What is the LPA Package Offered by Companies to NICMAR Graduates?

The National Institute of Construction Management and Research (NICMAR) offers specialized courses in construction management and related fields. Graduates from NICMAR are often sought after in the construction and real estate industries. This article explores the typical LPA (Lakhs Per Annum) package offered by companies to NICMAR graduates, as well as the factors that influence these packages.

Role of NICMAR and its Graduates in the Industry

NICMAR provides specialized training and education, preparing graduates with the necessary skills and knowledge to excel in various roles within the construction and real estate sectors. Upon completion of the NICMAR course, graduates can expect to start their careers with competitive LPA packages that reflect their expertise and qualifications.

Factors Influencing LPA Packages

Several factors can influence the LPA package offered to NICMAR graduates:

Job Role

The LPA will often depend on the specific job role you are being hired for. Positions such as project managers, site engineers, quantity surveyors, and planning engineers typically have different salary levels based on their responsibilities and required skills. For instance, a project manager might earn higher than a quantity surveyor, given the additional managerial responsibilities.

Experience

Companies usually consider your level of experience when determining the package. If you have prior work experience in the construction industry or have completed internships during your studies, it may positively impact the salary offered. A candidate with 2-3 years of relevant experience might command a higher LPA than a fresher. Internships can also provide valuable work experience, further boosting your LPA.

Location

The location of the job plays a significant role in determining the package. Salaries may vary based on the cost of living in different cities or countries. Metropolitan areas often offer higher packages compared to rural locations. For example, a position in Mumbai might command a higher LPA than the same position in a smaller city like Lucknow.

Company Size and Reputation

The size of the company can also affect the package. Larger companies with extensive projects and financial resources tend to offer higher salaries and additional benefits compared to smaller firms. For instance, a project offered by a multinational corporation may come with a higher LPA than a smaller regional firm, even for the same role.

Typical Salary Ranges for NICMAR Graduates

As of the latest data, NICMAR graduates typically receive starting packages ranging from INR 6 to 12 lakhs per annum, depending on the role and company. Some top-performing graduates might secure offers even higher than this range. The following is the approximate LPA for various roles:

Project Manager: INR 8-12 lakhs Construction Manager: INR 7-10 lakhs Site Engineer: INR 6-9 lakhs Project Coordinator: INR 5-8 lakhs Business Development Manager: INR 7-11 lakhs

However, these figures can vary based on the above-mentioned factors. For the most accurate and updated figures, it is best to refer to the latest placement reports from NICMAR or reach out to alumni networks.

Conclusion and Advice

The package offered by companies after completing the NICMAR course is designed to attract and retain talented construction professionals and civil engineers. It typically includes a competitive salary, benefits such as health insurance, provident fund, and other perks based on the company's policies and industry standards.

Remember that specific package details can vary from company to company. It is always advisable to research and negotiate based on your qualifications, skills, and the market value for your desired job role. Good luck with your career in the construction industry!

Key Takeaways:

Job role significantly influences LPA Experience and internships can positively impact LPA Metropolitan areas generally offer higher LPA than rural locations Larger companies often provide higher salaries and additional benefits