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Finance most sough after
Business Standard - India
Banking and finance, and information technology (IT) emerged
as the two most sought after sectors by the students passing
out of India’s leading B-schools this year, according to a
recent Associated Chambers of Commerce (Assocham) Eco Pulse
Survey.
Banking and finance accounted for 29 per cent of the total
offers accepted. IT and IT enabled services were the second
most preferred sectors with 25 per cent of the students
accepting offers from companies in the sector.
The FMCG which traditionally has been one of the most
favoured sectors among B-school graduates could only attract
17 per cent of them. Nearly 16 per cent of the young
managers accepted offers from areas of general management
and other fields like telecom, pharmaceuticals, healthcare
and human resources.
Business consulting, usually considered to be the highest
paying sector accounted for 13 per cent of the offers
accepted by the B-school graduates.
“The high level of campus recruitment by the banking and
financial services companies is an indication of the high
growth that this sector is witnessing,” said Assocham
president, Mahendra K. Sanghi.
According to ASSOCHAM the acceptance of jobs in the
financial services sector had increasedv 45 per cent
compared to last year while the number of students going to
the FMCG sector fell by 22 per cent.
The ASSOCHAM study tracks the placement process of ten
institutes across the country including Indian Institute of
Management (IIM) Ahmedabad, IIM Indore, IIM Khozikode,
Faculty of Management Studies, Delhi, XLRI Jamshedpur,
Jamnalal Bajaj Institute of Management Studies, IIT School
of Management, Mumbai, SP Jain Institute of Management and
Research, Symbiosis Institute of Business Management and IMT
Ghaziabad.
The financial services sector did particularly well at IIM-A
with almost 41 per cent of the students opting for it.
Nearly 20 per cent of the students preferred consulting
outfits like AT Kearney, Boston Consulting Group, and Bain &
Co.
The preferrence at IIM Indore was vastly different as 38 per
cent of the fresh graduates choosing the IT sector and just
18 per cent opting for banking and financial services.
For the second successive year, a large chunk of students
from XLRI Jamshedpur joined the financial services sector,
followed by IT, FMCG and consulting. |
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