13:53:18With its global alumni network and academic standing among the industry for the last 52 years, the Faculty of Management Studies, University of Delhi, has always been known for its stupendous placement record over the years. This lineage, coupled with the booming economy, ensured that Placements 2006 kept its appointment with greatness.

Corporate Participation this year included firms like Macquarie Bank (Australia) , Olam International , Lucent Technologies (APAC) ,Accenture Business Consulting, SAP, Deloitte Consulting, Ernst &Young;, Deutsche Bank, HSBC, Bank of America, Citibank, Standard Chartered Bank, HLL , P&G; ,Nestle, Cadbury and Tata Strategic Management Group for final placements. 94 Companies confirmed participation in the final placements this year which included long-established MBA Full Time programme and the pioneer batch of MBA (Management of Services) fulltime programme under the same roof. Recruiters’ feedback for the revamped final placement process was excellent with glowing tributes to the quality of the students at FMS.

MBA (FT) Placements 2006

As Dr.Madhu Vij, Placement Coordinator for MBA (FT) puts in “The choice of sectors and the variety of niche profiles that were on offer in FMS campus placements this year are a reflection of the legacy and brand equity of FMS students, alumni and faculty”

Snapshots from Placements 2006

· The Average Domestic Salary was 8.9 Lacs per annum as opposed to last year’s 8.1 Lacs per annum showing an increase of 10%. Average domestic salary of the top half of the batch was 9.91 Lacs per annum while for the bottom half the same figure stood at 7.89 Lacs per annum. Incidentally 67% of the batch got salary which was higher than the average salary last year.

· More than 40% of the batch had an offer in hand even before they sat for final placements. Olam International made an offer for $65,000.

· 41% of the selected candidates will be placed across Chicago, Singapore, Sydney, London and Lagos in their first year itself. GE-IMLP, GE-FMP and GE-HRLP recruited for their global leadership programs

· Hindustan Lever Ltd. made a total of 5 offers including 2 Pre Placement offers as Business Leadership Trainees while Procter and Gamble recruited for their niche Global Marketing profile offered in very few campuses in India.

· Standard Chartered Bank made a total of 12 offers including 3 Pre Placement offers while Macquarie Bank Australia visited campus for the first time for finance advisory openings in Australia.

Consulting (14% of the accepted offers)

Consulting attracted recruiters like Accenture Business Consulting, Deloitte, Ernst & Young, Tata Strategic Management Group, IBM Business Consulting and Prudential PLC.

· Deloitte Consulting and Ernst & Young made 2 Lateral offers each.

· Accenture Business Consulting made 2 offers for Business Consulting profile

· Tata Strategic Management Group, at the apex of the Tata Group, made 2 lateral offers for Strategic Consulting

· IBM made 3 offers for their Business Consulting profile while Prudential PLC made an offer for their Process Consulting role.

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Banking and Financial Services (35% of the accepted offers)

The financial services sector led the pack of the recruiters of choice and the highest number of offers was made from this sector. International training has been offered to the selected candidates by major MNC banks and the recruiters from financial services. Standard Chartered Bank (12) was the largest recruiter while Macquarie Bank (Australia) was a first time recruiter.

· HSBC Bank made the highest domestic offer for 2 students at Rs 14.5 Lacs per annum while Citibank made 4 offers including Pre Placement Lateral Offer.

· Deutsche Bank made an offer for the niche Global Transaction Banking Profile which is one of the only two offers that the bank is planning to make in India this year.

· Bank of America made 2 offers for Portfolio management and Treasury profiles.

· ICICI Bank made 6 offers for corporate, consumer and international banking group.

Other major recruiters included GE-FMP and GE-Money, IDFC, ING Vysya, Kotak Mahindra Bank and Lehman Brothers (India).

Marketing and FMCG (20% of the accepted offers)

FMS, the traditional bastion of marketing in India, attracted the best from the sector with Hindustan Lever leading the pack making 5 offers including 2 Pre Placement Offers.

· Hindustan Lever made 2 Pre Placement Offers and a total of 5 offers in the campus.

· Procter & Gamble made one offer for their Global Assistant Brand Manager Profile.

· ITC made 3 offers including 1 Pre Placement Offer.

· Colgate Palmolive made 1 Pre placement offer, of the three placement offers made by the company this year in India.

Other Leading recruiters from FMCG sector include Asian Paints, Cadbury, Dabur, GSK, Nestle, Pepsi and Reckitt Benckiser.

Information Technology/ITES (26% of the accepted offers)

GE-IMLP and Perot Systems were the leading recruiters with other companies including Birlasoft, CSC, HP, IBM, SAP, Infosys, Wipro and Genpact also making numerous offers to the candidates

· SAP made a lateral offer for the niche Value Engineering Group which will soon be kick-starting its operations in U S.

