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<ul><li>Despite slowdown, top management schools have managed to beat the average salary packages in India — extending as high as ₹2.3 million as the starting pay for domestic offers. </li><li>This placement season, several management institutions — including <keyword id="63618" type="ORGANIZATION" weightage="20" keywordseo="Indian-Institute-of-Management">Indian Institute of Management</keyword> (IIM) Lucknow, Indian Institute of Management (IIM) Kozhikode, Management Development Institute (MDI) — clocked 100% placements within the first week. </li><li>The highest salary bagged on international offers at <keyword id="56716" type="COMPANY" weightage="20" keywordseo="IIM-Lucknow">IIM Lucknow</keyword> was ₹5.8 million while the highest recorded domestic salary was ₹5.4 million. </li><li>At Management Development Institute (MDI) Gurgaon, Amazon offered the highest package at ₹4 million.</li></ul>Despite slowdown, top management schools have managed to beat the average salary packages in India. Some even went as high as ₹2.3 million (₹23 lakhs) as the starting pay for domestic offers. For international offers, the compensation went as high as ₹5 million. This placement season has been a fruitful one so far. Several management institutions — including Indian Institute of Management (IIM) Lucknow, Indian Institute of Management (IIM) Kozhikode, Management Development Institute (MDI) — clocked in 100% placements in the first week. Over 140 companies visited the offering an average salary package of ₹2.4 million. The highest salary bagged on international offers at IIM Lucknow was ₹5.8 million while the highest recorded domestic salary was at ₹5.4 million. International job offers came from the USA, Dubai, Africa, Qatar and Africa. Average salaries went up by 22% at IIM-K IIM Kozhikode, on the other hand, placed over 400 students, witnessing a 22% increase in the average salaries as compared to last year. The average salary for the batch was ₹2.3 million — which <a href="https://indiaeducationdiary.in/iim-kozhikode-registers-100-final-placement-for-largest-batch-ever-closes-process-in-5-days/" data-type="tilCustomLink">went up to ₹2.7 million for the top performing students.</a> “Despite the negative sentiment of the job market, green energy, and e-commerce sectors along with emerging startups — including education technology startups — have hired this year along with the other traditional firms. IIMK has seen a 200% surge in offers from start-ups along with more than 150% increase in the roles from e-commerce firms securing 12.5% of the total offers from these sectors,” said professor Shovan Chowdhury, chairperson of <keyword id="8671808" type="UNKNOWN" weightage="20" keywordseo="placements-at-iim">placements at IIM</keyword> Kozhikode. At MDI, Gurgaon, Amazon offered the highest package at ₹4 million. And the average compensation too increased by 9.5% at ₹ 2.2 million. More than half of the offers (57%) were from companies in the consulting, BFSI (Banking, Insurance and Financial Services), technology and telecom. This includes 63 offers from PwC, Deloitte, ICICI Bank, IDFC Bank and Airtel. Automotive, logistics and pharmaceuticals accounted for almost 15% of the offers, Kanwal Kapil, Dean of Placements at MDI, Gurgaon told Business Insider. Average MBA graduate salary grew multifold in the last two years According to a Campus Salary Hiring and Employment 2018 report by Mettl, the average salary for MBA graduates was recorded as ₹930,000 per annum — which has grown multifold in the last two years. While consulting firms are known to pay the highest to the fresh graduates, e-commerce companies like Amazon, Flipkart and Myntra emerged as the top recruiters this year. Flipkart made nine offers while Amazon rolled out 13 offers at IIM Lucknow. While Accenture, Airtel, American Express and <keyword id="136162" type="COMPANY" weightage="20" keywordseo="Boston-Consulting-Group">Boston Consulting Group</keyword> (BCG) were the top recruiters at IIM Kozhikode. See also: <a href="https://www.businessinsider.in/careers/news/amazon-becomes-the-top-recruiter-at-mdi-gurgaon-with-a-40-5-lakh-offer/articleshow/73545137.cms">Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer</a> <a href="https://www.businessinsider.in/careers/news/iim-mba-finance-students-pick-ai-and-tech-roles-over-investment-banking/articleshow/72467406.cms">Recruiters explain why finance MBAs in India are looking beyond investment banking roles⁠— and rightly so</a> <a href="https://www.businessinsider.in/careers/news/indias-top-b-school-graduates-are-being-paid-over-2-lakh-for-summer-internships/articleshow/71500201.cms">India’s top b-school graduates are being paid over ₹2 lakh for summer internships</a>

