MBA hirings have been at all time high now, with a good increase in average and median MBA Starting Salary as per the GMAC Report 2018. In this article we bring to you all you want to know about MBA Starting Salary 2018 in India and Globally.
MBA Starting Salary 2018 in India
Global Scenario of MBA Starting Salary 2018
The projected median base starting salary for recent MBA graduates in the United States in 2018 is US$105,000 (Rs.71.40 Lakhs) as compared to US$85,000 for direct-from-industry new hires and US$65,000 for bachelor’s degree new hires, according to the 17th Annual Survey Report by GMAC.
Asia Pacific: 90% Demand for MBA Graduates
Demand for MBA talent is strongest in Asia Pacific, where 90 percent of responding employers plan to make MBA hires in 2018. In the globally conducted survey, 52 percent of responding companies who participated in the survey, plan to increase MBA starting base salaries this year. 85 percent of responding US companies and 64 percent of European companies plan to hire fresh MBA graduates in 2018.
47% Recruiters Plan to hire International Talent
Forty-seven percent of companies plan to or are willing to hire international talent in 2018. 65% European employers plan to or are willing to hire international talent in 2018.
MBA Data Analytics in high demand
71 percent of responding employers plan to place recent business school graduates into Data Analytics roles in 2018. This puts data analytics among the top job functions employers will place new business school graduates into in 2018, alongside business development (74 percent), marketing (70 percent), and finance (69 percent).
Overall, about half of responding companies (52%) plan to hire Master of Data Analytics graduates in 2018, compared with 35 percent that hired them in 2017. The survey found that hiring demand for Master of Data Analytics graduates is strongest among Asia Pacific employers, among whom 62 percent plan to hire in 2018. About half of employers in Europe (50 percent) and Latin America (47 percent) plan to make similar hires.
More Employers offering Education Assistance
According to the survey, most US companies (61 percent) offer financial assistance for employee education and talent development. Among those companies, 2 in 3 (66 percent) have increased their budgets for employee education and talent development as compared with five years ago.
More Employers offer Internships leading to Job Offers
The survey finds that most employers plan to bring on MBA interns in 2018. MBA internships are most prevalent in Asia Pacific and the United States, where 65 percent and 62 percent of employers plan to offer them, respectively. Internships continue to be an avenue to jobs for many business school graduates. Internships provide a way to understand a company, the culture and expectations and remain a good opportunity to obtain permanent positions.
MBA Starting Salary 2018 in India
Even in India the scene has been overwhelming when it comes to MBA Starting Salary.
Average MBA Starting salary in few of the top B Schools of the country is as follows. Average of their averages stands at whopping INR 19.61 lakh per annum.
- IIM Calcutta – INR 24.2 lakh per annum
- SP Jain Mumbai – INR 22.2 lakh per annum
- FMS Delhi – INR 21.1 lakh per annum
- XLRI Jamshedpur – INR 20.1 lakh per annum
- NITIE Mumbai – INR 19.22 lakh per annum
- MDI Gurgaon – INR 19.17 lakh per annum
- JBIMS Mumbai – INR 18.91 lakh per annum
- TISS Mumbai – INR 18.7 lakh per annum
- IIM Indore – iNR 18.34 lakh per annum
- IIFT – INR 18.27 lakh per annum
- IIM Shillong – INR 15.5 lakh per annum
Highest Salary offered at all the B Schools mentioned above has been in INR 22 lakh+ per annum range and hence re-instilling the confidence of corporates on B School graduates.
You may check out Detailed Placement Reports of all Top B Schools HERE
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