Recruiters are coming up with ‘super specialty demands’ and job offers are getting increasingly ‘industry oriented'.
Recruiters are coming up with ‘super specialty demands’ and job offers are getting increasingly ‘industry oriented'.

Recalibrating the ‘MBA’ for better alignment with the recruiter

Is the time right to pursue MBA? How is the job market ?
By HT Brand Studio
UPDATED ON FEB 23, 2021 06:47 PM IST

Virtual classes, online recruitment and many other challenges are faced by B Schools and students, today. What exactly are B Schools doing this year to make their students adapt ?

With business and industries hit worldwide, layoffs happening at all levels, what does it mean to be an MBA student during this crisis period? Are the business schools ready to deliver and prepare the future business leaders to cope up with the disrupted market and VUCA world - in real sense?

With business and industries hit worldwide by the pandemic and layoffs happening at all levels, what does it mean to be an MBA student during this crisis period? Are the business schools ready to deliver and prepare the future business leaders to cope with the disrupted business environment and VUCA world - in real sense? Internship and placements data published by campusutra suggests, recruiters are coming up with ‘super specialty demands’ and job offers are getting increasingly ‘industry oriented’.

According to Dr. Sanghamitra Buddhapriya, Dean (Academics) at FORE School of Management, New Delhi, “In the pandemic situation, MBA schools have had to adopt new models of delivery -- online or hybrid. Those, which are proactive, quickly adapt to new technology, build an effective delivery mechanism, redesign their courses, come up with new patterns of evaluation, and prepare the students to cope with the dynamic business scenario. By doing so, they build confidence in the recruiters to offer internships and placements to the students, who are industry-ready."

Incidentally, the class of 2020 at FORE School received decent offers last year despite the lockdown. Average compensation for batch 2018-20, has been Rupees 10.6 lakh per annum and the highest salary clocked Rupees 30 lakh per annum. Deloitte, KPMG, PWC, CTS, HCL, Wipro among others, participated in the campus placement as usual, but in online mode.

BFSI, IT/ITeS, Healthcare, Business Analytics & Consulting, FMCG, E-Commerce, Fintech & IT / ITeS, FMCG & Manufacturing sectors have been the top recruiters. This being evidence to the fact that recruitment is happening, skilled talent is in demand and certain management institutions continue to attract recruiters even in the middle of an ongoing crisis.

Almost every student enrolls for an MBA programme with an objective of having a decent offer letter at the end of 2 years. Handful of them with an entrepreneurial mindset, may have a slightly different approach. But is there more to management degree than just campus placements?

"No job today provides the assurance of lifelong employment. So graduates must chart their career path by re-inventing themselves through a succession of mini-careers in different roles. B-schools should help prepare students to deal with uncertainty, because recruiters value graduates for their current knowledge as well as their ability to learn new skills with time", avers Dr. Shobha Das, Dean of IFMR GSB, Krea University.

Dr. Joseph Marianus Kujur, Director at XISS Ranchi, believes, “Placement is just one aspect, the key factor has been keeping students intellectually engaged and motivated. The COVID-19 pandemic definitely impacted all sectors of economy - primary, secondary and tertiary. The Unorganised sector compared to the organized, has been worst hit. However, we have to realise that even before the pandemic happened, the Indian economy was in shatters with the highest unemployment rate ever in the last 45 years or so. Since the economy was not in great shape, many B Schools were already facing the heat as far as placements are concerned, which was not pandemic-induced. This scenario was explained to our students and they were prepared well to face the dynamic shift in business and qualities a recruiter would like to see in them in the current situation. The challenge was how to quickly shift to the new teaching and learning environment, keep the students engaged and their morale high. Our faculty members managed to do that through virtual classrooms leveraging technologies, their familiarities with industry operations and delivering in the digital format. This reflected in the job offers bagged by the students''.

Dr. Shobha Das shares similar sentiments, "The pandemic, like every great challenge, has brought forth its own share of opportunities. By limiting the scope of face-to-face interactions, it has required faculty and students to improvise and develop other modes of learning, networking, and community building. IFMR GSB at Krea University prepares managers for an unpredictable world. Being part of Krea University, IFMR GSB students master the art of interwoven learning that is embedded in the curriculum offered by the diverse faculty with rich industry and academic experience. Our students are ready to take on uncertainty, and not just survive, but thrive in demanding and dynamic environments''.

Despite a slowing economy, the ongoing placement process at IFMR GSB has seen a 10% increase in the average salary as of now where 80% of the 2021 graduating batch have received job offers already, with an average CTC of Rs. 10.4 lakhs per annum, which is 10% higher than last year. Cohorts of 2020 from IFMR GSB received job offers from Bank of America, Barclays, CitiCorp, Credit Suisse, Deloitte, EY, HCL, Infosys, JPMC, and Societe Generale.

