Understanding HR Package Expectations at SIBM and SCMHRD

When considering a career in Human Resources (HR), one of the primary concerns of graduating students is the package they can expect from different universities. This article delves into the average and high package expectations for HR specialization at SIBM (Symbiosis Institute of Business Management) and SCMHRD (School of Career Management HR Development Center). Understanding these expectations is crucial for both students and recruiters.

SIBM (Symbiosis Institute of Business Management)

SIBM, renowned for its business management programs, is also well-known for its HR specialization. According to the data from the past few years, the average package for HR specialization at SIBM stands at approximately 21-22 lacs per annum (LPA) for the batches of 2020-2022. The package figures are reflective of the growing demand for skilled HR professionals in various sectors.

SIBM's HR program focuses on equipping students with not only the technical skills but also the soft skills necessary for a successful career in HR. This holistic approach ensures that the students can handle the challenges of the evolving HR landscape effectively.

While the average package provides a benchmark, it is the highest package that often grabs attention. For SIBM, the highest package received by HR graduates is around 23.50 lpa. However, it's important to note that while these figures are impressive, they represent the top 1-2% of the graduating cohort. Most graduates secure packages within the 21-22 lpa range.

SCMHRD (School of Career Management HR Development Center)

SCMHRD, another top-tier institute for HR specialization, has been consistently producing high-quality HR graduates for several decades. The average package at SCMHRD for the HR specialization of 2020-2022 stands at over 21.61 lpa, with the highest package reaching around 35.50 lpa for the same batch.

The data indicates that SCMHRD's HR program is highly sought after by prospective employers due to its practical and industry-relevant curriculum. Many big companies actively recruit from SCMHRD, acknowledging the caliber and aptitude of its graduates. This employer engagement is a testament to SCMHRD's reputation for producing well-prepared and competent HR professionals.

SCMHRD's curriculum is designed to cover various aspects of HR management, including recruitment, employee relations, compensation, and benefits. The program emphasizes real-world applications through industry collaborations, internships, and guest lectures from HR professionals in the industry. These experiences contribute significantly to graduates securing top packages.

Factors Influencing HR Packages

Several factors influence the HR packages offered by companies. These include the company's size, industry, city, and overall financial health. Larger companies, especially those in the FB, IT, and BFSI sectors, tend to offer higher packages. It's also noteworthy that the tier-1 cities like Mumbai, Bangalore, and Delhi offer higher packages compared to tier-2 and tier-3 cities.

besides the location and the company's financial status, candidates' performance in their academic profile, internships, and industry exposure significantly impact their package expectations. Companies often look for those with a strong academic background, relevant internship experience, and industry-specific skills.

Conclusion

Both SIBM and SCMHRD are distinguished institutions known for their HR specialization programs. While SIBM offers an average package of around 21-22 lpa with a top package of around 23.50 lpa, SCMHRD boasts an average package of over 21.61 lpa and a highest package of 35.50 lpa for the 2020-2022 batch. These figures reflect the high demand and recognition of these programs in the job market.

To secure a high package, students should focus on improving their academic performance, gaining relevant industry experience, and networking with industry professionals. By doing so, they can increase their chances of securing a lucrative package in the competitive HR job market.