This is a question that I get asked quite often – We normally hear only the ones who get highest salaries, but most of us do not know what is the average salary that a MBA should look at (if he/she has passed from premier Business School)
Here are some of the figures from the survey conducted by iimjobs.com – These numbers were collated based on salary data administered between May 16 to 31, 2010 with over 5600 MBA graduates sharing their salary data anonymously.
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Average MBA Salaries for Systems (I.T) Sector
Salaries grew fastest at 12.7% for professionals working in IT sector, taking them closer to their batch mates working in Finance and Consulting. Average salary for MBAs working in IT sector was observed to be 12.9 lakhs for 3 to 4 years of experience and 17.3 lakhs for 5 to 7 years of experience.
Average MBA Salaries for Sales & Marketing Sector
Professionals in Sales & Marketing saw 11.8% growth in compensation this year. Average salary for MBAs working in Sales & Marketing was observed to be 9.8 lakhs for 1 to 2 years of experience, 13.6 lakhs for 3 to 4 years of experience and 18.1 lakhs for 5 to 7 years of experience.
Average MBA Salaries for Finance Sector
Average salaries in Finance was observed to be 11.5 lakhs for 1 to 2 years of experience, 14.3 lakhs for 3 to 4 years of experience and 19.6 lakhs for 5 to 7 years of experience.
Average MBA Salaries for Consulting Sector
Average salaries in Consulting grew around 7.6% and was observed to be 11.5 lakhs for 1 to 2 years of experience, 14.7 lakhs for 3 to 4 years of experience and 18.4 lakhs for 5 to 7 years of experience.
Attrition Rate for MBA Graduates
Attrition rate was observed to be highest at 13.6 % for Finance graduates with 3 to 4 years of experience. It was lowest at 6.9% for professionals in General Management/Consulting. Average Attrition rate was 11.2%.
For iim’s u have to pass their entrance exam called CAT.
tell me actual creteria for joining iim please also tell which is best sector in MBA as I m pusuing BBA.
You need to appear for CAT(Common Admission Test) to be able to get into an IIM.
For further queries visit this this link: https://www.facebook.com/pages/Career-Corner/322514784486064
Dears,
This is anuj kumar. I did my Mba in 2008-10 from a low grade college. now at the placement time m strugling for the good compny as well a good pkg, and also having 2.5 year exp in sales and marketing.
Now can any one suggest me what should I do for better.
waiting some fruit full response
Anuj kumar
08826841545
The salary level have really increased compared to 2008-2009 times. Also the Demand of market is really increasing for MBA from top business schools.
must watch it……..
NICE ONE REALLY
thank u
Please tell me average (mba system) colleges in mumbai and pune, Syllabus and salary?
List of MBA Colleges in Mumbai
Jamnalal Bajaj Institute of Management Studies (JBIMS)
National Institute of Industrial Engineering (NITIE)
Shailesh Mehta school of Management,IIT Powai (I I T B)
S.P Jain Institute of Management and Research (SPJIMR)
Tata Institite of Social Sciences (TISS)
Narsee Monjee Institute of Management Studies (NMIMS)
K.J Somaiya Institute for Management Studies and Research
Prin. L N Welingkar Institute of Management Development and Research
S.I.E.S College of Management Studies
Chetana's R.K Institute of Management and Research
AEGIS School of Business, Navi Mumbai
Alkesh Dinesh Mody Institute
Altair Business School
Anjuman-I -Islam's Allana Institute of Management Studies (AIAIMS)
Asian Institute of Management
ASM's Institute of Management and Computer Studies
Atharva School of Business
Babasaheb Gawde Institute of management Studies
The Bombay School of Business
Institute for Technology and Management (ITM) Kharghar Navi Mumbai
Center for Management and Information Technology
Elphinstone College
Garodia School of Professional Studies
ICFAI Business School
Indian Institute of Export and Import Management
All the colleges or Institutes mentioned above conducts full time MBA programs.
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The salary level have really increased compared to 2008-2009 times. Also the Demand of market is really increasing for MBA from top business schools.