While at XISS Ranchi, the highest salary offer of Rs. 26.4 lac was a 100% jump from the previous year 2019. Offers were rolled out to the outgoing batch of students at XISS by Axis Bank, HDFC Bank Ltd, ING Vysya Bank, CISCO, Colgate Palmolive, Asian Paints, ITC, Blue Star, Cummins, Cognizant, Aditya Birla Retail, Havells among others. The average compensation clocked close to Rs. 8 lakhs per annum for HR and overall 6 lakh per annum.

Placement data and type of offers rolled out during the placement season, specially at a tough time, is a critical indicator of the B School’s performance towards the stakeholders - students and recruiters. The ‘relevance of MBA’ in these difficult times where openings and recruitment are getting increasingly ‘industry oriented’ which essentially means, recruitment is happening where skill sets match the demands of the recruiter and are better aligned to the job roles.

“We are trying our best to give the students the experience of a B-School even if they are not coming to the campus. Apart from regular classes, many webinars are also being conducted regularly. Students-driven activities such as GENESIS- the Annual Management Fest was also conducted through online mode. We are encouraging students to participate in various competitions in the online-mode. The current batch at FORE is on a winning streak with 86 awards from competitions across the country including IIMs, IITs, XLRI, adds Dr. Sanghamitra.

Disclaimer: This content is distributed by Digpu News Network. No HT journalist is involved in creation of this content.

SHARE THIS ARTICLE ON
Close
Most of the fund’s properties are located in Chennai, Bangaluru and Pune where certain commercial real estate investments were also made alongside the residential ones, mostly in the form of office buildings and commercial centers.(Digpu)
Most of the fund’s properties are located in Chennai, Bangaluru and Pune where certain commercial real estate investments were also made alongside the residential ones, mostly in the form of office buildings and commercial centers.(Digpu)

Solomartel completes its first-ever real estate fund in India

By HT Brand Studio
PUBLISHED ON FEB 26, 2021 07:52 PM IST
The online investment fund is known for providing real estate investment opportunities to individuals and companies around the globe.
Close
Through his company- RedFire Digital Media , Pratham has incubated more than two hundred and fifty companies and businesses to carry out digital marketing over the past four years
Through his company- RedFire Digital Media , Pratham has incubated more than two hundred and fifty companies and businesses to carry out digital marketing over the past four years

GetPaying Clients - The key to success for budding digital entrepreneurs

By HT Brand Studio
PUBLISHED ON FEB 26, 2021 07:38 PM IST
Started by a young budding entrepreneur and digital marketer - Pratham Waghmare, this company strives for success of enthusiasts who want to make it big in the world of digital marketing.
Close
An MBA is not a time-bound investment and a business degree will most certainly pay dividends for the rest of your career.
An MBA is not a time-bound investment and a business degree will most certainly pay dividends for the rest of your career.

The value of an MBA degree during the recession and pandemic

By HT Brand Studio
UPDATED ON FEB 26, 2021 07:00 PM IST
Here is what an MBA means in times of a financial crisis and a skewed job market.
Close
The motive behind this award ceremony is to recognize personalities nation-wide who have successfully made an impression on their fields or businesses, to celebrate their success and to encourage others.
The motive behind this award ceremony is to recognize personalities nation-wide who have successfully made an impression on their fields or businesses, to celebrate their success and to encourage others.

Top 50 influencers of 2020 announced by G-Town Society Magazine, India

By HT Brand Studio
PUBLISHED ON FEB 26, 2021 06:54 PM IST
The handpicked influencers will be honored at the gala event of the Indian Excelsior Awards on 20th March 2021.
Close
Our smartphones can do a lot more things besides making phone calls. Unlike a few years ago, both Android and iOS have millions of applications on their official stores.(Silentbet)
Our smartphones can do a lot more things besides making phone calls. Unlike a few years ago, both Android and iOS have millions of applications on their official stores.(Silentbet)

Mobile usage stats, trends & facts you should know

By HT Brand Studio
PUBLISHED ON FEB 26, 2021 06:20 PM IST
Did you know that people swipe and tap their device around 2600 times every day? This number might seem shocking at first, but since almost every app sends different types of notifications, it does make sense.
Close
Himanshu Sharma & Manish Sharma
Himanshu Sharma & Manish Sharma

Himanshu Sharma & Manish Sharma: Unrecognized stars of Social Media Marketing

By Brand Post
PUBLISHED ON FEB 26, 2021 05:25 PM IST
  • They have helped many businesses/individuals to get back on track, and their help is accounted for by all whenever their worth is accounted for.
Close
Franchising is a form of marketing and distribution with a strong relationship between the franchisor and the franchisee.
Franchising is a form of marketing and distribution with a strong relationship between the franchisor and the franchisee.

