Attrition for MBA campus talent highest across degrees; employee turnover among campus hires drops in 2023 vs 2022, survey shows
Attrition rate among MBA graduates hired directly from campus was the highest across disciplines in 2023, reporting the highest one-year (40 per cent) and two-year (38 per cent) attrition rates, showed a survey by Deloitte.
Infant attrition was the highest among Graduate in Management (BBA /BCom /others) degree holders with 33% of fresh hires leaving organisations in less than a year of joining, showed data shared exclusively with ET from Deloitte’s Campus Workforce Trends 2024 survey.
Overall, across degrees/courses, infant, one-year and two-year attrition across top-10 and Tier-1 campuses in 2023 was 21%, 26% and 28%, respectively; for Tier-2 and Tier-3 campuses, it was 19%, 21% and 25% respectively.
The survey, however, showed the attrition rate has reduced from 2022. For instance, for MBA hires from Top-10 and Tier-1 colleges, attrition was at 24% (infant), 40% (one-year) and 38% (two-year) in 2023, compared to corresponding levels of 25%, 43% and 36% in 2022.
For BE/BTech campus hires, attrition fell to 15% (infant), 22% (one-year) and 26% (two-year) at Top-10 and Tier 1 colleges in 2023, from corresponding levels of 32%, 34% and 25% in 2022. During the big IT attrition wave in 2021, these numbers were as high as 28%, 46% and 35% respectively.
“Attrition in Corporate India has dropped overall and that reflects in turnover among campus hires as well. This is reflecting across degrees with the steepest fall being in BTech and BBA degrees at 13
