B schools this year have had their share of joy from the economic recovery as lucrative job offers flood campuses. Shailesh J Mehta School of Management, IIT Bombay, one of the top rated B schools in India, had a similar placement season this year.
62 companies participated in the process doling out 119 offers for 94 students, 18% of whom accepted the pre-placement offers from the companies they interned with. Average domestic compensation offered was 13.87 lakhs per annum with a median salary of 12.75 lakhs and highest domestic compensation of 20.50 lakhs. “The placement season was almost as good as the one witnessed in 2008 before the US recession took its toll on B school placements globally. We shall definitely break the 2008 placement records next year” said Ankur Jain, placement coordinator of the school.
The placement season saw 30% new recruiters participating in the process. Almost half of the batch joined consulting and financial sectors with sector leaders like E&Y, PwC, KPMG, Accenture and Deloitte from consulting sector and JPMC, Citibank, Nomura, J M Financial and HSBC from financial sectors participating in the process.
Apart from these all major FMCG players- P&G, J&J, Coca Cola, Colgate Palmolive and Marico continued their stint at the campus. Manufacturing sector found representation by Tata Motors, Cummins, UB Group, BHEL and newly listed Shipping Corporation. Global majors like Microsoft, Amazon and GE offered interesting profiles at the school while recruiters from niche sectors like semiconductors, pharmaceuticals etc. also made inroads.
“There is a remarkable rise in the number of Leadership & General Management profiles being offered to the students. An increasing preference to profiles and growth prospects over the pay packages is seen among the students” said Mrutyunjay Sastry, another student coordinator.
Summer placements for the batch of 2012 also witnessed similar euphoria with 71 companies visiting campus for a batch of 121 students and offering stipends as high as Rs. 1.5 Lakhs.