Midway into the Placement season, B-schools like FORE School of Management, New Delhi see an upsurge of 30% in pay packages offered
There’s good news for the ‘Regular Joe’. Midway into the Placement Season for 2015 batch, FORE School of Management, New Delhi has registered a 30% hike in average 6-figure pay packages. This is quite a high, especially because the figures from International placements – which drive the final figures owing to the currency value – are yet to come into play
While in 2013, the highest package offered was by an Australian Company, in 2014 the highest package came from the Middle-East. If trends are something to go by, international placements this year too will be driven by the Middle-East countries. Global Trading houses are showing a keen interest and the number of companies that visited FORE School of Management has increased. The highest package so far offered by an Indian Company is in excess of 15 Lakhs.
According to the Placement Cell of FORE School of Management, the speed with which on-campus placements have moved this year has been a welcome surprise; with a number of forces like positive market sentiments, ‘Make in India’ collateral gains, and enhanced international interest playing an important part. With almost 85% of the 2013-15 batch satisfactorily placed, it is anticipated that by end of February 100% students of the batch will be placed.
“The number of PPIs and PPOs offered to students this year have also increased, as have the international placements,” says Dr. Rajneesh Chauhan, the Chairperson for Placements at FORE School of Management, New Delhi. “Given that the cost of pursuing PGDM at FORE has always been on the lower side, this means a payback period of less than one year for a well placed student!”
FORE is seeing quite a bit of traction from its usual recruiters like Ernst & Young, KPMG, Deloitte, Pricewaterhouse Coopers, in the Consulting Space. In the IT/ITeS domain they’ve had Infosys, NIIT, Dell, HCL, TCS, Wipro and many others. As usual, BFSI has thrown up big recruiters like HDFC, ICICI, Kotak, IndusInd, and CRISIL. There are Asian Paints, Pantaloon, Reckitt Benckinser, and Madura from the Retail sector, and the likes of Maruti, Tata Motors, Hero Motors from the automobile segment. But the big news at FORE is the entry of the ‘big G’ – Google, which is in the process of recruiting at FORE this year, apart from other new recruiters like Cognizant, Groupon, and Café Coffee Day.
It may be recalled that, FORE School of Management has been consistently ranked head-and-shoulders above the other B-schools in the ‘News X–Indus Learning’ survey, published in ‘Mail Today’, comparing B-schools in North India, and more specifically, Delhi-NCR. FORE School of Management was top-ranked in two out of four categories - ‘Industry Interaction’ and ‘Potential to Network’ – during the 2013 edition of this survey. For the last few years, placement figures of FORE School of Management have seen a phenomenal upswing, surpassing most of the other premier B-schools of the country. Going by market sentiments, these numbers look well on their way to breaking many records and being ‘best ever’ on many parameters.
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