The concerns on slowdown in global economic growth seem to have had little impact on hiring of management graduates in the country, with the average salary offered this year jumping 22 per cent and many offers coming from financial sector, says a report.
"Across top 20 campuses, the average salary offered this year is about 22 per cent more than what was offered last year," said a report prepared by MBAUniverse.com, a management portal.
Among the institutes surveyed, IIM-A saw the biggest salary hike of 30 per cent, while Indian School of Business (ISB) witnessed a jump of about 19 per cent.
The average domestic salary of the IIM-A graduates stood at Rs 18.75 lakh (Rs 1.87 million) per annum, making it the highest. This year IIM-A has had an average international offer of $ 109,000.
In terms of offer, banking and financial services were the biggest recruiters across the management institutes.
The MBA Placement Report 2008 was prepared after analysing the placement analysis of final placement trends from Top 20 B-schools, including IIMs and ISB.
Other institutes included in the survey are Indian Institute of Technology (IIT) Business schools, Xavier Labour and Relations Institute, Jamshedpur (XLRI), Management Development Institute (MDI), Gurgaon and Mumbai-based S P Jain Institute of Management & Research (SPJIMR).
Financial sector accounted for about 45 per cent of the job offers in IIM-A, 40 per cent in IIM-B and 34 per cent in IIM-C.