The highest package offered is
` 12.5 Million to IIM Calcutta
Indian Institute of Management (IIM) Calcutta announced 100 percent campus placement this year for its MBAEx, which is a full time one year MBA program for experienced individuals. The average salary of the 2019 batch is 10 percent higher than the previous year. Amazon, Accenture, Sapient, Ford and Swiggy were the main visitors this year. The highest package proposed is ` 12.5 million, on the domestic job roles, which is nearly 40 percent, rise as compared to 2018.
Who got the highest package?
During this year’s campus placement, at least four business schools — Management Development Institute (MDI), Gurgaon; Indian Institute of Management (IIM), Kozhikode; Indian Institute of Foreign Trade (IIFT), Delhi and Tata Institute of Social Sciences (TISS) Mumbai, have crossed the ` 20-lakh average salary mark for the first time. This in a sign that companies are eager to offer generous packages for the talented individuals even in a lacklustre market.
Prof (Dr) Azhar Kazmi, Professor Department of Management & Marketing, King Fahd University of Petroleum & Minerals, Saudi Arabia said, “Recruiters are looking at set of skills and these set of skills are a combination of abilities and challenges. In the future, every work place has the potential of turning out to be cosmopolitan. Therefore, since the beginning it is important for students of nurture themselves to that level of diversity. Building up a global mindset, teamwork ability, working on organizational & communication skills are extremely good for management students which are offered in top most institutions.”
Talking of salary comparison over years
The average annual salary of a B-school graduate was ` 9.3 lakh in India. However, as per the Campus Salary Hiring and Employment 2018 report, done by online assessment platform Mettl, “From the data collected from 31 tier-I and 49 tier-II business schools across the country, the average package presented at a tier-I institutions was
` 15.38 lakh and at tier-II it was ` 5.34 lakh.”
The colleges who received the ` 20-lakh average salary mark, there has reported an increase of 20-25 percent in the number of companies paying such packages. At MDI Gurgaon, 55 companies paid salaries of ` 20 lakh or above. Whereas, at TISS Mumbai, there’s been a 25 percent increase in such organisations.
At IIFT Delhi, there’s been a near 78 percent increase in the number of companies paying over ` 20 lakh, from 27 last year to 48 this time. The number of proposals in this range has also soared 54 percent from 87 to 134.
Companies that offer top salaries
According to sources, the campus placement companies offering the high end packages were Airtel, Amazon, Asian Paints, Avendus, Bajaj Auto, Citibank, Colgate Palmolive, Dell EMC, Deloitte India, Flipkart, ITC, Lodha Group, L’Oréal, Mahindra & Mahindra, Marico, Nestlé, Reckitt Benckiser, Reliance Industries, Samsung R&D, Oyo Rooms, Rivigo, Swiggy, TAS and Uber. Corporations proposing above ` 30 lakh at IIMK include McKinsey, Bain, BCG, Microsoft and Colgate Palmolive.