MBA Starting Salary in India 2019 News: The major lucrativeness of MBA is being the highest paid profession (or atleast what is Marketed to aspirants by MBA Colleges). This year’s placement season at the B-schools concluded on a good note with a notable increase in the Average and Median starting salary. We earlier brought to you MBA College Placement Report. In this article, we bring to you all that you want to know about MBA Starting Salary 2019 in India.
MBA Starting Salary in India 2019
Specialization Wise Salaries
Sector Wise Salaries
Average Salary at some of the Top MBA Colleges
Even in India, the scene has been overwhelming when it comes to MBA Starting Salary. Average MBA Starting salary in some of the top B-Schools of the country is as follows. You may check out IIM MBA Salary in India HERE.
|IIM Bangalore||24.54 LPA|
|IIM Calcutta||25.40 LPA|
|SP Jain Mumbai||22.90 LPA|
|FMS Delhi||27 LPA|
|XLRI Jamshedpur||22.35 LPA|
|NITIE Mumbai||19.77 LPA|
|MDI Gurgaon||19.17 LPA|
|JBIMS Mumbai||20.13 LPA|
|TISS Mumbai||20.06 LPA|
|IIM Indore||20.79 LPA|
|IIM Shillong||16.79 LPA|
Highest Salary offered at all the B Schools mentioned above has been in the INR 25 lakh+ per annum range and hence re-instilling the confidence of corporates on B-School graduates.
Global Scenario of MBA Starting Salary 2019
The projected median base starting salary for the recent MBA graduates in the United States in 2019 is US$115,000 which is the highest on record as compared to US$75,000 for direct-from-industry new hires and US$65,000 for bachelor’s degree new hires, in line with the Annual Survey Report by GMAC.
Asia Pacific: 87% Demand for MBA Graduates
Demand for MBA talent is strongest in Asia Pacific, where 87 percent of the responding employers plan to make MBA hires in 2019. In the globally conducted survey, 56 percent of companies who participated in the survey, plan to increase MBA starting base salaries this year. 77 percent of the US companies and 69 percent of European companies plan to hire fresh MBA graduates in 2019.
48% Recruiters Plan to hire International Talent
Forty-eight percent of the companies plan to hire international talent in 2019. The majority of companies outside the United States plan to hire MBA talent in 2019, including 69 percent of Asia-Pacific companies and 67 percent of European companies, though hiring projections have moderated compared with recent years.
MBA Data Analytics in high demand
72 percent of the responding employers plan to place recent business school graduates into Data Analytics roles in 2019. This puts data analytics among the top job functions employers will place new business school graduates into in 2019, 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 2019, compared with 37 percent that hired them in 2018. The survey found that hiring demand for Master of Data Analytics graduates is strongest among the Asia Pacific employers, among whom 62 percent plan to hire in 2019.
More Employers offering Education Assistance
According to the survey, most of the 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 compared to the previous years.
More Employers offer Internships leading to Job Offers
MBA internships are most prevalent in the Asia Pacific and the United States, where 39 percent and 58 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, culture, and expectations and remain a good opportunity to obtain permanent positions.