B-School Placement Analysis 2017
B-School Placement Analysis 2017
The current placements at Indian Institute of Management (IIMs) and elite B-schools point outs that the salaries offered to the students mark a single digit growth over the last year.
Although the companies are offering placements to every student but the salary offered them are not meeting their expectations. The demand for B-School graduates is high and the salaries they get show the commercial lay-offs in the market.
While IIM-Lucknow has recently witnessed 100% placement for a batch of 435 students but it did not disclose about the salary to be offered to the students. According to IIM-Rohtak, the salaries this year have grown by 10.1% as against 12% last year.
Sanjiv Goenka,Chairman of RP-Sanjiv Goenka Group and also International Management Institute (IMI), New Delhi has seen a 4.5% increase in average salary this year against a double-digit growth last year. The Indian Institute of Foreign Trade (IIFT), where placements are ongoing, has also witnessed a single-digit salary growth as of now and it too had registered double-digit growth in average salaries last year.
Fore School of Management, Delhi, has seen a 5% increase in average pay where placements are currently going on.
Sanjiv Verma, the placement in-charge at IIFT said that the average salary is not on the rise appreciably across B-schools. According to him the companies are hiring but the average salary is not making a double-digit growth. He mentioned that 70% of the graduating batch this year has been placed and the remaining will also get placed in a week.
A professor from one of the IIMs said that the hiring scenario is not downbeat this year but the salaries offered are less. He added that Demonetization and its impact on companies in the December quarter may be partially responsible and because of its adverse effects companies have become alert about the salary hike.
The maximum students have been placed in sales and marketing, banking, financial services and insurance, and consulting till now. At IIM-Lucknow, 26% of the jobs accounted for sales and marketing while 23% were for financials and 22% for consulting. At IIM-Rohtak, 45% of the offered jobs were from sales and marketing.
This year, start-ups didn’t contribute much in hiring graduates on campuses as last year, several start-ups ended up in problem with the Engineering and Business school administrators after offering jobs and then holding them back on account of unfavorable business conditions.
The top recruiters in the elite B-schools were Accenture, McKinsey and Co, Deloitte, the Boston Consulting Group, Goldman Sachs, J.P. Morgan and Chase, Standard Chartered, ICICI Bank, Citibank, the Aditya Birla Group, Amazon India, Hindustan Unilever, Apollo Munich, Wipro Ltd and Tata Administrative Service (TAS).
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