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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.
Thus, Top B-schools of the nation saw positive hiring scene with a large part of the share dominated by the students of IIM. These organizations believe that the MBA  students of the elite institutions come equipped with  a holistic understanding of the industry and  are placed across sales, pre sales and consulting profiles. The positive trend of the top brands:
  • 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.
Keeping the offerings in view, the MBA remains a better option for the young guns looking for a progressive career ahead. In  other academic domains, lacked similar lucrative offers. MBA degree from the right college brings hefty pay packages. This means right specialisation, right place and right choice makes all the difference. For organisations the current market represents the dynamic business environment, regulation, business models, and impact of technology is important to understand the best way to do things. In order to respond to the market needs, skilled and agile talent continues to be a requirement that drives the need for management skills across specific growth areas. MBA  enhances the ability, recognition to fulfil growth strategy. This clearly shows that there are plenty of MBA jobs in the market and the only thing required to get hired is a relevant degree from a respected and recognized MBA college in India. Other side of things: However, Tier 2 and 3 institutes saw the salary packages shrink in comparison to the past years. So, the tier 2 level B-schools are still interested and developing the talent to face the challenges. The B-schools find several recruiters who wish to open the door even if the slow economic environment prevails. Companies are choosing to hire interns and dedicated online platforms are facilitating off campus placement. Still the companies prefer the workers who worked with them during the summer, as they get familiar with their potential and familiar with the work culture and style. In terms of roles and job profiles being offered to MBA graduates are concerned, 2017 saw niche domains rise to the fore such as risk management, insurance management, securities management and investment banking also saw a significant rise in number of hires. Future expectations: All MBA aspirants must understand the hiring trends and the requirements of reputed companies to take things in their  own control. Therefore, students with good talent are able to clinch salary packages that may be almost comparable to the Indian premier league institutions. So what to do about the placement opportunities?
  • 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).
What to expect once placed? Financial services and consultancy firms  rely on their own in-house training programs for developing and promoting talented employees. The businesses have become flatter  cut across functional boundaries. Even if all the things dont work out in your favor then remember that you have been taught the course of managing the start-up scene to your benefit and maximize the quality of the social innovation.


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