Not too long back, placements after graduating from a B school were at reputed financial institutions, FMCG companies and also in the banking sector. Today there seems to be a 360 degree change in the attitude of both the students graduating after completing their management education, as well the placement cells of colleges inviting companies to seek for potential candidates.
Start-ups have literally hogged the limelight. A management graduate today has the option to choose from – he/she can go ahead and join a stable, well paying organisation or can also have the option of getting their hands dirty in case of a Start-up.
Money is a big factor to consider, but with funding coming their way, specially from more established markets, the start-up culture is here to stay, at least for some time now.
Let us look at a comparison between Joining an MNC vis-a-vis a Start-up:
- Old is gold. Well, not always. A lot of students are of the opinion that it would be beneficial to be a part of an established, more seasoned organisation, especially at the beginning of their carer. Most do not want to jump into a turbulent river right at the start. They would rather spend a little bit of time learning the ropes of the business and getting well entrenched into the work culture, before making the move of joining a more risk prone establishment.
However, there are many others who like to face challenges head on. Joining an interesting Start-up that fuels their interests and ambition does not overwhelm them. It is like having gwo sides to the same coin. An older organisation will give you stability, but a Start-up will give you the necessary push to test your limits better. SMS College invites organisations far and wide – including old companies as well as the new entrants in the industry.
- Money and Salaries. Without a doubt, salaries are bound to be better in an established organisation as compared to a Start-up. Most Start-ups are boot strapped and face cash crunches. Even though funded, salaries are often not the highest or do not end up reaching the peak. SMS College has an average starting amounting to INR 7.8 lakhs in the year 2016.
- Passion and Learning: A Start-up offers ample learning and experimentation. This is a place where you can get your hands messy with each and every work profile and get a better understanding of every department.
Start-up teams are often lean – and most employees are expected to fill in for each others’ roles when required. Whereas, in a bigger organisations, work profile and roles are well defined with little scope of variation.
- Stability: An established work set up as in case of a Bank or an MNC is bound to offer a far stable work profile as compared to Start-up. A Start-up does run the risk of a shut down, being taken over by a funding company, or even resource cutting when faced with crunches.
- Flexibility: A Start-up does offer a lot of flexibility as compared to a bigger organisation. A Start-up allows the flexibility of working from remote locations and even virtual interface between external and internal stakeholders.