Leading business schools, which have already wrapped up final placements for their graduating students, reports resurgence in recruiter sentiment with more overseas placements and higher salary offers.
“Our batch was placed in record time,” said Kanwal Kapil, placements chairperson of MDI Gurgaon. Companies were far more bullish on hiring-—it took 119 firms to absorb the entire batch, compared with 143 companies last time around.
Avendus Capital, which visits top B Schools every year as a part of their talent hunt process, offered the highest domestic annual salary of INR 35 LPA at MDI, up 22% from Colgate-Palmolive’s INR 28.74 lpa last year, as has been reported. There were 15 international offers with a top salary of INR 55 lpa . At IIFT in New Delhi, too, it took fewer recruiters to place the entire batch. The institute’s international job postings jumped 55% to 31; four students were offered the highest international package of $150,000 (INR 96 lpa ). TGI, AluZinc, ADM and Phoenix Commodities recruited for trade roles in Africa, Latin America and Southeast Asia; Thailand-based CP Group hired for its Future Leaders Programme and Godrej, British Telecom, DBS, Hero MotoCorp, Mother Dairy, Shapoorji Pallonji, TetraPak and TVS Motors recruited for international business streams.
Godrej is scaling up B-school hiring by almost 20% in line with business growth and imperatives. On the international front, it is hiring for its Africa, Indonesia and SAARC businesses in supply chain, sales, marketing and human resources. It is also exploring new schools IIM Trichy for its Godrej Agrovet business and IIM Calcutta for Godrej Properties, said Sumit Mitra, head-group HR and corporate services at Godrej Industries and Associate Companies.
“Business school recruitment has always been a core part of our talent acquisition strategy. It helps build a strong internal talent pool. The 2018 batch will have roughly 56 members,” added Mitra.
Yes Bank will have 75 new campus hires this year from 24 management institutes, including the IIMs, Indian School of Business, IIFT, XLRI, MICA and National Institute of Industrial Engineering, said Deodutta Kurane, group president, human capital management.
Mumbai-based SPJIMR saw 92% of the batch receiving offers upwards of INR 17 lpa. The average salary increased to INR 22.24 lpa from INR 20.9 lpa the previous year. About 35% of the batch was placed in consulting firms.
Among the newer IIMs, international placements at IIM Udaipur, have gone up to 11 from eight last year, with offers from Dunia Finance, UAE Exchange and Landmark Group, among others.
Capgemini, CBC, Hexaware, IBM and Wipro IT, among others, made 33 offers at IIFT this time, compared with last year’s 25. At IIM Udaipur, IT hiring more than doubled to 39 from 16.
Source : ET. Find the Original Story https://economictimes.indiatimes.com/jobs/as-sentiment-revives-top-business-schools-see-more-offers-higher-pay/articleshow/62625020.cms