Summer placements season in business schools has commenced and recruiters are offering 15-20% higher salaries this year. Read on to know more!
Summer placements in b-schools including Indian Institutes of Management (IIMs), XLRI, Jamshedpur, Indian Institute of Foreign Trade (IIFT), The International Management Institute (IMI), Birla Institute of Management and Technology (BIMT), Management Development Institute (MDI) and others have begun. As compared to last year, better placements have been recorded in 2016. Recruiters are offering 15-20 percent higher salaries this year, and most of the B-Schools have wrapped up the process within three days only.
Management Development Institute (MDI), Gurgaon completed the placement session in just two and a half days, placing over 300 students. On the other hand, XLRI Jamshedpur and Indian Institute of Foreign Trade (IIFT) finished the process in four days.
All these B-Schools have seen a rise of up to 15-20 percent in salaries being offered. At IIFT, there is a 13 percent rise in the placement, while MDI, salaries offered were 20 percent more this time than the previous season. As far as The International Management Institute (IMI) is concerned, as many as 50 students of the 2015-17 batch have bagged pre-placement offers, up 37 from last year.
Companies from financial services, information technology and consulting sectors have been the most active recruiters this year. However, there was lesser traction from startups and e-commerce sectors. Students in these B-schools have been placed in big companies including Goldman Sachs, JPMorgan Chase & Co., Axis, IDFC, ICICI Bank, GSK CH, Sun Pharma, EXIM Bank, HSBC STG, Duff & Phelps, BNY Mellon, Synergy Consulting, HUL, Dabur, Colgate Palmolive, Nomura and many more.