<p>An average of one in every ten top level corporate executive is opting for start-up ventures to satisfy their urge to take up challenging roles, a new survey has found.<br /><br /></p>.<p>However, the success rate of an executive working with an established traditional business moving to a start-up venture is very low.<br /><br />According to executive search firm MANCER Consultancy, ten out of every 100 executives seek jobs with a start-up and only one aspirant out of those 10 actually get hired.<br /><br />Some of the recent examples of this trend include former Citigroup CEO Vikram Pandit joining India's JM Financial to lead its ambition of setting up a bank.<br /><br />Besides, Fresenicus Kabi Oncology's former CFO Dheeraj Chopra has joined as the financial controller of Indian start-up operation for Akron, while Huawei's former Chief Technology Officer A Sethuraman has joined Deeya Energy.<br /><br />Experts believe that entrepreneurial bug, flexibility of doing their own work and pay packages have driven a large number of executives in the last 3-5 years to join a start-up.<br /><br />HR Consultancy Unison International estimates that as many as 15,000-25,000 top level company executives in the country have migrated to start-ups in past 3-4 years.<br /><br />"A start up in this age can become a multi-millionaire company if the idea is great...top level executives have grown in a large structure with very minimal risk, so they tend to incline towards a start-up venture because the idea of facing new challenges excited them to a great extent," Athena Executive Search Firm Director Bhavishya Sharma said.<br /><br />As per Executive Access MD Ronesh Puri: "Nowadays, risk appetite has increased, as more and more executives are becoming financially secured these days. The concept of start ups is more exciting with great fun and various hurdles."<br /><br />Experts also believe that the growth in the Indian market has significantly helped in promoting entrepreneurial ventures.<br /><br />Unison estimates that as many as 10,000-15,000 start-ups were set up in India last year alone.<br /><br />Experts say that the pay packages at many start-ups are much higher than the salaries given by even MNCs.<br /><br />"It's a risk in reward ratio, higher the risk higher is the reward," Sharma said.<br /><br />Other than the attractive money, MANCER Consultancy's CEO Satya D Sinha believes, bureaucracy and limited growth within the MNC are also key factors for the shift.<br />Unison International MD Udit Mittal, however, said that the executives prefer global startups over their Indian peers due to a better sense of security.</p>
<p>An average of one in every ten top level corporate executive is opting for start-up ventures to satisfy their urge to take up challenging roles, a new survey has found.<br /><br /></p>.<p>However, the success rate of an executive working with an established traditional business moving to a start-up venture is very low.<br /><br />According to executive search firm MANCER Consultancy, ten out of every 100 executives seek jobs with a start-up and only one aspirant out of those 10 actually get hired.<br /><br />Some of the recent examples of this trend include former Citigroup CEO Vikram Pandit joining India's JM Financial to lead its ambition of setting up a bank.<br /><br />Besides, Fresenicus Kabi Oncology's former CFO Dheeraj Chopra has joined as the financial controller of Indian start-up operation for Akron, while Huawei's former Chief Technology Officer A Sethuraman has joined Deeya Energy.<br /><br />Experts believe that entrepreneurial bug, flexibility of doing their own work and pay packages have driven a large number of executives in the last 3-5 years to join a start-up.<br /><br />HR Consultancy Unison International estimates that as many as 15,000-25,000 top level company executives in the country have migrated to start-ups in past 3-4 years.<br /><br />"A start up in this age can become a multi-millionaire company if the idea is great...top level executives have grown in a large structure with very minimal risk, so they tend to incline towards a start-up venture because the idea of facing new challenges excited them to a great extent," Athena Executive Search Firm Director Bhavishya Sharma said.<br /><br />As per Executive Access MD Ronesh Puri: "Nowadays, risk appetite has increased, as more and more executives are becoming financially secured these days. The concept of start ups is more exciting with great fun and various hurdles."<br /><br />Experts also believe that the growth in the Indian market has significantly helped in promoting entrepreneurial ventures.<br /><br />Unison estimates that as many as 10,000-15,000 start-ups were set up in India last year alone.<br /><br />Experts say that the pay packages at many start-ups are much higher than the salaries given by even MNCs.<br /><br />"It's a risk in reward ratio, higher the risk higher is the reward," Sharma said.<br /><br />Other than the attractive money, MANCER Consultancy's CEO Satya D Sinha believes, bureaucracy and limited growth within the MNC are also key factors for the shift.<br />Unison International MD Udit Mittal, however, said that the executives prefer global startups over their Indian peers due to a better sense of security.</p>