Placements form an important part of a business’s ethos, corporate social responsibilities and identity by developing the skills of local students or those that are important to the future of their industry. Today placements form criteria based on which students choose colleges. Consequently, all the universities aim to provide the highest percentage of placement possible, whether it is an established nation renowned institutes like FMS, BITS, DIT University, GITAM University of Vishakhapatnam, Christ University of Bangalore or struggling universities such as Welingkar University or Presidency University, Bangalore.
Talking about engineers it is estimated that about 3 lakh fresh Engineering graduates were placed (on campus and off campus, put together) during 2012-13 , out of over 8 lakh students that are graduating in 2013. About 1.8 Lakhs (about 60%) of them have placed in IT/ITES industry, with the balance from other sectors like manufacturing (PSU as well as private), construction, service industries (like banking and telecom) and Central Government/defense (including Indian Engineering Services). Due to attractive salaries by private higher education and training (which includes coaching institutes), some students, with the passion for teaching, have been joining the teaching profession. Of late, there has been an increasing trend of fresh engineering students to become entrepreneurs. It is estimated that about 80% of the hiring is done through campus recruitment, which is predominantly by IT/ITES industry.
Placement 2017 season for the batch 2015-17 in top B-schools has remained spectacular with a sharp increase in average and highest salary, whereas the middle order B-schools are trying to retain their position in the placement process. Leading MBA colleges namely SPJIMR Mumbai, FMS Delhi, JBIMS Mumbai, MDI Gurgaon, XLRI Jamshedpur have recorded highest average salary in MBA Placement 2017 among the top 20 B-schools.
Top MBA colleges with a high average salary in placements as reflected in top MBA colleges Placement reports, over the years have grown tremendously in India. In fact, the higher ranking goes in favor of those top MBA colleges and top IIMs with a high average salary instead of highest salary. There are many MBA colleges and IIMs with a huge gap between highest and average placement packages in their placement reports.
The MBA placement trends in 2017 have reflected higher than last year average salary and more MBA jobs as well as more international packages. The demand for MBAs in India has gone up further for the consecutive 2nd year. There is no more a dismal picture of global economic slowdown that has been haunting the minds of young MBAs till last year. Various manufacturing, financial and service sectors in India has begun to progress in comparison with others and accordingly with the spread and improved demand for fresh MBAs, the recruiters in these sectors have become more competitive to offer more jobs to MBAs.
MBA placement 2017 in many B-schools got over in 3 to 7 days with high salary offers and the increased number of recruiters from all sectors. All the sectors have recorded growth in MBA placement 2017 including Banking, Finance, Services & consultancy, Insurance (BFSI); IT/ITES; Operations; manufacturing, consulting among others. Thus, there is a tendency to pursue a job at an early stage among students.
Devang Vibhakar is the Founder and Editor of www.SpeakBindas.com. He has interviewed more than 350 people. His effort was recognized by Limca Book of Records, twice. He has been to Scotland as well as Germany as part of vocational & cultural exchange programs and has compiled five books so far. He's passionate about bringing forth interesting stories & interviews of entrepreneurs to avid readers of SpeakBindas. He can be reached 