More overseas recruiters at FMS this year

The Faculty of Management Studies (FMS), Delhi, is the latest of the top-rung business schools to report a good placement season.

"All the students were placed satisfactorily even before half the companies that had committed participation could turn up," said Shwetam Sinha, placement secretary, FMS. The average salary this year was Rs 7.04 lakh a year, compared to Rs 6.8 lakh in 2003.

"Though this year positions in the finance function dominated, we are also happy that top marketing and fast moving consumer goods (FMCG) firms have recruited students in record numbers. Overall, there is a good balance this year between finance, marketing, FMCG and infotech," said VK Bhalla, dean, FMS.

This year, HSBC offered the highest salary of Rs 13 lakh a year.

There were also 10 overseas jobs on offer. Among the overseas recruiters, Olam International, Temasek Holdings and Deutsche Bank (Singapore) were here for the first time. Olam International made the highest overseas offer of $65,000 a year.

This year, there were 11 pre-placement offers and 13 lateral offers. Lateral offers allow students with 3-4 years of experience to get a middle-level job. Infosys alone made four such lateral entry offers.

At FMS, 39 per cent of the students opted for finance whereas, infotech and FMCG companies accounted for 25 per cent and 27 per cent, respectively. Some of the leading companies that recruited from FMS this year were Citibank, ABN Amro Bank, HSBC, GE, IBM, HLL, Lafarge and Coca-Cola.

"This is a dream come true. A training stint in the UK, followed by international postings across Southeast Asia. I'm really excited about it," said Ritu Tripathi, a student who was recruited by Deutsche Bank after a video-conference interview.

"Our decision to offer a wide array of courses in various specialised disciplines seems to have been well received by recruiters. Students at FMS can pick from a range of electives to decide their majors in a particular stream or decide on dual specialisation. This gives them a wider knowledge base, which is reflected in the multiple offers cutting across functions," said HD Gupta, placement adviser, FMS.