Management grads at FMS bag annual package of Rs. 60 lakh
An annual salary package of Rs 60 lakh is what a student at the Faculty of Management Studies, Delhi University, has got this year. The international package, which was Rs 70 lakh per annum last year, has reportedly come down to Rs 60 lakh this year.delhi Updated: Apr 29, 2013 01:29 IST
An annual salary package of Rs 60 lakh is what a student at the Faculty of Management Studies, Delhi University, has got this year.
According to the annual placement report released on Sunday, out of 216 students in the batch, five opted out of placements and 46 had secured pre-placement offers. Of the remaining 165 students, 155 got placed this year. The management institute did not disclose the names of the students who get placed.
While FMS has said the year has been satisfactory despite a “gloomy economic scenario”, the highest package in both the domestic and the international sector has seen a drop this year.
Last year the highest domestic package was Rs 32 lakh per annum. This year, the figure has come down to Rs 26.8 lakh. The international package, which was Rs 70 lakh per annum last year, has reportedly come down to Rs 60 lakh this year.
The median salary, however, has seen an increase of 14% this year and has increased to 16 lakh per annum.
This year 93 companies participated in the placement process. Out of these 31 were new recruiters.
The highest number of students has been placed in the sales and marketing (39%) followed by consulting and general management (27%) and banking, financial services and insurance (21%).
“With the number of offers in consulting increasing steadily over the past few years, this year saw the largest ever participation in this domain at FMS. Some of the coveted firms who hired from FMS were The Boston Consulting Group, Accenture Management Consulting, Deloitte, Capgemini, Ernst & Young and Bain Capability Centre,” the placement report read.
“Capgemini Management Consulting was the largest recruiter with 12 offers.
General management roles were amongst the most sought after on campus this year.