Rs.61 lakh per annum is the highest salary clinched by a student at the Faculty of Management Studies in this placement season, which saw about 107 companies descending on the campus for recruitment. All the 205 students who sat for placements in this year’s batch got jobs with an average salary of Rs.16.8 lakh per annum. The top 50 per cent of them managed an average of Rs.19 lakh per annum.
“Given the economic scenario, we consider the salaries and the 100 per cent employment a big success for the Institute,” said student-coordinator Divyam Singh, while explaining that there were about 217 students in their batch across courses and that a few among them opted out of placements. Four of them chose to become entrepreneurs while the remaining are trying their luck at the civil services examinations.
Jobs in the Sales and Marketing sector were the most popular with 33 per cent students being recruited in that field. International companies like Nestle, Coca-cola and Google were among the employers.
Finance sector companies like JP Morgan Chase, Bank of America and the Royal Bank of Scotland were among those who recruited around 20 per cent of the students.
Consulting and General Management sector recruited around 18 and 13 per cent students each with companies like McKinsey and Co., Boston Consulting Group and Deloitte USI and Deloitte India making many offers. Around 37 first-time recruiters visited the campus this year.
The FMS, which has been ranked fourth in most of the rankings that are conducted across the country, has managed the same highest salary as clinched by Indian Institute of Management-Bangalore. Other B-Schools have so far not revealed their highest salary. Last year the highest salary that an FMS alumnus managed to bag was around Rs.60 lakh.
