MBA Admission 2016: Placement packages rising; right time to pursue your MBA

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MBAUniverse.com News Desk |
March 15, 2016
Placement 2016 in almost all the B-schools including IIMs has broken all previous records with higher salary packages and more recruiters offering more offers
There is no need to wait for one more year, if you wish to pursue MBA and plan to get a lucrative job in 2018

MBA Placements in 2016 have broken all previous records and as compared to any other post graduation programme  MBA/PGDM from a good B-school has proved to be more fruitful. Not only the final placement 2016 has been completed and closed in most of the B-schools with higher salary packages – highest, average and the minimum also, more pre-placement offers as well as the summer placements in many new B-schools have recorded higher stipend than offered earlier.

Strong demand for MBAs
Recent GMAC hiring projections for 2016 reflect a continued healthy demand for recent graduates of master-level business programs — especially MBAs. According to the GMAC findings 96% of responding employers agree that hiring business school graduates creates value for their companies and 68 percent agree that recruiting graduates of MBA and business master’s programs is a priority in their company’s hiring plans. According to the projections revealed by GMAC, the employability for MBAs would increase from 71% to 75%.

15 to 50% rise in MBA placement packages
Almost all the B schools have completed and are out with their placement data 2016. The Placement 2016 in all the B-schools have recorded a higher salary in the range of 15 to 50% as compared to last year. Corporate sector appears more inclined to hire MBAs at a much higher salary package rather than hiring ordinary engineering or accounting graduates.

Although top few IIMs have not shared the salary data for placement 2016 till the audit of the same is completed, the indications shown by the placement trends and quick completion of placement 2016 process reflect that there has been a substantial increase in placement packages and the employers have competed among themselves to hire more students from each of the top 4 IIMs.

Institutes like IIMs, XLRI, FMS, MDI, IIFT, SPJIMR, JBIMS, IMI, IMT, FORE, TAPMI, IFMR, XIMB, MICA have already concluded their placement 2016 with higher salary offers and a few of them going as high as Rs.1.05 crores.

Economic slowdown over for MBAs
All the top B schools have been successful in beating the global economic slowdown and unlike the snail’s pace growth rate of Indian Economy, they have shown tremendous increase in highest and average salary packages and on the top of it presented a pleasant surprise with increased number of recruiters at their campuses in placement 2016.

Recruiters competed for early placement
A few of the institutes began their placement process as early as in December 2015 and a few others began it in the month of February 2016 only and announced the completion of the placement in 3-4  days.

Record of shortest placement period
IIM Ahmedabad completed its placement in 3 clusters held on February 12, 16 and 19; IIM Bangalore and IIM Calcutta concluded placement 2016 in 2.5 days; IIM Lucknow in 3 days; IIM Kozhikode in 7 days.

Apart from the IIMs the top B-schools like FMS, XLRI, SPJIMR, MDI, IMT, FORE, XIMB, TAPMI, IMI, new IIMs among others have completed their placement in shortest ever period and have recorded higher salary packages.

Highest & Average packages up
If we go by the trends in placement 2016 in all B schools including IIMs, more surprises await us. Both the highest and lowest salary packages have gone up in varying percentage at different B schools in the range of 15 to 50%. The average salary figure that determines the spread has also shot up even in the non IIMs.

FMS has recorded highest ever international salary package of Rs. 1.05 crore while the average salary has also gone up to Rs.20.5 lakhs. The trend of rising salary packages exists in almost all the B-schools.

Why to wait? Begin your MBA in 2016
IIMs or non-IIMs- the decision has to be taken by you keeping in view the various USPs. However, there is no need to wait for one more year, if you wish to pursue MBA and plan to get a lucrative job in 2018.

There are number of B-schools where admission process is still open. These B-schools accept CAT 2015; XAT 2016; CMAT 2016 as well as MAT 2015 & 2016 scores. If you have scored somewhere between 70 to 90 percentile in CAT or XAT you can expect a very good B-school. Please note these B-schools are going to close their admission process shortly and not much time is left to apply to them.

Rising MBA market offers a lot
MBA programme is inbuilt with great learning experience, and a few B-schools have started offering even 1 year full time MBA. There is no other post graduate programme of similar duration that can offer as much as MBA can do.

It is anticipated that in next 2 years, majority of the employers will be striving towards improving performance and productivity, expanding their customer base, and launching new products and services and less focused on overcoming economic challenges and cutting costs than in recent years. Employers plan to offer more internships to MBA candidates in 2016 according to GMAC survey.  Internships remain one of the most successful ways for Master’s-level business school graduates to receive job offers. As such more employers than those who offered MBA internships in 2015 plan to increase the number of MBA internship openings in 2016 which will add more value to MBA 2016-18 batch.

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