Mu Sigma Placement Papers | Salary, Career Growth, Aptitude Test
Mu Sigma is an Indian Management Consulting Firm that mainly emphasizes on providing data analytics services. The firm’s name is acquired from the statistical terms “Mu (μ)” and “Sigma (σ)” which represent the mean and the standard deviation separately of a probability distribution. Mu Sigma is situated in Bengaluru and has a United States branch office in Chicago.
Mu Sigma was established by Dhiraj Rajaram, a former strategy consultant for the India branches of Booz Allen Hamilton and PricewaterhouseCoopers, in 2004. In 2008, Mu Sigma raised its first institutional investment round of $30 million from FTVentures (now FTV Capital). In April 2011, the company lifted an extra $25 million from Sequoia Capital. In December 2011, the company declared a $108 million round of financing from Sequoia and growth equity investor General Atlantic. In February 2013, Mu Sigma funded with an investment of $45 million from MasterCard, which placed the company over the $1 billion (Rs. 5,400 crores) mark.
The main objective of the company is to begin and institutionalize a basically latest approach to decision making; one that is better engineered for the greater pace of change that businesses experience currently. We call this the New Art of Problem Solving where we desire to give an out of a combination of Art + Science done at Scale. To do this we require being part design studio, part research lab, and part data factory, working to bring it together as a wholesome.
How is Career Growth in Mu Sigma?
Mu Sigma is an incredible place to learn, and as someone gaining exposure to data science. You will be troubled to find a better place to grow as a data scientist and employee. There are high presuppositions, long work hours. There you will find very little work-life balance and not a place for the weak hearted. If you want a place to start your career, and you have the work ethic needed, Mu Sigma can make a big dissimilarity in your career track. Mu Sigma is a vibrating and a crowded place, with young minds discussing problems and solutions. The place offers great chances to work with some of the best companies around the world. The working hours are long, but they are neither routine tired.
What is the Salary for Freshers in Mu Sigma?
The best time to join is December as you would be qualified for the promotion cycle accurately in 1 year. You would be trailing by 3 – 4 months to enter the first promotion cycle in all other cases.
Earlier salary structure:
|1st year||3,00,000 gross + 30,000 variable + 75,000 bonus = 405,000
(bonus is given exactly at the end of 1st year),
|2nd year||500,000 gross + 50000 variable + 75,000 bonus = 625,000|
560,000 gross + 65,000 variable + 150,000 bonus = 775,00
|Total package for 3 years||405,000 + 625,000 + 775,00 = 1,805,000 (i.e 18 lacs)|
Variable payout is 100% for BA and SBAs. The variable is added to the gross salary and the first year bonus is made to 120,000 instead of 75,000.
Revised Salary Structure
|1st year||330,000 gross + 120,000 bonus = 450,000
(bonus is given in the Jan cycle, hence people who joined in May-June would need to wait for 1.5 years )
|2nd year||550,000 gross + 75,000 bonus = 625,000|
|3rd year||625,000 gross + 75,000 bonus = 725,000|
|Total Salary for 3 years||450,000 + 625,000 + 725,000 = 1,800,000 (i.e 18 lacs)|
How to Crack the Mu Sigma Aptitude Test?
Here are the steps to prepare for Mu Sigma aptitude test and crack it.
- Practice some 10th grade and 11th-grade math. Math knowledge is also needed to crack the exam (obviously, the more the better).
- Practice on data involving questions more and something like pie charts or graphs, and quick calculation on that data.
- Be more open while thinking and out of the box and big.
- Fundamental programming knowledge is required (knowledge about loops would do).
- You show them what they are looking for, and that’s that, really.
- Try to be creative. Think of all possible options, take the hints which are advised discreetly.
- Give 8 insights from the data they offer you give them as built points and assure they are exact. It is pretty easy to find out things from the information they provide. Keep in mind that you don’t waste a lot of time.
Since they recruit students from every branch of the engineering department, so each subject was new to non-CS/IT students and they find it good for the first few days. No company irrespective of their field of work send its employees to work floor without any training so Mu sigma is not performing anything new by training their employees.