Source: Times of India | March 17, 2014
The survey was carried out by Graduate Management Admission Council (GMAC), which conducts the GMAT exam for admission to more than 6,000 graduate management programmes worldwide.
Canada leads the table for annual median salary at entry level with US$ 75,000, but it is the US which pays the highest mid, senior and executive-level salaries. The pay package for B-school alumni in India was among the lowest in the 18 countries listed in the survey.
“This is a robust survey results in this debut effort from direct collaboration with 132 business schools in 29 countries. A fascinating highlight of this year’s alumni survey is the wide reach of salary data. Seeing earnings data by job level for graduates of business school who work in India is helpful information to consider in one’s career planning and expectations,” said Michelle Sparkman Renz, director, research communications, GMAC.
As for B-school education, 77% of the alumni said it was financially rewarding. Old students also ensured that they keep in touch with the alma mater be it for mentoring scholars or for recruitment. Nearly 34% of recent alumni have kept contact with the faculty, while 28% attended alumni events. Around 43% of old students visited their alumni website, and an even higher 45% followed their B-school on social media.
The survey also revealed a shifting preference in functional domain. Since 2000, finance and accounting has been the dominating sector, overtaking the tradition general management. Emerging trends show that marketing, sales and consulting are the new areas of aspiration.