FMS MBA Placement Report
Final Placement @ FMS: Class of 2007 takes off in style
FMS Delhi delivered its promise of a career of choice with dream companies and high salaries to its outgoing batch this year after two years of hard toil and sweat in MBA.
It’s the mark of a great B school, if it can accommodate and fulfill the expectations of its students. At FMS, which has been fulfilling expectations since 1954, a new chapter was written in the past week of placements.
When the class of 2007 had signed up for its MBA two years back, what they had been promised was a magical salary figure of INR 8.9 lakhs p.a. and a list of recruiters which were among the best globally. As it signs off, this class has seen its average salary go up one and a half times to touch INR 12.04 lakhs per annum with an even bigger and better list of recruiters. As many as 70 % of the present batch bettered last year’s average salary and 40 % were offered international stints at their companies of choice within the first twelve months of joining. For the pioneering MBA-MS (Management of Services batch), the haul was equally rich with both domestic and foreign jobs on offer. The average domestic salary of the batch was an impressive INR 10.55 lakhs per annum, up by nearly 40% from last year’s levels.
Going beyond expectations is a cliché...what FMS has done is to really achieve beyond expectations.
| Placement Data |
MBA |
MBA-MS |
| Number of candidates |
93 |
40 |
| Number of companies confirming presence |
105 |
54 |
| Number of companies able to recruit candidates |
36/105 |
25/54 |
| Total Number of Offers |
138 |
65 |
| No. of Lateral Candidates |
31/93 |
11/40 |
| No. of Pre Placement Interviews |
34/93 |
10/40 |
| No. of Pre Placement Offers |
27/34 |
7/10 |
| Average Domestic Salary (INR lakhs per annum) |
12.04 |
10.55 |
| Maximum Domestic Salary Offered (INR lakhs per annum) |
16 |
14.5 |
| Maximum Foreign Salary Offered (AED) |
220,000 |
220,000 |
Placement Snapshots (MBA Programme)
Though FMS has enjoyed a great relationship with most of India’s favored recruiters, the flavor of placements this season was that almost all students signed out with a job from a recruiter of preference. “Placements at FMS for the class of 2007 offered an opportunity for most of the students to get into their Dream Company. With the economy booming, exciting profiles were offered across domains by several Companies. Banking and Financial Services was the largest recruiter this year with the highest paying job also coming from the financial sector” says Dr. Madhu Vij, Placement Advisor for the FMS MBA programme.
- The Average Domestic Salary for accepted offers was INR 12.04 lakhs per annum as opposed to last year's INR 8.89 l.p.a showing an increase of nearly 30%. Interestingly, women managers earned more with INR 12.58 l.p.a while their male counterparts had to contend with an average salary of INR 11.83 lakhs per annum
- The highest domestic salary was offered by Paris-based Calyon Bank with INR 16 lakhs being offered to one student. This was followed by old-time recruiter Citigroup, which made an offer of INR 15.5 lakhs in an Assistant Vice President’s role. The highest foreign offer of AED 220,000 was made by Jumbo Group.
- Nearly 48% of the batch opted for a career in Finance; the rest was nearly evenly spread between IT, FMCG’s, Consulting & GM. This just goes on to showcase FMS’ growing reputation as a favored destination for those inclined towards finance.
- The highest number of offers was made by Cognizant Technologies with 15. With 10 offers each, IBM, Standard Chartered Bank & ICICI Bank were a close second.
- On an average the highest numbers of offers were made by Banks, with an astounding 62 offers being made IN ALL. The top 5 recruiters included HSBC, Citibank & ABN Amro, StandardChartered & ICICI, including international offers in investment banking and other niche financialprofiles.
- The list of first-time recruiters included European Investment Banks like Langham Capital & Calyon Bank, KPMG in the Consulting Domain, Retail Giants like Bharti-Walmart & Jumbo Group (Dubai) while International consulting majors like ZS Associates, Mercer Consulting and Stern & Stewart and international IT firms like ATOS Origin & Yahoo Inc! initiated their relationship with the campus this year.
- 36 % of the batch had an offer in hand through a PPO even before they sat for final placements and 90% of the lateral candidates had multiple offers and many of them opted to return to the industry with previous work experience with a profile of their choice.
Placement Snapshots (MBA-MS Programme)
The MBA (MS) course has proved to be a great success for Faculty of Management Studies as it has not only received great accolades from the industry but also has been a watershed in the lives of the current students. “The placement for MBA (MS) has exceeded expectations. As compared to last year’s placements, there has been a significant increase in the number and variety of companies which have offered exciting job profiles and salaries to the students in the current year. Many students could take their pick from more than two offers at hand. The pedagogical inputs that are unique to this programme, combined with the brightness of the batch enrolled in the programme have brought us excellent feedback from the industry. We at FMS intend to continue with our efforts and the industry can look forward to continually improving business leaders in the service sector from FMS in the coming years.” says Dr. Mala Sinha, Placement Advisor of MBA (MS) Programme.
- The Average Domestic Salary for accepted offers was INR 10.55 lakhs per annum as opposed to last year's INR 7.5 l.p.a. The average salary including international offers came out to be INR 11.25 lakhs per annum.
- The highest domestic offer of INR 14.5 lakhs per annum was offered by HSBC bank. Also, the first international offers for the MBA (MS) Batch were made by Jumbo Electronics, Dubai for an annual salary of AED 220,000 per annum.
- Around 65% of the students turned millionaires overnight (bagging salaries more than INR 10 lakhs per annum)
- Some of the corporates that participated were Deutsche Bank, Dell, IDFC, HSBC, ICICI Prudential, Yes Bank, Bharti Airtel Ltd, SAP VE, Cognizant Technology Solutions, IBM, GE, JP Morgan, Deloitte & Essar Group.
- J P Morgan, Dell, ATOS Origin, CTS, IDFC, Vedanta Resources Plc, participated in the placement process for the first time.
- 25% of the batch had Pre-Placement Interviews for coveted profiles and 18% of the batch had Pre-Placement Offers.
- 3 students accepted offers from GE for its Global Information Management Leadership Program which includes international stints across various countries
Final Word
A large number of FMS students sought to take part in India’s emergence as a global superpower, choosing coveted domestic profiles to financially more lucrative International offers. With a highly successful placement process, the level of satisfaction with the jobs offered was remarkably high this year. As Puru Gupta, Placement Secretary for FMS MBA programme says, “Before the process starts, every student get to choose his “dream” company. This year, a strong 78% of the batch of 2007 converted that option - thereby getting an offer from the company they aspired and dreamt of. Compared to other B-schools, this highlights the kind of choice that FMS offers to every student”
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