The popular perception of doing an MBA for an assured fat pay check seems to fade away soon as recent studies reveal that nearly 40% of the MBA graduates failed to touch the expected margin. But that does not mean that the demand of an MBA degree has become less. With more and more foreign conglomerates entering into the country the opportunity for MBA graduates is immense. However, the survey may be revised as the economy revives and offers MBA graduates the expected salary.

However, it should be remembered that the actual benefit one will see in terms of one’s salary only if the degree is earned from a reputed institute. These institutes are usually the ones that can be categorized as the top notch institutes. During their placements, these are the ones to get the benefit of placement offers that goes till 9 LPA (Lakh Per Annum). The same is not the case with the institutes of lower rank. These universities sometimes fail to even place a single student with a guaranteed job. These unlucky university students make up 37% of the total that exist in India.

On the other hand a recent study conducted over the salary offered to the MBA graduates shows that top notch institutes get a jump of nearly 70% in the salary structure and signing bonuses of companies visiting business schools to offer jobs. Companies like Google, Nike, J P Morgan, Johnson and Johnson, Procter and Gamble, PepsiCo, BMW India, Sony Electronics, Deutsche Bank, Toyota, Nestle and Hindustan Unilever are some of the companies that offer best of the salaries to the candidates they recruit during campus placement.

These are the companies that offer anything between 5 LPA to a maximum of 30 LPA on an average. While considering these figures one must take into account the fact that the demand for an MBA fresher and professional mainly comes from the financial services sector, the consumer goods companies and the consulting firms.

If considered, IIMs have witnessed a dramatic growth of salaries during the past few years. Students from ISB in 2013 got 20% more salaries than their senior graduates. Numerous companies frequently visit this campus including Boston Consulting Group, Credit Suisse, Deloitte, Deutsche Bank, AT Kearney, Nokia, Philips, Cognizant, and so on. Students may also enjoy a huge signing up bonus in the same year. Students from IIFT have also been seeing salaries moving northwards with each year.

Moreover, brand of the institute matters a lot in deciding your post MBA salary. Most top companies in the world look to recruit only those fresh graduates who come out of top b-schools. This is probably because of the fact that there are only a few MBA colleges spread across the country and many, from different undergraduate programs, are looking to grab an MBA degree because the degree apparently holds a lot of importance.

What would be one’s salary post MBA depends on lots of factors such as brand of the institute, individual performance, prior work experience, the company one is joining, which segment of industry and so on. Nevertheless, MBA is still a lucrative career option in the long run in spite of economic downturn. However, one should always aim to pursue it from a top category B-school without settling for lower grade colleges.

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