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Consulting firms emerged as the largest recruiters in the top B-schools of India<br />
<br />
At IIM-A, McKinsey &amp; Co made the highest number of offers in the consulting domain, — 15. Also in the fray at IIM-A were Accenture Strategy, Bain &amp; Co. and BCG.<br />
<br /> At IIM Bangalore, the Boston Consulting Group led with 20 offers followed by Accenture Strategy (14), McKinsey &amp; Co (13), <keyword id="122749" type="COMPANY" weightage="20" keywordseo="Bain-Company">Bain &amp; Company</keyword> (10), <keyword id="6358918" type="PERSON" weightage="20" keywordseo="Deloitte">Deloitte</keyword> (10) and AT Kearney (9). Thirty per cent of the entire batch received offers in the broadly defined consulting sector. Apart from the well-known names, other reputed consultancies such as EXL Consulting (10), Alvarez &amp; Marsal (5), <keyword id="554999" type="PERSON" weightage="20" keywordseo="Roland-Berger">Roland Berger</keyword> (4) and Strategy&amp; (3) picked up candidates from IIM-B.<br />
<br /> Other prominent recruiters in the consulting space were <keyword id="50041" type="CITY" weightage="20" keywordseo="KPMG">KPMG</keyword> (7), <keyword id="66728" type="CITY" weightage="20" keywordseo="PricewaterhouseCoopers">PricewaterhouseCoopers</keyword> (5), Nomura Research Institute (2), PwC Diamond Consulting (2) and <keyword id="85953" type="COMPANY" weightage="20" keywordseo="Ernst-Young">Ernst &amp; Young</keyword> (1).<br />
<br />
At SPJIMR, consulting was not far behind as 27 per cent of the class of 2017 secured offers from top consulting firms, similar to the last year. The recruiters included Accenture Strategy, GEP, Deloitte, IMS, PwC, KPMG, Avalon Consulting, among others. The profiles offered were strategic consulting, operations consulting, financial advisory and IT consulting. There were also five international consulting offers.<br />
<br /> At IIM Trichy, one of the newer IIMs, consulting and analytics firms picked up 29 per cent of the students, with BFSI second at 22 per cent. The highest salary offered for a consulting job was ₹19 lakh and the recruiters were <keyword id="28721" type="CITY" weightage="20" keywordseo="Cognizant">Cognizant</keyword>, Deloitte and <keyword id="4231233" type="UNKNOWN" weightage="20" keywordseo="publicis-sapient">Publicis Sapient</keyword>, among others.

Consulting firms emerged as the most aggressive recruiters in hiring from Top B-schools this placement season

Outperforming other commercial vehicle segments in the country, the small commercial vehicle (SCV) industry in India witnessed a sale of 4,32,000 units, contributing a whopping 60% to the overall commercial vehicle  industry in 2014. <br />
	 

	According to a study by Roland Berger Strategy Consultants, a global consultancy firm, in the next six years the segment is pegged to grow at 13% CAGR till FY 2020, thus constituting 80% of the total commercial vehicle industry in India. <br />
	 

	“OEMs in the SCV segment need to focus on creating the demand for SCVs by developing newer applications. They also need to understand their customers’ needs and liaise with government authorities in order to further promote SCV Passengers” said Dr. Wilfried Aulbur, managing partner at Roland Berger Strategy Consultants India. <br />
	 

	<strong>The Fair Game</strong><br />
	 

	Currently, SCV segment is the fastest growing segment in the industry. The segment that came into existence in 2005 in India substantially grew at 30% CAGR in 2010-2012 but registered 1% decline in the last two years. It should be noted that the commercial vehicle industry shrunk by 11% CAGR due to economic downturn in the country. <br />
	 

	In the SCV segment, SCV Cargo vehicles category continues to remain the biggest segment and will account for over 80% of the total market in the next six years.  The large pick-ups with a capacity of 2-3.5 ton constitute 54% of the SCV Cargo segment and have been growing rapidly. <br />
	 

