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HindustanTimes Tue,02 Sep 2014

MBA grads beat global peers in salary hikes

Vanita Srivastava , Hindustan Times  New Delhi, August 06, 2013
First Published: 02:07 IST(6/8/2013) | Last Updated: 03:15 IST(6/8/2013)

MBA graduates in India have shown a ‘ more handsome’ salary growth and better  job market as compared to their global peers, according to a study released on Monday.

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According to the survey done exclusively for India by the global body Graduate Management Admission Council (GMAC) there has been a 122% annual change in salary pre to post degree  for the two-year full timers MBA.

For the one year post graduate programme the salary growth was 88%.

The GMAC  owns the Graduate Management Admission Test (GMAT), a standardized assessment that is widely used by graduate business administration programs.

The study titled - India Management Graduates Survey: Class 2013 was done among 553 graduates at 18 business schools in India including the Indian School of Business and three IIMs.

“The salary increase of 122% reflects the anticipated earnings change from pre- to post-degree salary. This figure is greater than the percentage change in salary seen by global peers for full-time two-year MBAs, increasing annual base salary by 79% for the class of 2013,” Michelle Sparkman Renz, Director, Research Communications, GMAC told HT.

Another important finding was that nearly 75% of all job -seeking management students in India had received a job offer by mid March 2013. Renz, however, said that these figures varied according to factors like programme, type and location.

“The results for India indicate a healthier job market from the overall global picture, but let us not make any historical comparisons at this time,” he said.

The class of 2013 graduates send a median number of seven resumes for a yield of four interviews and one job offer per graduate.

The report also added that more than 80% of the MBA graduates felt their course had given them a competitive edge in the job market.


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