Final
Placements at FMS-Delhi Bear Testimony to Robust & Growing Indian Corporate
Sector
In its 54th year of imparting
best-in-class management education to some of the brightest minds of the
country, FMS lived up to its expectations of fulfilling the desires of grabbing
a profile and job of choice, yet again.
141
students of FMS (99 students of the MBA course and 42 students of the
MBA-MS course) participated in the process. For the MBA program, the
average salary shot up by 27% this year to touch INR
15.31 Lakhs per annum, up from the INR 12.04 Lakhs per annum last
year. The average salary for the MBA-MS program shot up
to INR 13.1 Lakhs per annum, up from the INR 10.55 Lakhs per annum
last year, an increase of 24%.
The
highest domestic salary offered was that of INR 26 Lakhs per annum.
The highest international salary offered touched an
all-time high of USD 105,000 per annum for the profile of a senior
brand manager of a leading retail giant based out of Kuwait.
|
|
MBA |
MBA-MS |
| No. of
Candidates |
99 |
42 |
No. of
Companies
Confirming Presence |
106 |
81 |
No. of
Companies Able to
Recruit |
47 /
106 |
26 /
81 |
| Total
No. of Offers |
140 |
62 |
| No. of
Lateral Candidates |
19 /
99 |
15 /
42 |
No. of
Pre-Placement
Interviews |
73 |
14 |
No. of
Pre-Placement
Offers |
34 |
12 |
|
Average Salary |
INR
15.31 Lakh p.a. |
INR
13.1 Lakh p.a. |
|
Maximum Domestic Salary |
INR 26
Lakh p.a. |
INR
20.55 Lakh p.a. |
Maximum International
Salary |
USD
105,000 |
USD
62,000 |
Says Prof. J. K. Mitra,
Dean, FMS Delhi, "For the last 54 years, FMS believed in the definition of
education provided by Swami Vivekananda 108 years ago; 'Education is the
manifestation of perfection already in a man'. Recent placement record only
reflects the degree of perfection in our products."
Placement
Snapshots (MBA Programme)
The placements across sectors and
multiple offers this year lived up to the image and reputation that FMS enjoys
in the country. A few snapshots of the placements this year are: -
The average salary of the
laterals (individuals with work-experience of more than 18 months) was INR 16.48
Lakhs per annum while that of the freshers touched INR 15.03 Lakhs per annum.
Nearly 52% of the batch opted for
a career in Finance; Marketing was the next preferred choice with 26%;
Consulting had 16% of the batch taking up offers while for the IT sector, the
figure stood at 6%.
On an average, the highest
numbers of offers were made by Banks, with an astounding 45 offers. The top 5
recruiters included HSBC, Standard Chartered, Barclays Bank, BNP Paribas and
ICICI with international offers in investment banking, treasury sales, corporate
finance, relationship manager, private equity and other niche financial
profiles. Consulting giants like McKinsey & Co. and Arthur D. Little also
participated in the process. European banks like Barclays and BNP Paribas
initiated strong relationships with the campus this year, making several offers.
The process also saw participation from private equity players like Avigo
Capital Partners and investment banking firms like Avendus Capital. Other
consulting firms like Accenture, KPMG, Ernst & Young (E&Y), Stern Stewart & Co.,
PricewaterhouseCoopers (PwC) and Tata Administrative Services (TAS) also
participated in the process and made multiple offers. The year witnessed
international participation by leading MNCs like FMC Technologies (France),
Lufthansa (Germany), MH Alshaya (Kuwait) and Sharaf Group (Dubai). The Finance
sector was very well-represented with participation from leading players like
ABN Amro, Citigroup, Deutsche Bank, IDFC, Yes Bank, Axis Bank, JP Morgan Chase
and Lehman Brothers among others. Niche profiles were also offered by SEBI, ICRA
Management Consulting, GE (FMP), IREO, IDG Ventures, Dawnay Day AV and Zeus
Inframanagement. In addition, roles in Finance were also offered by the leading
firms like Procter & Gamble, Reliance, Nestle and Ranbaxy. FMS� healthy
relationship with marketing giants continued this year as well. All FMCG majors
in the country made their presence felt with HUL and Procter & Gamble leading
the pack. The other big names included Asian Paints, Britannia, Cadbury, ITC,
Motorola, Nestle, Dabur, Pepsi, Godrej, Philips, SAB Miller and GSK. The rise of
retail as the sunshine sector for the industry manifested itself in the form of
Bharti-Walmart, Reliance, RPG Group, Essar Group & Kuwait-based M H Alshaya
offering profiles in this segment. Newer profiles were offered by firms like HT
Media, Vodafone and MTV Networks. The IT sector also witnessed a good amount of
participation with bigwigs like Microsoft, Capgemini, Cognizant, IBM and HCL
Technologies making multiple offers.
