Banking & Financial Services Sector Largest & Highest Paying Recruiter at FMS-Delhi Placements

The mark of a great B-school is if it can accommodate and fulfill the expectations of its students. At FMS, which has been fulfilling these ever rising expectations since 1954, a new chapter was written in the past week of placements.

When the class of 2007 had signed up for its MBA two years back, what they had been promised was a magical salary figure of INR 8.9 Lakhs p.a. and a list of recruiters which were among the best in the world. As it signs off, this class has seen its average salary go up one and a half times to touch INR 12.04 Lakhs per annum with an even bigger and better list of recruiters. As many as 70% of the present batch bettered last year’s average salary and 40% were offered international stints at their companies of choice within the first twelve months of joining. For the pioneering MBA-MS (Management of Services Batch), the haul was equally rich with both domestic and foreign jobs on offer. The average domestic salary of the MBA-MS Batch was an impressive INR 10.55 Lakhs per annum, up by nearly 40% from last year’s levels.

Going beyond expectations is a cliché... what FMS has done is to really achieve beyond expectations.

Placement Snapshots (MBA Programme)

Though FMS has enjoyed a great relationship with most of India’s favored recruiters, the flavor of placements this season was that almost all students signed out with a job from a recruiter of preference. "Placements at FMS for the class of 2007 offered an opportunity for most of the students to get into their Dream Company. With the economy booming, exciting profiles were offered across domains by several companies. Banking and Financial Services was the largest recruiter this year with the highest paying job also coming from the financial sector," says Dr. Madhu Vij, Placement Advisor for the FMS MBA programme.

• The average domestic salary for accepted offers was INR 12.04 Lakhs per annum as opposed to last year's INR 8.89 Lakhs per annum showing an increase of nearly 30%.Interestingly, women managers earned more with INR 12.58 Lakhs per annum while their male counterparts had to contend with an average salary of INR 11.83 Lakhs per annum.

• The highest domestic salary was offered by Paris-based Calyon Bank with INR 16 Lakhs being offered to one student. This was followed by old-time recruiter Citigroup, which made an offer of INR 15.5 Lakhs in an Assistant Vice President’s role. The highest foreign offer made was AED 220,000.

• The Consulting and General Management sector saw a participation from regular recruiters like Accenture Business Consulting, TAS and TSMG, besides many new recruiters that were added to the list this year.

• Nearly 48% of the batch opted for a career in Finance; the rest was nearly evenly spread between IT, FMCG’s, Consulting & General Management. This just goes on to showcase FMS’ growing reputation as a favored destination for those inclined towards finance.

• The highest number of offers was made by Cognizant Technologies with 15. With 10 offers each, IBM, Standard Chartered Bank & ICICI Bank were a close second.

• On an average, the highest numbers of offers were made by Banks, with an astounding 62 offers being made IN ALL. The top 5 recruiters included HSBC, Citibank & ABN Amro, Standard Chartered & ICICI, including international offers in investment banking and other niche financial profiles.

• All FMCG majors in the country made their presence felt with HLL (now HUL) and Proctor & Gamble leading the pack. The other big names included Asian Paints, Cadbury, Colgate-Palmolive, Dabur, GSK, Henkel, ITC, Motorola, Nestle, Pepsi, Reckitt Benckiser, SAB Miller, Tata Motors & Titan.

• The IT sector was well represented by recruiters like SAP, Oracle, Cognizant, GE-IMLP, CSC, HP, IBM, Inductis, Infosys, Wipro, Kanbay, Covansys, Patni, Honeywell, Satyam, Tavant & Tech Mahindra.

• The list of first-time recruiters included European Investment Banks like Langham Capital & Calyon Bank, KPMG in the Consulting Domain, Retail Giants like Bharti-Walmart & Jumbo Group (Dubai) while International consulting majors like ZS Associates, Mercer Consulting and Stern & Stewart and international IT firms like ATOS Origin & Yahoo Inc! initiated their relationship with the campus this year. Europe-based DTZ, one of the world’s leading real estate consultants, offered their niche International Property Consulting role.

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