from Rs 16.5 lakh to Rs 17.63 lakh. At DMS-IIT Madras, average salary went up from Rs 10.83 lakh to Rs 12 lakh.

Finance emerged as the highest paying domain with annual salary package of up to Rs 26 lakh at IIM Shillong, and 25 percent of the batch opting for the sector. Students at BHU have turned towards BFSI while human resources function also saw a surge in demand from industry this year, across various institutes.

The financial sector too saw substantial growth this year in niche roles such as investment banking, insurance, securities, risk management and more.

Pre-placement offers (PPO) have seen a rise in offers from companies to hire students. There was a significant increase in pre placement offers at XLRI over last year. Symbiosis Institute of Business Management, Pune saw a 37 percent of the batch bagging PPOs.

Among the big names, Amazon increased recruitments by 15-18 percent. Ola Cabs and Paytm hired three students each from IIM Bangalore while Next Education hired seven students from MDI Gurgaon.

Rajguru Tandon

BW Reporters The author is a correspondent with BW Businessworld with keen interest in HR and employee welfare.