NEW DELHI: Companies are not shying away from B-school campuses in the current round of summer placements even in a difficult economic environment. Recruiters, particularly from the finance, banking and consulting sectors, are picking up talent in large numbers and offering an increase of up to 100% in stipends over the previous year.
While some B-schools, including the premier Indian Institutes of Management (IIMs) have commenced their summer placements, others wrapped up the process early this year. Typically, summer placements begin in November, but some IIMs initiated the process in October itself, to get good results.
"This year, summer placement is better not only in terms of the rate at which the participants have been placed, but also in terms of the quality of offers. We have seen participation from many recruiters across some new sectors like digital marketing, online education, modern retail, ecommerce, offering excellent profiles," says Ashish Sadh, chairman, placements.
IIM Indore has already placed more than 320 candidates, in its total batch of 450. The institute told ET that this year, finance and e-commerce companies have recruited in large numbers. "There have been some new summer recruiters like Bank of America and Amazon, among others," says Sadh. Most companies in the banking and financial sectors have increased their stipends from their previous visit to the campus.
"The percentage increase in some of the firms is as high as 66.7% to 100%. This includes all the major banks, domestic as well as international," says Sadh. He did not, however, reveal details of the stipends, citing confidentiality. IIM Bangalore received 71 preplacement offers and saw 37 interviews for the batch of 2012.
"This year, the conversion rate for consulting firms was in excess of 90%, with a large number of interns being offered permanent positions. Simultaneously, we are also witnessing a strong demand for summer internship placement, and pre-placement talks are in full swing," says PD Jose, chairperson, Career Development Services.
Blackstone (London), Barclays Capital, Deutsche Bank (Global Markets, London), Both quality of offers and placement rate substantially better than last year Goldman Sachs, JP Morgan, Morgan Stanley, Nomura, RBS, Standard Chartered (Global Markets) and UAE Exchange were some of the firms who picked up students. Locations include Abu Dhabi, Dubai, Hong Kong and Singapore. "We expect an increase in the number of PPOs this year as compared with the previous year," says Sreekanth CS, a student from the placement committee. Aditya Birla Group, HUL and P&G were also part of the placement process.
While some B-schools, including the premier Indian Institutes of Management (IIMs) have commenced their summer placements, others wrapped up the process early this year. Typically, summer placements begin in November, but some IIMs initiated the process in October itself, to get good results.
"This year, summer placement is better not only in terms of the rate at which the participants have been placed, but also in terms of the quality of offers. We have seen participation from many recruiters across some new sectors like digital marketing, online education, modern retail, ecommerce, offering excellent profiles," says Ashish Sadh, chairman, placements.
IIM Indore has already placed more than 320 candidates, in its total batch of 450. The institute told ET that this year, finance and e-commerce companies have recruited in large numbers. "There have been some new summer recruiters like Bank of America and Amazon, among others," says Sadh. Most companies in the banking and financial sectors have increased their stipends from their previous visit to the campus.
"The percentage increase in some of the firms is as high as 66.7% to 100%. This includes all the major banks, domestic as well as international," says Sadh. He did not, however, reveal details of the stipends, citing confidentiality. IIM Bangalore received 71 preplacement offers and saw 37 interviews for the batch of 2012.
"This year, the conversion rate for consulting firms was in excess of 90%, with a large number of interns being offered permanent positions. Simultaneously, we are also witnessing a strong demand for summer internship placement, and pre-placement talks are in full swing," says PD Jose, chairperson, Career Development Services.
Blackstone (London), Barclays Capital, Deutsche Bank (Global Markets, London), Both quality of offers and placement rate substantially better than last year Goldman Sachs, JP Morgan, Morgan Stanley, Nomura, RBS, Standard Chartered (Global Markets) and UAE Exchange were some of the firms who picked up students. Locations include Abu Dhabi, Dubai, Hong Kong and Singapore. "We expect an increase in the number of PPOs this year as compared with the previous year," says Sreekanth CS, a student from the placement committee. Aditya Birla Group, HUL and P&G were also part of the placement process.
IT IS A REALLY GOOD NEWS FOR THE MANAGEMENT STUDENT AND EDUCATION
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