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campus placements in ISB, against 437 last year.

G. Naga Sridhar

Hyderabad, Nov. 29

If you are a management student looking for a campus placement, cheer up.

The hiring prospects at the premier business schools and second-rung colleges could be encouraging, according to early trends.

Compared to last year, there has been a significant change in the sentiment (attitude) of the recruiters. In addition to the regular visitors, some new recruiters are also coming up with a signal that the remuneration package is not an issue in hiring the best talent, according to sources.

“We see a distinct improvement in the interest of the recruiters to hire. The slowdown shadow appears to be waning on campus hiring,'' Prof R.L. Raina, Chairman, Placements, IIM-Lucknow, told Business Line over phone.

More offers

Keeping in line with emerging trend in other IIMs, there has been a 25 per cent increase in the number of offers and the average salary packages at IIM-L.

“Some students have even accepted offers from some start-up companies. We cannot reveal exact numbers as the process is still on,'' he said.

“The number of companies coming to hire is also going up,'' says Mr V.K. Menon, Senior Director, Centre for Career Advancement, Indian School of Business (ISB).

Last year, over 332 companies came to ISB. This year, the number could be more.

“These are only early trends. Actual outcome may be much better,'' Mr Menon said.

This year, 572 students will compete for campus placements in ISB, against 437 last year.

Finance, IT majors back

The finance, consulting and IT majors are coming forward to recruit in campuses after a poor show last year, agree experts.

According to Mr D.S. Rao, ICFAI Business School (IBS), a major improvement in hiring is expected across sectors from January 2010 onwards. Against 120 last year, about 170 companies would participate in placement programme at IBS this year, he added.

The average salary could also go up compared with that of last year. At IBS, it was Rs 5 lakh last year. “The indications are that it may go beyond 6 lakh this year,'' he said.

ONLY SENTIMENT?

Some experts, however, also caution that the improvement is only ‘limited' to the market sentiment rather than actual hiring as of now.

“One happy thing is improvement in companies' attitude compared with last year. Hiring is definitely going up. There is a need for cautious optimism. While hiring this year may be higher compared with last year, the quantum may not touch 2007 levels yet,'' Dr R K Mishra, Director, Institute of Public Enterprise said.

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