MBA placement scene 2017 - An year end analysis.
An year end analysis of top b-schools and their placements. Prospect of future MBA placement and lots more. Read it here. Many a times the news bring sad tidings regarding poor campus placement scene in the country. As the year draws to a close, let us have a look into the placement scene throughout the country and assess if the MBA truly finds few takers? Is there no career after MBA? Is there a good return on investment after the course? If these questions formed the large part of your thought process then read on the placement prospects for 2017. The who’s who of placement: For the 2017 placement season, hiring started as a cautious step and bought new trends in its wake. Companies went with median salary packages with just 5-10 percent boost. The demonization made employers conscious regarding the exorbitant packages of the past.
- The blue Chip companies and digital marketing organizations ruled the top recruiters position for the year. This means there exist opportunities for the fresh pass outs to supplement advice on next generation technologies to drive innovation at faster pace. These young MBA graduates are used as growth drivers across wide range of management, consulting, client management, business analytics and portfolio expansion tasks, etc.
- Cognizant Consulting has been the largest recruiter of MBA graduates with 6,000 consultants followed by ICICI Bank and Deloitte who wished to hire top talent from premier Institutions. IT major Wipro too hired 200 students this year.
- The positive trend is touted by these IT companies as investment opportunity into a digital transformation in areas of artificial and virtual reality. E-commerce major: Amazon found itself in the top recruitment rankings through multiple campus placements by boosting the hires to 15-18 percent.
- Consulting firm: EY too bought 300 MBA pass outs students to its fold this year. KPMG group too recruited a similar count from the 2017 graduating batch for management consulting, risk and deal advisory.
- MBA hiring has slowly crossed the number game but on the quality of fresh hires.
- Amazon went for diversity management by recruiting 25 percent females for role in retail, HR and finance sectors.
- ITC dominated Pune b-schools internship scene and offered package of 3 lacs to the cause. The inculcate rate is above 40 percent for the permanent position with these organizations.
- The average salaries for these MBA graduates from top B-school brands attracted placement value of Rs 21.42 lakh but the rise was marginal compared to last year value of Rs 21.03 lakh.
- The placement season bought great tidings for top notch brands but overall placement trend remained comparable to last year but salary package saw a rise of 5 to 10% which is mediocre in comparison to earlier big kitty offers.
- XLRI saw one of the most respected pay offer being made to its student at Rs. 43 lakh. The student of IIM Kozhikode manage to scrape a package of of Rs 37 lakh while sister institution at Kashipur which drew best package of Rs 53 lakh (highest of the year).
- IIM Trichy saw the maximum salary of Rs 33 lakh, this year.
- Symbiosis saw 37% growth spurt in the number of Pre Placement Offers being accepted.
- Faculty of Management Studies, Banaras Hindu University saw 47% share of banking, financial services and insurance in the total placement figure.
- The fast-moving consumer goods sector also saw rise in the recruitment of MBA: for the role of marketing and distribution.
- IIM Udaipur and IIM Trichy welcomed 6 placement offers each by State Bank of India to the students.
- Recruiters like Adobe, Tolaram Group, Shell, Global Consumer Products, JSW Group and McKinsey too jumped the train to IIM’s.
- While last year, this year two students bagged offers from Middle East organizations.
- Ola Cabs and PayTM too hired three students while rivals Uber and Swiggy settled for one hiring.
- The rise in the number of first-time recruiters who approached top MBA colleges to look for hires. In 2017, IIM Lucknow welcomed 52 new recruiters to participate in the placement season.
- Some of the prominent first time recruiters include Adobe, Cipla, Cumins, etc. Thus, top notch brands and their incubates attract big purses to their benefit. This leads to win win outcome for both the employees and the employer.
- Understand the organization and match it with your goal.
- Research and prepare for all the rounds.
- Stay confident and remember to smile!
- Remember there is silver lining to every cloud.
- Speak lucidly and dress formally.
- Highlight the achievements and describe the value you can add to the company.
- Improve the quality of the communication (stick to the language of the interviewer).