Are you wondering whether pursuing MBA will eventually furnish a lucrative job opportunity and the hefty paycheck, both generic beliefs associated with an MBA degree? Let’s look at the current job scenario for fresh MBA graduates, for example, global and domestic private equity (PE) funds are beefing up their presence in India and hiring more junior talent to help source and execute deals better.
According to the Economic Times, these PE funds are paying young graduates from top Indian and global institutes, in the age group of 23-28, anywhere between ₹ 35 and ₹ 80 lacs.
In the past one year, there has been a 50% increase in demand for junior-level talent in the PE industry. SonaliManek, practice lead-private equity at Vito India, said, “As funds grow in size, they do not need more people at the senior level, but at the execution level”.
Among growth and buyout funds, there is improved interest in handpicking quality undergrads from consulting and global Investment banking platforms.
According to the ET Top Recruiters Survey, data from 26 top B-schools was collected and the top 5 recruiting companies were Deloitte, Cognizant, ICICI Bank, Infosys and Wipro. Consulting companies governed the hiring process. To their surprise, newer IIMs, like IIM Trichy and IIM Kashipur, are performing better on the placement front and summer placements are becoming even more popular amongst recruiters.
B-schools provide companies with first-rate talent, which can be trained by them in areas of cutting-edge strategy, consulting and technology. This in turn ripens the candidates’ skill and acumen to develop futuristic solutions for their clients. Companies look for sharp, flexible quick-thinking candidates who can play a significant role in expanding the company’s customer/client base.
A simple translation of the information above is that as funds increase in size, they require more people at the execution level rather than at the top. Although some of the paychecks at the beginning may not be as hefty in comparison to what a top-level member might be paid, a candidate ought to understand that with as much as two years of working experience after joining such funds, there can be a substantial rise in the amount of money that comes in at the end of each month. Keep yourself well-informed on the changing trends in MBA placements. An essential trait of a to-be management grad to possess is to always be exceedingly well-read and aware of the ever-changing dynamics of the market.
We at BYJU’S, encourage all prospective MBA aspirants to make educated decisions and not deter from a challenge. The first step to your MBA dream is CAT. Stay tuned with BYJU’S to get more information about the CAT and other related news.