 "Early festive cheer at B-School campuses")
Business school campuses have an early festive cheer with both summer placements as well as pre-placement offers (PPOs) seeing a good response from companies.
Here, the number of offers made by firms, average stipend as well as the number of companies visiting the campuses has gone up. In fact, some have even completed the summer placements within four days. However, number of e-commerce firms saw a drop.
At MDI Gurgaon, the summer placement for the batch of 299 students was completed within 3 days. Kanwal Kapil, chairperson of placements at MDI said that they had 89 recruiters of which 28 were new recruiters. The average stipend also went up to Rs 1.69 lakh from Rs 1.39 lakh last year, which is a growth of about 17 per cent.
Among the sectors, fast moving consumer goods and consumer durable companies, consulting firms, BFSI firms and manufacturing companies were the top recruiters. E-commerce dipped to 3 per cent from 12 per cent last year.
Kapil said that the number of offers from companies like PwC, Axis Bank saw an increase compared to last year. Number of international offers also went up to 8 from 2 last year.
This institute is also seeing a positive response as far as PPOs are concerned. Kapil said that they have got 60 PPOs till now and there are about 25-26 pending pre-placement intent in a batch of 300.
Similarly, XLRI - Xavier School of Management has achieved 100 per cent placements for the batch of 2016-18 consisting of 361 students in just 2.5 days.
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The summer internship recruitment process saw participation of 92 companies offering 156 roles across domains including consulting, finance, sales and marketing, operations, business development, Human Resource and Industrial Relations.
Here, the top recruiters on campus in terms of numbers were Accenture, Aditya Birla Group, BCG, General Electric, ITC, Hindustan Unilever, Mahindra, Mondelez among others.
In addition to the above, 21 first time recruiters participated in the recruitment process and offered 28 new roles across domains.
Here too, the top recruiting sectors were FMCG, BFSI, conglomerates, manufacturing, consulting among others.
While e-commerce was a major recruiter last year accounting for 8 per cent of the offers, this number has halved this year and the share has reduced to 4 per cent.
E Abraham, Director, XLRI - Xavier School of Management said, “Our students have got into diverse industry sectors which is an affirmation of the all-around integral formation we strive to impart to our students”.
He added that their internship placement programme - ‘Parivartan’ too received applications from several students. This programme was launched to provide the students an opportunity to explore summer internship opportunities in the social sector with Non-Government Organizations and Not-for-Profit Organizations.
While the final placement season will officially begin only by November in business schools, PPOs and PPIs give an indication of how the environment will be.
The pre-placement season began at International Management Institute (IMI) New Delhi where out of the 247 students eligible for the interview and placement process this year, 16.5 per cent have already been proposed a pre-placement offer (PPO).
Major players such as Capgemini, Genpact, Wipro, Asian Paints, Latent View Analytics, ACT, L&T Financial, Tata Capital, Droom, JPMC and EY have expressed interest in employing the prospective managers of this institute in various high-level managerial positions.
Axis Bank, one of the largest players in the global banking and finance industry, has already made 13 offers, the highest number from a single group and 16.5 of the total offers made. So far, the students have secured 41 PPO and pre-placement interview (PPI) offers from the companies and around 10 PPO confirmations are in the pipeline.
Indian Institutes of Management (IIMs) begin their placement process later than the other business schools. Hence, the activities are yet to begin at the IIMs on this front.