· Birlasoft made an offer for the coveted International Sales Leadership Track.

· GE-IMLP made 4 lateral offers in the campus which engenders futures CIOs for GE companies across the world.

· Wipro made a total of 8 offers including 2 Pre Placement offers while Infosys made a total of 3 offers including 2 lateral offers

General Management and HR (5% of the accepted offers)

General Management and HR profiles were offered by TAS, Olam International, Lucent Technologies, and GE-HRLP.

· Tata Administrative Services (TAS) made 2 offers on campus, including one Pre Placement Offer.

· Olam International made an offer for US $65,000 per annum.

· Lucent Technologies made 2 offers for their Asia Pacific operations.

· GE Human Resources Leadership Programme made one lateral offer for their global HR leadership positions within the GE group.

Other companies that made offers were Essar Group (for their diverse business portfolios), Air India and Indian Oil for general management profiles.

Student’s Reaction

“Deloitte Financial Advisory Services is giving me the unique opportunity to apply my previous work experience in construction sector with Hafeez Contractor to high end business valuation and financial advisory consulting for US Clients .I am looking forward to this opportunity”

-Santosh Jha, Deloitte Financial Advisory Services (B.Arch, IIT-Kgp)

“I will be working with an exciting concept called value engineering at SAP, which has just kicked off in India and hence has tremendous growth potential .SAP will be offering me an opportunity to get involved in a variety of business activities ranging from Supply Chain to Finance. It is an honor to work with a great brand like SAP in IT Industry known for its work life balance.”

Jayarakash Jayaraman, SAP (B.E, Anna University)

“It is always a pleasant feeling after two years of toil and hard work not only to get placed in one of the world’s largest and most reputed banks but also to get placed in the profile you wanted yourself to be in.”

Siddharth Mabbu, Bank of America (B.Tech, IIIT-Hyd)

“I am extremely happy to join the most reputed and largest FMCG Company in India which is known for creating value and respecting people. I am really looking forward to start my career with their reputed Business Leadership Training Programme”.

Nupur Maskara, Hindustan Lever Ltd. (B.A Eng (H), St.Stephen’s)

MBA (Management of Services) Placements 2006

MBA (Management of Services) Two Year Full Time Programme of FMS saw their pioneer batch getting placed with an overwhelming response from the Service Industry. The course has been designed specifically to orient the students towards the booming Services Sector. The placements were an astounding success with various companies from a diverse set of sectors including Financial Services, IT/ITES, Aviation, Health, Hospitality,Media & Entertainment participating in the process. The course with an optimum batch size of 40 had a customer-focused placement process conducted alongside the MBA (FT) Batch at the North Campus. The pioneer batch of FMS-MS recorded an average salary of Rs. 7.5 Lakhs/annum, a feat unmatched across B-schools in their inception year. The Major recruiters were Macquarie Bank(Australia), HSBC, Deloitte, SAP, E&Y;, Max New York Life, Crisil, HP, CSC, Kingfisher Airlines, Infosys, Genpact, Prudential PLC and DHL.

“Most companies that were contacted were quite excited about the structure and promise of the new MBA (Management of Services) Two Year Full Time Programme., though some recruiters with a very structured process decided to participate in the next year’s process after observing the performance of the pioneer batch. Those who ventured to come were very pleased with the performance and personality of the students and observed distinct positive qualities in the MS Batch that the industry values. We plan to expand the pie of services sector to include sunshine sectors like Retail, Education, NGOs,etc in the campus.”, says Dr.Mala Sinha, Placement Advisor of MBA (MS) programme.

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Placement Statistics

Placement Snapshots

· HSBC Bank made an offer of Rs.14.5 Lakhs per annum.

· Kingfisher Airlines visited any B-School campus for recruitment for the first time and made 1 offer.

· Strong bonds were forged with firms like Deloitte Consulting, Macquarie Bank Australia, GE IMLP and SAP in the first year of inception.

· CRISIL offered pre placement interviews to two candidates who won the CRISIL Young Thought Leader Award 2006.

Information Technology/ITES

The IT/ITES sector led the pack of recruiters as the highest number of offers were made in this sector. This clearly justified the background of the candidates as more than 60% of the batch comprises of engineers with most of them having a relevant work-experience. It also highlighted the strength of the candidates in this vertical.

The leading recruiters in this sector were Infosys(9), CSC, HP(4), Patni(4), Wipro and HCL Technologies

· Infosys was the leading recruiter making 9 offers including 6 lateral offers.

· CSC made a lateral offer and HP made 4 lateral offers in the campus.

· Patni Computer Systems made 4 offers including 1 Pre-placement offer and 3 lateral offers.

· Wipro made a lateral offer for its Functional Consultant profile while HCL Technologies made an offer for the profile of Senior Management trainee

· BirlaSoft made 1 lateral offer for its Account Management profile while The Smart Cube made a Pre placement offer.

