One of my friends is a pass out of IIM Indore and she claims the placement statistics are rather misleading in comparison to the actual figures.
The highest package is usually around INR 14 LPA and if you are really qualified then maybe INR 20 LPA. The average is around 8-10 LPA. The lowest CTC stoops as low as 5-6 LPA. Moreover, many students even fail to land a job after completing the program. The reason behind this is the lack of popularity of the program among recruiters. They don’t want to invest in a relatively new and uncertain course, rather they prefer B.Tech + MBA students.
Now let’s talk about ROI. The fees for the first 3 years is INR 5,00,000 per year. The total fee is around INR 25,00,000. Including the additional expenses, we can say it’s around INR 30,00,000. Comparing the fees with the placement we can easily say that the ROI is terrible. You will have to spend many years paying the loan back.
If you are considering studying finance, it is not recommended to do so solely for the purpose of earning a high salary. Students who have graduated from newer Indian Institute of Management (IIM) programs, including the one in Ranchi, have reportedly obtained jobs with salaries ranging from 9-20 lakhs per year, with a median of around 10 lakhs per year. However, it is important to genuinely enjoy the field of study rather than just being attracted to it for financial reasons.
It is also worth noting that as you progress in your career, you may eventually take on managerial responsibilities regardless of your field of study. If you are unsure about your interest in finance, you may want to try taking an introductory course on Coursera to see if it is something you truly enjoy.
IIM Ahmedabad has seen some of the most reputed recruiters over the years one of them being MBB (McKinsey Bain and BCG).
In IIM Ahmedabad ? batch takes consulting and MBB is the largest recruiter among them.
Average Salary: INR 35 LP for associate position (also a bonus of 15-25 percent).
The company does not reveal specified placement data for particular domains. But the average package at JBIMS for this year is INR 27.63 LPA. I can also enlighten you on the kind of roles students from JBIMS Operations are hired in and you can conclude on the basis of your expectations whether the goals are at par with your expectations or not.
JBIMS Operations provides options for various sectors like IT, Finance, Consulting, Manufacturing, etc. Some major companies that offer the best roles are
Companies like Mahindra and Cipla offer roles in General Management. One can easily infer that the roles offered at JBIMS are very similar to those offered at the top B schools throughout the country. Concludingly, the average package is also expected to be fairly good at
IIM Raipur boasts a diverse range of graduate classes with variations both within and among batches. The inter-batch variation is primarily caused by the dependence on corporates, with the first 4-5 batches displaying a slight variation. Intra-batch variation, on the other hand, is a result of factors such as previous experience, the domain of choice, and interview performance among students.
The campus placements at IIM Raipur are noteworthy, with a good variety of offers made concerning different functions. The strongest pool of recruiters came from the Analytics and Consulting sector, with an average salary of Rs 18.15 LPA and a high-end compensation of Rs 32.21 LPA. Additionally, IIM Raipur effectively retained all major recruiters and attracted many new recruiters. Sales and Marketing came in second, with an average salary of Rs 17.48 LPA and the highest salary of Rs 31.90 LPA. Financial Management & Operations followed, with average offers of Rs 16.72 LPA and Rs 18.64 LPA, respectively. Students were also offered General management roles, with an average salary of Rs 16.29 LPA.
The starting salary for M.Sc Food Science and Technology graduates from IIEST Shibpur is around INR 15,000 - 22,000 per month. The scope of campus placement is pretty slim for this course. Students usually receive recruitment offers through off-campus drives. Food Safety Officers, Food Analysts, Quality Control Managers, etc. are among the top roles received by the students of this course.
The average salary for an IIM/SPJIMR pass out in Dubai would depend on various factors such as the specific job role, the industry, the candidate's work experience, and the company's size and reputation. It is also worth noting that salaries can vary significantly based on the location, with salaries typically being higher in larger cities such as Dubai.
According to previous years' placement data, IIMs and SPJIMR graduates have received lucrative job offers from top companies in Dubai in various fields such as finance, consulting, marketing, and operations. The salaries offered have ranged from INR 50 lakh per annum to INR 1 crore per annum.
Again, it is important to note that these figures are from past years, and the current placement data could be different. It is recommended to visit the official websites of the respective institutes for the most recent placement information. Additionally, it is essential to conduct independent research and consult with industry professionals to get a more accurate understanding of the salary prospects in Dubai.
In the 2021 placement drive at IIM Lucknow, Noida Campus, more than 45 recruiters participated, of which over 25 were first-time recruiters, and approximately 29 students participated.
During the 2021 placement drive, the highest CTC was INR 27.5 LPA and the average CTC was INR 18.79 LPA, whereas the average top 10%, 25%, and 50% students were offered INR 25.6 LPA, INR 23 LPA, and INR 21.15 LPA, respectively, and the mean and median CTC were INR 18.21 LPA and INR 18 LPA. The placement drive was attended by top recruiters such as 1mg, EY, Accenture, BUHL, India Today, and Urban Company.
The average annual salary after a bachelor’s degree in Germany is reportedly 49,000 EUR (43.06 lakhs INR). After completing a master’s degree in Germany you can expect an average salary of 57,000 EUR (50 lakhs INR) per annum.
Comparing the average CTC of IIT Delhi and IIM Ahmedabad we get:
Average CTC of IIT Delhi: INR 16 LPA
Average CTC of IIM Ahmedabad: INR 26 LPA
One gets into IIM Ahmedabad after gaining 2.5 years of work experience. Adding the 2 year PGP Program, he is likely to start earning after 4.5 years. Around this time, candidates of both IIM Ahmedabad and IIT Delhi will be earning almost the same amount.
The only advantage an IIM Ahmedabad student will have is its tag which will add value in the long run.