The job trends seem to have taken a U-turn for MBA graduates as the top B-schools have witnessed an increase in offers made during summer internship and placement offers. Most of the offers have been sourced from consulting and finance firms.
Out of the total 476 students of IIM Calcutta, 121 have been hired by the finance sector, while the consulting firms have hired 120 students.
Meanwhile, at XLRI Jamshedpur, out of a total of 470 students, 27 per cent have been offered jobs by consulting firms. In addition, information technology (IT), e-commerce, consumer goods and financial services were the other top recruiters. Boston Consulting Group (BCG), Bain & Company, Accenture Strategy, PricewaterhouseCoopers (PwC), and Deloitte were among the top recruiters at XLRI.
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Among top B-school campuses, top recruiters include JP Morgan Chase, Goldman Sachs, Standard Chartered, Axis Capital, Bank of America, Blackstone, Aditya Birla Group, Hindustan Unilever, Amazon, Flipkart, Dr Reddy’s Laboratories, ITC, Capgemini, And Google is also among those offering offers during virtual summer placements.
At IIM Indore, 25 per cent students were hired by consulting firms, followed by sales, marketing and finance. IIM Kozhikode saw a 73 per cent share of the total offer being made by consulting firms, sales, marketing and finance. 132 employers offered paid internships to 559 students. 567 offers were made to 562 candidates at IIM Lucknow.
At least 52 firms made 260 offers to 238 students of Bhavan’s SP Jain Institute of Management and Research, and these include sectors such as consumer goods, consulting and financial services, and e-commerce.
Summer placements also showed an average compensation of between 6 per cent and 16 per cent this year. XLRI saw a 16 per cent increase in the average stipend for the entire batch, while at IIM-Indore, the average stipend increased by 9 per cent, thus indicating a revival in the entry-level white-collar jobs market. Entry-level openings have risen 18 percent to reach the 100,000 mark in October.
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