	However, the passenger vehicle segment in SCV has been facing tough competition from three wheelers. “It faces tough competition from 3 wheelers that account for more than 85% of the passenger segment. Also, competition from Multi Purpose Vehicles (MPVs) and Sports Utility Vehicles (SUVs) for customers looking for comfort whereas soft top vehicles are more in demand for shared taxi applications. Over the last year, the segment has suffered extremely high delinquency rates,” stated the report.<br />
	 

	<strong>The Big Boys</strong><br /> Tata Motors and Mahindra &amp; Mahindra (<keyword id="46869" type="CITY" weightage="20" keywordseo="MM">M&amp;M</keyword>) dominate the SCV category. While Tata Motors is the market leader through its sub 2T truck category and the SCV Passenger vehicles, <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword>’s M&amp;M is expected to dominate the 2-3.5 ton category because of its stronghold in the pick-up segment.<br /> “Tata reinforced its dominance in the &lt;2T (less than 2 ton) category by creating the Zip segment positioned between ACE ((Tata’s mini truck) and the three wheelers segment. On the other hand, M&amp;M has also managed to attract ACE customers to higher tonnage Bolero Maxi Truck. <keyword id="6357085" type="PERSON" weightage="20" keywordseo="Ashok-Leyland">Ashok Leyland</keyword> is one of the late entrants but has been successful with Dost cornering 14% market share in the 2-3.5 Ton category”, the study revealed. In the 3 wheeler cargo segment, Piaggio continues to be the market leader with a market share of 52%. <br />
	 

	<strong>The Road Ahead</strong><br />
	 

	According to the report, the SCV industry is expected to reach over 9 lakh units (in the next six years) growing at a CAGR of 13% over the next 6 years.  The segment is expected to get back on the growth trajectory in the current fiscal year’s third quarter. 

	<br />
	Most of the Original Equipment Manufacturers (OEMs) have considerable investment plans for India. Isuzu India, a leading global OEM in India plans to invest Rs 3,000 crore in its upcoming plant in Andhra Pradesh, which has a capacity of churning out 1 lakh units annually. Ashok Leyland and Nissan joint venture has made an investment of Rs 2,500 crore out of which 50% has already been spent. The plant is expected to have a capacity of 1.5 lakh units.  

	<br />
	Similarly, Tata Motors has an overall investment target of Rs 1,500 crore for the current fiscal year. The investment is being made for new product development and not additional capacity. M&amp;M too will invest Rs 250 crore in its AP plant for its SCV and passenger vehicle segments. Eicher in a joint venture with Polaris India is also expected to make a similar investment for its own SCV models.<br />
	 

	The question however is: will these investments bring in returns? They definitely would, if manufacturers would offer exclusive and unique experience to the consumers.<br />
	<br />
	In Aulbur’s words, “The future of the SCV segment depends significantly on the rise of unique applications of the vehicles. The OEMs could augment the current demand by continuously developing newer applications and educating the customers on the benefits of using SCVs. New applications are being developed to expand the market prompting newer customers to buy SCVs. Poultry, milk and water distribution industries are some of the new applications that have been witnessed over the last few years.” 
<br /><br />