Banking and Financial Services

· HSBC Bank made the highest Indian offer for 14.5 Lacs

· UTI Bank and UTI AMC made offers for their relationship manager profile amongst others

· Prudential PLC made 3 offers for its process consulting division.

· Other companies visiting the campus included GE (Money), Kotak Life Insurance and Max New York Life

Consulting & General Management

The presence of consults on campus including Deloitte Consulting was an encouraging sight.

· Ernst & Young made an offer as a consultant in Risk & Business solutions.

· Essar Group made one of the highest domestic offers for its general management profile

· KSA TechnoPak, made a pre placement offer for the summer intern.

The Sunrise Sectors – Aviation, Hospitality, Logistics and Media & Entertainment.

· Kingfisher Airlines visited the any campus in India for the first time and made an offer.

· DHL recruited one student for their logistics division.

· Indian Express came to the campus for the first time and made an offer.

· The leading Event Management Company DQ Entertainment and Indian Hotels (Taj Group of Hotels) also were the first time recruiters in the campus.

Student’s Reaction

· “As the banking industry gears up to integrate systems, skills and technologies worldwide, I see myself in the thick of it all at HSBC. With HSBC offering excellent opportunities for learning and development, I see it as the ideal company to grow with.” – Aditya Lakhanpal, HSBC Bank (B.E., Manipal Institute of Technology)

· “Most B – school graduates move on to make their careers in traditional sectors like banking and FMCG. But I always wanted to move off the beaten path. Pursuing my career in one of the fastest growing sectors such as aviation and further, being associated with a vibrant brand like Kingfisher, is a dream come true.” – Vaibhav Sadamate, Kingfisher Airlines (B.Com, Delhi University)

· “I strongly believe that a job in Account Management in a small, fast growing company like Birlasoft would enable me to get into exciting roles in the IT industry, early on in my career and provide ground for personal growth” – B.Ganes Kesari, BirlaSoft (B.Tech, Anna University)

FMS Placement Trends – 2006

For the Recruiters

What attracts Students today?

An informal survey done at FMS reveals that the relevant parameters considered for selecting a target company are:

· Job Profile and Learning

· Brand name

· Global Mobility

· Career Growth.

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Interestingly, the pay package is a parameter used only as basic minimum criterion. Another interesting trend is that the lure of a “foreign” placement is gradually being replaced by the global mobility parameter. Students seem to be quite content taking an India posting with frequent stints abroad. This clearly shows that home is where the heart is, though candidates would definitely like to visit other countries and gain international exposure. Structured training programs and global leadership programs also got a huge thumbs- up from students.

Focus @FMS

There were many candidates who applied to less than 5 companies and received offers from all of them. Cross sector applications were almost non-existent at FMS due to choice of jobs on offer. This ensured that students applied only for the right reasons and whoever applied to a sector was keenly interested in it.

For the Prospective Student – Some insights

Does money matter anymore?

· There is no significant positive correlation between the pay package offered and the number of applicants for a job, which is a fair indication of the value of a specific job profile.

· There is only moderate positive correlation between the academic ranking of an individual in the course and the pay packages offered to him/her.

This clearly shows FMS has moved firmly into the era where pay packages have ceased to be a differentiating factor among the students. FMS has the unique distinction of being Tier One B-school with one of the lowest batch strength. This exclusivity not only ensures presence of all corporates, but also ensures that each candidate can afford to be focused on the career of his/her choice and get that dream job. The average of the bottom 25 % of the batch (7.3 lakhs/annum) is easily the highest across B-schools, which points to the most equitable distribution of jobs. The pressure cooker situation that placement day creates in most other B-schools is a far cry from the cool and relaxed experience in FMS.

For our Alumni

Our global alumni network continues to be one of our biggest sources of strength. Their sterling achievements have been the biggest reason for the success of FMS. As FMS alumni dazzle across the globe, there is a deep sense of gratitude on campus for their unflinching support and a firm resolve to keep the flag flying high when graduates join them in the corporate world.

The Last Word

Placement 2006 will be remembered as the time students at FMS could be extremely picky about the choice of their careers. Candidates did not have to go into a sector or company he or she did not plan to get into. It is possibly the beginning of the era when salaries cease to be the differentiating factor. As FMS gears up for the next wave of recruitment trends, there is one thing that is etched in stone: While India is on a roll, the nation’s first B-school is shining at its rightful place under the sun. Comments Prof. C.D.Bhattacharya, the Dean, “The future looks even more exciting for FMS, as it marches on to become a truly international campus, backed by one of the most stringent selection processes, excellent Faculty and a global Alumni community more than 10,000 strong. Placements 2006 is just a snapshot of what the future holds for the nation and FMS. “

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