MBA Programme
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 8.89 l.p.a showing an increase of 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, Standard Chartered & ICICI, including international offers in investment banking and other niche financial profiles.
- 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.
Banking & Financial Services Sector (48%)
While FMS has traditionally been known for its prowess in Finance, this year as many as 62 final offers were made to candidates, out of which 44 were accepted. The list of recruiters includes ABN Amro, Bank of America, Calyon Bank, Citibank, Deutsche Bank, HSBC, ICICI Bank, IDFC, JP Morgan Chase, Standard Chartered Bank, Yes Bank & UBS. In addition niche financial services & enterprises were represented by Adventity, Barings Private Equity, Citifinancial, Genpact, Langham Capital, Lehman Brothers & Power Finance Corporation.
Highlights
- International Banking was the toast of placements with Cross-Border M & A (I-banking) profile being offered by Langham Capital for its offices in San Francisco and London, & Investment Banking by Paris-based Calyon Bank. Domestic giants like ICICI also offered their coveted global M&A Advisory and International Private Banking profiles at campus for their offices in Hong Kong, South Africa, Canada and the Middle East.
- The highest paying job on campus, predictably, came from the financial sector with Calyon Bank offering INR 16 Lakhs. A close second was Citifinancial with INR 15.5 lakhs per annum.
- Average salary in the Banking & financial services sector was INR 13 lakhs per annum.
- As a first on campus, lateral positions were offered by Standard Chartered bank, Yes Bank & Power Finance Corporation for corporate finance profiles.
- HSBC, one of the highest paying banks, gave 8 job offers of INR 14.5 lakhs each.
- Citibank made 8 offers, including 5 PPOs for profiles like Treasury, Corporate Banking and Consumer Banking across its Global Consumer Group & Global Corporate & Investment Banking group.
- Standard Chartered Bank recruited 10 students for their prestigious International graduate associate program, across coveted profiles like Wholesale Banking, Wealth Management and Consumer Banking.
Marketing & FMCGs (20%)
FMS’ healthy relationship with marketing giants continued this year as well. The marketing focused at FMS were spoilt for choice in terms of opportunities available. All FMCG majors in the country made their presence felt with HLL (now HUL) and Proctor & Gamble leading the pack. The other big names included Asian Paints, Cadbury, Colgate-Palmolive, Dabur, GSK, Henkel, ITC, Motorola, Nestle, Pepsi, Reckitt Benckiser, SAB Miller, Tata Motors & Titan. The rise of retail as the sunshine sector for the industry manifested itself in the form of Bharti-Walmart, Reliance Retail & Dubai-based Jumbo Electronics offering profiles in this segment.
Highlights
- The buzz was captured by Bharti when it gave 5 offers including profiles for its Retail venture with Walmart, recruiting for the first time in India. Reliance Retail also participated in the placement process.
- Legacy recruiter, Proctor & Gamble, also made a high number of job offers with 4 students being picked up for its Singapore based Marketing & its CBD profiles. The middle east retailing giant Jumbo Electronics offered retailing opportunities in Dubai with an annual salary of AED 220,000; the highest foreign job offer.
- The average salary in Marketing & FMCG was 9.5 lakhs per annum.
Information Technology/ITES (16%)
The IT sector witnessed a high degree of activity with exciting new profiles being offered by new entrants with salaries in 7 figures. Atos Origin & Yahoo Inc, the US-based IT majors joined ranks with companies like SAP, Oracle, Cognizant, GE, CSC, HP, IBM, Inductis, Infosys, Wipro, Kanbay, Covansys, Patni, Honeywell, Satyam, Tavant & Tech Mahindra in recruiting for both experienced and fresher candidates.
Highlights
- 3 students were offered the prestigious International Management Leadership Trainee (IMLP) program by American giant GE.
- Cognizant Technologies made a whopping 15 job offers, which made for an excellent first relationship with the campus.
- IBM expanded its scope of relationship with FMS by offering business consulting and strategy profiles and also made 10 job offers, including laterals.
- The average salary in the sector was INR 10 lakhs per annum.
Consulting & General Management (16%)
Consulting and General Management companies also had many takers at FMS this year. International consultants like ZS Associates & Mercer Consulting offered Marketing & Business consulting profiles. Profiles within India were offered by Stern Stewart & Co, Deloitte Consulting & KPMG. These were followed by regular and coveted recruiters like Accenture Business Consulting, Tata Administrative Service (TAS) & TSMG, all of whom hiked up their offered salaries by 25-40% compared to last year. Air India, Avalon, Bharti, DTZ, Essar, ICF & Raymonds were the companies which offered consulting and general management profiles.
Highlights
- The average salary in the consulting & general management domain shot up to INR 14 lakhs per annum, making it the sector with the highest average salary.
- First-time recruiter KPMG selected students for their Strategy & Business Consulting profile.
- Accenture Business Consulting & Tata Administrative Service (TAS) were the other recruiters on campus with 3 job offers from each.
Europe-based DTZ, one of the world’s leading real estate consultants, offered their niche International Property Consulting role.
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