Placement
Snapshots (MBA-MS Programme)
This year proved to be a
water-shed year in the placements of the MBA (Management of Services) course.
The number of companies that confirmed participation saw a steep rise as did the
number of coveted and niche profiles on offer to the 2008 batch of MBA
(Management of Services) students.
23% of the students got placed in
leading consulting companies like Arthur D. Little, KPMG, IBM Business
Consulting and Cognizant Business Consulting.
International offers for the MBA
(MS) batch were made by Arthur D. Little and Sharaf Group.
Financial Services continued to
be the preferred sector with 46% of the batch accepting offers in financial
firms and leading banks. Consulting attracted 21% of the batch, while marketing
and IT attracted 22% and 11% of the batch respectively.
The major banks recruiting
students included HSBC, ICICI Bank, Axis Bank and Yes Bank. Leading financial
services companies like Goldman Sachs, Avendus Capital, Stern Stewart & Co, SEBI,
Tata Capital, ICRA and ICICI Prudential offered coveted profiles to the
students. PepsiCo continued to be a favorite with the students for its marketing
profile. Leading companies from the retail and telecom sector including Sharaf
Group, Bharti Group, Reliance and Essar Group offered coveted profiles. In
addition to companies like Asian Paints and Blowplast, consumer electronics
giant Philips recruited for a marketing profile. The IT & IT-enabled Services
sector continued to be a sector of choice for many candidates with a prior IT
work-experience. GE made 2 offers for its Global Information Management
Leadership Program (IMLP). Other major participants included Microsoft,
Cognizant, IBM, KPIT Cummins, Wipro Technologies and QAI. HCL Technologies
offered a niche Senior Management Trainee (SMT) profile to the students of the
batch.
Off the
Beaten Track
The year also saw students like
Neha Juneja decline a plum offer from the coveted Tata Administrative Services
(TAS) to form her own venture called aisapaisa.com. The venture is an
independent platform for Indian retail investors to come together and aims to
give them an unparalleled experience in terms of learning, access to latest
market information, collaborating with people with similar financial interests
and trading intents; thus, standing true to its tagline: Collaborate, Learn,
Educate.
Another student of the MBA-MS
course, Ravi Pokharna, opted out of the placements to pursue his dream of being
an entrepreneur. Ravi has presently taken complete control of Delhi operations
of PT Education, a national-level firm. With 7 centers in Delhi, and a
vibrant staff of 64, opportunities abound for him.
Final Word
This placement season saw a lot
of students opting for dream profiles and jobs of their choice and, even at
times, reject the lucrative offers. As Prof. Madhu Vij, Convenor,
Placement Committee, puts it, "The Final Placements 2008 at FMS Delhi bear
testimony to the robust and growing Indian corporate sector. The placements
displayed in full light the sound academic foundation, strong sense of purpose
and an attitude towards excellence of every FMSite. The sheer diversity of the
profiles across verticals and sectors this time are indicative of FMS's equity
in the industry and the timeless excellence which is its glowing hallmark."
The placement season is about the
fulfillment of dreams of the students and FMS has again managed to achieve the
same this year with resounding success.