Indian B-schools are beating the slowdown with average salary offers at ₹2.5 million

<ul><li>IIMs aside, other B-schools like Faculty of Management Studies Delhi and <keyword id="481185" type="COMPANY" weightage="20" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (MDI) students also receive high paying job offers. </li><li><keyword id="1938161" type="PERSON" weightage="20" keywordseo="FMS-Delhi">FMS Delhi</keyword> recorded its highest ever average salary package at ₹25.6 lakh while the highest package went up to ₹58.6 lakh per annum. </li><li>Meanwhile, the average compensation at MDI too increased by 9.5% at ₹22.05 lakh. </li><li>Both the institutions clocked in 100% placements this season. </li></ul><keyword id="53914" type="COMPANY" weightage="20" keywordseo="Indian-Institutes-of-Management">Indian Institutes of Management</keyword> (IIMs) have achieved iconic status for their courses, faculty and of course the high paying job offers. But it is not just these students who are walking away with the best of salary offers. Students of other B-schools like Faculty of Management Studies Delhi and Management Development Institute (MDI) are receiving salary offers that are just as good. This year, on average, FMS Delhi students received job offers that paid ₹25.6 lakh. The best paying job offer went as high as ₹58.6 lakh per annum. This is the kind of high paying salaries that are generally associated with IIMs, XLRI and others. Thanks to A-list recruiters like Capgemini, McKinsey &amp; Co, Flipkart, Airtel and Xiaomi, almost 75% of FMS students received offers that paid above ₹20 lakh. That is three in four students. For the top performing quartile, the salaries went as high as ₹37.5 lakh. Though FMS ranks 35th in top Indian B-schools, the students who get admission to this Delhi University-affiliated college have to score 99% in CAT. However, due to public university affiliation, the fees are around ₹65,000 per year while the IIMs cost a massive ₹10 lakh per annum. <div type="image" title="fms" msid="74185469" hostid="261" caption="&amp;lt;p&amp;gt;Faculty of Management Studies, Delhi&amp;lt;/p&amp;gt;"></div>

 Startups and other businesses come hiring at elite B-schools The high salaries of FMS students is not an aberration. In fact, across elite schools average compensations have been growing in spite of the slowdown. The <a href="https://www.businessinsider.in/careers/news/amazon-becomes-the-top-recruiter-at-mdi-gurgaon-with-a-40-5-lakh-offer/articleshow/73545137.cms">average compensation at MDI</a> too increased by 9.5% at ₹22.05 lakh, thanks to startups and new-age businesses looking for bright, fresh minds. <div type="image" title="32743536387_9f030c0e1c_o" msid="74185477" hostid="261" caption="&amp;lt;p&amp;gt;Management Development Institute, Gurgaon&amp;lt;/p&amp;gt;"></div>

 Amazon offered the highest package at ₹40.5 lakh and 41 offers came from the ecommerce sector. Other recruiters were Flipkart, Oyo and PhonePe. The increased demand for digital skills across job roles seems to be working in favour of fresh graduates. “When you talk about digital businesses, they will definitely look at retaining talent with digital skills. The e-commerce sector has seen the highest growth, in terms of hiring at nearly 141%, compared to last year,” Kanwal Kapil, Dean of Placements at MDI<a href="https://www.businessinsider.in/careers/news/amazon-becomes-the-top-recruiter-at-mdi-gurgaon-with-a-40-5-lakh-offer/articleshow/73545137.cms"> told </a>Business Insider. The growing trend of summer placements and pre-placement offers too might have had an effect on the increased interest of recruiters. MDI said that it received 36% more pre-placement offers at 68. During the summer placements as well, both the two institutes witnessed a 40% and 14% increase in offers from consulting companies, respectively. Needless to say, both the universities clocked in 100% placements this season. See also: <a href="https://www.businessinsider.in/careers/news/these-are-the-starting-salaries-offered-to-b-school-students-in-india/articleshow/74168696.cms">These are the starting salaries offered to B-school students in India</a> <a href="https://www.businessinsider.in/careers/news/indias-best-minds-from-iim-ahmedabad-xlri-mdi-gurgaon-are-heading-to-consulting-firms/articleshow/74055916.cms">India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms</a> <a href="https://www.businessinsider.in/careers/news/iim-lucknow-iim-kozhikode-mdi-gurgaon-secure-100-placements-offering-2-5-million-as-the-starting-pay/articleshow/73722200.cms">Indian B-schools are beating the slowdown with average salary offers at ₹2.5 million</a>

