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MBA Placements 2018: A Statistical Analysis with Average Salary and Placement Reports

Oct 16, 2018 14:59 IST
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MBA Placements 2018
MBA Placements 2018

The placement report of any MBA college is the deciding factor of that college’s reputation in the industry. The placement session 2018 in all the top MBA colleges is now over, and some of the prestigious MBA colleges like IIM Ahmedabad released their placement data after the IPRS Audit in the month of September. According to the placement trend of this year, most MBA and PGDM colleges have gone pass their past records.

The rising trend in final placement in top MBA colleges is evident from the placement data 2018 released by IIMs, SPJIMR, FMS, XLRI and other top B-Schools. In addition, the summer placement record of top colleges for the 2017-19 batches is also over with higher stipend.

Placement Trends

The placement trend clearly shows an upsurge in placement and average salary as compared to previous year. The average salary in terms of international packages has also gone high this year. This is the 2nd consecutive year where the demand for talented MBA professionals has gone up. Despite the economic meltdown till last year, 2018 was the year of productivity and young professionals were able to find their dream jobs.

This year, the average salary has gone high as compared to the highest salaries offered to students of premier MBA institutes of India. Many MBA colleges including IIMs have witnessed a huge gap between the average and highest placement packages in their placement reports.

This year, recruiters showed tremendous interest in hiring fresh MBA graduates from specific sectors and didn’t lag behind in offering competitive packages. The placement session in many top MBA colleges continued for 3-4 days with high salary offers and increased number of employers from almost every sector. All the sectors recorded growth in MBA placement 2018 including Finance, Banking, Insurance, Services & Consultancy, Operations, Manufacturing and others.

Percentage Change in Average Salary

The detailed list of percentage change in the Average salary of past few years is presented below in the tabular format. This list shows the average salary of the past 3 years of top most MBA colleges in India.

MBA College

Average salary in Placement 2018 (Rs.in lakhs)

Average salary in Placement 2017 (Rs.in lakhs)

Average salary in Placement 2016 (Rs.in lakhs)

IIM Ahmedabad

24.45

22.58

22.14

IIM Bangalore

Completed Feb 19 (Salary data after IPRS)

21.42

21.03

IIM Calcutta

Completed Feb 12 (Salary data after IPRS)

20.00 

22.00

Besides, the detailed list of percentage-wise change in average salary over the years in top MBA colleges is presented below in the tabular format:

B-School

Average Salary (2018 batch)

Average Salary (2017 batch)

