Philosophers
might say that money cannot buy happiness; so don’t hanker after
it. However, more often than not, this philosophy rarely is
implemented in the practical world where high
paying jobs
are what one looks at when we talk of success in our fields.
An MBA
normally adds value to your career and your pay packet is bound to
take a fairly
significant jump
after completion of an MBA course from a reputed B-school. It is a
widely accepted fact that IIM management graduates earn
the best salaries
in our country and are even employed directly from the campus by
overseas companies. However there are many non-IIM management
graduates who also earn an enviable
pay packet.
Some of those top-rated non-IIM MBAs are listed below:
Xavier
Labor Research Institute (XLRI), Jamshedpur:
Offering a wide range of specialization in management courses, XLRI
is a leading private management school in India. Its students attract
an average annual salary of Rs.15.8 Lakhs, highest salary of Rs.32
lakhs and the least salary of Rs.9 lakhs.
Faculty
of Management Studies (FMS), Delhi:
FMS focuses on management education through the combined force of
pedagogy, fieldwork, case studies, and targeted feedback. The
students from FMS get placement offers with average salary Rs.15.4
lakhs and maximum salary of Rs.26 lakhs. FMS used to conduct its own
entrance test a few years ago before moving
to CAT.
The separate entrance test helped it build a strong brand in the
industry and the institute was able to attract some of the best
brains in the country.
S
P Jain Institute of Management and Research,
Bharatiya Vidya Bhavan, Mumbai:
One of the premier business schools in the country, SPJIMR offers MBA
programs with multiple specialization options. The teaching
methodology is guided by the principles of social relevance and
responsiveness, co-operation and collaboration and networking. The
students of SPJIMR get average annual salary offers of Rs. 14 lakhs,
maximum annual salary of Rs. 23 lakhs and a minimum offer of Rs.10.5
lakhs. SPJain is very popular school amongst the finance and
technology aspirants. The school is famous for its emphasis on
experience and hence it was able to offer a second option to many
students who could not make it to IIM.
Management
Development Institute (MDI), Gurgaon:
MDI
aims to produce ‘thought leaders’ and ‘change masters’
through academic excellence and continuous innovation. MDI students
are recruited by some of the best companies with an average salary
offer of Rs13.5 lakhs, maximum salary offer of Rs.21 lakhs and a
minimum offer of Rs.7.8 lakhs.
MDI needs no introduction to those
targeting only IIMs. This is one of the few private management
institutes that have carved out a name for itself in a short period
of time.
Narsee
Monjee Institute of Management Studies
(NMIMS) Mumbai:
Established under the aegis of Narsee Monjee Educational Trust,
NMIMS also has campuses in Mumbai, Shirpur, Bengaluru and Hyderabad.
The institute offers both fulltime and part time management programs.
The average annual salary offered is Rs. 12 lakhs, maximum salary is
Rs. 24 lakhs and the minimum offer is Rs. 6 lakhs. NMIMS offers both
MBA and PGDM courses and it still conducts its own entrance test
which have recently moved online and is conducted by GMAT council.
Xavier
Institute of Management
(XIM), Bhubaneshwar: XIM
envisions pursuing excellence through a three-pronged approach
including academic excellence, personal values and social concern.
XIM offers a wide range of management programs. The average annual
salary of XIM students is Rs. 10.8 lakhs, maximum salary offered is
Rs. 15 lakhs and the minimum offer is Rs. 7 lakhs.
Great
Lakes Institute of Management, Chennai:
This
institute aims to provide quality education at affordable costs to
build human capital for emerging economies. Offering a wide range of
fulltime and part time management programs, students from the Great
Lakes Institute of Management attract average annual salary of Rs.
8.7 lakhs, maximum salary of Rs. 24 lakhs and a minimum offer of Rs.
6 lakhs.
Bharathidasan
Institute of Management, Tiruchirappalli:
BIM was set up for the first time by collaboration with
academics and the industry. BIM is housed within the BHEL campus in
Tiruchirappalli and aims to provide management education with strong
roots in theoretical inputs and proactive partnership with the
industry. The students from BIM are offered average annual salaries
in the range of Rs. 8.8 lakhs, maximum offering of Rs. 10.8 lakhs and
a minimum offer of Rs. 6 lakhs.