These two B-schools have seen placement offers as good as those at IIMs

<ul><li><keyword id="481185" type="ORGANIZATION" weightage="20" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (MDI) Gurgaon secured 100% <keyword id="65655" type="PERSON" weightage="20" keywordseo="placements">placements</keyword> in the first three days. </li><li>The average compensation increased by 9.5% at ₹22.05 lacs — Amazon offering the highest package at ₹40.5 lakhs. </li><li>Over half of the offers (57%) were from companies in the consulting, BFSI (Banking, Insurance and Financial Services), technology and telecom domain. </li><li>Of the total 360 offers rolled out, nearly 70 offers came from ecommerce and IT sectors.</li></ul>Despite sluggish growth across sectors, campus placements at B-schools in India don't seem to be slowing down. Management Development Institute (MDI) Gurgaon secured 100% placements within the first three days — with Amazon offering the highest package at ₹40.5 lakhs. The average compensation too increased by 9.5% at ₹ 22.05 lakhs. Of the total 360 offers rolled out, nearly 70 came from ecommerce and IT sectors. This includes nearly 41 offers from e-commerce platforms like Flipkart, Make My Trip, Oyo, PhonePe and 27 offers from the IT giants like Accenture, Capgemini, IBM and Tech Mahindra. In an interview with Business Insider, Kanwal Kapil, Dean of Placements at MDI, Gurgaon said that the employers are now keen on hiring management graduates with digital literacy. “When you talk about digital businesses, they will definitely look at retaining talent with digital skills. The e-commerce sector has seen the highest growth, in terms of hiring at nearly 141%, compared to last year,” he said. Over half of the offers (57%) were from companies in the consulting, BFSI (Banking, Insurance and Financial Services), technology and telecom domains. This includes 63 offers from PwC, Deloitte, ICICI Bank, IDFC Bank and Airtel. While automotive, logistics and pharmaceuticals accounted for almost 15% of the offers. PwC US Advisory emerged the largest recruiter with 14 offers, followed by Deloitte USI, ICICI Bank and IDFC First Bank with 13 offers each. Telecom major Airtel made 10 offers. Kapil told that all of these offers were for domestic roles. However, since most of the employers are global multinationals, these might also lead to international projects, depending on the demand. The institute also witnessed a 40% increase in offers coming from the consulting sector during the summer placements. See also: <a href="https://www.businessinsider.in/careers/news/iits-madras-delhi-and-kharagpur-campuses-bag-over-2500-job-offers-in-the-very-first-week-of-placements/articleshow/72451071.cms">IIT’s Madras, Delhi and Kharagpur campuses bag over 2,500 job offers in the very first week of placements</a> <a href="https://www.businessinsider.in/education/news/b-school-students-get-summer-placements-but-for-technology-job-profiles/articleshow/72139265.cms">B-school students get summer placements — but for technology job profiles</a> <a href="https://www.businessinsider.in/careers/news/indias-top-b-school-graduates-are-being-paid-over-2-lakh-for-summer-internships/articleshow/71500201.cms">India’s top b-school graduates are being paid over ₹2 lakh for summer internships</a>

Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer

Addressing the joint annual Convocation Ceremony of Management Development Institute (MDI), Gurgaon and Murshidabad, as the chief guest, <keyword id="169120" type="General" weightage="20" keywordseo="sanjiv-mehta" source="Orion">Sanjiv Mehta</keyword>, CEO and Managing Director of Hindustan Unilever limited, urged the graduating students to temper <keyword id="119318" type="General" weightage="20" keywordseo="ambition" source="Orion">ambition</keyword> with <keyword id="63298" type="General" weightage="20" keywordseo="humility" source="Orion">humility</keyword>. "Humility is intertwined with ambition," Mehta said. "I call it <keyword id="14212379" type="General" weightage="20" keywordseo="humbition" source="Orion">humbition</keyword>." In the Convocation Ceremony, 514 students from various PGDM programmes and eight Fellow Scholars of MDI Gurgaon received their diplomas. Twenty-four medals were awarded to meritorious students of different courses. From MDI Murshidabad, 132 students from the PGDM 2020-22 batch were conferred their diplomas. In his address, Mehta exhorted the students to be brave and act right. "Always do the harder right than the easier wrong," Mehta said. "When the crowd goes one way, you have the right to go the other way." He advised the students to not fear failures in life. "What matters is the resilience you demonstrate to bounce back from failures," Mehta said. Stating that ordinary people do extraordinary things, he said: "This is the power of purpose." Even as it marks its 50th Foundation Year, MDI Gurgaon, ranked among the top 10 B-schools in India, is set to implement an over ₹200-crore campus rejuvenation and expansion plan. Addressing the Convocation Ceremony, Rajnish Kumar, Member of the MDI Board of Governors, said that MDI Gurgaon is focused on redevelopment of its campus with best-in-class infrastructure. "The Board has approved a ₹200 crore-plus Campus Rejuvenation Plan to expand the campus and create state-of-the-art infrastructure," he stated in his welcome address. "The proposed construction plan is going to start shortly. A large Sustainability Plan is being discussed to become a green campus complying with the best global standards." Kumar said that as MDI celebrates its Golden Jubilee, it is now focusing on expanding to other parts of the country as well Speaking on the occasion, Dr. Rajesh Chakrabarti, Director of MDI Gurgaon, said that the Institute has reached an agreement with the selected architects to add to and upgrade the campus significantly. Alluding to the 2022 placement season, Dr. Chakrabarti, in his Director's Report, said that MDI Gurgaon continued to be the institute of choice for newly minted talent. "You will be glad to know that MDI Gurgaon again achieved a 100 percent placement record," he informed the gathering. "A total of 87 organisations, including 35 new ones, recruited students from MDI Gurgaon." Dr. Chakrabarti added that the highest salary offered this time was ₹1.14 crore while the average salary recorded was ₹23.50 lakh. In his Director's Report, Dr. Atmanand, Director of MDI Murshidabad, said that his Institute is collaborating with institutions of excellence worldwide in order to conduct joint research, programmes, and conferences. Dr. Atmanand said that his Institute concluded a phenomenally spectacular final placement for the batch of 2020-22 in record time. "This year, the increase in the average package, new recruiters, and forays into newer industry segments were quite visible and remarkable," he said. "The Institute welcomed 34 new recruiters who onboarded our students in varied industry domains." SEE ALSO: <a href="https://www.businessinsider.in/thelife/news/646-billion-thats-the-economic-cost-of-violence-in-india/articleshow/92252398.cms">$646 billion — that’s the economic cost of violence in India</a> <a href="https://www.businessinsider.in/india/news/spicejet-hiked-its-ticket-prices-indigo-and-others-might-follow-suit/articleshow/92251751.cms">SpiceJet hiked its ticket prices; Indigo and others might follow suit</a>

HUL CEO Sanjiv Mehta coins a new word - humbition, combining humility with ambition