Small Commercial Vehicle Segment To Grow 13% CAGR In Next Six Years

Increased demand for leadership roles from government think tanks, public and the private sector and presence of marquee brands were some of the notable highlights at the <keyword id="6357275" type="ORGANIZATION" weightage="20" keywordseo="Indian-School-of-Business">Indian School of Business</keyword> recent placements as students received an average package of Rs 22 lakh. <br /><br />The School witnessed a 39% increase in the number of recruiters participating in the current placements season. Over 400 companies-domestic and international made 1,113 offers to students of the PGP Class of 2017. <br /><br />In addition to its students, ISB alumni too continue to do well beyond graduation – for example, ISB has been ranked number one amongst the top 30 global B Schools, for a 160 % increase in salary of its alumni, three years after completion of the programme, as per the Financial Times Global MBA rankings 2017.<br /><strong><br />New campus recruits<br /></strong>Besides the regular recruiters such as McKinsey &amp; Co, BCG, Parthenon, AT Kearney, <keyword id="6354427" type="CITY" weightage="20" keywordseo="Apple">Apple</keyword>, <keyword id="10387" type="CITY" weightage="20" keywordseo="Microsoft">Microsoft</keyword>, Citibank, Novartis, Siemens, Amazon , <keyword id="28721" type="CITY" weightage="20" keywordseo="Cognizant">Cognizant</keyword>, Hindustan Unilever ltd, who were on campus, there were several new companies such as Jones Lang LaSalle, Havells, Revigo, P&amp;G, Lending kart, Reliance Jio, Mindtree Consulting, L’ Oreal, Bain &amp; Co and Roland Berger.<br /><br /><strong>Public companies showed keen interest<br /></strong>Reinforcing its trust in the leadership skills of ISB graduates, the government of Andhra Pradesh recruited at ISB for the second consecutive year with a total of 21 offers. ISB students were the preferred choice for several public advocacy and strategy roles. For the first time, they were chosen for roles of Executive Assistants to District Magistrates at select districts in the state. Other roles offered were in the areas of Fin-Tech, Textiles, Tourism, and Infrastructure among others.<br /><br /><strong>More leadership roles offered<br /></strong>There was also a visible increase in leadership roles this year. 70+ offers were made to ISB students for leadership roles by leading corporates including Aditya Birla Group, Citibank, Yes Bank, Philips India Ltd, Tech Mahindra, MAX, Mytrah Energy and Genpact. <br /><br /><strong>ISB's women picked as leaders <br /></strong>Echoing the ISB’s mission and efforts towards increasing gender diversity at the leadership level, Axis Bank continued to hire women students of ISB for their exclusive Leadership Programme for the third year, with roles across Treasury, Corporate Finance, Retail and Consumer Banking. Making its first appearance on campus Ashok Leyland, the PSU manufacturing giant also recruited ISB’s women students for leadership positions across Product, General Management and Strategy.<br /><br /><strong>Overseas recruitments<br /></strong>ISB graduates continue to be the preferred choice of several international companies as they come with prior transnational work experience. These companies too offered senior management positions across locations such as Germany, Switzerland, Ireland, Abu Dhabi, Tokyo, Japan and Singapore. Among the international companies, Cargill, Apple, Coty Inc, Landmark Group, Baycurrent and Credit Access Asia were some among those who recruited for the first time at ISB. <br /><br />Consulting and IT/ITES sectors continued to be the largest recruiting sectors constituting 20% and 21% of total number of offers followed by BFSI and Healthcare &amp; Pharma. With a class size of 903, the Post Graduate Programme in Management (PGP) at ISB is one of the largest group of top-notch experienced talent in the region. <br /><br />The student body at ISB is a diverse mix of professionals across age groups, location, vertical and function, which allows recruiters from various sectors the opportunity to hire for multiple positions. The School follows an integrated system of ‘Rolling Placements Process’ which is a campus neutral, lateral hiring process spread over several months allowing students and recruiters to interact with each other and find their desired fit. <br />

1,100 students grab Rs 22 lakh job offers - Five key takeaways from ISB 2017 Placements

