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Abstract
Presently a large portion of the placements take place on campus. In Mumbai each
college has its own distinctive policy for campus placement. Average salary package ranges from 2.5
lakhs to Rs 8 lakhs per annum. The highest salary package is quoted at even Rs 12 lakhs p.a.
Commerce students being at par with the engineering students as far as remuneration is concerned.
Keywords: College, Mumbai, Salary.
1. INTRODUCTION
Securing a placement in a decent company is the ambition of most graduates. This
study is based in the metropolitan of Mumbai which is also known as the financial capital of the
country and believed to possess an abundant supply of jobs. The old strategy for enrollment was such
that undergraduates needed to approach various companies which advertised vacancies but nowadays
this pattern has changed. Presently a large portion of the placements take place on campus. Numerous
corporate now visit highly reputed colleges in order to discover talent and build their human
resources.
On-campus placements have turned out to be an apt technique of recruiting
employees. With this undergraduates can secure their dream job with minimal running around.
Undergraduates need not go through long procedures or convey long documentaries. Most companies
gives a structured format to undergraduates in which they need to fill their details. In this way,
companies get their information through this format. . The salary given to the students is additionally
higher than the students who are contracted off-campus.
In Mumbai each college has its own distinctive policy for campus placement. A few
colleges permit their students to sit in exams/interviews for all invited companies; others have some
restrictions whereas most only allow students to appear for the scrutiny of one company.
Conversations with the Placement officers and students of Mumbai Colleges revealed
that top companies like KPMG, Google, PWC, Yahoo, JP Morgan, Godrej, Hindustan Times, Thomas
Cook, Canara Bank, Teach for India, Star India, McKinsey & Co, Axis Bank, Bank of India, EY,
Make my trip participate in campus recruitment fairs. The
Average salary package ranges from 2.5 lakhs to Rs 8 lakhs per annum. The highest
salary package is quoted at even Rs 12 lakhs p.a.
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commerce
25
arts
20
science
media
15
10
5
0
field
Out of the 80 people surveyed, the maximum (47) were from the commerce background, 21 people
were from science, 7 people were from media background while 5 people were from arts field.
Figure-2- Distribution of respondents as per academic grades.
40
35
30
25
20
B
C
15
10
5
0
Grade
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Internship experience
yes
no
The 62 out of the 80 respondents said that they had past internship experience while for the
rest of them, it was their first job.
Figure-4- Most important factor as cited by the respondents which helped them to secure the job.
80
all of them
60
experience
co curricualr activities
40
good marks
20
0
factor
The 37 people attributed it to their good academic marks. 20 of them thought that previous
internship experience helped them immensely in getting the job, 11 people thought that they
could get the job because of co-curricular activities, while the rest of them gave the credit to
all of these factors in getting the job.
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finance
30
marketing
Others
engineering
IT
20
IT
engineering
10
Others
marketing
finance
sector
The 22 respondents recorded their response as banking, accountancy and finance, equal
number of people told that they were working in the consultancy and management sector, 10
people told that they were working in the IT sector, 5 people were working in the engineering
and manufacturing sector, 19 people got their first full time job in the marketing sector while
the remaining were from other sectors.
Figure-6- Expectation of salary.
<20k
20k-30k
expected salary
30k-50k
>50k
10
15
20
25
30
About one fifth of the respondents expected their salary to be under Rs 20000 a month, 30 of
them expected it to be between Rs 20000 and 30000, 20 of them were anticipating their
remuneration to be somewhere between Rs 30000 and Rs 50000 while the rest of them
projected their salary in excess of 50k a month.
Figure- 7- Actual Salary drawn
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actual salary
<20k
20k-30k
30k-50k
>50k
The 46 out of the total The people disclosed they were earning somewhere between Rs
30000-50000 per month, 13 respondents admitted that they were earning less than Rs 20000
a month, 15 of them claimed tobe earning an income between Rs 20000 and 30000 a month
while only 6 people were receiving a pay cheque in excess of Rs 50000 a month.
Figure 8- Relevance of work with degree course pursued
35
30
25
20
15
10
5
0
1
It was surprising to see that almost 40% of the respondents rated the relevance of their degree course
on the minimum scale, while only 20% rated the importance of the degree course on the highest scale.
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20
15
10
5
0
not decided
1-2 years
Most of the people (46) have not yet decided the duration for which they are going to continue
working with the current employer, 18 people said that they will continue working for 1- 2 years, 16
people on the other hand thought that they will continue working with the employer for more than 2
years. The 56 people of the total surveyed people believed that the college reputation was immensely
important in getting them a job; on the other hand 20 respondents thought that the name of the college
had no contribution in getting them placed.
very important
important
not important
The 56 out of the 80 studentswere indeed very grateful to the college and said it was the reputaion of
the college that enabled them to get the placement. It is to be noted that majority out of these 58
respondents were from two of the top coles in Mumbi.
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future plans
not decide
future plans
coninue job
start up
further studies
0
10
15
20
25
30
35
40
Almost half of the surveyed people said that they plan to further study after working for some years,
24 people said that they plan to start up their own business in some years, while 10 people plan to
continue to working with some company, and 6 people have not taken a call on their future yet.
4. CONCLUSION
As many as 9 out of the students who had secured an O grade were working for a salary in
excess of Rs 50000 per month, while only 2 of them were working for a salary between Rs 30000
and Rs 50000
Almost all of the students of HR College, Jai Hind College and St. Xaviers College played a rich
tribute to the reputation of their college I helping them to secure a job
Most of the females want to continue doing the same job in the future, while the male students
would like to pursue higher studies.
Only 31 out of the 80 respondents surveyed were getting the salary matching their expectations.
It was found out that the people who got placed through the placement cells of the colleges were
getting higher remuneration than their friends who secured jobs with the help of online portals
and newspapers.
It is also apparent from the study that the people with previous internship experience were
getting a higher salary than those with no experience.
The salary package of the people from the engineering background was at par with the commerce
students followed by the other backgrounds.
50 % of the people from commerce background said that they were not able to apply the theory
in their current job as compared to 60 % of the arts students and only 30% of the engineering
students
FINAL REMARKS:
Even though experienced candidates require less training and know how to handle long working
hours, companies now days are inclining more towards fresh graduates because they are:
Up- to date with latest technology
More committed towards the job
In possession of ample technical and business skills
Masters of continuous learning
Full of innovative ideas
Not in requirement of higher salaries
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6.
7.
8.
9.
10.
11.
12.
13.
14.
Name:
College:
Stream
commerce science arts media
Grade in College
A B C O
How did you search for the job?
Placement cell
Career centre
Online Portal
Newspaper
Others
How long did you search for the job?
<1month
1-3 months
3-6 months
6-12 months
Did you have internship experience before?
Yes No
According to you, what was the most important factor that helped you to get the job?
Good marks Co curricular activities
Internship experience All of them
You are currently working in which sector?
finance marketing engineering
IT Others
How much did you expect your salary to be?
<20k 20-30k 30- 50k > 50k
How much is your actual salary?
<20 k 20-30k 30-50k >50k
You would have ideally preferred to work in :
Government Industry
MNC
Start-up
Others
You are actually working in :
Government Industry
MNC
Start-up
Others
On a scale of 1 to 5 rate the relevance of your degree course with respect to the job applicability
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17.
1 2 3 4 5
How long do you wish to stay with the current employer?
1-2 years > 2 years not decided
How much important do you think was the role of your colleges reputation in getting you the job?
Very Important
Important
Not important
What are your plans for the future?
Further studies
Continue job
Start up
Not decided
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