MBAUniverse.com Placement Analysis 2012: 5 mega trends
As most of the Top B-schools conclude their respective final placement for the batch of 2010-12, MBAUniverse.com brings 5 mega trends that summarize placements this year.
As most of the Top B-schools conclude their respective final placement for the batch of 2010-12, MBAUniverse.com brings 5 mega trends that summarize placements season 2012:
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1. Number of jobs fairly exceeds number of available students
Top B-schools in India remain unfazed on the concern over job scenario amidst slowing economy, even as trends in placement 2012 shows number of campus Jobs offered by Top companies exceeding the number of total students in the batch at the leading institutes.
The ratio of Jobs per student at some B-schools like SPJIMR, Mumbai and IIM Ranchi, was as high as 1.5.
For a total of 156 students at SPJIMR, number of jobs offered at the campus was 257. Similarly at IIM Ranchi, Top companies offered a total of 65 jobs to the Batch of 43 students. At IIM Rohtak the ratio of Jobs per student was 1.25, and the same at XLRI, Jamshedpur was 1.2.
2. BFSI continues to dominate; IT/ITES emerge new favorite
Despite a slowing economy and prevailing low market sentiment, Top companies in BFSI and IT/ITES remained undeterred in hiring bright talents from Top B-schools in India.
While close to 44 per cent students in IIM Ranchi chose for the role in BFSI, IIM Rohtak saw 36 per cent of its students opting for BFSI. At NMIMS, 32 per cent of the total students opted for various roles in BFSI. Other Top B-schools like IIM Bangalore, XLRI, IIM Kozhikode, JBIMS, and MDI also witnessed a number of BFSI companies recruiting students in large numbers from their respective campuses.
IT/ITES companies not only recruited in large numbers from Top B-schools, it emerged as largest recruiter also at a few institutes. For example, IT/ITES emerged largest recruiters at XIME with 62 per cent of the students opting for the sector. Similarly, the sector emerged top favorite at IMT Ghaziabad also, as 38 per cent of the total students at the institute opted for the sector. While IT and ITES sector emerged favorite among the students at TAPMI with 44 per cent of the total batch going for the sector, BFSI stood second as it attracted 23 per cent of students.
3. New IIMs win corporate trust; compete with Top B-schools
While debate continues on whether the new IIMs are strengthening or weakening the ‘brand IIM’, Placement 2012 brings major boost to the new IIMs as they win ‘corporate trust’ and compete with Top B-schools including MDI, XLRI, SPJIMR, JBIMS on placement Package.
The average annual package at the new IIMs stood very close to the compensation offered at the Top B-schools. While students at IIM Ranchi received an annual average package of Rs. 13.23 lakh, IIM Rohtak recorded an average annual salary at Rs 12.22 lakh, as compared to an annual salary of Rs. 13.04 lakh and Rs. 14.90 lakh at NMIMS and JBIMS respectively. The average annual package at IIM Raipur also stood at 12.94 lakh.
4. Moderate increase in average salaries
Most of the top B-schools witnessed annual average package ranging from Rs. 10 lakh to 15 lakh. FMS-New Delhi and XLRI, however, recorded annual average salary of Rs 16.34 lakh and Rs 16.28 lakh respectively.
Barring a few Top B-schools which witnessed an increase of 10 per cent in their average salary over placement 2011, there has been a 2-6 per cent increment in the average annual package this year. While average annual salary at SPJIMR increased to 9.87 per cent, FMS New Delhi and MDI Gurgaon witnessed an increase of 6 per cent and 5.8 per cent respectively. IIFT, New Delhi and XLRI, Jamshedpur witnessed less than 5 per cent increase in their average annual package.
5. New Companies come as savior
This year placement season witnessed a significant number of new recruiters visiting Top B-schools. While 123 companies participated in the placement at MDI Gurgaon, a total of 135 companies landed at IIM Kozhikode to hire bright talents. MIMS attracted 121 companies to its campus for Placement 2012. The share of new recruiters at the campus was also high.
While BIMTECH had 37 new recruiters out of the 90 firms that participated in the placement process, FORE School of Management attracted 50 new recruiters along with over 60 regular recruiters. K J Somaiya Institute of Management Studies and Research witnessed 98 companies hiring from the campus out of which 57 were new recruiters.
For complete analysis of MBAUniverse.com Placement Report 2012, Log on to: http://www.mbauniverse.com/b_School_placements_2012.php
For more information, visit: http://www.mbauniverse.com/article/id/5816/
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