“The market scenario seems almost the same, except for the fact that core finance companies which are coming for placements are expected to hire in low numbers. Apart from finance, all other sectors are likely to be on par with the last year. The sectors which are looking potentially strong are education and e-commerce,” said the placement team of IIM Indore.
According to SP Jain Institute of Management and Research, the market does seem a bit low and recruiters are cautious. The BFSI sector always gets hit first in such a scenario. However, there are indications of a possible turnaround in days to come.
“The autumn placement was a bit tough considering that many companies reduced their hiring this time and a few did not even turn up. ‘Cautious’ is the word we will use to describe our recruiters”, said Sonali Mehra, faculty associate – external relations, SPJIMR.
FMCG is typically the sector that recruits the maximum number of people. However, students of SPJIMR got offers from sectors like BFSI, pharma, IT, consulting, telecom, retail and manufacturing as well. So, it was a wide spectrum and students were aware and willing to explore new areas.
An important sector this year could be retail with the government approving foreign direct investment (FDI) in retail through an executive decision. Healthcare is a sector that remains strong irrespective of the health of the economy, feels H S Srivats, associate professor and chairman of placements at TA Pai Management Institute (TAPMI).
Mr Srivats informed that the sectors that had recruited maximum number of students last year were IT & ITeS, banking & financial services, consulting, manufacturing, FMCG and consumer durables.
According to a member of the placement committee of IMI, students tend to look for the right profile in a job offer rather than going for any particular sector, as they are very clear in their objective. However, the institute, which has completed its summer placement and has started getting pre-placement offers, said, “It looks that BFSI and IT are potentially strong sectors. Last year, there were 46 companies who participated in the final placement process and the top sectors was BFSI, followed by consulting and FMCG.
Apart from health, education, and e-commerce, another potential sector for this year could be auto components. “We are cautiously optimistic. We are planning to focus on the National Capital Region (NCR) and sectors which are doing well. Some of the important sectors for this year could be IT, auto components, banking, FMCG and consultancy”, said placement chairperson at BIMTECH, Prof K K Krishnan.
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