E-commerce, pharma and consulting stronger
Early trends indicate that hirers are giving conventional sectors the go-by.education Updated: Jan 29, 2013 15:53 IST
The lateral placements 2013 at IIM Lucknow, also known as the higher entry placement process (HEPP) began in early January 2013 and will continue for some time before the final placements. The total batch size is approximately 430 and about 50% of the students are eligible for HEPP. Some of the regular recruiters in HEPP include Aditya Birla Group, Amazon, Capgemini, Cognizant, Deloitte, Emerson, Goldman Sachs Asset Management, Google, HCL and ICICI Bank among others.
According to Anubhav Jain, member of the placement committee at IIM Lucknow, “about 20% of the companies in HEPP are coming in for the first time. Most of these first- time recruiters are from the e-commerce, pharmaceutical, FMCG, real estate and IT sectors.”
Global firms and MNCs from the Middle East, Africa and south east Asia are visiting IIM Lucknow exclusively for their talent needs. Pharmaceutical companies made their presence felt on campus with general management and sales and marketing roles. There was also an increase in the number of entrepreneurial roles offered by start-up companies operating in the e-commerce arena. Most companies opened up additional profiles and higher roles than those offered in the last two years.
Sectors such as consulting, FMCG, pharmaceuticals and IT have been bullish on recruiting IIM-L graduates, says Jain.
At IIM Shillong, all the sectors are bullish on hiring and in this race IT is a little ahead of the other sectors. “Almost all of our past recruiters also participated in this year’s placement process.
Apart from that, we also witnessed participation from many first-time recruiters. There was good participation from all the sectors like consulting, general management, finance, marketing IT, etc,” says Mukhim. There were challenges this year for Mumbai’s Narsee Monjee Institute of Management Studies (NMIMS), too, considering its large batch size and multiple MBA programmes all participating together in placements. However, in addition to the support of its loyal recruiters, a number of companies had participated after a gap and some new names had also jumped into the fray.
“Companies across sectors that have visited are from BFSI, consulting, IB, FMCG, FMCD, consulting, manufacturing, telecom, media, pharma etc. Around 60 more are to visit soon. Apart from the pre-placement offers, a good number of students have been selected,” says Shobha Pai, head of placements at NMIMS.
At IIM Ranchi, till January 2013, 14 companies visited the institute for the campus placements. “The number of offers, however, has gone down, given the trend so far.
Jobs in the IT sector are substantially reduced while FMCG has seen a marginal drop. However, as a new trend, there are more opportunities in e-commerce, KPOs and the social sector with students looking for chances in social entrepreneurship,” says MJ Xavier, director, IIM Ranchi.
E-commerce, IT, pharma and consulting seem to be emerging strong at FMS too. Finance is not very bullish though but it seems to have improved from last year. “There is a good line-up of FMCG, sales and marketing companies with a lot of legacy recruiters coming in as per the early trends. The average salary has gone up by 10-15% and there has been a 20-30% increase in the number of companies in the lateral placements,” says Dhruv Mittal, placement secretary at FMS.