MBA Placements 2011: Average domestic salary witnesses upturn across B-schools

MBA Placements 2011: Average domestic salary witnesses upturn across B-schools


The average salary figures have risen this year across all leading B-schools, representing the good performance of Indian companies and a bright future outlook.
The year 2011 final placements have given many reasons to the MBA students to cheer. Not only the students have been offered their dream profiles by leading companies of India and abroad, but have also got far better pay packages compared to what the students of year 2010 final placements got.
The placements at most of the leading B-schools have ended. MBAUniverse.com brings to you how some of the leading B-schools have performed vis a vis salary. For this we look at the Average Domestic Salary figures of IIMs and other B-school. These B-schools have shared their placements 2011 data with MBAUniverse.com.
The average salary figures have risen this year across all leading B-schools, representing the good performance of Indian companies and a bright future outlook.
IIM Indore: In terms of compensation, the average package this year has increased by 27% over last year. The highest domestic compensation offered was Rs. 32 lakhs per annum which was made by an Investment Bank. The top 12% of the class of 2011, regarded as being amongst the best management talent in the nation, secured offers on campus in excess of Rs. 20 lakhs per annum. Further, more than half the batch secured offers in the range of Rs. 14-18 lakhs per annum.
IIM Kozhikode: The salaries offered for domestic roles increased by an average of about 30%.
IIFT: IIFT has recorded an increase of more than 10% in the average domestic salary. The average salary is Rs. 11.6 lakhs per annum.
XLRI: The average domestic package stood at Rs. 15.8 lakhs per annum, a rise of close to 12% over last year’s figure. The median figure for the domestic salary is Rs. 14.7 lakhs per annum. The highest domestic package was Rs. 23 lakhs per annum.
FMS Delhi: Average domestic salary of total offers is Rs. 15.4 lakh per annum. Rise of 18% compared to last year.
SPJIMR: The average salary increased by 27% to Rs. 14.07 lakhs per annum from Rs. 11 lakhs per annum last year, with the highest domestic offer of Rs. 23 lakhs per annum.
XIMB: The batch of 2011 saw an average salary of Rs.10.76 lakhs per annum, which is a marginal rise from last year’s average salary figure. The median salary stood at Rs.10.3 lakhs per annum.
All the GD-PI call getters who think that they will be facing problems of plenty after the final selection list is put up by the B-schools, they can look at the above salary figures to pick their right B-school.