<ul><li>India’s management schools have this year breached the mark of average salaries for MBA graduates at ₹ 2 million. </li><li>Several non-IIMs including SP Jain Institute of Management and Research and Xaviers School of Management have also been paying over ₹2 million average salaries. </li><li>University Business School (UBS), Punjab University (PU), recorded the highest package at ₹5.3 million this year. </li></ul>Beating the average salary packages offered in India, many top management schools in India have significantly scaled up the starting pay for students graduating in 2019. During the recent placement season, several B-schools — including Indian Institute of Management (IIM), Kozhikode, <a href="https://indianexpress.com/article/education/iit-bombay-placement-rs-32-4-lakh-top-package-for-mba-graduates-5554289/">Indian Institute of Technology (IIT)</a>, Bombay, Management Development Institute (MDI), Gurgaon, Indian Institute of Foreign Technology (IIFT), Delhi and Tata Institute of Social Sciences (TISS) — reportedly offered packages of more than ₹2 million to MBA batches. The highest packages were reported at more than ₹3 million, compared to the average at nearly ₹2 million. According to a Campus Salary Hiring and Employment 2018 report by Mettl, the average salary for MBA graduates last year was recorded as ₹930,000 per annum, which has increased to more than a million this season. The trend clearly indicates business school graduates are now commanding better starting pay. As many as 55 companies breached the average salary mark for MDI this year, for instance, according to ET report. And not all are from the prestigious IIMs. In fact, the highest-paid graduates this year are reportedly from the University Business School (UBS), Punjab University, where the <a href="https://www.tribuneindia.com/news/chandigarh/ubs-touches-new-high-top-package-rs-53-lakh/711070.html">highest package</a> was recorded at ₹5.3 million this year. However, the average remuneration has been at ₹1.17 million for the 2018-19 batch. The average starting salaries for graduates of tier one colleges was recorded as ₹1.5 million, and tier two colleges at ₹534,000, annually, reports ET. The rise in pay may be because companies are now striving to hire quality talent with certain calibre and command, said Ketan Kapoor, Mettl. Startups, consulting firms and multinationals often chase the talent that they apparently find in premium business schools, he added. According to last year stats, the salary packages fetched by participating students crossed ₹2.4 million at the top three IIMs — Bangalore, Ahmedabad and Calcutta. However, several non-IIMs including SP Jain Institute of Management and Research and Xaviers School of Management also have a track of over ₹2 million average salaries by recruiters. Highest paymaster Consulting firms have been paying the highest to the fresh graduates, ET reported citing a senior official at IIM. However, banking and financial services sector also topped the charts this year during placements. Over <a href="https://www.livemint.com/education/news/hiring-at-b-schools-off-to-a-flying-start-with-more-offers-better-pay-1548094110264.html">30% job offers</a> at top B-schools came from the consulting sector, with students bagging over three offers across various roles. Colleges scored attractive pay packages and job placements in companies such as Deloitte, Airtel India, Amazon, Asian Paints, Oyo Rooms, and Nestle among others. See also: <a href="https://www.businessinsider.in/wipro-campus-placements-to-double/articleshow/67719782.cms">Indian IT major Wipro is on a hiring spree, plans to double campus offers and hike pay</a> <a href="https://www.businessinsider.in/latest-unemployment-report-has-niti-aayog-defending-modi-government-citing-jobs-as-ola-and-uber-driver/articleshow/67776732.cms">Unless you want to be a street vendor, a cab driver, or a road construction worker, please start your own business -- because there are no high-paying jobs in India</a> <a href="https://www.businessinsider.in/internships-in-india-on-the-rise-with-startups-leading-the-way/articleshow/67655265.cms">India sees steep rise in internships across different industries as young graduates seek more skills: survey</a>

India’s B-schools are seeing higher salary packages for graduates — and it’s not just IIMs

