They are putting more and more emphasis to Job Profiles on offer, and even choosing lesser salary for a better job content. Corporates, on their part, are tailoring specific profiles and positions to lure whiz-kids. This is a significant trend emerging from the MBAUniverse.com MBA Placement Report 2008 that surveyed top 20 Indian B-schools.
IIM-K estimates that as many as 20% of their graduates choose to accept less pay-package. Says IIM-K, “While there is no doubt that numbers are impressive by all standards, keeping in mind long term career growth prospects, close to 20% of the batch elected to accept slightly lesser paying roles, choosing role over pay.”
Comments XLRI, “One notable feature of the entire process was not just the increased leeway to choose, but also depth of specific roles that were tailored to woo the best graduates. The quality and diversity of roles that were on offer this year surpassed all previous standards.”
As a result of better profiles on offer, some of deserving graduates got mid-level to senior level jobs straight out of campus. At IIM-L, a leading telecom company offered a role of Vice President.
A JBIMS student Dhruv Sanghvi turned down numerous offers including two Pre Placements Offer (PPOs) from a FMCG company and a MNC bank to join a media conglomerate demonstrating that fat pay packages are secondary to the desire for achievement and job satisfaction.
At SPJIMR too one graduate opted out of placements to start his own venture. SPJIMR too has modified its rules. Students can return within two years to participate in placements.
Confirming the trend, MDI Gurgaon says, “The going this year was so good-niche domestic offers, preferred profiles an hitherto unheard of compensation-that several students preferred turn down international placements.”
There are several other interesting trends and analysis emerging from the placement report. More details from the report will be published on MBAUnivese.com soon.
India’s leading management portal MBAUniverse.com surveyed the Placement Results at 20 leading management institutes to prepare its MBA Placement Report 2008. The institutes that are part of this analysis include six IIMs, Indian School of Business (ISB), Indian Institute of Technology (IIT) Business schools, Xavier Labour and Relations Institute, Jamshedpur (XLRI), Management Development Institute (MDI), Gurgaon, Faculty of Management Studies (FMS), University of Delhi, S.P. Jain Institute of Management & Research (SPJIMR), Mumbai and other top schools.
