FMS basks in corporate feel-good

An upbeat corporate India is opening newer vistas for career aspirants, evidenced in the job offers it is making to B-school graduates across the country this hiring season.

The latest to get lucrative calls are students of Faculty of Management Studies (FMS) of the Maharaja Sayajirao University of Baroda, Vadodara, considered a top B-school in the state.

So far, 37 students have received 42 placement calls with annual pay packages hovering around Rs 3.5 lakh, a sharp increase when compared with the previous year's offers.

FMS students have received calls mainly from the banking and insurance sectors. About seven companies are likely to come for campus hiring in the coming days.

"There is a sharp rise in the pay packages as well as the number of offers per student. We believe that the average pay package per student will be nearly three-and-half lakh rupees per annum, which was about three lakh rupees last year. So far, 15 companies from various sectors have made offers to students. Those with finance management as a specialisation have received better offers," says Jayraj Jadeja, assistant professor and placement committee coordinator for FMS.

Bank of Baroda, Kotak Mahindra Bank, IDBI Bank and ICICI Prudential have zeroed in on finance students.

Others like the Alembic group, Indian Petrochemicals Corporation Ltd and Bell Ceramics Ltd have been looking for aspirants specialised in marketing and human resources management.

"Better placements are owing to a better performance by the corporate world and their expansions. At the same time, FMS is preferred by the top rankers from Common Entrance Test (CET) that is being attended by over 8,000 students," said FMS Dean GC Maheshwari.

Top 50 students from CET had opted for FMS as their first priority two years ago, the placement committee of FMS claims. The committee also claims that FMS is likely to end up with best placements among the state-affiliated management schools.