The MBA edge, for more than 100% salary jump in India
If you are an MBA in India, chances are you have a better salary growth chart than your peers worldwide.
According to a Graduate Management Admission Council (GMAC) survey done exclusively for India, after pursuing a two-year fulltime MBA degree, salary of executives has shot up by as much as 122%. The figures for international peers reflect an increase in annual base salary by 79% for the Class of 2013. For the one-year post graduate programme, the salary growth was 88% in the Indian context.
The study titled ‘India Management Graduates Survey: Class 2013’ was conducted among 553 graduates at 18 business schools in India including the Indian School of Business and three IIMs.
The survey also states that about 75% of the MBA Class of 2013 has secured placements by mid-March, compared to about 60% globally who have managed to bag an early job offer. 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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