FMS manages 100 pc summer placements

The global meltdown and economic crisis has failed to cloud the summer placements of management students in Delhi and the National Capital Region, reports Swaha Sahoo.

The global meltdown and economic crisis has failed to cloud the summer placements of management students in Delhi and the National Capital Region. Not only have stipends risen, the profile of companies visiting campuses has also improved.

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The Faculty of Management Studies (FMS), University of Delhi, got 40 new companies on campus this year. The average summer stipend also saw an increase from Rs 29,000 last year to Rs 37,000. While the highest domestic salary was Rs. 1 lakh for two months, the highest foreign salary stood at 3,100 Euros for two months.

"We have got varied offers from the best financial institutions including leading banks, investment banking, venture capital and private equity firms," said Shifali Aggarwal, student.

IMT Ghaziabad has seen a 33 per cent rise in the highest stipend since last year.

"Investment banking is a very limited area. In contrast, corporate finance companies that were earlier overlooked by most management colleges are being sought after now. FMCG, retail and manufacturing have also been going steady," said Sanjeev Prashar, chairman, placements at IMT.

Students at Indian Institute of Foreign Trade (IIFT), Delhi are also a happy lot. The highest salary of the rolling summer placement this season is Rs 1 lakh, offered by Coca Cola India.

"The number of financial companies visiting campus have come down. But the number of companies in other sectors have increased," said Ameet N Padiyar, convener, placements at IIFT.

At FMS, which has seen 100 per cent summer placement, the only downturn of the economic slowdown seems to be the profiles offered by financial firms.