Salary Packages for Indian MBA Graduates

The popular perception of doing an MBA for an assured pay check seemed to fade away as soon as recent studies revealed that nearly 40% of the MBA graduates failed to touch the expected margin. It does not mean that the demand for an MBA degree has become less. With more and more foreign conglomerates entering into the country the opportunity for MBA graduates is immense. However, the survey may be revised as the economy revives and offers MBA graduates the expected salary.

However, it should be remembered that you will get the actual benefit in terms of your salary only if the degree is earned from a reputed institute. These institutes are usually the ones that can be categorized as the top notch institutes. During their placements, these are the ones to get the benefit of placement that offer high salaries to students. 

On the other hand a recent study conducted over the salary packages offered to the MBA graduates shows that top notch institutes get a jump of nearly 70% in the salary structure and signing bonuses of companies visiting business schools to offer jobs. Companies like Google, Nike, J P Morgan, Johnson and Johnson, Procter and Gamble, Pepsi Co, BMW India, Sony Electronics, Deutsche Bank, Toyota, Nestle and Hindustan Uni lever are some of the companies that offer best of the salaries to the candidates they recruit during campus placement. While considering the salary packages you must take into account the fact that the demand for an MBA fresher and professional mainly comes from the financial services sector, the consumer goods companies and the consulting firms.

If considered, IIMs have witnessed a dramatic growth of salaries during the past few years. Students from ISB in 2013 got 20% more salaries than their senior graduates. Numerous companies frequently visit this campus including Boston Consulting Group, Credit Suisse, Deloitte, Deutsche Bank, AT Kearney, Nokia, Philips, Cognizant, and so on. Students also enjoyed a huge signing up bonus in the same year. Students from IIFT have also been seeing salaries moving northwards each year.

Moreover, brand of the institute matters a lot in deciding your post MBA salary. Most top companies in the world look to recruit only the fresh graduates who come out of top b-schools. This is probably because of the fact that there are only a few MBA colleges spread across the country and many, from different undergraduate programs, are looking to grab an MBA degree because the degree apparently holds a lot of importance.

What would be your salary post MBA depends on lots of factors such as brand of the institute, individual performance, prior work experience, the company one is joining, which segment of industry and so on. Nevertheless, MBA is still a lucrative career option in the long run in spite of economic downturn. However, you should always aim to pursue it from a top category B-school without settling for lower grade colleges.