What is the average salary package that one can get after MBA?

A recent study has punctured the myth that a B-school degree guarantees a fat pay packet. The average annual salary offered to students during placements in close to 40% of B-schools across the country is less than Rs 3 lakh, it has revealed. Students from just 1% of the 4,500 institutes across the country the top business schools that command Rs 12-15 lakh as course fees are offered an annual salary upwards of Rs 9 lakh during campus placement. The country's MBA dream, says the Crisil Research report, is fading fast as there is more awareness about the (lack of) quality, infrastructure and decreasing return on investment. Around 37% of the B-schools were placed in the bottom, with many failing sometimes failing to place a single student. The average annual salary for those more fortunate is Rs 3 lakh. The largest chunk of B-schools around 52% falls in the Tier-III category of the study with an average annual salary of Rs 3-5 lakh. That apart, just 60-80% of students in this category are offered jobs during campus placements. For the study, Crisil categorized B-schools into four different categories based on parameters such as occupancy rate, number of students placed, average annual salaries offered and average course fees charged. The seat occupancy rate is the worst in the 37% institutes that fall in Tier-IV. It is understandable, given that many fail to place any student some years; some though, manage to place up to 60% of a batch.

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