1st March 2017

Blue chip companies. Increased recruiters. Rise in avg. CTC.

FORE School of Management, New Delhi riding the Placement season among the tops, once again!

New Delhi, 8th February: FORE School of Management, New Delhi is cruising towards yet another successful placement season. This year, contrary to expectations, demonetization is proving to be a positive development for management students. 75 % of the batch is already placed with average CTC of 9.4 Lakhs.

Traditional technology recruiters at B-Schools, namely Cognizant, Infosys, NIIT etc. delayed their recruitment numbers in light of US elections and hence their hiring was concentrated towards the end of the placement season. E-commerce companies have also seen their recruitment numbers getting revised towards the end of the season. Given that last year some of the E-commerce companies had deferred their joining dates, they were not expected to hire in big numbers. However, because of demonetization, companies like Paytm, MobiKwik, and Freecharge are hiring in bigger numbers and E-commerce companies, expecting a brighter outlook going forward, are making a late dash for students.

Another sector that is reaping from demonetization is the Banking, Financial Services, and Insurance (BFSI) sector. FORE is seeing the recruitment numbers of Banks getting revised upwards. BFSI companies like ICICI, SBI, CRISIL, HDFC, Darashaw etc. also showed up in strong numbers. In this sector, the client base is increasing, the quantum of money in bank deposits is increasing, loans are expected to go up, and the number of high net worth customers is expected to go up - all this, means more hiring. Banks which had already recruited from FORE are evincing interest to come for second round.

The current placement season is also seeing a strong interest from blue chip companies which have traditionally been strong recruiters at FORE like HUL, Reckitt Benckiser, Asian Paints, ITC, Maruti, Mahindra & Mahindra, Tata Motors, Café Coffee Day etc. to name a few. Consulting companies like Deloitte, EY, KPMG, and Axis Risk Consulting hired and so did the technology consulting companies like Cognizant, Genpact, Capgemini etc. The technology consulting majors did prune their numbers this year due to the uncertainties arising from the new US government’s policy steps.

A positive trend this year is the increase in number of strategy profiles offered on campus. FORE’s academic focus on Strategy is paying dividends. IT Sales is another area that has traditionally attracted a lot of companies. This year even Gartner came for IT Sales.

Last year, FORE had seen a peak salary of Rs 21 Lakhs per annum and an average CTC of Rs 9 Lakhs. This year, placements have already outshone the previous year with average CTC of Rs9.4 Lakhs per annum.