<ul><li>Indian Institute of Management (IIM) Ahmedabad, <keyword id="8754640" type="COMPANY" weightage="20" keywordseo="xaviers-school-of-management">Xaviers School of Management</keyword> (XLRI) and <keyword id="481185" type="COMPANY" weightage="20" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (MDI) — say they have attracted the most promising job packages from consulting firms. </li><li>Consulting majors McKinsey &amp; Company, <keyword id="136162" type="COMPANY" weightage="20" keywordseo="Boston-Consulting-Group">Boston Consulting Group</keyword> (BCG) rolled out 50 offers at <keyword id="19483" type="COMPANY" weightage="20" keywordseo="IIM-ahmedabad">IIM Ahmedabad</keyword>. </li><li>XLRI also attracted the highest number of offers from the consulting domain (26%). Global multinationals KPMG and PwC topped the charts. </li><li>More than half (57%) of the offers at MDI came from companies in the consulting, BFSI, technology and telecom sectors and the average compensation too increased by 9.5% at ₹ 2.2 million.</li></ul>India’s top business schools — Indian Institute of Management (IIM) Ahmedabad, Xaviers School of Management (XLRI) and Management Development Institute (MDI) — say they their students received the most promising job offers from consulting firms. Consulting majors McKinsey &amp; Company, <keyword id="169297" type="COMPANY" weightage="20" keywordseo="Boston-Consulting">Boston Consulting</keyword> Group (BCG) rolled out as many as <a href="https://economictimes.indiatimes.com/jobs/iima-concludes-cluster-1-placement-mckinsey-bcg-top-recruiters/articleshow/74024154.cms">50 offers at IIM Ahmedabad</a>. This includes the pre-placement offers as well. Other recruiters included Accenture Strategy, Bain &amp; Co., Credit Suisse, Goldman Sachs and Deloitte. This is as per the Cluster1 placements at the IIM-A campus — which was concluded in four cohorts — investment banking and markets, management consulting, advisory consulting and private equity, venture capital and asset management. “Consulting firms continued to hire in large numbers in the first cluster, offering management consulting roles across geographies including Malaysia and Middle East,” the institute said. It’s not just the IIMs This has become a common trend across B-schools. XLRI also attracted the highest number of offers from the consulting domain at 26%, this year. Global multinationals KPMG and PwC were the top most recruiters, rolling out the highest number of offers. This simply mirrored last year’s trend wherein Boston Consulting Group was the leading recruiter. On the other hand, more than half (57%) of the offers at MDI came from companies in the consulting, BFSI, technology and telecom sectors. The average compensation at the institute too increased by 9.5% at ₹ 2.2 million. This includes 63 offers from PwC, Deloitte, ICICI Bank, IDFC Bank and Airtel. Last year too, IIM Bangalore reportedly scored over 30% placements in the consulting sector — including overseas job offers. Investment banking follows Banking, Insurance and Financial Services(BFSI ) is the second biggest chunk of recruiters. At IIM-A, Avendus and JP Morgan Chase &amp; Co offered 18 job letters. At XLRI too BFSI which recruited 17%, also turned out to be the highest paymaster. It offered domestic salaries as high as ₹5 million. “The increase in BFSI hiring can be attributed to a higher number of candidates opting for the finance specialization and a vibrant appreciation for finance in the form of finance associations and an in-house XLRI Student Investment fund,” XLRI said. Overall, this placement season has been a fruitful one so far. Several management institutions — including IIM Lucknow, IIM Kozhikode, MDI, XLRI — clocked in 100% placements in the first week. See also: <a href="https://www.businessinsider.in/careers/news/xlri-students-bag-domestic-and-international-job-offers-with-salaries-over-50-lakhs/articleshow/73974506.cms">XLRI students bag domestic and international job offers with salaries over ₹50 lakh</a> <a href="https://www.businessinsider.in/careers/news/iim-lucknow-iim-kozhikode-mdi-gurgaon-secure-100-placements-offering-2-5-million-as-the-starting-pay/articleshow/73722200.cms">Indian B-schools are beating the slowdown with average salary offers at ₹2.5 million</a> <a href="https://www.businessinsider.in/careers/news/amazon-becomes-the-top-recruiter-at-mdi-gurgaon-with-a-40-5-lakh-offer/articleshow/73545137.cms">Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer</a>

India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms

<ul><li>All of IIM Calcutta’s MBAEx students were placed on the campus this year. </li><li>On domestic job roles, the highest offer extended was reportedly at ₹12.5 million. </li><li>The salary of the 2019 MBAEx batch recorded a 104% increase, in comparison to their pre-MBA salaries.</li></ul>Indian Institute of Management (IIM) Calcutta announced <a href="https://economictimes.indiatimes.com/jobs/iim-calcuttas-mbaex-batch-gets-highest-placement-offer-of-rs-1-25-crore-this-year/articleshow/69739940.cms?from=mdr">100% campus placement </a>this year for its MBAEx, which is a full-time one year MBA program for experienced professionals. And, they are drawing good salaries too. The average salary of the 2019 batch is 10% higher than the last. Amazon, Accenture, Swiggy, Sapient and Ford were some of the companies which hired the students. On domestic job roles, the highest offer extended was at ₹12.5 million, which is 40% higher than last year’s highest salary. Salary Spike The executive MBA programme allows students to transition to top management roles. It looks like their efforts have paid off. The salary packages they received are <a href="https://www.ndtv.com/education/iim-calcuttas-mbaex-graduate-gets-1-25-crore-job-offer-amazon-accenture-ford-oyo-swiggy-recruiters-2051507">104% </a>higher than their pre-MBA salaries, NDTV reported citing an institute official. "After spending close to 9 years in diverse domains, I was looking to fastrack my progression to top management. This course has been a transformative experience," Prashant Sharma, an MBAEx alumnus told NDTV. Overall, it has been a good year for India’s B-school pass outs. Students of IIM Kozhikode, Indian Institute of Foreign Trade(IIFT) Delhi, Management Development Institute (MDI) Gurgaon reportedly received <a href="https://www.businessinsider.in/campus-placements-at-iim-mdi-tiss-iift-see-salary-packages-above-2-million/articleshow/67898696.cms">₹ 2 million as starting pay</a>, on an average. The rise in pay could be due to companies striving to hire quality talent which they apparently find only at premium b-schools, said Ketan Kapoor, Co- founder, Mettl. See also: <a href="https://www.businessinsider.in/accenture-bcg-dominate-campus-placements-at-business-schools-in-india/articleshow/68045145.cms">Consulting firms Accenture, BCG dominate campus placements at India’s B-schools this year</a> <a href="https://www.businessinsider.in/iit-delhi-campus-placements-exceeded-1000-in-electrical-chemical-civil-mechanical-and-it-engineering/articleshow/68297555.cms">These core subjects are the biggest winners in IIT-Delhi's record campus placement season</a> <a href="https://www.businessinsider.in/campus-placements-at-iim-mdi-tiss-iift-see-salary-packages-above-2-million/articleshow/67898696.cms">India’s B-schools are seeing higher salary packages for graduates — and it’s not just IIMs</a>

