The 2018 Faculty of Management Studies (FMS), New Delhi Placement 2018 concluded in March this year with a total of 215 students from a batch of 223 students attending the placement drive. They received lucrative offers from 83 organizations.
This year, then overall average salary was ₹21.1 lakhs, up from ₹20.6 lakhs in 2017. The salary average for women students also increased and was at a staggering ₹22.6 lakhs in 2018.
According to Prof. A Venkatraman, Placement Convenor of the institute, this feat was possible due to the many different student profiles that could be matched with companies asking for students from diverse domains.
In all, 133 companies had confirmed their participation in the placement drive at FMS, Delhi, though only 83 could actually get to participate in making recruitment offers to the students. At the end of the drive, it was found that FMS students received 235 offers from 83 companies.
Today, FMS, Delhi has come a long way. It is considered the business school in India with the highest return on investment. Yet again, this year, it has achieved 100% placement. This year, it has been found that there is a significant rise in average salaries across all domains, though the highest among domestic salaries continues to be ₹ 54 lakhs, just as last year.
The placements of this institute have been so wonderful that the institute, by virtue of its results, has nullified the speculation of an economic slowdown in India and has thus made its MBA programme the shining beacon of the institute. The 100% placement drive across a wide variety of domains, each offering higher packages than last year, proves that the quality of education offered here is unbeatable.
Participating recruiters: The top recruiters who participated in the placement drive of 2018 include TCS, Asian Paints, Godrej, WIPRO, EY Consulting, L&T, Deloitte, Accenture Strategy, Tata Steel, Axis Bank, ITC, Amazon, Goldman Sachs and TAS, among others.
The placement process: The placement process was divided into two parts: the lateral and the final placement processes. The former was meant for those students who had more than 18 months of work experience before they could appear for their MBA exam. This process was held in November, 2017. After this, the final placement process for the remaining students was held in January 2018. According to the institute's convenor, the students and the recruiting companies could make a proper match between the former's aspirations and the latter's expectations due to the entire process being completely transparent.
Placement process: While releasing the final placement report of 2018, the convenor Prof. A. Venkatraman, said that the institute took certain measures to ensure a smooth and highly transparent process for participating companies. For instance, it conducted a slotting exercise to decide democratically at what stage a participating company would join the placement process.
Next, a scheduling algorithm was put in place to match the best company and student's preference, for the fourth consecutive year. Third, to encourage a spirit of entrepreneurship, FMS provided students with a placement holiday so that they could pursue their own dreams.
Chief placement trends: Over the years, FMS Delhi has been able to obtain the best placements in the market, both in the realm of compensation and the widest variety of profiles being offered. This feat was repeated in the placements of 2018. This time, 215 students from the MBA programme out of 223 participated in the placement process, while the remaining eight opted to stay away from the final placements of 2018.
Those who participated in the drive received roles in Consultancy & General Management, IT & Operations, E-commerce, Sales & Marketing, BFSI, etc.
Average salary increase: By getting higher compensation packages this year too, yet again the students of the FMS MBA programme proved that this course has a high ROI. The highest salary this season stood at ₹54 lakhs. Another uplifting statistic for the institute this year was that the top 100 students of the course received offers of an average salary package of ₹26 lakhs while 55% of them received offers way above ₹20 lakhs per annum. There were 49 new companies who confirmed their participation in this drive, but only 36 of them got the opportunity to make students offers.
Domain-wise placement: Here is a rundown of placement sectors that actually made offers to students from FMS, Delhi:
Sales & Marketing: Sales & Marketing jobs were offered by companies in these sectors: E-Commerce, Consumer Electronics, Pharmaceuticals, Retail, Automobile and Industrial Goods. All sectors put together, 70 students accepted offers.
Students also accepted roles in the FMCG sector, such as Hindustan Unilever, Asian Paints, Tata Steel, Wipro, CIPLA, Bajaj, Godrej, Dr. Reddy’s, Nestle, Philips, Tata Sky, PepsiCo, GAIL, RB, etc.
E-Commerce, IT & Operations: Students were flooded with offers from these sectors. At the end of the drive, they accepted 22 offers. Recruiting companies included Amazon, Flipkart, Wipro, Ab-InBev, PayTm, Cloudtail, Uber and Nestaway, among others. Finally, 22 students accepted offers in these sectors.
Finance: This year, there was a definite increase in the number of Finance positions offered to students. Companies offered students roles in Corporate Finance, Corporate Banking, Treasury, Wealth Management, Front End Investment Banking, etc. Companies like Alpha Investment and Research Club offered activities like students managing mutual funds made a striking appearance this time. This has caused a steep climb in salaries to students in the Finance realm. Recruiting companies include Citi Bank, ICICI Bank, Axis Bank, HSBC, Yes Bank, Avendus Capital and Goldman Sachs. Of all of them, students accepted 48 offers in this area.
Consulting, General Management and Strategy: FMS has promoted an initiative called Strategy Labs to encourage students to do experiential learning through live projects. This has strengthened the ties of the institute and strategy recruiters, causing a 27% jump in core strategy offers. Companies in real estate consulting, strategy technology consulting and management consulting made solid offers. They include IBM, Infosys, Godrej, Airtel, Deloitte, EY, Accenture Strategy, TAS and Capgemini. On the whole, they made students 75 offers.
Since 1954, FMS has been at the forefront of Management studies in India and has its own distinct brand equity. For this reason, it continues to be a premier institute for Management studies.