<p>In a narrow Hong Kong street filled with the tang of dried sea creatures, shopkeepers are blaming <keyword id="1334" type="COUNTRY" weightage="60" keywordseo="China">China</keyword>'s recent corruption crackdown for falling sales of expensive banquet foods such as shark fin and abalone.</p>
<p>Such items have fallen off the menu since China's new leadership came to power demanding austerity from Communist Party and military officials as a means of reigning in graft and dampening public anger over corruption.</p>
<p>Suppliers, restaurants, and hotels in the trading hub of Hong Kong all say the loss of appetite from the mainland has thinned out sales in a market looking for a portion of China's estimated annual 300 billion yuan (US$49 billion) expenditure on state-funded banquets.</p>
<p>On Hong Kong's "Dried Seafood Street", the centre of trade in dried delicacies, shopkeeper Leung Wing-chiu told AFP sales were down 20 percent at a time when increased ethical awareness over shark fin and rising rents are pressuring business.</p>
<p>"Beijing's frugality campaign has driven money out of my pocket," said the 94-year-old, who is also the Dried Sea Food &amp; Grocery Merchants Association president.</p>
<p>"Demand from mainland buyers, especially hotels and restaurants, has shrunk a lot. This is particularly true for high-end goods such as dried abalone, shark fins and bird's nest."</p>
<p>Two catering companies listed on the southern Chinese city's stock exchange even cited the government's emphasis on frugality as they issued profit warnings to shareholders last month.</p>
<p>Leung said China's state-funded banquet culture was a key source of revenue, and while the economic slowdown had affected business over the past few years, "the situation has got a lot worse since the new leadership ascended to power".</p>
<p>Chinese officials have long held lavish liquor-drenched receptions as a way of building business relationships, greasing the wheels of power, and showing off wealth and status.</p>
<p>The Jiu San Society, one of China's eight legally-recognised non-Communist political parties, last year called for a curb on government spending on such banquets, which it estimated at $300 billion a year. Other scholars put the figure even higher.</p>
<p>And in June, President Xi Jinping launched a "thorough cleanup" of the ruling Communist Party, vowing to target extravagance and waste.</p>
<p>The Central Military Commission had already banned lavish banquets for high-ranking officers at the end of last year, while party officials were handed similar new rules.</p>
<p>Former high-flying Chinese politician Bo Xilai is currently on trial for corruption and revelations about private jet flights and rare animal meats have held Chinese readers spellbound.</p>
<p>Zhu Jiangnan, China Studies coordinator at the University of Hong Kong, said banquets were in a "grey area" of corruption.</p>
<p>"Actually, in China, the word 'corruption' (fubai) is linked not only with... graft, bribery, and embezzlement, but also unhealthy tendencies... such as extravagance and waste," she told AFP in an email.</p>
<p>Wong Hiu-wan, a shopkeeper selling bird's nests, which have been used in Chinese cooking for centuries, blamed the directives from Beijing for a slowdown in business.</p>
<p>"Now, we have to count more on local consumers, because orders from mainland hotels and restaurants have gone down dramatically," he said.</p>
<p>And Yeung Wai-sing, the chairman of the Association of Hong Kong Catering Services Management Ltd, also had reason to regret China's newfound abstemiousness.</p>
<p>"For years, this traditional business has been fuelled by orders from mainlanders, who consider dried seafood from Hong Kong to be premium in quality," said Yeung.</p>
<p>"But things didn't turn out well this year."</p>
<p>Two Hong Kong-listed catering giants, Tang Palace (China) Holdings and Xiao Nan Guo Restaurants Holdings Ltd, both issued profit warnings in July linked to the crackdown.</p>
<p>Tang Palace largely blamed "the issuance of a set of regulations and restrictions to promote frugality and curb waste by the Chinese government, casting an impact on certain customer groups' expenditure".</p>
<p>Xiao Nan Guo said its first-half profit was hit by "the prolonged austerity campaign launched by the Chinese government to curb lavish spending and entertainment".</p>
<p>Others say traditional foods were already losing their attraction.</p>
<p>"The Chinese are turning their eyes towards Western and environmentally-friendly food rather than traditional banquet favourites like abalone and shark fin," said Ren Guoqiang of consultancy Roland Berger &amp; Partner.</p>
<p>Bruce Shou, a student and food enthusiast who routinely visits Hong Kong from Hangzhou to dine at high-end restaurants, agreed.</p>
<p>"Sashimi, beefsteaks and foie gras look fancier to me, whereas abalones remind me of something old-fashioned and bureaucratic," he said.</p>
<p>On top of environmental campaigning against products such as shark fin and Hong Kong's eye-watering rents, the graft crackdown is adding to the pressure on businesses along "Dried Seafood Street".</p>
<p>"2013 is a tough year for us," Leung said.</p>
<div class="nc_footer">
<p>Copyright (2013) AFP. All rights reserved.</p>
</div>
<p></p>

