The final placements at B-schools this year brought cheer to students as they saw more number of companies and higher salaries being offered compared to last year. There has been around 30-40 per cent increase in the number of companies – IIM Lucknow had 49 new recruiters, XLRI saw 32 new recruiters. IIM Ahmedabad officials attributed this increase in the number to first-time recruiters, majorly from the e-commerce space making their presence in the process this year. Companies are hiring in bigger numbers and are paying higher - Capgemini declared their plan of hiring 10% more than they did in 2013, and a similar double-digit growth in the compensation packages as well.
IIM Ahmedabad saw its regular share of the coveted global consultancies - Accenture Strategy, The Boston Consulting Group, Citigroup, Deutsche Bank, Goldman Sachs, McKinsey. Other major roles on offer included investment banking, consumer goods, consumer services, global technology firms, general management and leadership, strategy and niche consulting, banking and financial services.
At IIM Bangalore, the final placement season for the PGP class of 2012-14 was concluded within a record time of eight sessions across four days. More than 150 companies made 425 offers across 200 profiles. Major hirers included Goldman Sachs, HSBC, JP Morgan, Bank of America Merrill Lynch.
Placements at IIM Lucknow ended on a good note with a total of 440 offers being made by 207 recruiters. The offers included 92 pre-placement offers, 132 lateral offers from the higher entry placement process and 216 offers from the final placements. The number of PPOs this year was the highest ever and increased by 28% compared with last year.
The non-IIMs ruled the roost as well as with XLRI Jamshedpur witnessing 100% placement for the batch of 2012-14 in less then four days. The entire batch of 245 students was placed, bagging 254 offers from 103 recruiters.
XLRI saw their entire batch being placed in 3.5 days. 103 recruiters participated in the process this year, compared to 70 last year. TISS put up a strong show with the placements process lasting just two days. 56 students received offers from 35 companies in the process, with a median salary of 15 lakh. IIFT saw 85 recruiters, including 46 first-time recruiters making offers to their 200 students. The average CTC rose by 15%to Rs. 14.32 lakh. The average salary at SP Jain was up by 6.8% to 17.2 lakh. As many as 101 companies visited the campus to make 246 offers to its 228-strong batch. The average salary at FMS was 16.18 lakh, with all 205 students placed at the 107 companies that visited the campus.
Summer Placements 2013-15
The economic slowdown did not have any impact on the Summer Placements in the marquee B-schools of our country - the IIMs. While IIM Ahmedabad kick started their process with cluster one companies such as the Boston Consulting Group, Accenture Management Consulting, A.T. Kearney, Bain & Co. McKinsey & Co. etc, IIM Bangalore and IIM Calcutta saw their summer placement processes start and finish with flying colors. IIM Calcutta took a record 3 days to place its 465 students, IIM Bangalore took one more day to place its 403 students. As many as 155 and 130 companies visited these two campuses respectively, vying to grab the best of budding business talents of the country. The placements in these top B schools marked the trend for the others. IIM Trichy saw 45 companies offering a maximum stipend of Rs 1.40 lakh compared with 39 companies the previous year. IIM-Udaipur’s process saw participation from 57 corporate houses hiring all 109 students as interns.
The scenario at the non-IIM institutes was on similar lines as XLRI is said to have its best season in the past 3 years, despite it being the largest batch – the process for 303 students was completed in less than four days.The students of JBIMS had an average stipend of 97,000, with as many as 71 companies visiting the campus. FMS saw 88 companies make offers to its 210 students. MDI had a good season as the average stipend saw a jump of 24% to around 1 lakh, compared to 88,000 the previous year. As many as 120 companies visited the campus this season.
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