Summer placements sizzle at B-schools

www.naukrisearch.com

Management graduates are back at the toast of the talent market and B-schools are again celebrating the summer placement season, after a lull of three four years. These institutions, earlier worried about placing their increased batch in many cases managed to find summer internship opportunities for all their students in flat three days.

Besides, the average of salary packages offered has raised 15-20 percent from last year. The higest stipend offered at Management Development Institute (MDI), Gurgaon, has been a record INR 4.2 Lkh for two months. The average stipend for post-graduate programme in management (PGPM) was INR 1.16 lakh at MDI and between INR 1 lakh and 1.2 lakh at other institutes.

These offers to management students are for summer internships in May and June next year the stipend paid will be for their stint at the companies in these two months.

The Indian Institute of Management (IIM) Lucknow this year achieved 100 percent summer placement for its batch of 464 students in four-an-a half days, a day less than those taken last year.

For job search go to www.naukrisearch.com which is one of the leading portal site for service sector industry.

The recruitment drive saw participation of 164 domestic an international recruiters. “The highlight of this placement season was the presence of firms like JPMorgan, International mutual fund company Alvarez & Marsal and four Indian private equity players”. The institute did not disclose details of stipend offered.

MDI placed its batch of 240 in less than four days, “This is the first time since doubling of the batch size for PGPM to 240 that all PGPM and 61 students in the post-graduate programme in human resource management (PGPHRM) got placed in less than four days,” said chairperson of the placement cell at MDI.

The average stipend for the PGPHRM recruits stood at INR 1.07 lakh, against 95,900 last year. The highest figure at INR 1.6 lakh. A total of 109 companies participated in the hiring process at MDI. Among the companies that came for here hiring for the first time were Bostan Consulting Group, Bill & Melinda Gates Foundation, Danone, Motorola, Novartis and Snapdeal.

At the XLRI-Xavier School of Management, 105 companies together made 385 offers to 365 students. All students of the batch received paid internships in less than three days. The highest stipend offered was INR 1.5 lakh a month. And the median stipend for the entire batch was INR 55,000 a month.

This year, all of the 365 students in our largest-ever batch got summer placements. Last year, when a high point was the steep rise in finance internships, our batch size was 303. The year before, when FMCG majors were the top draw at XLRI, our batch strength was 240 said chairperson of the placement cell at XLRI.

Top recruiters on the campus in terms of the number of offers made were Altisource (12), Vodafone (10), HUL (9), ITC (9), Microsoft (9), ABG (8) and Wipro (8).

There has been s steep rise in international internship offers this year. Companies like M.H AlShaya, ABG, Altisource, HUL, Kellogg’s , Normura, Pepsi, Godrej and a European Hedge Fund have hired for multiple international roles said XLRI.

XlRI also saw participation from the likes of Pratham, Tata Trust, Azim Premji Foundation, Bandhan Microfinance, Ashoka Foundation and E-Vidyaloka for ‘Parivartan’ (to change), the institute’s parallel placement process for the social sector, completed before the conventional summer placement week.

World bank, Citibank, HSBC, Standard Charted, BNP Paribas, DBS hired at the institute for multiple roles, including the markets, corporate banking, retail and HR verticals. Consulting firms BCG, Capgemini, Cognizant, Deloitte, EY, KPMG and PwC made an average four offers each.

Mumbai based NMIMS said the trend was favourable this year and a higher number of companies would be participating in its summer placement process. The institute plans to host over 150 companies this time.

Bulk hiring of engineers is back

  

www.naukrisearch.com

 Hiring is bulk is back on campuses with leading information technology (IT) companies Infosys, Wipro, Accenture and Cognizant recruiting in four digits and making multiple offers to one student in some cases.

In certain cases, in a bid to place more students, engineering institutes have done away with reserving Day One slot for a specific IT company and are inviting more than one company on campuses for recruitment.

In this number game, 4,000 job offers were made on the first day of the recruitment at Chennai based SRM University, of which, 3700 were from three IT majors Infosys, Wipro and Cognizant. While Cognizant handed over 1502 job offers, Infosys and Wipro issued 1105 and 1082 offers, respectively, on the first day.

The current year was better than last year in terms of placements, and around 100 companies are expected to visit the campus in engineering section alone, said S Ganapathy dean placement cell at SRM University. 

For job search go to www.naukrisearch.com which is one of the leading portal site for service sector industry.

Works Applications Company, a Japanese firm, has offered the highest salary of INR 33 lakh to a SRM University student. Last year, too the same company had offered INR 33 lakh to a student.

At another Chennai based institute – The vellore Institute of Technology (VIT) a total of 5,828 job offers were made to 4,000 plus students by four companies – Cognizant, Infosys, Wipro Technology and Accenture in a single slot of recruitment drive that started on September 1.

The institute said 3,200 students have been placed till now against 2,600 students last year. Code Nation, a Bangalore – based firm, offered the highest package of INR 24 lakh a year, while the average salary has been INR 4.5 lakh a year.

VIT’s chancellor G Vishwanathan said contrary to the National Association of Software and Services Companies (Nasscom) employability statistics, which stated that only 20 per cent of engineering graduates were employable, VIT has placed 90-95 per cent of its student every year.

