on 17 March, 2013
Top B-Schools like IIFT, FMS, MDI sees a thumbs down | MBA News
IIFT, MDI Sees Less International Offers in 2013 Placement
March 18, 2013
The global economic slowdown has impacted campus recruitments at NCR B-schools this year. Few foreign job offers have landed, and those that have landed haven't come with fat pay packets.
The Indian Institute of Foreign Trade (IIFT) has had the worst placement season this time. The maximum annual package offered to any IIFT student this time is Rs 27 lakh; last year, it was Rs 64 lakh. Domestic placements, though, have been more this year with over 9% increase in median salaries. With 74 domestic recruiters visiting the campus, the highest package offered at IIFT stands at Rs 22 lakh per annum, up from Rs 19 lakh per annum in 2012.
Munish Bhargava, corporate and placement adviser, IIFT, said: "Despite the economic slowdown internationally, our domestic placements has not been affected adversely and in fact we managed to improve. But yes, our major international recruiters gave us a miss this year. Technology and e-commerce jobs were more this time."
Management Development Institute (MDI), Gurgaon, hasn't fared any better. The institute has a 100% placement record, but this time they have been forced to stretch the placement season, as there are 21 students who haven't been placed.
"Things have been gloomy because of the economy and international placements have taken a hit which is why there is more pressure on domestic placements. Requirements per company have also come down. Moreover, the increase of 10%-15% in salary, which we are used to, is not there this year", said placement adviser and faculty member of MDI, Kamal Kapil.
At the Faculty of Management Studies, even domestic offers haven't been too encouraging. According to sources in the premier institute, the highest pay packet offered so far is way below its previous year's high of Rs 32 lakh. International offers, too, have not been forthcoming. Last year, the highest package offered to any student was Rs. 72 lakh.
FMS hasn't come out with a placement report yet and is likely to stretch placements up to March 31, as 20-odd students have not got any offer yet.
Courtsey: Times Of India
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