B School Placements: BFSI boom raises Top B-schools salary packages, Shy IIMs spoil the celebration

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MBAUniverse.com News Desk |
April 24, 2014
How the dismal picture of economic slowdown haunting the minds of young MBAs was changed in placement 2014, is shared by MBAUniverse.com
It was Banking, Finance, Services & consultancy, Insurance (BFSI) group that made maximum offers in the top B schools recruiting more than 25% of the batch.

Was this the learning experience in the institutes; sudden spurt in demand for MBAs or suddenly India has come out of its slackening growth process aiming to surpass China or the recruiters in India have become more generous?

How the dismal picture of global economic slowdown that has been haunting the minds of young MBAs encountered a tough fight in placement 2014 and turned the direction of the wind in favor of these young job seekers became a topic of research which MBAUniverse.com managed to do and tried to get to the core of it.

The outcome is pleasantly surprising and has reason enough to boost the morale of MBA aspirants who are in a dilemma before making the grim decision whether to proceed with their cherished dream of pursuing MBA from the desired top B school or just forget the idea of investing precious 2 years of life along with huge monetary investment sought to be borrowed on hefty interest rate from some financial institution.

So, who fought the slow down?
It was neither the learning experience nor India has come out of its slow economic growth rate nor the recruiters in India have become more generous but yes, certain financial and service sectors in India have begun progressing more than the other ones and accordingly with the spread and improved demand for fresh MBAs, the recruiters in these sectors became more competitive to hire better talent in a short period.

It will also be interesting to note that placement 2014 in some of the top B schools got over in 3 to 4 days with high offers and the same recruiters, needing more professionals headed to other B schools as well. XLRI Jamshedpur and IIM Bangalore are the glaring examples to this rare phenomenon.

Although all the sectors recorded some growth, it was Banking, Finance, Services & consultancy, Insurance (BFSI) group that made maximum offers in the top b schools recruiting more than 25% of the batch sizes.

Top recruiters in BFSI needed more; supply was less
SP Jain Institute of Management & Research(SPJIMR), Mumbai has kindled a new hope among the MBA aspirants as the annual average salary package in placement 2014 at this institute stood at Rs. 17.2 lakhs which is higher than what was offered at many IIMs and other top B schools. No B school has so far reported such a high average placement in domestic domain.

More than 25% of the batch was placed in banking and consulting sector. Roles in Investment Banking, Corporate Banking, Corporate Finance, Credit Risk and Rating were offered by Axis Bank, Goldman Sachs, HSBC, CitiBank, JP Morgan. Top consulting firms included KPMG, Capgemini, Cognizant, and Deloitte.

XLRI, Jamshedpur which used to see good placement seasons earlier remarkably broke all the records completing the placement process 2014 in 3.5 days. That too when 241 students sought placements; it appeared as if recruiting companies feared losing the students from their ambit.

Banking, Financial services and Insurance (BFSI) and consultancy emerged as the prominent recruiting sector in placement 2014 at XLRI. According to Prof Rajiv Mishra, Chairperson, placement “50% of roles for BM students came from the BFSI and Consulting domain”. Out of 103 companies, ICICI Bank and Axis Bank were among the top recruiters making 10 and 8 offers respectively.

XLRI average placement was Rs.16.25 lakhs which is more than the average placement package at IIM Ahmedabad.

Click below to get the authentic data of Top B school Placement Reports 2014
http://www.mbauniverse.com/bschoolplacement2013.php

FMS Delhi placement 2014 had 23% of total 105 recruiters from BFSI segment. Average placement package at this most sought after high ROI B school stood at Rs. 16.18 lakhs, again higher than IIM A by Rs.1.68 lakhs.  38% of total offers came from Finance and consulting companies making them the top recruiters. Accenture and Boston Consulting Group remained among the top recruiters at FMS Delhi.

MDI, Gurgaon also shot surprises reporting a rise in average placement package by Rs.2.74 lakhs and hitting the Rs. 14.74 lakhs mark in placement 2014. Out of the 125 recruiters 38% roles were offered in BFSI and consulting sectors. Interestingly, 93% of the batch at MDI has Engineering back ground 

JBIMS, Mumbai also has the same story to share as Banking Finance Services and insurance (BFSI) sector topped the list by placing 43% of the offers in placement 2014.  Beating the slowdown in placement offers, the placement saw a rise in average salary from Rs.15.32 lakhs to Rs. 16.18 lakhs.

Out of 89 recruiters in JBIMS placement 2014, major recruiting companies making maximum number of offers included JP Morgan, Barclays, ICICI Bank, Citibank, Standard Chartered Bank, HSBC, HDFC Bank, Yes Bank, ING Vysya, Axis, The Boston Consulting Group

Click below to get the authentic data of Top B school Placement Reports 2014
http://www.mbauniverse.com/bschoolplacement2013.php

Shy IIMs
IIMs are shy of disclosing their full placement data before getting it audited and due to this fact candidates going to seek admission in them have to depend on their half baked reports.

IIM A had more than 125 firms participating in the placement process in 2014. While unverified sources indicate that annual average placement package at this top rated B school stood around Rs. 14.5 lakhs, confirmed figures will be made known in the month of September 2014. If however, this figure of average placement is true, IIM A lags behind number of other B schools including private ones whose average placement is higher than IIMA.

In terms of number of offers, Accenture Strategy was the top recruiter across all clusters having picked 18 students from campus followed by Boston Consulting Group with 15 offers. In the Banking and investment HSBC made 9 offers to students for roles in investment banking, corporate banking and private banking. Not getting enough number during the placement process, most of the 125 companies also moved to other B schools

IIMB placement 2014 was concluded within a record time of 8 sessions spread across 4 days. Recruiters who visited late had to go back. 150+ companies participated and made more than 425 offers across 200+ profiles at IIM Bangalore.

Accenture and Boston Consulting Group made 13 and 11 offers each; Goldman Sachs, HSBC, JP Morgan, Nomura, Bank of America Merrill Lynch, Royal Bank of Scotland, Deutsche Bank, Citibank, and Standard Chartered became the top recruiters in their segment this year.  IIM C also saw some of the same top recruiters needing more professionals from its campus in placement 2014.

This scenario has somewhat cleared the clouds of doubt on pursuing MBA degree and making a career in the field of management.

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