IFIM Business School, Bangalore has concluded its Final Placements for the batch of 2012-14. According to Dr S Baskaran, Director, IFIM “The placements have heralded the sanguine phase of the Job Market for MBA’s and going forward we expect more and better opportunities for our students.” Placement season 2014 at IFIM started on an upbeat and continued on the high note beating the general economic slowdown that caused low MBA placement in the country..
More students opt for Entrepreneurship at IFIM
IFIM has a consistent good placement record. The placement season 2014 was no exception to this phenomenon. There were 117 students seeking placement 2014 out of the batch of 164 students. All the 117 students seeking placement got suitable offers and the process now stands completed. Maximum roles were offered from BFSI sector in placement 2014 and the minimum offers were from services.
Principal reason of opting out of placement process by many students at IFIM, according to Dr Baskaran is “Youngsters have the confidence to start a new venture immediately after MBA.”
BFSI: major recruiting sector
Banking, Financial services and Insurance (BFSI) emerged as the prominent recruiting sector in placement 2014 at IFIM. Out of 117 students, 39 students were placed in BFSI sector followed by manufacturing sector with 18; Education management with 13; IT&ITES with 10; Analytics & consulting with 9; Media with 7; FMCG and Digital Marketing with 6 each and services with 3 students. According to Dr Baskaran, “While Banking & Financial Services has recouped after a lull and is picking up students in large number, E- Commerce has also grown in size and had emerged as a leading recruiter. Besides Education Management is becoming a hot sector in South India with a large of ed-tech companies based out of Bangalore.”
Functional Recruitment: Marketing steals the show
Marketing/sales emerged the key functional domain in placement 2014 at IFIM offering roles to 52 students followed by Finance as the next preferred functional area. Operations offered 19 roles; consulting 7 and HR 4 roles to the students.
Average Salary up
Beating the slowdown in placement offers, the placement season 2014 at IFIM saw a rise in average salary from Rs. 5.2 lacs per annum in 2013 to Rs.5.96 lacs per annum showing a rising trend in the job market. The highest annual salary stood at Rs.15.55 lacs.
Number of recruiters
110 recruiters visited IFIM in placement 2014, offering 130 roles to 117 students. Offer per student stood at 1.2.
Top Recruiters at IFIM
Out of 110 recruiters, maximum number of offers and higher packages were offered by OSG Consulting, Provident group, Religare Finvest, Siemens Technologies, Innovation Lab, City Union Bank, Dell, Zomato, Flipkart, L&T Finance, Kotak Mahindra Bank, Citi Bank.
Apart from the above recruiters, there were other companies that made number of offers in placement 2014 at IFIM like DTDC, Dynamics, IMM, Honewell, Nestle, ING Vysya Bank, Homeshop, ACT, Blue Dart, Britannia.
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