FMS highest international salary at Rs 26 lakh

The Delhi-based Faculty of Management Studies (FMS) has recorded a highest international salary of Rs 26 lakh compared with Rs 20 lakh domestically that was offered by a supply chain consulting firm.

Last year, the highest domestic salary was Rs 19 lakh from Microsoft.

After a relative lull last year, consulting firms, with one of the most coveted job profiles, were back in a major way with 18 per cent of the batch opting for jobs in this domain. Also, 4 new investment banks visited the campus besides some domestic banks.

“This year saw a shift in the general pecking order with students giving more importance to the job content and profile offered as opposed to the customary factors of compensation and brand name,” said a statement from the institute.

FMS operates from two campuses and offers both full time and part time MBA programmes. It offers the flagship two year MBA programme from north campus and the full time MBA- Management of Services programme from south campus.

The average domestic salary for the MBA batch of 2010 touched Rs 13.1 lakh per annum, an increase of 12.5 per cent over last year and nearly 36 per cent of the batch opted for a career in finance, closely followed by marketing with 29 per cent. Consulting drew in 18 per cent of the batch with IT and operations also hitting the double digit mark at 10 per cent.

“With the economy on an upswing, placements for the class of 2010 afforded students the opportunity to apply to a gamut of companies — consultancies, I-banks, FMCGs, IT and operations — amongst others. We are pleased to see the increase in maturity amongst students in shaping their future careers. There has been a greater focus on practical aspects of a job including profile, function, career track, growth prospects and culture fit with an organisation over compensation and brand name. Over the next few years, we hope to strengthen this trend in FMS Delhi,” said Prof (Dr) Madhu Vij, Placement Convenor at FMS.

Commercial Banks like Standard Chartered, CitiBank, HSBC, Axis Bank, Yes Bank, ICICI Bank were the single biggest recruiters with more than 20 offers. Marketing profiles were offered by HUL, P&G, ITC, Cadbury, Britannia, Dabur, Godrej, Reckitt Benckiser, Pepsico. Consulting firms like Accenture Business Consulting, CEB, Deloitte, HCL Infosystems, Hewitt Associates, KPMG, Technopak made recruitment besides general management roles that were offered by TAS, Mahindra and Mahindra and Essar Group.