Every year numerous B-School students in India are hired by the corporate world. All students pursuing an MBA degree want to achieve a substantially good position in an organization along with a great pay package. Placements is a very crucial time for the B-School students and making the right choice is very important.
Minglebox decided to capture and consolidate the 2011 placement data for the top 23 B-Schools in India and draw some useful insights for the students . Our list of 23 top B-schools include IIM-A, IIM-B, IIM-C, IIM-K, IIM-I, IIM-L, IIM-S, MDI, SP Jain, IMT Ghaziabad, TAPMI, XLRI, XIMB, GIM, LIBA, SJMSoM-IIT Mumbai, IIT Delhi, VGSOM -IIT Kharagpur, SIBM Pune, SCMHRD, IIFT, FMS and NMIMS. Let us have a look at the hiring trends in 2011 B-Schools Placement Process in India:-
Hiring Trends for B-Schools in India
For a past few years, students with a finance or marketing specialization have been extended more job offers and higher pay packages. The year 2011 exhibits a minor shift in the trend. Finance sector has dominated the B-School Placements of 2011. Maximum offers along with significantly higher pay packages were extended to the students with finance specialization. In comparison to the past two years, job market exhibited marked improvement this year and the organizations were once again in a hiring spree. The hiring trend in the Indian B-Schools certainly exhibits the same.
Sectoral Trends for B-School Placements:-
The sectoral trends for the B-School Placements 2011 is mentioned below in the graph:-
(1) Finance Dominates 2011 Placements
The finance sector dominated the 2011 placements for the B-Schools across India. The students with finance specialization were offered several job offers along with excellent salary packages. Quite a few financial companies have offered the B-Schools students an opportunity to work in foreign countries such as New York, Singapore, Hong Kong and London.Percentage of top B-schools Students Hired by Finance Sector are as follows - IIM Calcutta – 31%,IIM Bangalore – 36%, IIM Shillong – 41%, FMS Delhi – 33%, MDI Gurgaon – 31%.
Top Recruiters - Citi Global Bank, American Express, HSBC Global, Goldman Sachs, ICICI Bank, Nomura, Standard Chartered and JP Morgan Chase
(2) Consulting Seconds Finance in Hiring B-School Students
Consulting was the second sector after finance that recruited a large number of students from B-Schools for various positions at different levels. Leading global consulting firms hired numerous students from B-Schools.Percentage of Top B-School Students Hired by Consulting Sectorare as follows -IIM Kozhikode – 24%, IIM Bangalore – 31%, IIM Indore – 23%, IIM Calcutta – 24% and MDI Gurgaon – 20%.
Top Recruiters - Accenture, Deloitte, KPMG, AT Kearney and Cognizant
(3) Marketing Thirds the Most Preferred Sector List for B-School Students
MNC’s extended offers to several students with marketing specialization. Numerous organizations offered marketing profiles to the students. The B-School students offered various positions from medium to high level profiles. The students with marketing specializations were offered profiles in the field of sales, branding and marketing functions. Percentage of Top B-School Students Hired by Marketing Sectorare as follows - IIM Kozhikode – 26%,IIM Bangalore – 21%, FMS – 33%, IIM Calcutta– 22% and MDI Gurgaon – 37%
Top Recruiters - Britannia, Reckitt Benckiser, Marico, Cadbury, Amul, ITC, Asian Paints, Hindustan Unilever, Nestle and Pepsi.
Overview of B-School Placements 2011:-
Minglebox.com has aimed to capture all the placement proceeedings of top B-schools in India. The 23 top B-schools have been focused on for deriving useful insights for the students. For analyzing the complete placement process an extensive comaparative report with all the significant details is mentioned below in a tabular form:
Top Recruiters: Deutsche Bank, J P Morgan Chase, Hindustan Unilever, Kraft-Cadbury, Johnson & Johnson Consumer
Overall, Banking and Financial Services (BFSI) was the most preferred sector for the B-School students, especially IIMs. Consulting and Marketing Sector also extended offers to a large number of students. On the whole, the 2011 placements were declared a success by the recruiters, faculty and students.
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