I've seen many placement statistics that report IIMA grads getting nearly a crore packages in domestic placements.
I'm curious about what these jobs are, and which companies offer these jobs.
Also, what is the profile of someone who gets such a job? Splendid Academics? Extracurriculars? Amazing work experience pre MBA?
Any insights would be much appreciated.
Thank you.
How are you so naive to assume that students 1 cr package. At max, their in hand will be around 36-40 LPA and are mostly for experienced professionals. Also, such packages are mostly given in consulting domain
Before pointing this out, go see the pre mba experience of batch and u ll get the reality as why IIMs have better placement records compared to other MBA colleges.
Year end bonuses can be 40-60 in that case in hand can go to 1 cr. In tech hfts pay that to undergraduate freshers in india. Can say for iims.
They're mostly going to be front-end IB or Private equity roles where the bonuses can easily be 100% of your fixed that brings you total to >1Cr They usually hire those with prior experience in finance (CA, previous work experience in finance etc) and you also need a strong academic background (toppers, gold medallists etc) Consulting is a close 2nd but they're definitely not paying as much as finance roles
Yeah makes sense.
BTW does JPMC and Goldman Sachs offer Investment Banking internships to 2nd year undergrads in India? Also, what are the chances of getting such an internship if you have a good resume and know a VP?
Usually in top MBA colleges (IIM BLACKI), Buldge bracket IBs offer the highest domestic package (50L fixed + upto 100% bonus), but you only have 3/4 such roles in campus and the top people don't want these roles because you don't have a life. I have heard stories of people taking 50% paycut within a year just to get out of IB roles. Also you shouldn't judge a college from the highest package offered. It's the median package number that counts. You can guarantee that you will be the one chosen.
IB roles/ PE VC offer ~ 1 cr with around 50-60 as fixed
None.
Maybe in PGP X, and that'd be rare too.
I am really curious to know the role offered by Accenture, TCS and other WITCHA companies in IIMs ... Especially IIM Ahmedabad
Accenture Strategy has been a regular at IIMA. They hire for consulting roles offering competitive salaries.
Accenture strategy offers a package with a ctc of 42. Even TCS offers a package with base pay of 20 plus upwards.
I graduated in 2022 with a Bachelor’s degree from one of the old-IITs. I want to know the prospects that doing an MBA from IIM A, B, or C will open up for someone in my position, both financially and non financially. My current position ...
I have a general question around MBA salaries. I see many colleges boasting about their placements and salaries. The salaries are >30LPA for most tier1 colleges.
Are the figures quoted by B-Schools base salary or Total Compensation incl...
How are the placements going on in top 10 MBA Colleges of India - IIMs, FMS, SPJAIN, etc.? How is the average and median package impacted by the current market conditions?
