For India’s MBAs, Money Does Not Come First
If you were graduating from a topnotch business school, would you pick a great job profile or a tempting salary?
Going by the detailed rankings about the highest pay packages offered to graduating students that unfailingly flood the Indian news media every year, one might assume the latter.
A whopping 83 percent of Indian business school graduates would opt for a job profile of their preference, according to a recent survey by Associated Chambers of Commerce and Industry of India, also known as Assocham. Only 4 percent of those surveyed said they would pick an enticing salary above all else.
The survey results said that the graduates prefer a good job profile because they believe this would help their career over the long haul.
The fresh graduates appear to be risk-takers too.
When asked if they would rather work for a growing company or an established one, 60 percent picked the former.
Assocham surveyed more than 500 students from leading business schools spread across a dozen cities in India.
The horizons of these graduates stretch beyond the Indian landscape. Seventy-five percent of them want to work abroad, said D.S. Rawat, the trade group’s secretary general. The destination most are eyeing is the United States, followed by the U.K. and Australia.
Banking is the most popular career, with 51 percent of the respondents hoping to pursue it, according to the survey. Other favored fields include information technology, consultancy and marketing.
However, if students had to pick their preferred field of interest or a well-paid job with a desired profile (not in their field), a majority would still choose the latter, the survey found.