The final placement report for batches 2014-16, at FORE School of Management witnessed highest domestic CTC of INR 21 lacs per annum and average CTC of INR 9 lacs per annum for the 213 students from PGDM and PGDM International Business. The placement figures revealed a higher median CTC and multiple job offers for the students. Apart from the traditional recruiters from FMCG, IT/ITeS, Manufacturing, Banking and Consulting domains, there has been e-commerce, Unicorns and tech start-ups recruiting from the campus.
According to Prof. Rajneesh Chauhan, Chairman Placements at FORE, “With the relatively low fee at FORE (compared to peer group), the Return on Investment continues to remain high and the payback period of 15 months, much shorter.”
At FORE the placement is never a hurried-through process as the first offer need not be the best offer. Students receiving offers of INR 7 Lacs per annum or lower were allowed to sit for subsequent companies.
“Our attempt has always been to mentor the students to have patience and critically evaluate the role and salary offered instead of grabbing whatever offers comes by. Our objective has always been to see that the students’ get their best possible match in placement offers, keeping in mind - the job competency and the individual’s passion and craving. It should be a win-win situation for the student as well as the recruiter”, said Dr. Jitendra K Das, Director, FORE.
Sector wise placement:-
JP Morgan, Bank of America, SBI, ICICI, and HDFC offered strategic roles in finance. Hindustan Unilever offered profiles in both sales and finance. NIIT, Cognizant and Infosys came out with multiple offers of INR 14 Lacs plus.
Apart from higher salary packages, there has been an improvement in diversity of recruiters as well. In terms of roles, consulting offers represented 40%, marketing 40% and finance 10% while in terms of industry sectors, consulting made up 50% of the offers, 20% in BFSI and 10% in E-Commerce. Rest being in IT, General Management and Operations. “The final placements trends show that placements were equally good across diverse backgrounds be it gender based, FMG vs. IMG, engineers vs. non-engineers. There was hardly any difference in terms of CTC”, added Prof. Rajneesh Chauhan.”
The applications for the upcoming admission session at FORE has been closed. CAT/XAT/GMAT score is apparently the primary benchmark for selection but in order to make it more open for the students, weightage is distributed to other skill sets and latent business leadership talents.
Published on behalf of FORE School of Management, New Delhi.