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How do I get a package of 30 lakhs in the field of marketing, post MBA from IIMA/B/C, FMS, MDI, SPJIMR, and IIFT?
While many may shed their philosophies on how getting a high package should not be your ultimate goal and stuff, I am here with a different opinion. When you are investing a huge amount of money it is only right to expect a greater monetary benefit and a better lifestyle. So I have mentioned some techniques that will help you land a package of 30 LPA specifically in the field of marketing post-MBA from IIM ABC, FMS, MDI, SPJIMR, and IIFT.
- The first thing you need to do is lower your expectations as no marketing placements offer a package higher than 25 LPA. These highest offers are made by top firms like Reckitt Benckiser, HUL, P&G, and Asian Paints.
- You need to figure out what you really are after, a good marketing role or a high-paying job. If you are after the latter I suggest you go for big consulting firms like Mc Kinsey, BCG, or investment banks that offer 30+ LPA.
- But if it is the marketing role you are after, then make sure your resume reflects your marketing enthusiasm. This will further increase your chances of selection.
- Performing well in the competitions conducted by your desired company is another way to get a high-paying job.
- If the Final Placements are your last resort then make sure you have a stable and excellent CGPA. Many companies consider this factor while shortlisting.
These points will help you get your dream job but cannot necessarily guarantee it. It all ultimately depends on your efforts and obviously your luck.
How good is IMI Delhi? With their high fees and much debated average salary package, is it worth joining?
IMI Delhi offers plenty of opportunities in terms of learning and knowledge. With the extremely talented and experienced faculty combined with the terrific industry exposure, the high fees do not seem so high in reality. A student just does not learn at IMI New Delhi, he grows.
Consider only 65-70% of the average package to draw conclusions from it. This is because not all
Students contribute to the average package figure, but only the ones that got placed till the last placement date contribute to it.
The placement scenario at IMI New Delhi however, depends more on your competence than anything. It’s the ones who are genuinely passionate and have worked really hard that are able to face the placements. Before the placements, the committee makes sure to let you know that any failure in regard to placements will be a result of your own incompetence and not the institute’s inefficiency. So be prepared for such scenarios.
Like any other B School, there is a bias towards the Placement committee which gets placed right in the beginning. At IMI Delhi a student can sit for PI a maximum of 5 times but some are allowed to do so more than 7-8 times. There is a distinction between us and you will have to consider this factor.
Now make an informed decision by first determining what is more important for you; placements or academics. If it’s the former you are after then there is no certainty you will get a good package but for the latter, I can assure you, you will spend the best time learning the best things.
What is the career after a PGDM from Goa Institute of Management?
The career prospects once you complete your PGDM from Goa Institute of Management depend largely on your specialization and the plethora of opportunities available. The overall placement has been decent but specialization-wise, there are continuous changes.
GIM is generally considered to be an average B School that does not even make it to the top 20. But its alumni have proven otherwise by achieving more than a top B School graduate. But this wasn’t a cakewalk and required a lot of determination and passion.
The career prospects are subjective and can be determined solely on your performance, specialization, and your determination. It’s not the same for all as GIM is not a top B School. You will have to pave your own way to success.
How much salary can I expect to get if I do a BBA from NMIMS Mumbai?
Obviously, the packages offered to undergraduates are lower than those offered to postgraduates. On average you can expect a package around 5-8 LPA provided that you have
- Scored more than 3.75 GPA
- You have cleared competitive examinations like CFA level 1, CPT ( CA Entrance)
- Completed Certificates
The average package for Marketing and Finance are something around ?3.2 - ?4.5 lacs per annum. These figures are subject to change every year. An exceptionally good student got a job for INR 18 LPA. She was the only exception out of 750 students from School of Commerce (SOC) & School of Economics (SOE).
Do graduates from IIMs and JBIMS get the same salary in MBB?
It is important to understand that MBB, a Management consulting firm operates on a level playing field when it comes to career development and opportunities. Regardless of one's background, the only determining factor for success at MBB is one's performance within the firm. The company values hard work, dedication, and results above all else, which is why your alma mater will not have any impact on your salary, career trajectory, or the type of work you are assigned.
This emphasis on the performance of graduates from IIMs and JBIMS over external factors is a unique aspect of MBB and demonstrates the company's commitment to providing equal opportunities for all its employees. The company recognizes and rewards those who have the skills, drive, and determination to excel in their roles, regardless of where they come from.
