Surge in Pay Packages for India's Top Business Schools Amid Hiring Boom
Top B-schools see pay surge as hiring picks up
The Economic Times
Image: The Economic Times
Private business schools in India, including XLRI and SPJIMR, are witnessing a rise in compensation packages for the class of 2026, driven by strong demand from consulting and financial sectors. Despite a decline in tech sector hiring, overall recruiter participation has increased, indicating a recovery in the job market.
- 01Compensation packages for the class of 2026 have increased at several top business schools in India.
- 02Consulting and financial sectors are the primary drivers of this growth, while tech hiring has declined.
- 03XLRI Jamshedpur reports average packages rising to ₹31-32 lakh per annum.
- 04SPJIMR's average package has increased to ₹33.6 lakh, with the top offer dropping to ₹75 lakh.
- 05MDI Gurgaon sees a significant rise in top offers, reaching ₹97.5 lakh per annum.
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Private business schools in India are experiencing a notable increase in compensation packages for the class of 2026, as reported by placement officials from institutions such as XLRI Jamshedpur, SPJIMR, and MDI Gurgaon. The average cost to company at XLRI has risen to approximately ₹31-32 lakh per annum, compared to ₹29.9 lakh for the previous year, with top offers reaching ₹75 lakh. SPJIMR has also seen its average package increase to ₹33.6 lakh, although its top offer has decreased from ₹89 lakh to ₹75 lakh. MDI Gurgaon reports a rise in its average package to ₹29.45 lakh, with the highest offer climbing to ₹97.5 lakh. The consulting and financial sectors remain strong, while tech hiring has seen a downturn, leading to a shift towards domain-focused recruitment. Despite these challenges, the overall hiring landscape shows resilience, indicating a recovery phase in the job market.
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The rise in compensation packages indicates a recovering job market, benefiting graduates from these institutions as they enter a competitive workforce.
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