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Having an MBA can make you rich in India even now

Money matters

Money matters

While salary packages at some B-schools remained more or less the same as last year, at most others, it went up by an average of 5-10%.The average salary at IIM Bangalore was Rs 21.42 lakh (versus Rs 21.03 lakh), while the median salary went up by Rs 1 lakh to Rs 21 lakh per annum.

Big packages

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). IIM Kozhikode had a maximum salary of Rs 37 lakh, unchanged from last year. 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.
Top gainers

Gainers included IIM Trichy, which saw a big jump in maximum salary from Rs 23.8 lakh to Rs 33 lakh this year. The average cost to company (CTC) offered at the Shailesh J Mehta School of Management, IIT Bombay saw a rise from Rs 16.5 lakh to Rs 17.63 lakh. At DMS-IIT Madras, average CTC went up from Rs 10.83 lakh to Rs 12 lakh.
Not so good in hiring

National Institute of Industrial Engineering (NITIE) saw an average salary of Rs 15.86 lakh, while the maximum domestic package was Rs 39.5 lakh. WESchool saw a sharp dip in maximum salary from Rs 21 lakh to Rs 15 lakh.

Domains in the limelight

At IIM Shillong, finance emerged as the highest paying domain with annual CTCs of up to Rs 26 lakh and 25% of the entire batch opting for the sector. In FMS-BHU, BFSI (banking, financial services and insurance) had a 47% share. At MDI Gurgaon, the human resources function saw a surge in demand from industry this year.

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

Companies increasingly opted for the pre placement offer (PPO) route, preferring to hire students they had tried and tested as summer interns. There was a significant increase in pre placement offers at XLRI over last year. At Narsee Monjee Institute of Management Studies, 42% of the batch received PPOs and PPIs (pre-placement interviews), a 20% increase from 2016. At IIM Trichy, pre-placement offers interviews shot up by 19%. Symbiosis Institute of Business Management, Pune, saw 37% of the batch bagging PPOs.
Sectors gaining prominence

Ecommerce, IT, operations offers rose even as international offers doubled at FMS Delhi. Digital profiles being offered at IMI New Delhi rose.

There was a sharp change in marketing profiles of fast-moving consumer goods (FMCG) companies from classic sales and distribution profiles to digital advertising. At IIFT Delhi, companies were conservative and hired for established roles only. For them, FMCG was a sector where growth was aggressive. There was an increased trend toward digital marketing and business analytics at WE School. At IIM Kozhikode, there was an increase in offers made by healthcare companies.

SBI emerges prominent recruiter

India's biggest bank was in aggressive hiring mode across campuses. State Bank of India was the top recruiter at IIM Kashipur, hiring seven students, with Hindustan Petroleum Corporation a close second with six offers.

Xavier Institute of Management, Bhubaneswar (XIMB) had 10 offers from SBI, and IIM Trichy and IIM Udaipur had six offers each.

First-time recruiters

In keeping with a trend that has steadily been gaining momentum, more new recruiters entered the fray, as institutes tried to balance out the drop in individual numbers per recruiter. IIM Lucknow had as many as 52 first timers including Societe Generale and UAE Exchange. There were 42 new companies that came to XLRI while SP Jain Institute of Management and Research had over 30 new recruiters including Cipla and Cummins. At IIM Indore, close to 20 new recruiters showed up.

At IIM Rohtak, firsttime recruiters included finance companies like Muthoot Fincorp, IDFC as well as Alpen Capital, among others. At Great Lakes Institute of Management, Chennai, new recruiters included Adobe, Grant Thornton, Larsen and Toubro as well as Shell, while at Goa Institute of Management, first-time recruiters included ITC, Welspun and Alstom, among others.

Startups / E-commerce hiring

Despite ecommercestartup hiring plummeting across campuses, some companies made their presence felt. Among the big names, Flipkart stayed away but Amazon more than made up for this by increasing recruitments by 15-18%. Ola Cabs and Paytm hired three students each from IIM Bangalore, while Uber and Swiggy hired one each. Culture Machine and Bluestone, among others, hired from IIM Lucknow. At XLRI, recruiters from this space included Paytm, Rivigo, Uber, Oyo as well as Shopclues. Next Education hired seven students from MDI Gurgaon, while Rivigo hired three. Pharmeasy hired one student from IIFT Delhi.

Source :http://economictimes.indiatimes.com/jobs/having-an-mba-can-make-you-rich-in-india-even-now/money-matters/slideshow/60119156.cms

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