Here’s where top management schools are sending their students this year

In India, we have engineers and MBAs in abundance. All thanks to numerous institutes in the country that students get the chance to pursue these professional courses at.

However, all institutes don’t have great placement rates. Students of top institutes prove to be the luckiest. Take for instance the case of MDI, IIFT and other top B-schools. This year, their students got placed in the first two days of the summer placement session; companies which came in later had to return bare-handed.

Kanwal Kapil, Associate Professor & Chairperson- Placements at Management Development Institute (MDI), Gurgaon shares, "Companies have been so upbeat on hiring that this was waiting to happen. By noon on the third day, all our students had been placed. For the human resource programme, it was over on the first day itself. We had to send back the companies slotted over the next couple of days.”

Not just at MDI, but other leading business institutes including Indian Institute of Management (IIM) Kozhikode, XLRI Jamshedpur and the Indian Institute of Foreign Trade (IIFT) in Delhi were confident about business prospects.

The sectors taking the lead so far were: investment banks, eCommerce companies and consumer goods makers, who look forward to an augmentation as India retains its place of world’s fastest growing economy.

This year placements were completed in a record time of 3-7 days.

"Most companies across sectors have hiked stipends," shared Rajul Mangal, placement committee member at IIM-Kozhikode. The percentage increase is observed somewhere between 20-50%. JP Morgan Chase is paying Rs 5 lakh at XLRI Jamshedpur for a two-month internship.

Boston Consulting Group and Reckitt Benckiser are paying Rs 3 lakh each at IIM-Kozhikode and MDI Gurgaon. Morgan Stanley is paying Rs 4 lakh at Faculty of Management Studies (FMS) Delhi while at IIFT, average stipends are up by 30% from last year.

Sources informed that Goldman Sachs and American Express have also increased stipends to Rs 2 lakh from Rs 1.5 lakh for two months. Hindustan Coca-Cola Beverages has raised it to Rs 1.5 lakh from Rs 75,000 and Tata Steel to Rs 1 lakh from Rs 50,000.

L'Oreal is paying Rs 1.6 lakh, up from Rs 1.2 lakh, and Arvind Lifestyle is paying Rs 1 lakh versus Rs 70,000 last year.

The number of offers too have increased as Microsoft, RPG, American Express, JP Morgan Chase and Deutsche Bank have all made 60-100% more offers at IIM-Kozhikode than previous year.

With the highest recruit ever, Accenture Strategy hired 12 interns at FMS Delhi.

New recruiters on campuses included the Bill and Melinda Gates Foundation, Shell, Ola Cabs and Quikr at XLRI; Anheuser-Busch InBev and Dr Reddy's at FMS Delhi; Edelweiss and Glenmark Pharma at MDI; and Marico and GSK Consumer at IIFT.

Surprisingly, IIFT got 12 international offers for internships this year, up from eight last year. International recruiters included the World Trade Organisation (WTO) and the Organisation for Economic Co-operation and Development (OECD).
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