Why MBA graduates from B-Schools are in high demand amid challenging placement scenario ? - Part I
For the 7,000-plus MBAs graduating from India's leading 26 business schools, the 2017 placement season came with its own set of challenges in the immediate aftermath of demonetisation. Companies went cautious on the hiring front; salary packages across campuses saw an average 5-10 per cent increase and the mood, in general, was more subdued than in the preceding few years.
Amid all this, however, for blue-chip recruiters, MBA talent continued to be a key driver of their India growth story. Digital transformation of businesses and the emerging opportunities that arose from the current dynamic business environment was one of the primary areas B-school graduates were hired for this year.
"For us, digital transformation continues to be a strong driver for demand," said James Lennox, chief people officer at Cognizant, which snagged the numero uno position once again in the top recruiters list, after losing out to Deloitte last year.
"As physical value chains give way to more agile value chains, where data and digital capabilities are infused at every step of the process, winning requires a new engagement model and different capabilities," he said. "This trend is creating significant opportunities for B-school graduates, as clients look for advice on leveraging next-generation technologies to optimise their businesses and drive innovation."
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The company said it had hired close to 600 MBA students from the 2017 graduating batch. Over the last three years, in fact it has hired more than 1,700 MBAs to help propel business growth across roles as varied as management and business consulting, client relationship management, business analysis, analytics and insights, solutions portfolio expansion, corporate development, M&A, change management and business integration. Cognizant Consulting has been the biggest recruiter of management graduates, with more than 6,000 consultants globally.
"Our consulting business continues to take a lead role in many of our transformation deals, helping architect the deals and driving change in our clients' businesses," Lennox said. "We have been a pioneer in having realised the value that B-school graduates bring to the table and have constantly reinvented ourselves to engage in the best possible ways to identify premium business talent that is relevant for Cognizant."
Rubbing shoulders with Cognizant in the top three were ICICI Bank and Deloitte, both of which have been fixtures in the top 10, since 2011.
"As we embark on the next wave of transformation and strengthen our culture of being dynamic, agile and customer centric, we will continue to hire top-quality talent from premier business and engineering schools as a part of our strategy," said TK Srirang, head of human resources at ICICI Bank. The bank said it has recruited 223 candidates from B-schools this year.
Now in its seventh year, the ET Top Recruiters survey was based on data collated from 26 leading business schools across India: IIM Bangalore; IIM Lucknow; IIM Indore; IIM Kozhikode; XLRI-Xavier School of Management; Management Development Institute (MDI) Gurgaon; Indian Institute of Foreign Trade (IIFT), Delhi; Faculty of Management Studies (FMS), Delhi; SP Jain Institute of Management and Research (SPJIMR); IIM Shillong; Narsee Monjee Institute of Management Studies (NMIMS); IIM Trichy; IIM Rohtak; IIM Udaipur; Xavier Institute of Management (XIM), Bhubaneswar; Shailesh J Mehta School of Management (SJMSOM), IIT Bombay; WESchool; National Institute of Industrial Engineering (NITIE), Mumbai; Great Lakes Institute of Management; Goa Institute of Management; Institute of Management Studies, Banaras Hindu University (earlier FMS-BHU); IIM Kashipur; International Management Institute (IMI), Delhi; Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune; Symbiosis Institute of Business Management (SIBM), Pune; and Department of Management Studies (DoMS), IIT Madras.
Read More about the Top Recruiters in the Next article below
Why MBA graduates from B-Schools are in high demand amid challenging placement scenario ? - Part II
Source : economictimes | https://economictimes.indiatimes.com/jobs/mba-graduates-from-top-colleges-still-in-high-demand-amid-challenging-placement-scenario/articleshow/60108698.cms
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