As E-commerce job offers decline, manufacturing offers increase for summer placements at the Management Development Institute (MDI) Gurgaon. While the offers in E-commerce sectors have gone down by 10%, manufacturing has grown by 3%.The highest package was INR 3 lakh for two months and the average package was INR 1.64 lakh, which has grown around 18% compared to the last year.
The number of offers from the sector has come down to 3% compared to 14% last year, said MDI officials. MDI closed its summer placements on Friday night where it has successfully placed 299 students in three days. "Looking at the pattern of the offers this year compared to the last year, E-commerce sector has taken a considerable hit. At the same time manufacturing has grown stronger," said prof Kanwal Kapil, chairperson, placements, MDI Gurgaon.
He added that the growth in recruitment in manufacturing sector is attributed to various initiatives taken by the government of India such as Make In India. The biggest take at the placements was Godrej, which took 15 people of which fiver were international offers.
FMCG and FMCD were the biggest sectors with total 28% students taking up offers in the sectors, followed by BSFI which contributed 19% of the offers and then consulting companies which took 15% of the students.
"Consulting is another sector that has seen steady growth over the years in terms of recruitment and it has seen a 7% increase compared to the summer placements last year," said Kapil. He added that banking and financial services have been almost constant as we look at the data for last two years. Talking about the dip in E-commerce, Kapila said that players like Snapdeal did make offers. However, since the E-commerce companies were supposed to come on day four and five. There were no students left for placements by the time the companies came. While E-commerce contributed to 3% of the total offers, five percent of the offers came from Telecom. Some of the major recruiters included Godrej, JPMorgan Chase, American Express, Axis Bank and Snapdeal.