Daily NewsView All News
The name of an applicant’s college or university can affect their earning potential, according to a survey by executive search firm MANCER Consulting. Companies can pay employees from top level business schools up to twice as much, as employees from less well-established institutes.
According to the survey, an applicant with 2-5 years of experience from a top level business school can expect to be paid between INR 1,000,000 and INR 1,200,000 per annum (USD 10,819 – USD 12,982), compared to between INR 400,000 and INR 750,000 per annum (USD 4,327 – USD 8,114) for candidates from other institutes.
MANCER Consulting CEO Satya D Sinha said, “The last few years have shown salary fluctuations across the human resource profession in specialised functions in different industries. Industries are getting more focused on business school hiring for specialised roles.”
According to the survey, the market is getting tough for graduates from Tier 2 and Tier 3 business school wanting to work as HR specialists. Large multinational companies are becoming more inclined towards HR professionals from top tier schools for all HR roles.