Sekar Viswanathan, vice-president, VIT noted that students from B.Tech, M.Tech, M S (software engineering), MCA, MSc (computer science) and MSc (electronics) were placed as part of the recruitment drive this year.

Samuel Raj Kumar, director (placements) at VIT said in the first phase, starting from July till now, and 95 companies have visited the institute compared to 60-65 last year. While the IT services companies’ packages did not see any increase, IT product, automobile, core engineering firms offered 20 per cent higher than what they had offered last year.

VIT offered Slot-1 (Day One) to Accenture, Cognizant, Wipro and Infosys. Wipro hired 1,141 students, Accenture 1,324, Infosys 1,452 and Cognizant 1,911. The total 5,828 offers surpass last year’s total of 3,934 offers. Cognizant has surpassed its own record at VIT, beating its previous highest of 1,820 offers.

Sriram Rajagopal, vice president (human resources) at Cognizant said: “We continue to hire the best and the brightest talent globally in order to meet business demand across many of our service lines, and continue to invest in growth. Notably during the June ended quarter of 2014, we accelerated our recruitment with 7,200 net hires globally the strongest hiring we have experienced in any quarter during the past two and a half years.”

Other companies that recruited from VIT include eBay, DeShaw and Flipkart, which recruited 15 students with a salary package of around INR 15 lakh a year. Code Nation, which has offered the highest package so far, recruited one student, Deloitte (67), Schneider Electric (31) are among recruiters.

Services sector grows but sentiments down in sept.

In September, India’s services sector, which accounts for the largest chunk of the country’s economy, grew more than in the previous month, owing to higher new orders, showed the HSBC purchasing Manager Index (PMI). However, the sentiments in the sector fell to the lowest in a year, following the surge seen after the Lok Sabha elections.

The PMI for September stood at 51.6 points, against 50.6 in August. A reading of more than 50 shows expansion, while one below 50 indicates contraction. The PMI for services based on a survey of about 350 private companies.

For June, a month after a new government came to power at the centre, the reading was 54.4 points. The reading for July was 52.2

For job search go to www.naukrisearch.com which is one of the leading portal site for service sector industry.

Frederic Neumann, co head (Asian economic research), HSBC, said “Service sector activity bottomed out in September, thanks to stronger new business flows. However business sentiment continues to deteriorate, after a strong post election uptick. A pick up in reform efforts is needed to put growth on a firmer footing.”

With manufacturing PMI at 51 points in September, the HSBC composite output index stood at 51.8 points compared with 51.6 in August.

In September, services activity rose in three of the six sub-sectors monitored, with the highest rise seen in post & telecommunications.

Amid report of stronger demand, growth in new business at services firms continued for the fifth consecutive month. The sector also recorded job creation, the first time in three months.

Following six consecutive months of backlog accumulation, business outstanding was stable. Expectations on the output front were high. Those surveyed were optimistic about an improvement in demand and new marketing initiatives.

Most Wanted Career In India

You want to know about the most wanted careers in India? The job market right now is a little awry, but it would soon get back with promising careers for the coming generation of geniuses.

Here is a peek into the future jobs with the maximum growth potential in the Indian market-

Event Manager- India has become a global arena for a myriad of events, meetings and conferences held every day across the country. If you are one of those pursuing a degree in communication, hospitality or public relations this is the place for you. The subcontinent is abuzz with new event management companies entering the industry by the minute and creating jobs, the jobs therefore, are plenty.

Annual salary- 1.35 – 8.17 lakhs per annum

Analytics Professional- Analytics is a profession which spans across various industries from healthcare, banks, e-commerce and marketing to information technology and biotechnology. It involves analyzing business strategy and devising or streamlining the organizational structure. All business want to stay ahead of their competition, this very factor creates jobs for the analytics professionals. A Bachelors or a Masters degree in business or finance is required.

Annual salary- 1.79 lakhs to 9.80 lakhs per annum.

For job search go to www.naukrisearch.com which is one of the leading portal site for service sector industry.

R&D Professionals: Research and Development is a progressive field in India. R&D professionals are engineering technicians, who use their knowledge to assist engineers and other scientists to create, design and construct new products or equipments that will be then marketed and sold to the consumers or specific industries. R&D professionals are also responsible for testing and conducting experiments on the product, bringing together data and recording outcomes, to spot if the product is operational or would it be profitable.

Annual Salary- 3 lakhs to 30 lakhs per annum.

Interior Designer: A new house needs building and designing, both these tasks were completed by contractors in old days. The scenario is changing with time, as people are employing interior designers to add a touch of beauty to houses and make them tastefully theirs. You can work under an agency, open your own or simply work as a freelance interior designer, it’s pretty flexible.

Annual salary (greatly varies) estimate- 91,000 – 5, 58,000 per annum.

Civil Services: India is on the brink of change and the change maker is the young generation. One of the most sought after careers in India, civil services provides you with a platform to make a difference. A public sector profession it makes for one of the most well paying jobs in India. All you need to do is clear All India Examination for Civil Services, which is said to be a tough nut to crack.

Medical Professionals: There is a perpetual demand for doctors and specialized physicians; they are needed all the time no matter where the national economy is going. A doctor gets astonishing returns depending on his qualification. Surgeons earn the highest as they come with higher degrees and specialized practical experience.

The average salary estimate is around 1.30 lakhs to 12 lakhs per annum.

Are you planning to be any of the above?