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What is the average salary package of a candidate after completing MBA from private colleges?


Date: 05 Jun 2016    Group: Career Guidance    Category: Other Jobs   

Nowadays many students complete MBA by securing admission under management quota in a private management college. What is the average salary package of a candidate after completing MBA from private colleges? In how many years the cost of such degrees are recovered?
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Want to know the salary package of MBA graduate? Find responses from experts on this page.


Author: Vinay Jain    05 Jun 2016      Member Level: Silver     Points : 3  (Rs 3)    Voting Score: 0

Dear Member

MBA is most rewarding career, provided the course is done from one of the top 20 b-schools in India. If you go below that, the chances of getting a decent job start going down. Most of these top 20 b-schools have a 100% placement record and the starting salary per annum from placements in these top b-schools may vary from 5 lacs- 20 lacs depending upon the b-school, and the company where you get placed.

Doing MBA from management quota from private management institutes is not worth it. Rather you would prepare and try to clear one of top schools. Still if you want to go for it no one can assure you of a job equivalent to your qualification and salary may be as low as Rs. 10-15'000 per month. Placement records of these institutes is dismal.

All the best !


Author: Sheo Shankar Jha    05 Jun 2016      Member Level: Gold     Points : 4  (Rs 4)    Voting Score: 0

MBA can offer you a satisfying career provided the same is being persued by top Institutes such as from IIM or Xavier's Institute. This calls for a thorough preparation so that you may secure a high percentile in CAT or you clear the XAT test with a high scoring. Such preparation would appear to be a brain - storming exercise needed to upgrade the mathematical solving problems and at the same time you need to be proficient in English and well versed with the current affairs.
Clearing either of the two tests would brighten your career since in either case, you earn a prestigious Management degree.
Salaries in such cases may range between 20 to 30 lacks annually depending upon your performance in the Interview.
Some aspirants from IIM have secured a job beyond 60 lacks annually from the top fortune companies.
Top 20 B- schools,too, can be considered for admission through MAT test and you may land into a job of 10 to 12 lacks annually from prestigious organisation.
To have a MBA degree from a private college may not give you desired result since there is no dearth of Management - graduates from prestigious Institutions and your placement - prospects would be bleak. At best, you may be offered ? 10,000/- per month despite your best efforts in studies in the college.


Author: Mahesh    06 Jun 2016      Member Level: Gold     Points : 3  (Rs 3)    Voting Score: 0

These days MBA courses are stream specific. So the salary also varies from one stream of MBA with another. Most of the salaries in campus placement start from the 5L onward. You can find the people earning anywhere around 10L within few months of switching the jobs.

Hospitality MBA jobs have consistent earning. You may find that it offers some specific level of growth. But you can get better salary than most sales and marketing MBAs.

Finance and Business Administration gets the most salary. The packages can be as high as 20L to 50L in some cases.

Sales and Marketing MBA have very higher potential. However they start with the low salary and also reliant on the result based jobs. So unless if you perform in those with specific results, you may not be able to make much money.

Any MBA that you choose requires some hard work for few years. And after that you can easily get higher package based on the experience.

Find the first job that you get and make sure you get some experience in it. This way you can easily make the higher hierarchy jobs. Also jobs in the account management and the finance end up paying more. So you should focus on those if possible.


Author: Raja    07 Jun 2016      Member Level: Silver     Points : 4  (Rs 4)    Voting Score: 0

Goodday,
Since you possess the talent of doing MBA definitely its possible to attain a good job of what level you think. Your efforts are more important than you are studying in the private management college under the management quota.
Since your MBA must be after a Under graduate degree, both of your percentage in academic matters the most for the company hiring you. If you are first class degree holder in both Under Graduate, Post Graduate, and also a hard worker its possible to find a job with good salary packages.
Most of the Top MNC's do require 10,12,UG,PG as the first class as the basic requirement from the candidate. If you are strong in Analytical skills, verbal reasoning skills, Mathematical Skills, Good speaking and written English Knowledge its good to get a job with desired package of 5-6 Lakhs per year for starters or freshers in the industry.
Hot stream MBA in Hospitality offers a good package of 4-5 Lakhs for freshers.
Proven sales experience with MBA is also given a starter package of 5 -5.5 along with commission in sales in some of the industry.
If you are a IT Graduate with MBA along with some vendor certifications with proven practical knowledge the package varies for the starters from 4-4.5 lakhs per year.
MBA are of different classifications according to the industry and interest of the candidate to choose.
M.B.A are in General, Marketing Management, Project Management, Financial Management, System Management, Corporate Secretaryship, Education Management, Hotel & Tourism Management, Hospital Management, Human Resource Management, Hospitality and Tourism Management, Entrepreneurship Management, International Business Management, Retail Management, Banking & Financial Management, Production& Operation Management, Technology Management, Logistics and Transport Management, Agri-Business Management, Media Management, Health Management, Airline & Airport Management, Apparel Management.

The M.B.A's can be into different specification, efforts of yours matters to most for the good salary package.





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