Percentage Change

XSRM Bhubaneswar

Rs. 7.67 LPA

Rs. 7.32 LPA

4.78

XLRI Jamshedpur

Rs. 20.1 LPA

Rs. 19.21 LPA

4.41

Xavier Institute of Management Bhubaneswar

Rs. 12.44 LPA

Rs. 13.18 LPA

-5.61

VGSoM, IIT Kharagpur

Rs. 15.4 LPA

Rs. 13.42 LPA

14.75

TAPMI Manipal

Rs. 10.6 LPA

Rs. 10.1 LPA

4.95

SSBF Pune

Rs. 7.05 LPA

Rs. 7.14 LPA

-1.2

SPJIMR Mumbai

Rs. 22.24 LPA

Rs. 20.9 LPA

6.41

SIIB Pune

Rs. 10.25 LPA

Rs. 9.1 LPA

12.63

SIBM Pune

Rs. 16.23 LPA

Rs. 15.02 LPA

8.05

SCMHRD Pune

Rs. 14.04 LPA

Rs. 14.61 LPA

-0.76

NITIE Mumbai

Rs. 18.45 LPA

Rs. 15.83 LPA

16.55

MDI Gurgaon

Rs. 19.17 LPA

Rs. 18.89 LPA

1.48

JBIMS Mumbai

Rs. 18.91 LPA

Rs. 18.76 LPA

0.78

IRMA Anand

Rs. 11.39 LPA

Rs. 10.22 LPA

11.44

IMT Ghaziabad

Rs. 11.6 LPA

Rs. 11.26 LPA

3.01

IMI Delhi

Rs. 12.23 LPA

Rs. 12.50 LPA

-2.16

IIM Visakhapatnam

Rs. 12.07 LPA

--

--

IIM Rohtak

Rs. 11.7 LPA

Rs. 12.3 LPA

-4.87

IIM Ranchi

Rs. 16.07 LPA

Rs. 14.86 LPA

8.14

IIM Nagpur

Rs. 12.05 LPA

--

--

IIM Kozhikode

Rs. 17.76 LPA

Rs. 17.65 LPA

0.62

IIM Indore

Rs. 18.17 LPA

Rs. 16.23 LPA

12

IIM Amritsar

Rs. 11.02 LPA

Rs. 10.25 LPA

7.47

IIFT Delhi

Rs, 18.27 LPA

Rs. 18.41 LPA

-0.76

IIFM Bhopal

Rs. 6.97 LPA

Rs. 6 LPA

16.1

Goa Institute of Management

Rs. 10.58 LPA

Rs. 9.3 LPA

14

FMS Delhi

Rs. 21.1 LPA

Rs. 20.06 LPA

2.42

DoMS, IIT Madras

Rs. 12.4 LPA

Rs. 12.01 LPA

3.24

DMS, IIT Delhi

Rs. 16.54 LPA

Rs. 16.21 LPA

2.03

Top MBA colleges that didn’t do well this year

Although most of the MBA colleges saw an upsurge in the salary figures this year, there were some colleges that lagged behind and showed a downward trend, including a few IIMs. Top MBA institutes that showed a downward in average salary as compared to previous year’s trend include IIM Rohtak and IMI Delhi with a slump of 4.87% and 2.16% respectively.  XIM, Xavier University, Bhubaneswar witnessed the biggest dip in average salary this year with a negative growth of 5.61%. 

The reason given by the board member of IMI New Delhi in support of the decreasing average salary is due to the increase in the batch size by 47% as compared to previous year’s batch.

B-schools have defended the negative growth rate in the average annual salary in a flawless way; however, experts are taking this dip as a sign of recruiters who are not willing to take risk by hiring more employees in the possible era of slow growth prospects. According to the words of a placement officer of some MBA college, the recruiters will always get the favour when the industry sentiment is not vibrant and the recruitment norms are tighter.

Top B-schools with single digit growth

Most of the top MBA colleges of India were not able to record more than 5% increase in average salary. Nevertheless, the salary figures remained higher than Rs. 15 Lakhs per Annum in these colleges.

In terms of single digit growth, IIM Kozhikode recorded the lowest percentage of salary increase, 0.62%, which was closely followed by JBIMS Mumbai at 0.78%. IMT Ghaziabad, XLRI Jamshedpur and IMT MDI Gurgaon witnessed an increase of 3.01%, 4.41% and 1.48% respectively in their annual packages.

Government funded MBA colleges such as DMS of IITs, FMS Delhi and JBIMS Mumbai (Known for offering quality MBA programs at affordable fee) have observed a marginal increase in the salary packages, ranging between 2% to 3%. However, the thing to note is the salary increase percentage may be less, but the average salary figures are higher than other top MBA colleges with 10% increase in the average salary package. Despite the depleting growth rate in the percentage of salary increase, the average salary of FMS Delhi for 2018 is Rs. 21.1 Lakhs per Annum, for IIT Kharagpur is Rs. 15.4 Lakhs per Annum, and that of JBIMS Mumbai is Rs. 18.91 Lakhs per Annum.

Experts believed that the marginal increase in the salary is all due to the industries across India are witnessing a rationalization revolution in various sectors.  Nevertheless, the marginal increase or decrease in annual salary would not affect the overall placement performance.

For more insightful stories on MBA Placements, please visit www.jagranjosh.com.

Also Read:

IIM Ahmedabad Placement Report 2018 (Audited)

IIM Sambalpur Placement 2018

IIM Sirmaur Placement 2018

IIFT 2017 Final Placement Report

IIM Bangalore Placement Report 2017

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