In conclusion, it is essential to understand that your alma mater, whether it is IIM or JBIMS, holds no weight in determining your salary in MBB. The focus is solely on individual performance, and the company is committed to providing equal opportunities for all its employees.
What is the package offered to freshers in MBA from NMIMS Mumbai?
My friend was an Engineering fresher student at NMIMS and was very satisfied with the placements of freshers at NMIMS.
Summer placements
During the summer placements freshers are most preferred by sales and marketing companies, especially FMCGs. Even big finance companies hire freshers. The students whether freshers or work experience are preferred on the basis of the individual requirements of the companies which keep changing. So the placement is proportionate and no distinction is made.
Final placements
The final placements take place in 2 stages. The lateral placements are for 24 months and then executive placements are for people having less than 2 years of experience.
Packages offered
During the summer placements, freshers are offered PPOs which are hefty packages. However, for Final Placements, companies do consider work experience and thus experienced ones tend to land better packages than freshers. But the entire scenario is quite unpredictable as I have seen freshers receive the highest package as well as the lowest package. Placements depend on your overall profile which includes your grades and your luck too!
How much salary do the last 50 MBA students get at final placements at B Schools like IIM Indore, IIFT Delhi, MDI Gurgaon, SIBM Pune, etc.?
Colleges invite companies for placements on the basis of the preference list created by the students themselves. This means that the most preferred companies visit in the initial days while the least preferred companies visit towards the end. This eventually means that the last of the batch gets placed by mediocre companies.
Now here is a fact, sometimes the companies visiting at the end in order to get higher preference and attract maximum students, offer high packages that are at par with the preferred companies.
My uncle was a placement coordinator at IIFT a few years ago and gave me an insight into the placement scenario of such B Schools. Numerically speaking if the median salary of a particular B School is X, then the packages offered to the last 59 students would be around 0.6X-0.7X.
|
College Name |
Median Salary |
Salary expected by last 50 candidates |
|
IIM Indore |
INR 24.09 LPA |
INR 16.8 LPA |
|
IIFT Delhi |
INR 25.6 LPA |
INR 17.9 LPA |
|
MDI Gurgaon |
INR 24 LPA |
INR 16.8 LPA |
|
SIBM Pune |
INR 20.80 LPA |
INR 14.5 LPA |
The approximate salary offered to the last 50 candidates of the B Schools you mentioned is around 15-17 LPA.
Kindly note that these figures are based solely on guesses and anecdotes from my juniors, and are just meant to give an idea of the salary.
How are HR summer placements at MDI Gurgaon? What is the average stipend received and what are the profiles offered?
You will be glad to know that the MDI HR batch gets placed much earlier than PGDM. This is because the batch is smaller than the number of visiting companies and hence all the students are placed within no time.
My friend was in MDI Gurgaon HR program and shared the summer placements scenario with me. Packages: 58 students were offered decent packages with the Highest CTC standing at INR 35.57 LPA. In fact the last candidate also got 85000/- month.
Profiles: Profiles vary from consultants to Corporate HR and Plant HR roles. Around 30 students are placed in consultant roles.
Companies visited: The big names that visited MDI Gurgaon for HR placements were Aditya Birla Group, Google, JSW Group, Accenture Strategy, AON Consulting, Deloitte USI, Dr. Reddy’s Laboratories, Flipkart, Mahindra & Mahindra, PhonePe & PwC US Advisory.
All the top B-School competitions for HR are open for 3 colleges only namely Xl, TISS, and MDI. MDI students have won many such competitions and shone the name of the institute. Without any doubt it is one of the best B Schools in the country and its placements are a testament to that.
What is average package for JBIMS operations?
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
- Accenture Strategy
- Mckinsey
- BCG
- HSBC (Operations)
- Crompton Greaves
- TCS
- Infosys
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
Can a fresher at JBIMS get a salary above 14 lpa?
Yes, it’s quite possible for a fresher to land a package of 14 LPA or more. In fact, my sister's batch had many freshers that were offered the best profiles and highest packages. Your lack of work experience should not hinder your performance and talents. As a fresher you should
- Be extremely confident while answering any question
- Have a great extracurricular background
- Have clarity of goals and enough skills and knowledge to pursue them
- Not key your lack of experience take a toll on you
With the right mindset and performance even a fresher can get a good package at JBIMS.
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