Management consultancies are the biggest draws for the batch graduating in 2008 0f India’s prestigious B-Schools, the Indian Institutes of Management, says Nielsen Campus Track-B School Survey 2007.
McKinsey & Co was rated as their “Dream Company” by 40 % of the students interviewed.
Investment banking (31%), foreign banks (24%) and software, IT consultancy and service (24%) follow as the next most popular employment destinations for students from the six IIMs across the country. In terms of the sector showing greatest promise for the future, retailing tops the list with 39% students positively inclined towards it. This is followed by private equity firms (26%) and investment banks (24%).
Compensation is an important attribute in choice of organisation. Survey respondents expected an average compensation of Rs. 19 lakhs per annum from their “Dream Company” – 30 % more than last year. Salary expectation from a local companies @ about Rs.14.2 lakhs is almost doubled to Rs.27.4 lakhs when it comes to foreign companies.
Putting a handsome package aside, 47 % expect to move out of their first job in less than 3 years in search of better career opportunities and higher compensation packages.