IIM-C students see a dramatic jump in salaries after an MBA

<ul><li>The new college graduates who landed job offers with ‘above-average salaries’ are now staring at an uncertain future. </li><li>Ride-hailing platform Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI) and S. P. Jain Institute of Management and Research (SPJIMR). </li><li>IITs — where students bagged job offers as high as ₹10 million from Uber — have not been notified of any such decision. </li><li>As many as 3,700 Uber employees lost their jobs in wake of the coronavirus pandemic.</li></ul>The COVID-19 crisis has not just impacted the salaried employees but also the new college graduates who landed job offers — who are now staring at an uncertain future. After Gartner, WorkIndia, ride-hailing platform Uber has revoked job offers extended to the management graduates at premier b-schools like Indian Institutes of Management (IIMs), Management Development Institute (MDI) and S. P. Jain Institute of Management and Research (SPJIMR). This comes on the backdrop of global layoffs across the company offices. As many as 3,700 Uber employees lost their jobs in wake of the coronavirus pandemic. On May 13, the company told its employees that “today will be your last working day with Uber,” over a Zoom call, IANS reported. A placement head at a top B-school told ET Uber had informed the institute that offers were being revoked. “Students across <a href="https://m.economictimes.com/topic/IIM">IIM</a> Lucknow, IIM Kozhikode, IIM Calcutta, MDI, SPJIMR have been affected,” ET reported citing the placement head from a top b-school. Several companies have rescinded job offers made to the fresh graduates.That leaves students of premier IIMs and other b-schools that secured thousands of offers, in dire straits. It does not help that most of them bagged ‘above-average salary packages’ this placement season. Most of the recruits were top-notch consulting firms, multinational companies, tech majors and more. Lately, the IIMs have been dealing with last minute withdrawals from these high profile recruiters. IIM Bangalore earlier said that it will now reach out to those recruiters who had shown interest in hiring from the top institute earlier but were not a part of the placement drive — to check if they are still willing to hire candidates. At IIM Calcutta, nearly four companies have revoked the job offers and summer internships so far, affecting over 12 students from the current academic year. On the other hand, IITs — where students bagged job offers as high as ₹10 million from Uber — have not been notified of any such decision. The engineering institutions are now considering hosting another placement drive in July-August as the number of offers being taken back have risen. A US-based consultancy firm recently repealed 11 job offers made to students at IIT Delhi, Madras and Kanpur campuses. The situation, the institutes are now figuring out ways to place the students whose offers have been revoked in other companies. They are even reaching out to their alumni network to place students in the less affected sectors. See also: <a href="https://www.businessinsider.in/business/corporates/news/more-employees-at-capgemini-infosys-and-wipro-are-being-brought-back-to-offices-while-tcs-is-still-in-wait-and-watch-mode/articleshow/75691940.cms">More employees at Capgemini, Infosys, and Wipro are being brought back to offices while TCS is still in wait and watch mode</a> <a href="https://www.businessinsider.in/business/startups/news/zomato-lays-off-13-of-its-workforce-announces-pay-cuts-for-all/articleshow/75756087.cms">Zomato lays off 13% of its workforce, announces pay cuts for all</a>

