Fat salaries at the IIMs? Seems to be the trend no more.

Earlier an entry into one of the most coveted institutes of the country was a matter of pride for the person who took up admission.it would be straight ticket to the highly admired and respected job which one could earn and a straight entry to the galaxy of the corporate world.

But now it no longer seems to be a unique idea at all. Since the times are changing and a straight entry into the IIM’S will no longer ensure the job of your dreams.

The salaries of most of the graduates from the top institutes like the IIM, seem to be on a downhill even after scoring well in the exams. It is essentially the case as Campus hiring becoming a market and nothing else. Earlier there was much hype around the exorbitant packages offered and one of the most sought-after packages but now the tide seems to have turned down.

HOW HAS IT FARED FOR THE DIFFERENT CITIES?

TIER 1 CITIES-

The campus placements have seen an average dip of around 3.3% annually and it seems to increase even more further.

TIER 2 CITIES-

The salaries for the Tier 2 and 3 cities have surprisingly not changed much and have presented a constant increase from around 7.5 % annually.

What are the various reasons for this?

Lower compensation increases.

Reduced number of total jobs

A controlled attrition rates

Further there are various campus strategies which are carried out and are further employed also.

There are more further additional reasons-

India today has many educational institutes which are offering the same number of courses. The course taking is now not further restricted to a specific institute alone.

It is providing with lakhs of graduates where the demand supply gap is the biggest issue.

THERE IS A LARGE AMOUNT OF TALENT WITH A LIMITED NUMBER OF JOB OPPORTUNITIES AND ALSO highest rates of unemployment in the workforce.

In all this the average Indian graduate highly suffers and becomes a matter of grave concern for the average job seeker.

 

 

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