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B-schools back to achieving 100% placement record

E-commerce and technology firms recruiting in good numbers

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The pre-2008 days in final placements are back. Not only are companies doling out offers and business schools achieving 100 per cent in a matter of few days. Salary levels have also gone up 10-25 per cent.

At the Indian Institute of Foreign Trade, Delhi, 219 students were placed in two weeks across 69 companies. The institute said foreign offers moved up to 13 with the highest salary of $110,000 per annum by a US-based company. The highest domestic salary also surpassed an annual figure of Rs 24 lakh.

At Management Development Institute (MDI), Gurgaon, there is a 50 per cent increase in the number of companies offering pre-placement offers (PPOs), compared to last year. The companies that offered PPOs include JP Morgan, Goldman Sachs, Colgate Palmolive, Coca-Cola, Pepsi, HSBC, Citibank and Dabur, among others.

Kanwal Kapil, chairperson-placements, MDI Gurgaon, said the package offered this year saw around 15 per cent increase compared to the Rs 14.74 lakh package last year.

At Institute of Management Technology (IMT), Ghaziabad, 50 per cent of the batch was placed on day zero, and 80 per cent of the batch within the first week of placements.

With unparalleled interest and support from companies across industries and verticals, be it automobiles, manufacturing and FMCG, students of the 2014-15 batch have been snapped up by large consulting firms, including Deloitte, KPMG and Ernst & Young, top pharma companies, big names from the corporate world like Microsoft, Google, Snapdeal L’Oreal and Café Coffee Day.

“The current season has witnessed visits of over 90 companies from varied corporate sectors to the IMT campus. The average domestic pay package is above Rs 10 lakh, and the highest domestic pay package offered is Rs 23,00,000 per annum,” the institute said.

IMT has also capped up a placement record for its PGDM (Executive) programme where industry bigwigs like Idea Cellular, Cummins, Accenture, Wipro, Snapdeal, Audi, Honda, Bacardi and Videocon participated in the placements. For the PGDM (Executive) programme the highest domestic pay package offered was Rs 19 lakh per annum.

At Mumbai-based School of Business Management, there have been over 170 pre-placement offers. Debashish Sanyal, vice-provost (management education) & dean-SBM, said the performance has been exceptional. “Over 170 PPOs/PPIs have been received on account of exemplary performance of students during their internships, and the number of confirmed accepted offers would be around 110,” he said.

Sanyal said salary packages have also gone up. Companies that have extended offers include Goldman Sachs, ICICI Bank, JP Morgan, Asian Paints, GE, ITC, Marico, Microsoft, Bank of America, CRISIL, Capgemini, Nomura, Castrol, Dabur, HCCB, Cognizant Consulting, Cummins, HDFC Bank, Pidilite, Eaton, Idea Cellular, Kellogg's, TATA Motors, Vodafone, Flipkart, Wipro, Janssen and People Strong.

At other schools like Institute of Managment and Research, officials said while the final placement process was yet to begin, the number of PPOs has been better than last year.

MANUFACTURING SECTOR GOES SLOW ON HIRING
Hiring by sectors like e-commerce and technology on campuses has gone up, but manufacturing and conglomerates are going slow on recruitment. A placement official at a Mumbai-based B-school said while manufacturing companies have been slower in hiring intent this year, they are not completely staying away. “We have been informed by companies that the number of hires compared to last year could be reduced by about 30-35 per cent this year,” the official said.

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