Uber has revoked job offers made to graduates from IIMs, MDI, SPJIMR

<ul><li>Top management institute <keyword id="1821069" type="COMPANY" weightage="20" keywordseo="Xavier-School-of-Management">Xavier School of Management</keyword> (<keyword id="64843" type="ORGANIZATION" weightage="20" keywordseo="XLRI">XLRI</keyword>) placed all of 359 students within the first two days of <keyword id="121400" type="PERSON" weightage="20" keywordseo="campus-placements">campus placements</keyword>. </li><li>Almost half of the offers bagged by the students were made via pre-placement offers. </li><li>The average salary package increased from ₹22.3 lacs in 2019 to ₹24.3 lacs this year. </li><li>The highest international offer stood at ₹58 lacs from the sales &amp; marketing.</li></ul>Top management institute Xavier School of Management (XLRI) placed all of 359 students within the first two days of campus placements. As many as 108 companies participated in the campus drive — rolling out domestic and international offers. In fact, almost half of the offers bagged by the students were made via PPOs (pre-placement offers). The average salary package increased from ₹2.2 million in 2019 to ₹2.4 million this year. Banking and financial services turned out to be the highest paymaster — offering domestic salaries as high as ₹5 million. The highest international offer stood at ₹5.8 million from the sales &amp; marketing domain. “This year’s placement season has once again witnessed remarkable success in spite of the longish economic slowdown. Top companies coming for recruitment is an affirmation by the industry of the high-standard of management-centric education that we strive for,” said J Christie, Director at XLRI. Top recruiters — Consulting, Sales &amp; Marketing, BFSI Wrapping up the recent campus placement season, the B-school attracted most promising job packages from the consulting (26%),, sales and marketing (21%) and BFSI (banking and financial services) at 17%. Global multinationals <keyword id="50041" type="COMPANY" weightage="20" keywordseo="KPMG">KPMG</keyword> and PwC topped the charts, rolling out the most number of offers. While Myntra, Power Finance Corporation, Delhivery, JCB and Diageo emerged as the first time recruiters at XLRI. “The increase in BFSI hiring can be attributed to a higher number of candidates opting for the finance specialization and a vibrant appreciation for finance in the form of finance associations and an in-house XLRI Student Investment fund,” XLRI said. <keyword id="6361649" type="PERSON" weightage="20" keywordseo="Goldman-Sachs">Goldman Sachs</keyword>, Citibank, JP Morgan were some of the top recruiters hiring for finance roles. Last year, <keyword id="136162" type="COMPANY" weightage="20" keywordseo="Boston-Consulting-Group">Boston Consulting Group</keyword> emerged as the leading recruiter at XLRI, which also scored 27% of job offers in the from sales &amp; marketing domain. See also: <a href="https://www.businessinsider.in/careers/news/amazon-becomes-the-top-recruiter-at-mdi-gurgaon-with-a-40-5-lakh-offer/articleshow/73545137.cms">Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer</a> <a href="https://www.businessinsider.in/careers/news/iim-mba-finance-students-pick-ai-and-tech-roles-over-investment-banking/articleshow/72467406.cms">Recruiters explain why finance MBAs in India are looking beyond investment banking roles⁠— and rightly so</a>

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Indian B-schools are beating the slowdown with average salary offers at ₹2.5 million

Prerna Sindwani

These two B-schools have seen placement offers as good as those at IIMs

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Amazon becomes the top recruiter at MDI Gurgaon with a ₹40.5 lakh offer

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HUL CEO Sanjiv Mehta coins a new word - humbition, combining humility with ambition

IANS

India’s B-schools are seeing higher salary packages for graduates — and it’s not just IIMs

BI India Bureau

India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms

Prerna Sindwani

IIM-C students see a dramatic jump in salaries after an MBA

Prerna Sindwani

Uber has revoked job offers made to graduates from IIMs, MDI, SPJIMR

Prerna Sindwani

XLRI students bag domestic and international job offers with salaries over ₹50 lakh

Prerna Sindwani

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