Taxila MBAs Landing Average Starting Pay over Rs 10.0 Lakh
Graduation at Taxila Business School brings highly money-spinning jobs. Makes you CrorePati in less than 6 years.
In fact, the upper-tier MBA programs aren’t very cheap. When you drag up your forgone earnings from quitting the job, the total cost of an MBA can approach a quarter of a Rupees 10 million. But as today’s employment report from the Taxila Business School clearly shows, the rewards are just as stupendous as the costs. Hindustan Unilever Ltd, Asian Paints, S&P Global, VIVO
This year’s graduating class of Taxila MBAs pulled down a record Rs 22.00 Lakh in total first-year compensation. That starting salary, adjusted for the percentage of MBA pass outs reporting bonuses and other assured first-year compensation, represents a 22% improvement on the year-earlier total
of Rs 18.00 Lakh
The pay boost occurred largely because of Rs 70000/ jump in median base salaries to Rs12, 00,000.00 this year, from Rs 11, 30,000 a year earlier, as well as a growth in both the size and number of students who reported getting other assured payment.
TOTAL AVERAGE PAY FOR A TAXILA MBA IS: Rs 12, 00,000.00
Hindustan Unilever ltd which generally recruits from IIMs also conducted campus drive at Taxila Business School and hired students. One in ten students of the batch year of 2019-20 accepted jobs in consulting/analytics where the pay also was well above the class average.
Excellent placements reported by Taxila Business School at Jaipur for the batch passing out in 2020. Business School completed its 97 % placements till now. Still, 1 ½ month is remaining to provide various options to students. More than 52 organizations participated at Taxila Business School for their recruitment process. A number of students got multi-offers from different organizations.
Top four multinational organizations like Hindustan Unilever Ltd, Bosch, S & P Global & Vivo selected more than 41 students. They offered a very handsome package to students which are far exceeding industry average. From the financial service sector IDFC First Bank, Canara HSBC, ICICI recruited more than 17 students & other service industry companies like Jaro, Byjus, and Lido recruited more than 11 students. These organizations offered excellent packages of up to 8.5 to 12 LPA.
Companies like OPPO, Infosys, India Mart, American Express Bank, Fortis Healthcare, NAV Inc., Info Edge, Asian Paints, Radio Mirchi, Treebo, and Outlook also recruited candidates from Taxila Business School during 2020. Still, drives are open for various organizations like Bosch Ltd., VVDN, Home First, GATI, Vmart, etc.
Few organizations conducted two rounds of recruitment drives as they found the quality of students better at Taxila Business School compared to others.
Major placements 59% were in the consulting companies and service sector which includes the Financial Service sector 28%, IT sector 16%. Travel, Health, Entertainment & Education sector contributed 30 % in placements. Companies from the manufacturing sector recruited 19%.
Organizations commented positively on the course curriculum of Taxila which includes Business Analytics, Digital Marketing & Advanced Excel Certifications. These fields are now very important for start-ups and well-established companies. Rigorous course and time schedule makes students fit for their needs.
97% OF THE CLASS OF 2020 HAD AT LEAST ONE JOB OFFER BEFORE THREE MONTHS OF COMPLETION OF GRADUATION.
Typically, Taxila Business School MBAs beat every other school’s graduates in pay, with the exception of few.
The Taxila Business School numbers—reported as averages–again prove the value of the MBA degree. All the figures, furthermore, tend to be conservative approximations of first-year compensation for MBAs since they fail to include reimbursement of Insurance, tuition, stock options, other equity awards, and several other perks including performance bonuses, profit-sharing, or others matching plans.
Mr. Akhilesh Chandra Placement Chair at Taxila Business School said that 97% of its graduates had job offers before three months of graduation, with 89% of the MBAs accepting their offers. The gap between offers and acceptances is frequently a signal of how selective MBAs have become in what is a very strong job market. Students are simply waiting for that ‘perfect’ opportunity, unwilling to settle for the first offer from an employer.
CONSULTING AND TECH UP, HUMAN RESOURCE SERVICES DOWN
While several other schools have reported placing more MBA students in financial services this year, Harvard’s graduating class sent fewer of its MBAs into the financial sector. Some 28% of the class headed into finance this year. Meantime, consulting was up by two percentage points, taking 59% of the entire class.
Among the financial service-bound crowd, Mr. Akhilesh Chandra said that 15% took jobs at firms specializing in venture capital, private equity, and leveraged buyouts, investment banking, sales, and trading hired 6% of the class. Investment management firms and hedge funds took 6%.
Happy Faces of Taxila Business School
Check out the Detailed Stats at Placement Report 2018-2020