Sales Of Chinese Seafood Delicacies Are Plummeting Amid Government's Anti-Corruption Drive

<p>Earlier this month, S&amp;P Global Market Intelligence <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/tech-media-ceos-dominate-highest-paid-list-in-2019-60179796">reported</a> that the average total CEO compensation for tech, media, and communications executives was higher than in all other sectors in 2019, at $26.3 million. The next highest-paid group of CEOs were those in the financial-services sector, whose average total compensation was $8 million less.</p><p>To help people better understand the compensation that technology and communications executives were receiving, we created a database of the most recent publicly available compensation data for information-technology and communications firms in the <a href="https://markets.businessinsider.com/index/components/s&amp;p_500_500">S&amp;P 500</a>.</p><p><strong><a href="https://www.businessinsider.com/tech-media-executive-compensation-database-apple-disney-facebook-and-more-2020-9">Check out our database here</a>,</strong> which includes firms such as Apple, Twitter, Verizon, Walt Disney, and <keyword id="6354576" type="UNKNOWN" weightage="60" keywordseo="facebook">Facebook</keyword>. </p><h1>Welcome to <keyword id="9084003" type="UNKNOWN" weightage="60" keywordseo="success-insider">Success Insider</keyword>, our regular newsletter for getting things done. </h1><p>This week, we have inside tips from HR leaders at Facebook and <keyword id="613489" type="ORGANIZATION" weightage="60" keywordseo="Booz-Allen-Hamilton">Booz Allen Hamilton</keyword>, the salaries of employees at 12 boutique consulting firms, a look at how Peloton became the "Apple of fitness," and more. </p><h2>How model-turned-CEO Natasha Oakley got her start right out of high school and now leads a multimillion-dollar swimwear brand</h2><div type="image" title="Natasha Oakley" height="3000" width="4000" msid="78239507" hostid="261"></div><p>Natasha Oakley has been an entrepreneur since graduating high school, when she founded her own production company out of her native Australia. Now with an Instagram following that tops 2 million, her business savvy has taken social media by storm, and the startup she cofounded on a $30,000 loan is a multimillion-dollar brand.</p><p><strong><a href="https://www.businessinsider.com/swimwear-ceo-natasha-oakley-strategies-to-success-2020-9">Read more here.</a></strong></p><h1>Booz Allen Hamilton's HR chief reveals the question she asks job candidates to see if they're invested in their career. Here's what she wants to hear in response.</h1><div type="image" title="betty thompson booz allen hamilton" height="1500" width="2000" msid="78239509" hostid="261"></div><p>Betty Thompson likes to ask job candidates how they managed their last job change — and she's listening for signs that they're proactive about their professional development. The most successful Booz Allen Hamilton employees, she said, take ownership of their <keyword id="6354910" type="UNKNOWN" weightage="60" keywordseo="careers">careers</keyword>.</p><p><strong><a href="https://www.businessinsider.com/booz-allen-hamilton-hiring-hr-chief-job-interview-question-proactivity-2020-9">Read more here.</a></strong></p><h1>Facebook's head of global recruiting reveals the tech giant's remote hiring <keyword id="6363690" type="UNKNOWN" weightage="100" keywordseo="Strategy">strategy</keyword> that is helping them add 10,000 new product engineers to their team this year</h1><div type="image" title="Miranda Kalinowski_Facebook" height="1365" width="1820" msid="78239511" hostid="261"></div><p>Facebook has continued to recruit during the coronavirus pandemic. In fact, according to their head of global recruiting, the company will hire over 10,000 product engineers this year. Here's how they're making it happen.</p><p><strong><a href="https://www.businessinsider.com/how-facebook-hiring-remote-jobs-during-pandemic-tech-hiring-2020-9">Read more here.</a></strong></p><h1>Dishoom's founder says everything he learned at business school was wrong. Here's how his quality-over-revenue approach helped Britain's Indian restaurant group explode.