B-school placements start off on the right note
This year’s placement season at the B-schools has started on the right note, with a host of B-schools reporting an uptick in the number of offers as well as average compensation package.

 MDI Gurgaon has completed its final placements in 3.5 days, with a 28.4% jump in top salary to INR 32.1 lakh and a 12.4% increase in the average salary across three streams to Rs 18.53 lakh. The 333-strong batch of 2014-16 took a total of just 5.5 days to get placed.

 Average compensation at IIFT has seen a tremendous increase of 24% over last year, at INR 18.01 lpa. The highest International compensation at IIFT saw a 36% increase over last year to USD 150,000 pa. The highest domestic package reported was INR 29 lpa, a significant rise of 21% over previous year’s highest. BFSI seems to be the preferred sector at IIFT this year, with 26% of the batch going for jobs in the sector.

 SCMHRD had a robust season as well, as 20% of the MBA 2014-16 batch received Pre-Placement offers and Pre-Placement Interviews from prestigious business houses like Aditya Birla Group, Cisco, Deloitte Consulting, HUL. Their average CTC stood at INR 13.24 lpa at a time when 90% of the batch was placed. The students from the institute managed to land good placements across the functional areas.

 At IMI-New Delhi, the average salary was INR 14.9 lpa, a staggering 52.4% jump over the last year average CTC. The highest domestic offer at the campus was made by Google - INR 29 lpa. The campus has reported a 33% increase this year in recruitment from companies in manufacturing sector.

 At IMT Ghaziabad spokesperson stated “where we hardly got 21 offers crossing INR 15 lakh last year, we received 52 offers this year in that range. On day zero alone, we placed 241 students. We have got 19 offers crossing INR 20 lakh package”. Recruiters at IMT- Ghaziabad included KPMG, PwC, EY, Deloitte, Goldman Sachs, Google, Microsoft, and HSBC. Among them, Deloitte made 30 offers. 

 Other B-schools such as XLRI will begin the process in February. Overall, placement officials from B-schools said sentiments were positive because the manufacturing sector was expected to make a big comeback in campuses even as e-commerce firms look to hire in bulk.