Finance favourite at FMS’s final placement

Maximum Foreign Salary Offered AED 220,000 AED 220,000

Placement Snapshots (MBA Programme)

Though FMS has enjoyed a great relationship with most of India’s favored recruiters, the flavor of placements this season was that almost all students signed out with a job from a recruiter of preference. “Placements at FMS for the class of 2007 offered an opportunity for most of the students to get into their Dream Company. With the economy booming, exciting profiles were offered across domains by several Companies. Banking and Financial Services was the largest recruiter this year with the highest paying job also coming from the financial sector” says Dr. Madhu Vij, Placement Advisor for the FMS MBA programme.

The Average Domestic Salary for accepted offers was INR 12.04 lakhs per annum as opposed to last year’s INR 8.89 l.p.a showing an increase of nearly 30 pc. Interestingly, women managers earned more with INR 12.58 l.p.a while their male counterparts had to contend with an average salary of INR 11.83 lakhs per annum.

The highest domestic salary was offered by Paris-based Calyon Bank with INR 16 lakhs being offered to one student. This was followed by old-time recruiter Citigroup, which made an offer of INR 15.5 lakhs in an Assistant Vice President’s role. The highest foreign offer made was AED 220,000.

The Consulting and General Management sector saw a participation from regular recruiters like Accenture Business Consulting, TAS and TSMG, besides many new recruiters that were added to the list this year.

Nearly 48 pc of the batch opted for a career in Finance; the rest was nearly evenly spread between IT, FMCG’s, Consulting & General Management. This just goes on to showcase FMS’ growing reputation as a favored destination for those inclined towards finance.
The highest number of offers was made by Cognizant Technologies with 15. With 10 offers each, IBM, Standard Chartered Bank & ICICI Bank were a close second.

On an average the highest numbers of offers were made by Banks, with an astounding 62 offers being made IN ALL. The top 5 recruiters included HSBC, Citibank & ABN Amro, Standard Chartered & ICICI, including international offers in investment banking and other niche financial profiles.

All FMCG majors in the country made their presence felt with HLL (now HUL) and Proctor & Gamble leading the pack. The other big names included Asian Paints, Cadbury, Colgate-Palmolive, Dabur, GSK, Henkel, ITC, Motorola, Nestle, Pepsi, Reckitt Benckiser, SAB Miller, Tata Motors & Titan.

The IT sector was well represented by recruiters like SAP, Oracle, Cognizant, GE-IMLP, CSC, HP, IBM, Inductis, Infosys, Wipro, Kanbay, Covansys, Patni, Honeywell, Satyam, Tavant & Tech Mahindra

The list of first-time recruiters included European Investment Banks like Langham Capital & Calyon Bank, KPMG in the Consulting Domain, Retail Giants like Bharti-Walmart & Jumbo Group (Dubai) while International consulting majors like ZS Associates, Mercer Consulting and Stern & Stewart and international IT firms like ATOS Origin & Yahoo Inc! initiated their relationship with the campus this year. Europe-based DTZ, one of the world’s leading real estate consultants, offered their niche International Property Consulting role.

Placement Snapshots (MBA-MS Programme)

“The placement for MBA (MS) has exceeded expectations. As compared to last year’s placements, there has been a significant increase in the number and variety of companies, which have offered exciting job profiles and salaries to the students in the current year. Many students could take their pick from more than two offers at hand. The pedagogical inputs that are unique to this programme, combined with the brightness of the batch enrolled in the programme have brought us excellent feedback from the industry. We at FMS intend to continue with our efforts and the industry can look forward to continually improving business leaders in the service sector from FMS in the coming years.” says Dr. Mala Sinha, Placement Advisor of MBA (MS) Programme.

The Average Domestic Salary for accepted offers was INR 10.55 lakhs per annum as opposed to last year’s INR 7.5 l.p.a. The average salary including international offers came out to be INR 11.25 lakhs per annum.

The highest domestic offer of INR 14.5 lakhs per annum was offered by HSBC bank. Also, the first international offers for the MBA (MS) Batch were made by Jumbo Electronics, Dubai for an annual salary of AED 220,000 per annum.

Around 65pc of the students turned millionaires overnight (bagging salaries more than INR 10 lakhs per annum). Some of the corporates that participated were Deutsche Bank, Dell, IDFC, HSBC, ICICI Prudential, Yes Bank, Bharti Airtel Ltd, SAP VE, Cognizant Technology Solutions, IBM, GE, JP Morgan, Deloitte & Essar Group.
J P Morgan, Dell, ATOS Origin, CTS, IDFC, Vedanta Resources Plc, participated in the placement process for the first time.

25 pc of the batch had Pre-Placement Interviews for coveted profiles and 18pc of the batch had Pre-Placement Offers.
3 students accepted offers from GE for its Global Information Management Leadership Program, which includes international stints across various countries

Company List

As Puru Gupta, Placement Secretary for FMS MBA programme says, “Before the process starts, every student get to choose his “dream” company. This year, a strong 78 pc of the batch of 2007 converted that option – thereby getting an offer from the company they aspired and dreamt of. Compared to other B-schools, this highlights the kind of choice that FMS offers to every student”.