Monday, February 21, 2011

MNCs to hire more graduates at higher pay scales 

It is anticipated by the top business schools in India that 2011 will be the best year yet for campus placements.  Recruiters are in search of the cream of management graduates from these institutes. The prospective employers are likely to be more of MNCs, who would be hiring more students even by offering higher pay packages. All this indicates that the western economies are now improving.

The placement process has already started at IIM-Ahmedabad. The investment baks and consulting firms are offering higher pay scale which is up to a fifth higher than the previous year.
Placements at IIM-Bangalore will start from 5th March. IIM-Calcuttta and Lucknow will follow the process.

Campus recruitments at the IIMs and other top B-schools are very significant in the manner as they are indicators of corporate confidence.

The Boston Consulting Group has broken their last year’s record by employing eight candidates each. BCG who has hired 11 graduates from IIM-A, is the top recruiter, hiring 11 IIM-A graduates. McKinsey has made 10 offers. These include the pre-placement offers to students after a two-month internship.

T Muralidharan, an IIM-A alumnus and the chairman of TMT Group says, “Information technology companies, which are offering higher-value services to clients in the US and Europe, will play a crucial role in raising the average level of pay”.

Source: Economic Times

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