90pc MBA students expect better placement: Survey

Most MBA students are expecting better placement results this year, according to a survey released by management portal.

Over 200 students across 15 top Indian B Schools had participated in the survey.

The report focuses on various aspects of MBA student expectations.

For example, the report states that 90pc of MBA students expect much better placement results this year as compared to last year.

The recently concluded summer placements at IIMs also confirm the upbeat trend in India's economy, which is allowing the MBAs to dream big. Leading financial firms, FMCG companies, global consulting firms gave attractive offers to the students at the recently concluded summer placements. The final placements that will take place in 2010 look brighter.

One of the many findings also states that Money is not the most important criteria for management graduates. 'Job Profile' is the most important criteria while choosing a job.

Overwhelmingly, 78pc of MBA second-year students at India's top 25 B-schools said that Job Profile was "most important factor" while choosing a career.

Further into the report, the highest percentage of 57pc goes to Management Consulting which figures at the top of the heap. 40pc would like to work in an FMCG company, 35pc would love to work in an Investment Banking firm, 30pc would be happy in the Banking and Insurance sector and there are also many takers for the IT/ITES and Media and Entertainment sectors with 27pc each in both the sectors.

Management Consultancy companies like McKinsey, E and Y, and Accenture - rated best. Close on the heels are the Indian diversified companies like: Tata's, M and M and the Aditya Birla Group etc. MNCs like Unilever (HUL - Hindustan Unilever) are also high up in preferences. Sector focused Indian corporate and PSUs - do not have many takers in terms of preference.

Satwinder Singh Saimbi MD and Co Founder said: "The survey results are an eye opener, indicating the much wider ambitions of the MBAs. Unlike the year 2008 when there was widespread sadness over the global economic scenario in the MBA student community, this year the thoughts on the placement scenario are upbeat with improvements observed in varied sectors of Indian as well as global economy. The final placements that will take place in 2010 look brighter. Survey also highlights the central position of India in the new post-crisis world order."

Mick Gordon Synovate India MD said: "There is a strong shift in the mood in the marketplace, now. In the year 2008, and the first half of 2009, India witnessed its worst slowdown in years. Most companies had a near freeze on hiring; there was a cut back on spends - the second half of 2009 helped most companies cover lost ground.

"The surveys resonates the same - students from top B-schools expect better salaries, consulting firms being hot favorites - is back on everyone's radar; manufacturing firms, FMCG, financial services - are on everyone's wish-list. Last year's somber mood is a thing of the past. And everyone is happily looking to the future."

Source: http://www.newkerala.com

Date: 22nd Jan., 2010

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