7 benefits of expanding your business through franchising

By Brand Post
PUBLISHED ON FEB 26, 2021 05:18 PM IST
  • With the onset of the pandemic more and more people are flocking franchise websites to pick up franchises from reputed global brands instead of starting up their own stores.
Close
Ahead of Protein Day 2021, the Right To Protein initiative received support from 9 new organisations.(Right To Protein)
Ahead of Protein Day 2021, the Right To Protein initiative received support from 9 new organisations.(Right To Protein)

Protein Day 2021: Nutrition organisations support Right To Protein initiative

By HT Brand Studio
PUBLISHED ON FEB 26, 2021 10:52 AM IST
Ahead of Protein Day 2021, leading health and nutrition brands and thought leaders join forces with the Right To Protein initiative to drive national consciousness towards adequate consumption of protein in daily Indian diets.
Close
Akshay Aggarwal
Akshay Aggarwal

Akshay Aggarwal – The businessman who exudes confidence

By HT Brand Studio
PUBLISHED ON FEB 25, 2021 05:49 PM IST
Akshay Aggarwal is a talented and young entrepreneur, who works his magic with different businesses on everyday basis.
Close
#CodeAtHome comes to India
#CodeAtHome comes to India

After a successful launch in Europe, #CodeAtHome comes to India

By Brand Post
PUBLISHED ON FEB 25, 2021 05:49 PM IST
  • As India makes strides towards widening access of digital resources at the grass root levels, particularly among the women, the launch of #CodeAtHome would act as a force multiplier in building digital inclination among young minds at their formative years.
Close
Signzy Founders Pic (L-R) - Arpit Ratan, Ankit Ratan, Ankur Pandey
Signzy Founders Pic (L-R) - Arpit Ratan, Ankit Ratan, Ankur Pandey

Signzy’s Video KYC can help fight ID theft and financial fraud

By Brand Post
PUBLISHED ON FEB 25, 2021 05:43 PM IST
  • Signzy harnesses the latest technologies in Artificial Intelligence to perform comprehensive identity verification using liveliness checks, image forensics, face matching and a randomized set of questions.
Close
Unlike a secured loan, your lender has no collateral in hand when they offer you a personal loan. This is precisely why personal loan interest rates are often on the higher side.(Bajaj Finserv)
Unlike a secured loan, your lender has no collateral in hand when they offer you a personal loan. This is precisely why personal loan interest rates are often on the higher side.(Bajaj Finserv)

Smart ways to get lower interest rates on your personal loan

By HT Brand Studio
UPDATED ON FEB 25, 2021 06:44 PM IST
With the Bajaj Finserv Personal Loan, you can get collateral-free finance of up to Rs. 25 lakh at an attractive interest rate.
Close
Johnson Controls – Hitachi Air Conditioning India Ltd. is a leading global air conditioning manufacturer providing home owners and businesses with customized air conditioning solutions.(Johnson Controls-Hitachi Air Conditioning India Limited)
Johnson Controls – Hitachi Air Conditioning India Ltd. is a leading global air conditioning manufacturer providing home owners and businesses with customized air conditioning solutions.(Johnson Controls-Hitachi Air Conditioning India Limited)

Hitachi launches 2021 range of air conditioners in India

By HT Brand Studio
PUBLISHED ON FEB 25, 2021 03:59 PM IST
Hitachi’s all-new range of expandable and energy-efficient air conditioners are designed keeping in mind the extreme heat conditions of the Northern Plains and hot-cum-humid conditions of the coastal areas of India.
Close
Rajiv Nath, MD, Hindustan Syringes & Medical Devices Ltd.
Rajiv Nath, MD, Hindustan Syringes & Medical Devices Ltd.

In conversation with Rajiv Nath, MD, Hindustan Syringes & Medical Devices Ltd.

By HT Brand Studio
PUBLISHED ON FEB 24, 2021 06:07 PM IST
HMD is one of the largest suppliers to UN Agencies for KOJAK Auto Disable Syringes for immunization and is also the first Company in India to manufacture Auto Disable Syringes for Curative Segment.
Close
The series will highlight the trials and tribulations of 2020 via its quirky narrative.
The series will highlight the trials and tribulations of 2020 via its quirky narrative.

#LiveItUp 2021 by Godrej L’Affaire is the ultimate binge watch this weekend

By HT Brand Studio
UPDATED ON FEB 24, 2021 06:08 PM IST
Top influencers of the lifestyle space come together to sue 2020!
Close
SHARE
Story Saved
OPEN APP