close_game
close_game

B-school placements subjected to market risks

Hindustan Times | By, Mumbai
Feb 22, 2016 05:27 PM IST

The average salary was about Rs18 lakh per annum in top management colleges such as Jamnalal Bajaj, Narsee Monjee and SP Jain, while they stayed below Rs10 lakh per annum at other institutes

Average salaries offered during placements at top B-schools in the city have witnessed a marginal increase this year.

The average salary was about Rs18 lakh per annum in top management colleges such as Jamnalal Bajaj, Narsee Monjee and SP Jain, while they stayed below Rs10 lakh per annum at other institutes. Analysis of the average salaries offered at five institutes show an increase of three% over last year. On the other hand the high-paying banking, financial services and insurance (BFSI) companies continued to dominate the placements, while the e-commerce sector has slowed down.

For a majority of the institutes, the average pay package couldn’t swell beyond 5%. The colleges have offered a variety of explanations for the trend. “Our batch-size has almost doubled compared to last year. In such a scenario, it was difficult to maintain the average salary,” said a professor from Narsee Monjee Institute of Management Studies (NMIMS).

Contending that the salaries are a product of the market conditions, Anisur Rahman, a placement committee member from Jamnalal Bajaj Institute of Management Studies, “While it appears that the average salary has not increased significantly, the trends vary if you consider individual offers. In any case, one can’t expect packages to rise every year,” he said.

A placement official from Welingkar Institute pointed out that the compensations offered by BFSI sector, the largest recruiter of management graduates, have remained stagnated for some years, bringing down the overall average.

Nevertheless, the BFSI companies continue to offer the highest packages in most of the institutes, even as other sectors such as consulting and IT/IT enabled services are fast catching up. This year, around 30% offers have been made from companies belonging to financial sector.

Meanwhile, the recruitments from e-commerce companies have dwindled. By a rough estimate, the offers made by the online ventures have halved over the one year period.

Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!

Stay updated with all the Breaking News and Latest News from Mumbai. Click here for comprehensive coverage of top Cities including Bengaluru, Delhi, Hyderabad, and more across India along with Stay informed on the latest happenings in World News.
See More
Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!

Stay updated with all the Breaking News and Latest News from Mumbai. Click here for comprehensive coverage of top Cities including Bengaluru, Delhi, Hyderabad, and more across India along with Stay informed on the latest happenings in World News.
SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, February 16, 2025
Start 14 Days Free Trial Subscribe Now
Follow Us On