This is Season 2. We are on a hunt for students with the best profiles on Business school campuses again. Tell us why you are special. Your profile will be rated by recruiters, and they will shortlist the best 50 profiles in India.
Season #5 of Summer Placement Reporting continues today with XLRI Jamshedpur. One of the best schools in India, XLRI has been sharing data with us since 2012 and the general perception has always been very positive of the report being mostly accurate and largely transparent. It is also quite notable that many of the best recruiters are wiling to travel all the way to recruit at Jamshedpur (there is no direct flight anymore). It points to two things - 1) Quality of Students and the XLRI brand 2) The super-strong Alumni base of the oldest business school in India (1949 - although the BM programme was introduced much later)
Erlin Philip
The excitement has just begun. Congratulations to the ones who are now ready to board ahead with the corporates via their internships.
We continue our Season #5 of Summer Placements Reporting with IIFT today. IIFT exam is due next month and a lot of aspirants would be desperate to know more about this school headquartered in New Delhi. Kolkata campus is a more recent phenomenon but the placement report is a combined one for both campuses. Current students and recruiters would also be keen to know the state of affairs with other campuses and other companies respectively.
It's that time of the year when we start publishing placement reports of top schools in India. This is the fifth season in succession when we are reporting summers placements - we started in November 2011 with IIM Kozhikode. As usual we start with TISS Mumbai.
There used to be a time when public sector jobs were the default options for the young and the educated in the country. After the economic liberalization of 1991, private sector grew rapidly and started generating job opportunities galore. For the well educated, private sector jobs became the default option. Of late however, the public sector has struck back. Not only with more jobs but also with jobs that pay at par with the private sector and with exciting job profiles. Konark Singhal, CEO and Co-Founder of MockBank Learning explains more. MockBank is a digital test preparation company solely focused on helping public sector job aspirants in cracking the job entrances. Konark says- “There are a few themes we are seeing in this market. All of them point towards the maturing and deepening of the public sector jobs. Firstly, of late the job profiles have been becoming more and more attractive. RBI has started direct recruiting for its Grade B Officers. Last year, probably for the first time ever, SBI recruited MMGS-II and MMGS-III officers through direct recruitment. Previously these roles were only filled via internal promotions. Besides being very attractive job profiles, these jobs also pay very well in the range of 10-15 Lakh per annum. Consequently, lured by the brand name of RBI and high salaries, best of the students are preparing for these jobs. MockBank has atleast 50 IIT and IIM graduates who have enrolled for preparatory modules for these courses. Secondly, the number of public sector jobs on offer have gone up significantly, especially in the PSU BFSI sector. The whole rural financial inclusion push and retirements of existing employees are resulting in recurring and large recruitment drives by the PSU banks and insurance companies. LIC, NICL, OICL, NIACL, UIICL have all recruited in large numbers in the last two years.” Professionals are lapping up these opportunities. Says Vipul Bansal, a recently recruited Administrative Officer in National Insurance Company who prepared with MockBank- “I was recruited from my engineering college by one of India’s most prestigious software companies. However, I gave up that job and applied for NICL AO primarily because of better work-life balance”. Neha Singhal, another software professional preparing for banking and insurance officers posts says- “I thoroughly enjoy my software job. However, I want to do something that directly contributes to the well being and living standard of the masses. What better than service and LIC or SBI. Imagine the impact!” First principles suggest that this trend is going to become even stronger. In countries like Singapore, the best prefer public sector jobs. In India, we are still far away, but atleast we have started. The author Konark Singhal is CEO and Co-Founder of www.MockBank.com, a Bangaluru based online test preparation company for government/PSU jobs
In our series to help young professionals understand what different types of careers are like, InsideIIM hosted Team Marico for a chat session. The students got a unique opportunity to interact with the Group Product Head of Saffola Foods And Innovation – Avik Chatterjee and Prateek Singh – Head – Talent Acquisition and Global Mobility. Avik Chaterjee is an alumnus of IIM Bangalore – Class of 2007. Prateek Singh is an alumus of IMT Ghaziabad – Class of 2007.
