Starting salaries for graduate and postgraduate students with technical degrees from tier-1 colleges in India are three times higher than that for their counterparts from tier-3 colleges.
Further, MBAs from tier-1 colleges command four times as much starting salary as the MBA pass outs from tier-3 colleges.
These are among the findings of a survey of 70 companies by Willis Towers Watson, multinational risk management, insurance brokerage and advisory company.
Campus hiring is seen as one of the most preferred channels of entry-level recruitment by Indian organisations, according to the survey, which was conducted across college tiers for B.Tech, M.Tech and MBA students, along with other graduates with BA, B.Com, B.Sc and BBA degrees.
Of the companies hiring through campuses, around 72% hire BTech students; 30 per cent hire MTech; 63 per cent hire MBAs and 34 per cent hire graduates from other streams
Organisations encourage transparency by communicating the compensation pay mix at the time of hiring, says the survey. Findings reveal that the salary difference between a technical graduate and postgraduate is not very significant – averaging at 16 per cent higher salaries for postgraduates.
There is also no significant salary differentiation between tier-2 and tier-3 colleges for graduates from other streams.
MBAs and M.Tech students similarly command similar salaries, though at Tier-3 institutes, those with M.Tech degrees get higher salaries than those with MBA degrees.
The salary difference between technical graduates and other graduates, however, is significantly different – averaging at 2.89 times higher salaries for technical graduates.
By Baishakhi Dutta
