MBA/PGDM students for the batch 2017-19 in B-schools are getting 15 to 25% higher stipend in summer placement over last year. The rising salary data and increasing number of participating recruiters in Summer Placement 2017 in IIMs, FMS, MDI, XLRI, IIFT and other top B-schools for the summer internships 2018 reveal that the MBA job market is soaring and MBA/PGDM students are getting higher stipend offers than last year.
As per the placenent news released by IIM Indore the highest package receive this year is 89.25 lac. The average package is 20.79 lac. Domestic package is twenty three percent higher than that of last year. Even average ranking colleges have shown great hike in their placement. In many colleges average placement is equal to the fee paid for two years. It shows that ROI is double of their annual investment.
Seeing the trend career counselor are suggesting the aspirants to join a b school with good ROI instead of going for the drop. One year before joining means package a year before and feeling of stability, while drop is not a guarantee to get top 50 b school if one has an average academic record.
More recruiters are making more offers and many B-schools have completed their summer placement within a short period of 3-4 days. Out of hundreds of participating recruiters in summer placements, many have to go back as 100% summer placement is done even before the scheduled arrival of the remaining recruiters. The market is expending and needs professionals. Therefore b schools offering compatative corporate training may help you save your year.