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Campus recruitments at B-schools off to a good start
Anjali Prayag
Bangalore, Feb. 27
While tech schools are already worrying about the impact of the sub-prime crisis on their campus recruitment plans, it’s been business as usual for B-schools in the country. The Manipal-based TA Pai Management Institute, for example, wrapped up its entire placement process for in just six hours, says Dr S. Elankumaran, Chairman, Placements, TAPMI.
The 125-student batch received 184 offers from 61 companies, including three overseas assignments. Visiting companies were from diverse sectors, including financial services (banking, equity research, and wealth management), consulting, telecom, FMCG, healthcare and manufacturing.
Companies that visited TAPMI campus and recruited for the first time include Lehman Brothers, Morgan Stanley, KPMG, SEBI, ICRA, Bank of America, Standard Chartered Bank, CapGemini and D E Shaw.
At Bangalore’s ICFAI Business School too, about 95 per cent of the 400-student strong batch has been hired. Prof Murali, Associate Dean, ICFAI Business School, says that apart from the usual financial and IT biggies, several leading insurance firms (Reliance and Tata AIG) visited the campus this year.
Consultancy firms such as PwC, Deloitte, Haskins & Sells have also recruited fresh talent from IBS. The Xavier Institute of Management and Entrepreneurship, Bangalore, has almost concluded its campus placement process with about 95 per cent of the 120-student batch getting placed in the last three days.
Average salary this year rose by about 20-25 per cent from last year, says Prof Murali.
At IBS, average salary stood at Rs 5.5 lakh and highest salary at Rs 8.5 lakh. Average salary offered to TAPMI students this year is Rs 7.38 lakh and the highest salary offered is Rs 18 lakh, up by almost 100 per cent from last year (Rs 9.25 lakh in 2007).
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