</h1><div type="image" title="Shamil Thakrar" height="2500" width="3333" msid="78239515" hostid="261"></div><p>Shamil Thakrar is the cofounder of one of the UK's most successful Indian restaurant groups, Dishoom, which serves 40,000 diners annually and employs 900 people. He revealed how the hard-headed business principles of profit he was programmed with are "completely wrong" and outlined his playbook for expanding a successful business.</p><p><strong><a href="https://www.businessinsider.com/dishooms-cofounder-shamil-thakrar-four-lessons-to-business-success-2020-9">Read more here.</a></strong></p><h1>'Women want brands to tell them that they're doing the right thing': How Black-owned cosmetics brand Mented defied a lipstick-sale slump during COVID-19 to post record numbers</h1><div type="image" title="Amanda E. Johnson is the cofounder and COO of Mented Cosmetics, a beauty brand geared towards people of color." height="2560" width="3413" msid="78239517" hostid="261"></div><p>Mask-wearing and working from home have caused lipstick sales to slump during the pandemic. But some brands, including Mented, have found ways to boost their sales — and their strategies could change the cosmetics industry forever.</p><p><strong><a href="https://www.businessinsider.com/lipstick-sales-fall-covid-mented-business-defying-odds-during-covid-2020-9">Read more here.</a></strong></p><h1>An inside look at the first 'mobile-friendly' accelerated MBA program, where aspiring entrepreneurs and leaders can earn their degree from their phones — without paying a cent in tuition</h1><div type="image" title="woman using cell phone at home" height="1415" width="1887" msid="78239521" hostid="261"></div><p>The Quantic School of Business and Technology, founded by former Rosetta Stone CEO Tom Adams, is an accelerated "mobile-first" graduate program designed for early and mid-career professionals to continue working while earning their MBA. With its uniquely tight network, "more interactive" instruction, and free tuition, it's an attractive choice for prospective MBA candidates who are seeking opportunities in entrepreneurship and management.<strong><br /></strong></p><p><strong><a href="https://www.businessinsider.com/quantic-school-business-technology-free-mobile-accelerated-mba-program-2020-9">Read more here.</a></strong></p><h1>1.1 million users, 97% satisfaction, and $607 million in revenue: How Peloton mastered user engagement to become the Apple of fitness</h1><div type="image" title="peloton" height="533" width="710" msid="78239525" hostid="261"></div><p>Peloton's business of stationary at-home bikes, treadmills, and subscription workout classes blossomed during the pandemic as people searched for safe exercise options. The company capitalized on that fortuitous timing by meeting customers where they found themselves at the start of the pandemic — quarantined at home, trying to establish new routines.</p><p><strong><a href="https://www.businessinsider.com/pelotons-high-customer-satisfaction-cemented-its-cult-status-2020-9">Read more here.</a></strong></p><h1>Meet the 'no cap' offer: How one of Boise's top real estate agents helped his clients win a house at $125,000 over ask by writing a contract with no limits</h1><div type="image" title="Matt Bauscher" height="688" width="918" msid="78239529" hostid="261"></div><p>Matt Bauscher is one of Boise's top real estate agents, and recently used a "no cap" offer to win an in-demand home for his clients, at $125,000 over ask. 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Consulting firms emerged as the most aggressive recruiters in hiring from Top B-schools this placement season

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Small Commercial Vehicle Segment To Grow 13% CAGR In Next Six Years

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1,100 students grab Rs 22 lakh job offers - Five key takeaways from ISB 2017 Placements

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Sales Of Chinese Seafood Delicacies Are Plummeting Amid Government's Anti-Corruption Drive

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