The summer placement season has been a smooth affair in reputed business schools this year. These institutes have seen a 20 to 30 per cent rise in stipends, apart from having several companies visit campuses for the first time.
Boston Consulting Group (BCG), Amazon and Aditya Birla Group (ABG) emerged the top three recruiters, at the Indian Institute of Management, Ahmedabad, with 19, 18 and 17 offers, respectively, for the 2017 batch of the post graduate programme (PGP).
Conducted in three clusters across 11 sectors, IIM-A saw offers from 110 companies. It says the top double-digit rises in offers came from Accenture Strategy, ABG, Amazon, Bain & Co, Flipkart, Goldman Sachs, McKinsey & Co and BCG. Among global investment banks, Goldman Sachs was the largest recruiter, having picked 11 students for roles in financial markets, investment banking and financial strategy.
While data on average stipend were unavailable for IIM-A and IIM-Lucknow (IIM-L), that of IIM-Kozhikode (IIM-K) rose 32 per cent to Rs 1.06 lakh, even as the institute saw the highest stipend of Rs 3 lakh.
In terms of sectors and profiles, IIM-A saw Hindustan Unilever (HUL) and Johnson & Johnson make six offers each in the sales and marketing domain. Among general management firms, ABG made 17 offers, the highest. In information technology (IT), Amazon was the largest recruiter, making 18 offers for roles in marketing, operations, product marketing and product management.
At IIM-L, the top four job profiles offered came from sales and marketing, finance, consulting and business development segments, The top segments based on roles offered were sales and marketing (25 per cent), finance (22), consulting (21), e-commerce (15), systems/IT (10) and general management (seven per cent). It placed students in four days.
The institute saw participation from 157 domestic and international recruiters, including Accenture, ABG, Amazon, Avendus, BCG, Deutsche Bank and HUL. AskMe.com, Hay Group, Nomura IB and Uber were first-time recruiters.
The leading job profiles at IIM Kozhikode were sales and marketing (43 per cent), finance (21), consulting (14) and analytics (14). In profiles, data analytics, along with IT and IT-enabled services, saw the highest growth, from being six per cent of total profiles offered to 14 per cent this year. Of the 104 companies visiting its campus for placements, about a tenth of offers were from start-ups.
IIM, Bangalore (IIM-B) saw about 30 companies visiting the campus for the first time, some of which were Aurionpro, Fidelity Worldwide Investment, India Value Fund, Lenovo, LightBox Ventures, Texas Instruments, Uber and Novartis. Temasek Holdings renewed hiring from IIM-B after five years.
|Big bang summer placements at B-Schools|
|Institute||No. of companies participating||Average stipend (Rs lakh)|
|IMI||48||76,000 (PGDM course)|
IIM-B is also hosting the recruitment process for IIM Visakhapatnam's PGP class of 2015-2017, with around 60 per cent of applicants already placed. The IIM-B placement committee was involved in mentorship of IIM-V students in the run-up to the process.
This year, IIM-B introduced a concept called Dream Company choice, where Tata Administrative Services, ABG, Procter & Gamble, ITC and HUL were chosen by students. Here, too, BCG made the highest number of offers. Around 30 per cent of the entire batch received offers in the consulting sector, which the names including Bain & Co, Roland Berger, Alvarez & Marsal and Capgemini. Ganesh Prabhu, the institute's head of career development services, said many recruiters doubled their usual number of offers.
XLRI, the Xavier School of Management, completed its summer intern placements in only 2.5 days. All students got paid internships, the highest offer being Rs 2.5 lakh a month. The median stipend for the batch was Rs 65,000 a month. The top recruiters on campus in numbers were Accenture Strategy (13), Microsoft (12), HUL (11), Flipkart (10), ABG (9), Citibank (nine), Snapdeal (nine) and Vodafone (nine).
Also, many organisations participated in the 'Parivartan' process, where students could work with non-government bodies and not-for-profit ones. Notable among these were Bill & Melinda Gates Foundation, Tata Trust and E-Vidyaloka. Two students were placed with each of these. The process was completed before the conventional summer placement week. Rajiv Mishra, head of XLRI's placement, said there was a vast diversity of offers from every sector, including media conglomerates and social sector organisations.
International offers at XLRI included those from ABG, HUL, Kellogg's and Godrej. As earlier, Carlyle recruited exclusively from XLRI. The European Hedge Fund, after having offered its only PPO to an XLer, returned to the campus. JPMorgan Chase opened its global markets role for the first time at XLRI and ended up making the highest paying internship offer.
At MDI Gurgaon, the average stipend for the batch of 301 students in the two-year PGP was Rs 1.41 lakh and the highest stipend was Rs 3 lakh. Snapdeal made the highest number of offers, recruiting 17 students.
Kanwal Kapil, head of placements at MDI, said many companies had offered internships to large numbers. "Sixty two companies had to go empty handed. The average stipend for the batch is 23 per cent higher in comparison to last year," he added.
IMI, Delhi, saw a 100 per cent rise in the number of companies on campus. Manaswini Acharya, dean of placements, said the average stipend had increased by 30 per cent to Rs 70,400 and the highest one was offered by the RPG group. Videocon, HUL, Nestle, DBS, Perfetti, Sony MSM and Wipro were the other top recruiters.
During the summer placement season, BCG has emerged as the highest recruiter, with 71 offers made at IIM-A,B, C and L. Suresh Subudhi, partner and head-recruitment at BCG India, said IIMs were an important source of top talent for business in India and they firmly believed in attracting, retaining and developing the best talent.
He said BCG made 20 offers more than last year. It made 19 offers at IIM-A, 22 at Bengaluru, 20 at Kolkata and 10 at Lucknow.